An anonymous director reports

AMERICAN HOTEL INCOME PROPERTIES REIT LP ANNOUNCES COMPLETION OF ITS NORMAL COURSE ISSUER BID

American Hotel Income Properties REIT LP has completed its normal course issuer bid and related automatic securities purchase plan that commenced on Dec. 30, 2024.

American Hotel has purchased a total of 7,521,189 units of American Hotel under the NCIB and ASPP, representing approximately 10 per cent of its public float at the commencement of the NCIB. The units were purchased at a weighted-average price of 43 cents per unit. American Hotel currently has 71,890,348 units outstanding.

American Hotel intends to apply in December, 2025, to renew its NCIB and ASPP for a further 12 months from Dec. 30, 2025, to Dec. 29, 2026, subject to acceptance of the Toronto Stock Exchange.

About American Hotel Income Properties REIT LP

American Hotel is a limited partnership formed to invest in hotel real estate properties across the United States. American Hotel's portfolio of premium branded, select-service hotels are located in secondary metropolitan markets that benefit from diverse and stable demand. American Hotel hotels operate under brands affiliated with Marriott, Hilton and IHG Hotels through licence agreements. American Hotel's long-term objectives are to increase the value of its hotel properties through operating excellence, active asset management and value-adding capital expenditures and increase unitholder value and distributions to unitholders.

We seek Safe Harbor.