AMERICAN HOTEL (TSE:HOT.UN)
TSX:HOT.UN
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AMERICAN HOTEL
(TSX:HOT.UN)
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Select Model
Rating:43Neutral
Price Target:
C$0.45
▼(-2.39% Downside)
Action:ReiteratedDate:04/10/26
The score is driven down primarily by very weak financial performance (persistent losses, negative equity, and deteriorating 2025 operating/free cash flow). Technicals are neutral and provide limited support, while valuation is constrained by a loss-making profile (negative P/E) and no stated dividend yield.
Positive Factors
U.S. hotel portfolio focus (select-service & extended-stay)
Concentrated ownership of U.S. select-service and extended-stay hotels gives durable exposure to business and leisure travel recovery. These segments often have lower operating complexity and steady room revenue, supporting long-term NOI stability as travel demand normalizes.
Negative Factors
Deeply negative equity and high leverage
Deeply negative equity materially constrains financial flexibility and borrowing capacity and may trigger covenant or stakeholder actions. Over months, impaired equity limits the REIT’s ability to fund capex or absorb further downturns without asset sales or dilutive capital raises.
Read all positive and negative factors
Positive Factors
Negative Factors
U.S. hotel portfolio focus (select-service & extended-stay)
Concentrated ownership of U.S. select-service and extended-stay hotels gives durable exposure to business and leisure travel recovery. These segments often have lower operating complexity and steady room revenue, supporting long-term NOI stability as travel demand normalizes.
Read all positive factors
AMERICAN HOTEL (HOT.UN) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$33.72M
Dividend YieldN/A
Average Volume (3M)65.06K
Price to Earnings (P/E)―
Beta (1Y)1.15
Revenue Growth-24.95%
EPS Growth-1.42%
CountryCA
Employees11
SectorReal Estate
Sector Strength53
IndustryREIT - Hotel & Motel
Share Statistics
EPS (TTM)-0.26
Shares Outstanding71,747,500
10 Day Avg. Volume85,568
30 Day Avg. Volume65,056
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-0.04
Price to Sales (P/S)0.10
P/FCF Ratio-11.44
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)C$185.00M
AMERICAN HOTEL Business Overview & Revenue Model
Company Description
American Hotel Income Properties REIT LP (TSX: HOT.UN, TSX: HOT.U, TSX: HOT.DB.U), or AHIP, is a limited partnership formed to invest in hotel real estate properties across the United States. AHIP's 78 premium branded, select-service hotels are lo...
How the Company Makes Money
The company makes money primarily by earning operating income generated by its U.S. hotel properties. Its key revenue stream is hotel-level room revenue (income from selling guest rooms on a nightly or longer-stay basis), which typically represent...
AMERICAN HOTEL Earnings Call Summary
Earnings Call Date:Aug 07, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:May 12, 2026
Earnings Call Sentiment Neutral
The earnings call presented a mixed picture. On the positive side, AHIP achieved record average daily rates and successfully managed debt through strategic asset dispositions. However, there were notable declines in same-store revenue, RevPAR, and NOI margins, coupled with decreased demand in government and group segments.Positive Updates
Record Average Daily Rate and RevPAR
AHIP achieved all-time highs in average daily rate and RevPAR. The RevPAR index increased by 70 basis points to almost 115% during the quarter, highlighting the success of strategic asset dispositions.
Negative Updates
Decline in Same-Store Revenue and RevPAR
Total revenue decreased by 1.7% and RevPAR finished at $108, a 2.3% decrease compared to Q2 2024, driven by contractions in the government and group segments.
Read all updates
Q2-2025 Updates
Positive
Negative
Record Average Daily Rate and RevPAR
AHIP achieved all-time highs in average daily rate and RevPAR. The RevPAR index increased by 70 basis points to almost 115% during the quarter, highlighting the success of strategic asset dispositions.
Read all positive updates
Company Guidance
During the second quarter of 2025, American Hotel Income Properties REIT LP (AHIP) achieved record highs in average daily rate and RevPAR, with a RevPAR index increase of 70 basis points to nearly 115%. Despite these achievements, same-store total revenue for AHIP's 38 hotels decreased by 1.7%, and RevPAR fell by 2.3% to $108 compared to Q2 2024. The decline was attributed to reduced demand from government and group segments and challenging comparisons to exceptional demand in the previous year. The NOI margin decreased by 157 basis points to 33.8%. To strengthen its financial position, AHIP sold 16 hotel properties in 2024 for $165.2 million and 11 properties in the first half of 2025 for $73.5 million, with eight sales in Q2 at a 6.9% cap rate. As of mid-2025, AHIP has no secured debt maturing until late 2026, and further dispositions are planned. The company has purchased nearly 2 million units under a normal course issuer bid, reflecting its view that units are trading below asset value.AMERICAN HOTEL Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
10
Very Negative
Cash Flow
22
Negative
| Breakdown | Dec 2025 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 191.07M | 256.88M | 280.52M | 281.37M | 241.31M |
| Gross Profit | 6.14M | 73.42M | 83.37M | 40.33M | 45.83M |
| EBITDA | -15.17M | 32.48M | -7.13M | 37.12M | 81.91M |
| Net Income | -75.26M | -46.98M | -81.49M | -39.64M | -15.61M |
Balance Sheet | |||||
| Total Assets | 469.75M | 685.11M | 954.89M | 1.05B | 1.15B |
| Cash, Cash Equivalents and Short-Term Investments | 52.54M | 27.84M | 17.80M | 12.95M | 14.70M |
| Total Debt | 272.48M | 431.63M | 645.66M | 688.44M | 738.85M |
| Total Liabilities | 364.87M | 501.09M | 721.94M | 730.69M | 775.89M |
| Stockholders Equity | -559.25M | 138.92M | 189.38M | 278.54M | 331.03M |
Cash Flow | |||||
| Free Cash Flow | -1.73M | 631.00K | 5.56M | 16.66M | 11.74M |
| Operating Cash Flow | -1.73M | 10.70M | 29.70M | 44.91M | 17.95M |
| Investing Cash Flow | 151.80M | 155.19M | 2.69M | 15.30M | -18.63M |
| Financing Cash Flow | -141.36M | -155.85M | -28.63M | -61.96M | -4.34M |
AMERICAN HOTEL Technical Analysis
Positive
0.46
Price Trends
0.47
Positive
0.44
Positive
0.42
Positive
Market Momentum
>-0.01
Negative
51.63
Neutral
22.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:HOT.UN, the sentiment is Positive. The current price of 0.46 is below the 20-day moving average (MA) of 0.47, below the 50-day MA of 0.47, and above the 200-day MA of 0.42, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 51.63 is Neutral, neither overbought nor oversold. The STOCH value of 22.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:HOT.UN.
AMERICAN HOTEL Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | C$7.02B | 200.42 | 1.99% | 3.00% | 28.05% | 662.10% | |
62 Neutral | C$5.58B | 29.80 | 2.22% | 4.20% | -6.51% | -81.28% | |
61 Neutral | C$2.01B | 69.28 | 0.93% | 4.42% | 6.19% | 79.98% | |
57 Neutral | C$648.77M | -3.53 | 7.26% | 3.87% | -1.21% | ― | |
43 Neutral | C$33.72M | -0.26 | ― | ― | -24.95% | -1.42% |
* Real Estate Sector Average
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.