American Hotel Income Properties REIT Securities Investigation
Concerned about your investment in American Hotel Income Properties REIT?
Are you concerned about your investment in American Hotel Income Properties REIT Inc.? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim against the brokerage firm that sold you the investment.
American Hotel Income Properties REIT LP (“AHIP”) invests in hotel real estate properties located in the United States and is actively engaged in growing a portfolio of premium branded, select-service hotels in larger secondary markets.
According to SEC filings, the company filed a Form D to raise capital from investors through the offering American Hotel Income Properties Inc. in 2014. According to the filings, the offering type was equity. The sales compensation recipient was purportedly H & L Equities LLC, according to the Reg D.
Hospitality REITs such as AHIP are reportedly suffering due to the negative impact of the Covid-19 global pandemic.
According to a press release this week, 60 of AHIP’s 79 hotels (76%) are currently open for business, generating revenue and serving guests in compliance with government health guidelines. The Company has reportedly made the decision to temporarily suspend guest operations at four properties and consolidate operations from 15 hotels into other adjacent AHIP hotels, due to reduced occupancy levels in those regions and to gain operating efficiencies. While these properties will remain staffed with minimal employees to ensure their maintenance and security, they will not be accepting guest reservations for at least the next 30 days.
The White Law Group is investigating potential securities claims involving FINRA registered brokerage firms who may have unsuitably recommended high risk investments such as American Hotel Income Properties REIT to investors.
Broker dealers are required to perform adequate due diligence on any investment they recommend. They must ensure that all recommendations are suitable for the investor. Recommendations should be in line with the investor’s age, risk tolerance, net worth, and investment experience.
Free Consultation with a Securities Attorney
If you are concerned about your investment in American Hotel Income Properties REIT the White Law Group may be able to help you. To speak with a securities attorney about your options, please call The White Law Group at 888-637-5510 for a free consultation.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee.
For more information on The White Law Group and its representation of investors in FINRA arbitration claims, visit https://www.whitesecuritieslaw.com.