An unknown buyer entered into an agreement to acquire Hotel property in Pinehurst, North Carolina from American Hotel Income Properties REIT LP (TSX : HOT.UN) for $11.7 million.

An unknown buyer entered into an agreement to acquire Hotel property in Pinehurst, North Carolina from American Hotel Income Properties REIT LP (TSX : HOT.UN) for $11.7 million in March 2023. The transaction is expected to close in the second quarter of 2023.