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American Hotel Income Properties REIT LP announced a leadership change as John O’Neill stepped in as the new Chief Executive Officer. The company confirmed that Jonathan Korol resigned from the role earlier this week, leading to an immediate transition. AHIP, which owns a portfolio of select-service hotels across the United States and is listed on the Toronto Stock Exchange, stated that the change was put in place without delay to ensure continuity in management. The appointment marks a significant shift for the REIT, which has undergone several operational adjustments over recent years to strengthen its performance.
American Hotel Income Properties REIT LP, listed on the Toronto Stock Exchange, announced a major management shift as John O’Neill was appointed Chief Executive Officer with immediate effect. The company said the decision followed the resignation of outgoing CEO Jonathan Korol earlier this week. AHIP added that this transition was implemented right away to maintain stability in its leadership structure. Advertisement
The REIT, which owns a portfolio of select-service hotels across the United States, has seen periodic leadership and operational updates over the past few years as it continued to refine its strategy in the hospitality sector. The latest change marks another step in that process.
According to the company, the leadership handover ensures that ongoing business activities remain unaffected and allows the new CEO to take charge without delay. While no additional details were provided about the circumstances of Korol’s exit, AHIP noted that the appointment of O’Neill was intended to support its current business direction.
Further updates from the company are expected as O’Neill settles into the role and outlines his priorities for the REIT’s next phase of operations.
Source Reuters
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