American Hotel Income Properties REIT LP (HOT) 2023年CSR報告「TSX」.pdf

1、Corporate Responsibility and Sustainability ReportJune 2,2023Table of Contents1)Overview32)Environmental Sustainability133)Social Responsibility244)Governance33Cover:Residence Inn by Marriott-St.Paul WoodburyAll photos used in this report are from Unsplash2TownePlace Suites by Marriott Pittsburgh1)O

2、verview41)Average age represents years since hotels were built or last renovated.Hotel Portfolio OverviewAn attractive portfolio of premium branded,select service hotels located in U.S.secondary marketsPremium Branded Select-Service Hotels Geographically DiversifiedSuburban Drive-to LocationsAffilia

3、tion with Leading Global Hotel BrandsHigh-Quality Portfolio71hotels8,024keys22states48citiescore brand families14brand flags6 years(1)average age$130 millioncapex since IPO5Geographically Diverse PortfolioNote:Percent of current portfolio for each state based on contribution to 2022 NOI from AHIP pr

4、operties located in the state.NOI is a non-IFRS measure.Refer to the Non-IFRS Measures section in Appendix B for more information on each non-IFRS financial measure.1)Breakdown by number of keys.Source:Company dataSuburban56%Interstate16%Small Metro14%Airport12%Urban3%Select Service53%Extended Stay3

5、0%Embassy Suites16%Select-Service Properties0100 milesPropertyType(1)Geographic Breakdown by RoomTX12%Location Type Breakdown(1)Extended Stay PropertiesTX15%FL14%MD13%NJ9%PA8%Other24%OH7%NC6%VA5%FL16%MD14%NJ10%PA9%Embassy Suites PropertiesA 5.3 m sq ft hotel real estate portfolio,with an average pro

6、perty size of 75,000 sq ft 6A Message from our CEOTo Our Unitholders,Since AHIP published its inaugural Corporate Responsibility and Sustainability report last year,our team has been busy advancing the commitments that were made to our various stakeholders.I am pleased to be able to introduce this y

7、ears report,and am very proud of the dedication of my colleagues to uphold the highest environmental,social and governance(ESG)standards at our company.As an owner of a large and geographically diverse portfolio of hotel assets in the United States,we are mindful of our environmental footprint and a

8、re committed to reducing its impact over time.In 2022,we signed an agreement with an external party which will enable us to set a baseline and report emissions Key Performance Indicators(KPIs)in 2023.Reporting energy,water and waste KPIs as wellas establishing a baseline is a priority such that we c

9、an set emissions reduction goals and communicate environmental performance to our stakeholders.In 2022,our employees came together to launch our preferred charity program.We actively encourage employee participation inlocal volunteering initiatives and are mindful of the intrinsic and extrinsic bene

10、fits to our team and our communities.In 2022 we organized two company wide volunteering days,giving our team a chance to participate in events to raise funds for our charity partners.AHIP continues to be committed to the principles of diversity,equity and inclusion.In an effort to improve gender div

11、ersity,our Board recently announced its intention to appoint an additional Board member by year end 2023.When hiring for senior management and non-executive Board roles,we ensure that the candidate pool includes a diverse array of backgrounds.Our ESG initiatives continue to be guided by an internal

12、committee seeded by individuals in each of our departments asset management,finance and investments.Our Board of Directors Nominating,Governance&Sustainability Committee provides Board oversight of our sustainability efforts.In addition,the progress that we will share in the coming pages would not b

13、e possible if not for theeffort and cooperation of our brand partners,hotel manager,vendors and hotel guests.It is very gratifying to see all levels of our organization,unified with our external stakeholders on a worthy shared goal.Sincerely,Jonathan KorolOur Mission and Vision7Our Mission and Visio

14、n inform our refreshed strategic plan and sustainability frameworkMISSIONWe are a proud and dynamic hotel investment and asset management company creating value for our unitholdersVISIONTo be a respected and renowned steward of capital for hotel investorsOur Values8Our values were collectively forme

15、d by our employees and govern our day-to-day decision makingVALUESWe create a merit-based culture by providing opportunities for personal growth and developmentWe achieve excellenceby being accountable,responsible,and trustworthyWe foster collaborationby treating each other with empathy and respectW

16、e demonstrate tenacityby overcoming challenges and embracing opportunitiesOur Approach to Sustainability9Our Commitment to SustainabilityWe are committed to improving the well-being of our stakeholders.Our sustainability framework achieves this aim by focusing on the key themes of Environmental Sust

17、ainability,Social Responsibility and Corporate Governance.This framework is aligned with our strategic plan and governs how we conduct our business.Our Sustainability StrategyOur sustainability strategy enables long term value creation for our stakeholders through disciplined investment into ESGinit

18、iatives.To assess which initiatives would have the greatest impact on our business,we created an ESG committee with oversight from our Nominating,Governance,and Sustainability Committee.The committee sets AHIPs ESG goals,monitors the businesss performance against said goals and advises means by whic

19、h AHIPs ESG framework can be improved.Representatives from each of our business divisions sit on the committee,providing the greatest diversity of thought and expertise to innovate upon our ESG framework.We are committed to achieving our goals through stakeholder engagement,responsible investment,an

20、d active asset management.Stakeholder Engagement 10We identify stakeholders and prioritize our engagement activities based on our business model and potential degree of influenceStakeholderStakeholder TypeEngagement Methods and InfluenceUnit Holders and AnalystsDirectWe report ESGperformance through

21、 our investor presentation,corporate website,and Corporate Responsibility and Sustainability Report.We engage with the investment community by hosting analyst meetings,investor days and attending industry conferences.Third-Party Hotel Management CompanyDirectAs a public Canadian lodging REIT,we part

22、ner with Aimbridge Hospitality(“Aimbridge”),a leading hotel management company.Aimbridge manages the day-to-day operations of our hotels.AHIPs Asset Management function supports the ESG initiatives implemented by Aimbridge.We are working with Aimbridge to optimize our sustainability performance and

23、achieve our ESG goals.Hotel BrandsDirect&IndirectWe align our operations and long-term goals with the sustainability initiatives established by our brand partners including on topics such as water conservation,energy efficiency,and waste reduction.We attend industry events and meet with brand repres

24、entatives to better understand their ESGprograms and stay at the forefront of their sustainability initiatives.Our CEO is a Hampton Inn global brand advisory council member.Hampton Inn is Hiltons largest brand by number of hotels.Stakeholder Engagement 11StakeholderStakeholder TypeEngagement Methods

25、 and InfluenceSuppliersDirect&IndirectOur direct supply chain consists of Aimbridge and our corporate office suppliers of equipment,supplies,and professional services.Our indirect supply chain consists of Aimbridges suppliers.In partnership with Aimbridge,we are developing a Vendor Code of Conduct w

26、hich will formalize the standards with which we conduct business with suppliers.Industry AssociationsDirectWe are a member of the America Hotel&Lodging Association(AHLA)and Real Property Association of Canada(REALPAC).We have nominated an employee to represent AHIP on the AHLA Sustainability Committ

27、ee.Hotel GuestsIndirectOn a day-to-day basis,Aimbridge directly manages and interacts with guests at our hotels.Satisfaction and guest experience is monitored through our brand partners guest experience surveys.This feedback is reviewed by AHIPs Asset Management team and used to inform investment de

28、cisions aimed at improving guest experience.Corporate EmployeesDirectWe engage with our corporate employees through manager one-on-ones,weekly meetings,and annual reviews.Our culture is aligned to our mission,vision and values.All employees are welcome to join our ESGCommittee as well as participate

29、 in our volunteering and charitable partnership program events.CommunitiesDirect&IndirectWe engage with our local communities through our volunteering&charitable partnership program.The ESG committee selects our preferred charity partners and organizes events to raise money for these charities.We ho

