Home Alts News American Hospitality Properties REIT Declares Special Dividend

American Hospitality Properties REIT Declares Special Dividend

The board of American Hospitality Properties REIT Inc., a Regulation A real estate investment trust sponsored by Phoenix American Hospitality, has declared a special cash dividend.

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The board of American Hospitality Properties REIT Inc., a Regulation A real estate investment trust sponsored by Phoenix American Hospitality, has declared a special cash dividend of $0.20 per share of its common stock. The dividend will be paid on November 15, 2021 to stockholders of record as of October 31, 2021.

“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,” said W.L “Perch” Nelson, chairman and chief executive officer.

American Hospitality Properties REIT invests primarily in the acquisition and management of “premium branded” hotels and other real estate-related assets either secured by or related to hotel properties in the United States. As of June 30, 2021, the company has sold $4.8 million in shares of its common stock.

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