Le Lézard
Classified in: Tourism and vacations, Business
Subjects: OFR, FVT

American Hospitality Properties REIT Declares Special Common Stock Dividend

DALLAS, July 13, 2020 /PRNewswire/ -- American Hospitality Properties REIT, Inc. announced that the Company's board of directors declared a special cash dividend of $0.22 per share of its common stock. The dividend is payable on August 7, 2020, to stockholders of record on July 31, 2020.

W.L "Perch" Nelson, Chairman and Chief Executive Officer of American Hospitality REIT, noted, "This dividend is intended to provide our stockholders with an initial return on their investment while we continue to raise capital that we expect to use to acquire hospitality assets."

For additional information, please contact   Audrey Kamin, Senior Vice President, Distribution, National Accounts Manager at 858.243.3977 or visit www.phoenixamericanhospitality.com

About American Hospitality Properties REIT
American Hospitality Properties REIT, Inc. was formed to invest in limited and upscale select service hotels in the United States. Substantially all of the Company's assets will be held by, and substantially all of the Company's operations will be conducted through, its operating partnership, of which the Company is the sole general partner. The Company intends to qualify as a REIT for U.S. federal income tax purposes beginning with its taxable year ending December 31, 2020.

Forward-Looking Statements
This press release includes "forward-looking statements" that are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 and of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Investors are cautioned that statements in this press release, which are not strictly historical statements, including, without limitation, statements regarding management's plans, objectives and strategies, constitute forward-looking statements. Such forward-looking statements are subject to a number of known and unknown risks and uncertainties that could cause actual results to differ materially from those anticipated by the forward-looking statement, many of which may be beyond our control, including, without limitation, those factors described under the caption "Risk Factors" in the Company's Offering Statement on Form 1-A filed with the Securities and Exchange Commission.  Any forward-looking information presented herein is made only as of the date of this press release, and we do not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.

SOURCE Phoenix American Hospitality

These press releases may also interest you

at 18:25
Finning International Inc. ("Finning" or the "Company" or "we", "our" or "us") reported second quarter 2020 results today. All monetary amounts are in Canadian dollars unless otherwise stated. HIGHLIGHTSAll comparisons...

at 18:25
Rayonier Advanced Materials Inc. (the "Company") reported a loss from continuing operations for the quarter ended June 27, 2020 of $13 million or $0.20 per diluted share, compared to a loss of $19 million or $0.46 per diluted share for the same...

at 18:22
Owl Rock Capital Corporation today reported net investment income of $129.2 million, or $0.34 per share, and net income of $303.6 million, or $0.79 per share, for the second quarter ended June 30, 2020. Reported net asset value per share was $14.52...

at 18:17
Mile High Labs, a leading processer of hemp-derived cannabinoids, announced the close of a Series B equity financing round from renowned American entrepreneur John Paul DeJoria. This funding is a resounding vote of confidence in the Company and its...

at 18:15
InterRent Real Estate Investment Trust (the "REIT") is pleased to announce the voting results from its 2020 Annual Meeting (the "Meeting") of unitholders held online on August 4, 2020 via live webcast. Each of the matters voted upon at the Meeting...

at 18:06
Continuing their commitment to new technologies, Derek Stevens' family of casinos are expanding their rollout of Automated Cashless System's PlayOn Cashless Table Game Solution to Circa Resort & Casino (Circa). Already available at the D Las Vegas,...

News published on 13 july 2020 at 15:32 and distributed by: