BRIEF-American Hotel to acquire 4 branded hotels in Florida and Tennessee for $47 mln
Sept 30 (Reuters) - American Hotel Income Properties Reit Lp
* Announces acquisition of four branded, select-service hotels in Florida and Tennessee for U.S. $47.0 million
* Says investment is expected to be immediately accretive to adjusted funds from operations per unit
* Acquisition properties will be managed for AHIP by its exclusive hotel manager, Tower Rock Hotels & Resorts Inc
* Purchase price does not include U.S. $2.8 million for completion of brand-mandated property improvement plans
* Will fund purchase price, using combination of cash on hand and new commercial mortgage backed securities loan Source text for Eikon: Further company coverage:
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