Revenue increase of 32.2% to $61.8 million in Q1 2022 compared to $46.7 million in the same period of 2021 - Income from operating activities of $6.7 million for the quarter was higher than the $3.6 million for the same quarter in 2021
RevPAR in Q4 2021 improved by 56.1% to $73.76, compared to $47.25 in Q4 2020
Revenues increased to $68.4 million compared to $63.6 million in Q2 2021 - Q3 ADR of $118.49 matched Q3 2019 levels, Occupancy of 68.8% & RevPAR of $81.50
Q2 2021 diluted FFO per unit of $0.14; increasing from ($0.03) per unit in Q1 2021 - Q2 2021 Occupancy of 70.0% vs 60.2% in Q1 2021; Q2 2021 RevPAR of $76.53 vs $57.01 in Q1 2021
Mr. Beatty was previously the Chief Financial Officer of Northview Apartment REIT from 2016 to 2020. Northview was a Canadian public REIT focused on owning and managing multi-family residential units across Canada.
Revenues for the fourth quarter decreased 48.2% to $39.4 million (Q4 2019 – $76.1 million), as a result of lower demand levels resulting from the ongoing impact of COVID-19 and from portfolio changes between periods.
Revenues for the quarter decreased 47.7% to $46.3 million (Q3 2019 – $88.5 million) as a result of lower demand due to the significant impact of COVID-19 and portfolio changes between periods. On a sequential basis, revenue for the quarter increased 69.8% from Q2 2020.
Mr. Korol comes to his new role from SilverBirch Hotels & Resorts where he has been President since February 2017. At SilverBirch, Jonathan oversaw one of Canada's largest hotel owner/operators with a portfolio of close to 5,000 guest rooms operated under internationally recognized brands.
American Hotel Income Properties REIT LP (TSX: HOT.UN, HOT.U, and HOT.DB.U) announced today that it has closed the previously announced sale of its 86-room Wingate Tampa property for gross proceeds of US$7.5 million.
Revenues for the quarter decreased 69.7% to $27.3 million (Q2 2019 – $90.0 million) as a result of lower demand due to the significant impact of COVID-19 and portfolio changes between periods.