American Hotel Income Properties REIT LP (TSX:HOT.UN) entered into an agreement to acquire Embassy Suites Columbus Dublin, Embassy Suites Cleveland Rockside and Embassy Suites Cincinnati Rivercenter from Eagle Hospitality Properties Trust Inc. for approximately $120 million on December 8, 2016. The transaction will be funded using proceeds from American Hotel Income's recently announced bought deal offering of units in the amount of $58.3 million and a $65 million commercial mortgage backed securities loan. The deal is subject to customary closing conditions and is expected to close on January 19, 2017. The transaction is expected to be immediately accretive to adjusted funds from operations per unit. Sandra Y Kellman of DLA Piper LLP (US) acted as legal advisor for the seller and Duncan J. Reid of Farris, Vaughan, Wills & Murphy LLP acted as legal advisor for American Hotel Income Properties REIT Inc. American Hotel Income Properties REIT LP (TSX:HOT.UN) completed the acquisition of Embassy Suites Columbus Dublin, Embassy Suites Cleveland Rockside and Embassy Suites Cincinnati Rivercenter from Eagle Hospitality Properties Trust Inc. on January 19, 2017.