American Hotel Income Properties completes $2.3m renovation

American Hotel Income Properties REIT LP announced on November 1 that it has completed approximately US$2.3 million of renovations at its Embassy Suites Cincinnati, located across the river from downtown Cincinnati in Covington, Kentucky.

“This is the second of three Embassy Suites hotels we are renovating this year, to modernize these properties and better cater to today's business and leisure travellers. In total, US$10.4 million of pre-funded capital has already been invested in, or allocated to, upgrading these three Embassy Suites hotels during 2018,” said John O'Neill, CEO. “As some of the most notable and newly renovated hotels in our portfolio, we believe our Embassy Suites hotels are extremely well positioned to generate improved earnings and increased market share in the years ahead.”

Key aspects of the Embassy Suites Cincinnati renovation project included updates to all 227 guestrooms, where new bathrooms, TV units, furnishings and artwork were installed. In addition, significant renovations occurred in most common areas of the hotel. The atrium was completely rebuilt with a new bar, breakfast buffet, E'terie 24-hour market, communal seating areas and digital docking tables—where business travelers can work with colleagues within the comfort of a lounge area. The atrium bar now offers additional seating capacity, to better facilitate the expanded menu offering at the hotel, and the hotel’s breakfast room was remodeled, to provide a larger buffet area and more elegant finishings. In addition, the corridors of the hotel were all updated with new carpeting, light fixtures and paint.

The Embassy Suites Columbus in Dublin, Ohio is currently undergoing US$2.9 million of similar renovation work, and is expected to be completed during the fourth quarter. US$5.2 million of renovations at the Embassy Suites DFW South, Irving, TX were completed in August 2018. AHIP expects to begin similar renovation work at its Embassy Suites properties in Tempe (Phoenix), Arizona, and Independence (Cleveland), Ohio, in the future.

Most Embassy Suites by Hilton hotels are undergoing a significant design refresh. The redesign of atriums and the enhanced bar offering not only provides more options for guests to socialize within the hotel, but also provide hotel owners with opportunities to grow food and beverage related revenues.

Source: American Hotel Income Properties REIT LP

Image courtesy of CNW Group/American Hotel Income Properties REIT LP

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