08:47 AM EDT, 07/19/2024 (MT Newswires) -- American Hotel Income Properties REIT (HOT-UN.TO, HOT-U.TO) on Friday reported a dispute with hotel manager ONE Lodging Holdings, a subsidiary of Aimbridge Hospitality, over its mismanagement of AHIP's hotel portfolio.

Earlier this month, American Hotel Income Properties (AHIP) delivered a notice of default to Aimbridge over its management failures, arising from a lack of leadership consistency and recurring organizational instability, and causing the REIT "material" economic harm.

AHIP had referred the matter to a independent expert for dispute resolution, however Aimbridge has rejected the dispute resolution process and has instead filed a civil claim in the Supreme Court of British Columbia. AHIP believes the claim is meritless and intends to "vigorously" oppose it.