Midland Times

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Business

LEGACY RESERVES: Financial Restructuring Completed

Legacy Reserves Inc. ("Legacy") and certain of its subsidiaries (collectively, the "Company") announced today that it has emerged from chapter 11, successfully completing its financial restructuring and implementing the Company's confirmed plan of reorganization (the "Plan").


Business

AMERICAN HOTEL INCOME PROPERTIES: Agrees to Acquire 12 Premium Branded Hotels for $191.0 Million, Including 2 in Midland

American Hotel Income Properties REIT LP ("AHIP", the "Company") (TSX: HOT.UN, TSX: HOT.U, TSX: HOT.DB.U) is pleased to announce that it has reached a definitive agreement (the "Definitive Agreement") to acquire a portfolio of 12 well-maintained Premium Branded hotels (the "Acquisition") for $191.0 million excluding closing and post-closing adjustments.