30、st an annual company wide volunteering day aimed at giving back to our local community.Our employees are encouraged to be involved in their local community and are enabled to do so by our flexible approach to work.2022/23 Sustainability Highlights121.Held cross departmental ESG Committee meetings2.R

31、eported ESG performance to the Nominating,Governance,&Sustainability Committee3.100%of corporate employees completed cybersecurity awareness training 1.Committed to appointing an additional female board member by year-end 20232.Supported a local charity by completing two volunteering activities 3.Im

32、plemented a remote work policy1.Signed an agreement with Schneider Electric to enable the reporting of Energy and Water emissions data2.Endorsed AHLAs Responsible Stay principles3.Rolled out a shower bulk amenities programENVIRONMENTALSOCIALGOVERNANCEWhile proud of the progress made,we are dedicated

33、 to continual improvement and have set and committed to achieving our ESG goals Courtyard by Marriott Bismarck2)Environment SustainabilityOur approach to Environmental Sustainability focuses on the key themes of energy,water,waste and sustainable sourcingCourtyard by Marriott BismarckEnvironment Sus

34、tainability Goals14Establish a consumption baseline for energy,water,and waste and commit to year over year improvementsAnalyze our historical consumption data and decide upon a baseline yearWork with our operating partners to form and execute upon an improvement planImplement a portfolio wide envir

35、onmental investment programUnderstand the full spectrum of value-add sustainability projects at our assetsInvest in projects with the greatest environmental benefit and return on investmentImplement a waste management program focused on reducing plastic and food waste and increasing recycling Source

36、 goods from plastic alternative supply-chains Work with third parties and charities to increase recycling participation from our operations and capital improvement projectsAlign the operations of our assets with the sustainability initiatives implemented by our brand partnersComply,and where possibl

37、e,exceed brand standards in relation to sustainability Work with Aimbridge to educate employees in how to operate assets more sustainablyDevelop an environmental policy paper and a vendor code of conduct Specify our commitment to comply with all applicable environmental regulations and continually i

38、mprove upon our environmental performance Formalize the standards with which we expect our suppliers to conduct their businessIncrease usage of energy generated from green sources at our propertiesWhere feasible,move from standard to green electricity contracts123456Our environmental sustainability

39、goals enable long term value creation for our stakeholders through cost effective investment15A Message from our COOI am proud of the progress we have made against our ESG goals and the positive impact this has had upon our stakeholders and theenvironment.It is thanks to collaborative efforts of our

40、 Asset Management team,ESG committee,and Hotel Manager as well as oversight provided by our Board that we have built an innovative ESG strategy.When formulating our environmental plan,reporting energy,water,and waste KPIs as well as establishing a consumption baseline was a key goal over the last ye

41、ar as this would enable us to communicate environmental performance to our stakeholders.The agreement we have signed with Schneider Electric will enable us to do this in addition to analyzing asset level emissions and implementingimprovement plans.In our 2023 Corporate Responsibility&Sustainability

42、Report we intend to disclose our emissions baseline and set meaningful targets for future improvements in our environmental sustainability metrics.AHIPs Asset Management team collaborates with our Hotel Manager,Aimbridge Hospitality,on the implementation of our environmental plan.Recently we have wo

43、rked together to roll out a shower bulk amenities program aimed at reducing waste as wellas integrating a piece of asset management software into our business which will improve the life cycle of our mechanical systems.Through collaborating with Aimbridge,as well as other industry partners,we contin

44、ue to identify opportunities to improve the environmental footprint of our portfolio while also enhancing our financial performance.We appreciate the work of the AHLA Sustainability Committee to support owners in improving the environmental performance of their assets.AHIP have endorsed AHLAs Respon

45、sible Stay principles and have nominated an employee to represent AHIP on the AHLA Sustainability Committee.AHIP appreciates that being strong environmental stewards of our properties will be a journey without a specific end point,and we have much work to do.We are committed to improving our propert

