American Hotel Income Properties Q3 revenue falls 41% due to hotel property sales
American Hotel Income Properties’ third-quarter revenue fell 41% year over year to $28 million, largely due to hotel sales. Same-property RevPAR rose 11.7% and NOI grew 23.5%; the company expects to sell nine hotels for $137.3 million in Q4 2026 and Q1 2027.
1. Quarterly results
American Hotel Income Properties reported third-quarter revenue of $28 million, down 41% year over year, primarily due to hotel property sales in 2025 and 2026. Same-property RevPAR rose 11.7% to $122, and NOI grew 23.5%, as improved market conditions and revenue management supported performance, particularly in retail and government travel. Higher room labour, utilities and maintenance expenses partially offset the gains.
2. Hotel sale plans
The company expects to close sales of nine hotels for $137.3 million in Q4 2026 and Q1 2027. It plans to use the proceeds to redeem Series C Shares and Debentures and says its strategic review continues, including potential further asset sales and other alternatives.
