Mr. John O'Neill reports

AMERICAN HOTEL INCOME PROPERTIES REIT LP ANNOUNCES REVIEW OF STRATEGIC ALTERNATIVES

American Hotel Income Properties REIT LP's board of directors has initiated a review of strategic alternatives to maximize unitholder value. During the strategic review, the board will analyze and evaluate a range of alternatives. American Hotel has retained Robert W. Baird & Co. Inc. as financial adviser to advise American Hotel in connection with its strategic review.

"AHIP has been making good progress on our plan to sell assets, reduce debt and strengthen our balance sheet," said John O'Neill, chief executive officer of American Hotel. "As dispositions completed in 2025 and 2026 to date continue to demonstrate value for our portfolio beyond AHIP's current unit price, the board is exploring strategic alternatives to bridge that gap."

American Hotel has not established a definitive timeline to complete the strategic review or any potential transaction, and no decisions have been reached at this time. There can be no assurance that the engagement of Baird or the strategic review will result in any transaction or initiative or, if a transaction or initiative is undertaken, as to the terms or timing of such a transaction or initiative. American Hotel does not currently intend to disclose further developments in connection with or arising from the strategic review or in connection with any transaction, initiative or related matter, unless and until it is determined that disclosure is necessary or appropriate.

About American Hotel Income Properties REIT LP

American Hotel is a limited partnership formed to invest in hotel real estate properties across the United States. American Hotel's portfolio of premium branded, select-service hotels are located in secondary metropolitan markets that benefit from diverse and stable demand. American Hotel hotels operate under brands affiliated with Marriott, Hilton and IHG Hotels through licence agreements.

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