An unknown buyer entered into an agreement to acquire Hotel property in Pinehurst, North Carolina from American Hotel Income Properties REIT LP (TSX : HOT.UN) for $11.7 million in March 2023. The transaction is expected to close in the second quarter of 2023.

An unknown buyer completed the acquisition of Hotel property in Pinehurst, North Carolina from American Hotel Income Properties REIT LP (TSX : HOT.UN) in June 2023.