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American Hotel Income Properties REIT LP Updates On Initial Public Offering-Canada Stockwatch


Thursday, 14 Feb 2013 07:00pm EST 

Canada Stockwatch reported that American Hotel Income Properties REIT LP will begin trading on the Toronto Stock Exchange (TSX) as an industrial issuer at the open on February 20, 2013, according to the TSX. As in the February 12, 2013, prospectus for its Initial Public Offering, American Hotel plans to sell 8.7 million units at $10 each, raising $87 million. It has granted the underwriters an overallotment option to buy up to 1,305,000 more units at the issue price for 30 days from the closing of the offering. The REIT was formed to indirectly own and acquire hotel properties in the United States. 

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