American Hotel Income Properties REIT LP Announces Board Changes
October 18 2023 - 8:00AM
American Hotel Income Properties REIT LP (“
AHIP”,
or the “
Company”) (TSX: HOT.UN, TSX: HOT.U, TSX:
HOT.DB. V), announced today the appointment of Amy Freedman as an
independent director and the resignation of Richard Frank as an
independent director of the Company.
W. Michael Murphy, AHIP’s Chair, commented “We
are pleased to have Ms. Freedman join our Board as she brings with
her a wealth of knowledge in capital markets and shareholder
advisory matters as well as significant public company board
experience that complements and adds to the diversity of skills and
experience of our existing Board members.”
Ms. Freedman was also appointed as the Chair of
the Compensation Committee and as a member of each of the Audit
Committee and Investment Committee effective today.
Amy Freedman is a Partner and Head of Engagement
Fund Investment at Ewing Morris & Co. Investment Partners Ltd.
Ms. Freedman was previously Chief Executive Officer of Kingsdale
Advisors, a leading shareholder services and advisory firm
specializing in strategic and defensive advisory, governance
advisory, proxy and voting analytics and investor communications.
Prior to Kingsdale, Ms. Freedman spent over 15 years in capital
markets as an investment banker with global firms including Stifel
and Morgan Stanley in both Toronto and New York. She holds an MBA
and JD from the University of Toronto. Ms. Freedman currently
serves as a director of Canaccord Genuity Corp. and Mandalay
Resources Corporation.
Ms. Freedman was appointed following an
extensive search and review of qualified candidates conducted by
AHIP as part of its previously disclosed commitment to add a
further female director to its Board prior to year end in
furtherance of AHIP’s overall commitment to Board diversity.
Mr. Frank resigned as a director of the Company
and from various Board Committees in order to focus on other
opportunities and to allow AHIP to progress its Board gender
diversity goals. Mr. Murphy noted “Rick has been a valuable member
of the Board since 2016. We thank him for his considerable efforts
and contributions to the Board over the years and wish him success
in his future endeavours.”
ABOUT AMERICAN HOTEL INCOME PROPERTIES REIT
LP
American Hotel Income Properties REIT LP (TSX:
HOT.UN, TSX: HOT.U, TSX: HOT.DB.V), or AHIP, is a limited
partnership formed to invest in hotel real estate properties across
the United States. AHIP’s portfolio of premium branded,
select-service hotels are located in secondary metropolitan markets
that benefit from diverse and stable demand. AHIP hotels operate
under brands affiliated with Marriott, Hilton, IHG and Choice
Hotels through license agreements. AHIP’s long-term objectives are
to build on its proven track record of successful investment,
deliver monthly U.S. dollar denominated distributions to
unitholders, and generate value through the continued growth of its
diversified hotel portfolio. More information is available at
www.ahipreit.com.
For additional information, please
contact:
Investor Relationsir@ahipreit.com
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