An anonymous trustee reports

AMERICAN HOTEL INCOME PROPERTIES REIT LP ANNOUNCES SETTLEMENT WITH ITS HOTEL MANAGEMENT COMPANY

American Hotel Income Properties REIT LP has entered into a settlement agreement with ONE Lodging Holdings LLC, a subsidiary of Aimbridge Hospitality, to resolve the previously disclosed dispute between the parties and certain of their respective subsidiaries. The settlement agreement achieves AHIP's objectives of financial relief and a specific end date for the management of AHIP's portfolio by the master hotel manager.

The settlement agreement provides for a reduction in currently deferred termination fees, a reduction in future termination fees and waiver of all deferred management fees. Under the settlement agreement, AHIP will make a one-time payment of $2.3-million to the master hotel manager to settle a current liability of $6.2-million in respect of currently deferred termination fees.

The master hotel management agreement between AHIP and the master hotel manager and all individual hotel management agreements between their respective subsidiaries that govern the management of AHIP's portfolio of properties are to be terminated on Jan. 31, 2027, subject to a three-month extension right which may be exercised by AHIP in advance. Until such date, AHIP's properties will remain under management by the master hotel manager and its subsidiaries pursuant to the master hotel management agreement and the individual hotel management agreements under their respective current terms, except as modified by the settlement agreement.

We seek Safe Harbor.