American Hotel Income Properties (AHIP) has acquired a 70-room hotel in Fort Scott, Kansas for a total purchase price of $3.31m.

The Fort Scott Property will be now managed by TR Lodging Enterprises, a subsidiary of O’Neill Hotels & Resorts.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all
"I am pleased to announce the completion of this acquisition, which diversifies our client base and builds on our platform."

AHIP CEO Rob O’Neill said: "I am pleased to announce the completion of this acquisition, which diversifies our client base and builds on our platform as the largest and highest quality chain of rail-crew lodging properties in the US."

The aggregate purchase price includes planned capital expenditures, and excludes closing and post-acquisition adjustments.

The property was secured by a rail-crew lodging contract with a US rail firm.

With the latest development, AHIP’s portfolio comprises 79 hotels with a total of 6,891 rooms. This includes 44 rail-crew hotels with a total of 3,561 rooms, and 35 branded hotels with a total of 3,330.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In June, AHIP completed the acquisition of nine branded select-service hotel properties for $53.5m.

These properties are franchised by Hilton Hotels & Resorts, Carlson Rezidor Hotel Group and InterContinental Hotels Group. They are spread across five states and offer a total of 632 rooms.