American Hotel Income Properties REIT signs deals to sell six hotels for $95 million
American Hotel Income Properties REIT completed the sale of one hotel and signed agreements to sell five others, with gross proceeds from the six-hotel package estimated at about $95 million. Most closings are targeted by the end of the fourth quarter of 2026.
1. Hotel sales and debt
The REIT completed the sale of the Holiday Inn Express & Suites Fort Myers in Florida and signed purchase and sale agreements in September 2026 to sell five hotels; an agreement for a sixth is expected within 10 days. Unrestricted cash was about $42 million on Sept. 24, up from $21.5 million on June 30. Cash and expected sale proceeds are earmarked to repay $25 million in Series C Preferred Shares and $49.7 million in debentures due Dec. 31, 2026.
