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American Hotel Income Properties Q3 revenue falls 41% due to hotel property sales

By Reuters News


Overview

  • U.S. hotel REIT's Q3 revenue fell 41% yr/yr due to hotel property sales

  • Same property RevPAR rose 11.7% and NOI grew 23.5% on improved market conditions

  • Company continues strategic review, expects more hotel sales to boost liquidity and cut debt


Outlook

  • Company expects to close sales of nine hotels for $137.3 mln in Q4 2026 and Q1 2027

  • Company plans to use proceeds from hotel sales to redeem Series C Shares and Debentures

  • AHIP continues strategic review, including potential further asset sales and other alternatives


Result Drivers

  • ASSET SALES - Revenue and NOI declines were primarily due to the sale of hotel properties in 2025 and 2026

  • SAME PROPERTY GROWTH - Co attributed higher same property RevPAR, ADR, and occupancy to improved market conditions and revenue management, especially from retail and government travel

  • OPERATING EXPENSES - Higher room labour, utilities, and maintenance expenses partially offset gains


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

$28 mln

Q3 RevPAR

$122


Reuters Recommended Reads

  • Nov 11 - Canada's Flagship Communities REIT Q3 rental revenue jumps on acquisitions, lot rent hikes

  • Nov 12 - Canada's Choice Properties REIT Q3 net income rises on fair value adjustments

  • Nov 12 - Canada's Slate Grocery REIT Q3 rental revenue rises on leasing momentum


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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