NEW YORK, July 22, 2013 /PRNewswire/ -- OTC Markets
Group Inc. (OTCQX: OTCM), operator of Open, Transparent and
Connected financial marketplaces, today announced that American
Hotel Income Properties REIT LP (OTCQX: AHOTF; TSX: HOT.UN), a
limited partnership that was established to indirectly own and
acquire hotel properties primarily in the
United States, has been approved to trade on OTCQX®, the
best marketplace with qualified companies.
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American Hotel Income Properties REIT LP began trading today on
OTCQX International, a segment of the OTCQX marketplace reserved
for high-quality non-U.S. companies that are listed on a qualified
international exchange, undergo management reviews and provide
their home country disclosure to U.S. investors. U.S.
investors can find current financial disclosures and Real-Time
Level 2 quotes for the company on www.otcmarkets.com.
"We are pleased to welcome American Hotel Income Properties REIT
LP to OTCQX," said R. Cromwell
Coulson, President and CEO of OTC Markets Group.
"OTCQX provides qualifying companies like American Hotel Income
Properties REIT LP the ability to distinguish themselves in the
U.S. market and increase their visibility with traders, investors,
analysts and the media through high-quality disclosure, transparent
trading and ease of access to company information. We look
forward to supporting the management team at American Hotel Income
Properties REIT LP as they continue to grow the company and provide
a robust public market for their Limited Partnership Units."
"Qualifying for OTCQX is an important milestone for American
Hotel Income Properties REIT LP and demonstrates our commitment to
providing our U.S. investors convenient access to the same timely
news and information enjoyed by investors in Canada, our home market," said Rob O'Neill, Chief Executive Officer of American
Hotel Income Properties REIT LP.
Dorsey & Whitney will serve as American Hotel Income
Properties REIT LP's Principal American Liaison ("PAL") on OTCQX,
responsible for providing professional guidance on OTCQX
requirements and U.S. securities laws.
American Hotel Income Properties REIT LP was established to
indirectly own and acquire hotel properties primarily in
the United States. The
initial portfolio is comprised of 32 high-quality hotel properties
that provide railway crew accommodation and 24-hour food service in
19 states. The initial portfolio is a platform for growth in
the transportation-focused lodging sector.
The company trades in the U.S. on OTCQX under the symbol
"AHOTF."
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open,
Transparent and Connected financial marketplaces for 10,000 U.S.
and global securities. Through our OTC Link® ATS, we directly link
a diverse network of broker-dealers that provide liquidity and
execution services for a wide spectrum of securities. We organize
these securities into marketplaces to better inform investors of
opportunities and risks – OTCQX®, The Best Marketplace with
Qualified Companies; OTCQB®, The Venture Stage Marketplace with
U.S. Reporting Companies; and OTC Pink®, The Open Marketplace with
Variable Reporting Companies. Our data-driven platform enables
investors to easily trade through the broker of their choice at the
best possible price and empowers a broad range of companies to
improve the quality and availability of information for their
investors. To learn more about how we create better informed and
more efficient financial marketplaces, visit
www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and
SEC regulated ATS.
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SOURCE OTC Markets Group Inc.