AHIP Q3 revenue drops 41% as hotel sales shrink the portfolio
US hotel REIT AHIP reported Q3 revenue down 41% after property sales, while same-property RevPAR and NOI climbed, according to Reuters.
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what happened
According to Reuters, the US hotel REIT's third-quarter revenue fell 41% year on year, mainly because it sold hotels in 2025 and 2026. On a same-property basis the picture was stronger: RevPAR climbed 11.7% and net operating income rose 23.5%. The company credited better market conditions, notably demand from retail guests and government travel.
The strategic review is still under way, and further asset sales are possible. The company expects to close the sale of nine hotels for $137.3 million in the fourth quarter of 2026 and the first quarter of 2027, with proceeds earmarked for redeeming Series C Shares and Debentures. Higher labour, utility and maintenance costs partly offset the revenue gains.
why it matters
For the wider market this is routine quarterly reporting from a small REIT. The news matters mainly to AHIP's shareholders and debt holders, since the sales should lift liquidity and reduce debt, with no clear read-across to the sector as a whole.
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sources
- American Hotel Income Properties Q3 revenue falls 41% due to hotel property sales — Reuters, 13 November 2026 at 23:48 UTC
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