The Support Agreement provides for, among other things, the right of the
“We are pleased to have the support of one of our most significant securityholders and look forward to having Josef join our Board following the annual meeting of our unitholders in June,” said
Commenting on his nomination,
The Support Agreement also provides the
ABOUT AMERICAN HOTEL INCOME PROPERTIES RET LP
FORWARD-LOOKING INFORMATION
Certain statements in this news release may constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking information generally can be identified by words such as “anticipate”, “believe”, “continue”, “expect”, “estimates”, “intend”, “may”, “outlook”, “objective”, “plans”, “should”, “will” and similar expressions suggesting future outcomes or events. Forward-looking information includes, but is not limited to, statements made or implied relating to the objectives of AHIP, AHIP’s strategies to achieve those objectives and AHIP’s beliefs, plans, estimates, projections and intentions and similar statements concerning anticipated future events, results, circumstances, performance, or expectations that are not historical facts. Forward-looking information in this news release includes, but is not limited to, statements with respect to: the expected timing of the Meeting; the election of the K2 nominee to the Board; and AHIP’s stated long-term objectives.
Although the forward-looking information contained in this news release is based on what AHIP’s management believes to be reasonable assumptions, AHIP cannot assure investors that actual results will be consistent with such information. Forward-looking information is based on a number of key expectations and assumptions made by AHIP, including, without limitation: the Meeting will be held in accordance with the currently contemplated timing; the nominees for election at the Meeting will be elected to the Board; there will be no third-party nominees put forward for election to the Board at the Meeting or the 2024 Meeting; the parties will comply with their obligations under the Support Agreement; and AHIP will achieve its long-term objectives.
Forward-looking information involves significant risks and uncertainties and should not be read as a guarantee of future performance or results as actual results may differ materially from those expressed or implied in such forward-looking information, accordingly undue reliance should not be placed on such forward-looking information. Those risks and uncertainties include, among other things, risks related to: the Meeting may not be held in accordance with the currently contemplated timing; management and K2 nominees may not be elected to the Board at the Meeting or the 2024 Meeting; there may be third-party nominees put forward for election at the Meeting and the 2024 Meeting who may be elected to the Board; and AHIP may not achieve its long-term objectives. Management believes that the expectations reflected in the forward-looking information are based upon reasonable assumptions and information currently available; however, management can give no assurance that actual results will be consistent with the forward-looking information contained herein. Additional information about risks and uncertainties is contained in AHIP’s management’s discussion and analysis for the year ended
The forward-looking information contained herein is expressly qualified in its entirety by this cautionary statement. Forward-looking information reflect management's current beliefs and is based on information currently available to AHIP. The forward-looking information is made as of the date of this news release and AHIP assumes no obligation to update or revise such information to reflect new events or circumstances, except as may be required by applicable law.
For additional information, please contact:
Chief Financial Officer
ir@ahipreit.com
Source: American Hotel Income Properties
2023 GlobeNewswire, Inc., source