AHIP makes two key appointments

American Hotel Income Properties has appointed Azim Lalani as the company's new CFO, effective April 21, at which time Robert Hibberd, the current CFO, will assume the newly created position of EVP.

"Mr. Lalani comes with highly desirable professional credentials and exceptionally relevant work experience. We are pleased to welcome him to AHIP, in addition to extending our gratitude to Mr. Hibberd for his hard work" said Rob O'Neill, CEO, who also thanked Hibberd for his contribution in establishing AHIP, including its IPO in February 2013. He welcomed him to the newly created role, with an emphasis on hotel acquisitions and public markets to continue with the execution of AHIP's growth strategy. In line with ongoing initiatives to reduce transaction costs, this increases AHIP's capacity to bring costs in-house relating to external acquisition and diligence functions.

Lalani was previously with Huntingdon Capital Corp., as SVP of operations, with responsibility for portfolio management and operations including leasing, property and asset management for both Huntingdon and FAM REIT properties across Canada. Prior to working at Huntingdon, Lalani was VP of real estate and risk management at SilverBirch Hotels & Resorts.