46、ies environmental footprint while enhancing the overall hotel experience for our guests and staff alike.Bruce PittetClimate Change,Emissions and Resource Efficiency16We are committed to improving environmental sustainability and minimizing the impact that our business operations have on the environm

47、ent.Our sustainability programs focus on:Decreasing portfolio-wide energy,water,and waste consumptionUndertaking capital projects that add value while reducing natural resource consumption and greenhouse gas emissionsSustainable investment options when renovating hotelsWe are committed to establishi

48、ng a consumption baseline for energy,water,and waste and aim to report environmental performance data in our full year 2023 Corporate Responsibility and Sustainability Report.In 2022,we signed an agreement with Schneider Electric to enable the reporting of our energy and water emissions data Additio

49、nally,a review of our sites was completed with our national waste management provider,Waste Management(“WM”).Where available and feasible,we will move accounts to WMs management Benefits of Schneider and WMs services include:Reporting Scope 1&2 emissions data and setting a consummation baselineAnaly

50、zing the impact sustainable capital projects and operating practices have upon resource consumptionDisclosing emissions data to our brand partners ESG platformsInvesting in Environmental Sustainability17AHIPs Asset Management team continuously evaluates opportunities to improve the sustainability of

51、 our portfolio.Our approach to sustainable investment involves:Working with our brands,consultants,Aimbridge and other hotel industry partners to understand all investment opportunities which will improve the environmental sustainability of our portfolioInvesting in projects with both the highest en

52、vironmental benefit and return on investment Sustainable investments are included as part of our annual capital planning process.Preventative Maintenance:Aimbridges preventative maintenance team assesses the condition of our properties and advises if defensive or replacement capex is required to pre

53、vent future operating issues.When making replacement capex decisions,the team considers the feasibility of environmental and standard options.The preventative maintenance team also complete mechanical systems repairs.In 2022,Aimbridge began an enterprise asset management software integration with Tr

54、anscendent at our properties.Transcendent enables the warehousing of mechanical systems data as well as reporting of any maintenance issues.The integration will assist the preventative maintenance team in improving the environmental efficiency of our mechanical systems,as well as their lifecycle,the

55、reby reducing waste.Energy&Renewable Energy Consumption18We are committed to reducing our carbon footprint.In addition to working with our brand partners and Aimbridge to operate our portfolio in a more efficient manner,our energy usage reduction strategy focuses on implementing our environmental in

56、vestment plan and sourcing energy from renewable sources.AHIPs asset management team continues to review opportunities to move from standard to green energy contracts.Our portfolio renewable energy consumption comprises of:13 hotels or25%of total guest rooms across 4 states consuming 100%green elect

57、ricityAs of December 2022,our portfolio is contracted to consume 17m kWh of green electricity per annumThis equates to 7,176metric tonnes1of CO2 displacement per annum or the amount of CO2 emitted by 1,5971passenger vehicles in a year1.United States Environmental Protection Agency Equivalencies Calc

58、ulatorEnergy Efficient Investments19EV ChargersThe installation of electric vehicle(EV)chargers supports the use of EVs and enables emissions reduction.We currently have 16 EV charging stations across 3 of our hotels.14 of these are third party owned.We are working with external parties to identify

59、high impact locations within the AHIP portfolio for EV chargers.ProjectsChargersCharges p.a.1vs.Last YearHoliday InnAmarillo,TX8 Tesla Charging Stations21,192+17%Residence InnCranberry,PA6 Tesla Charging Stations14,405+50%Hilton Garden InnMilford,CT2 Enel X Charging Stations95NA1.Full Year 2022Energ

60、y Efficient Investments20LED LightingLED light lighting is highly energy efficient and consumes less energy when compared to other types of bulbs.LEDs also reduce waste as they require less frequent replacement and are made with more sustainable components.AHIP has replaced both interior and exterio

61、r lighting in various properties with LEDs.These projects have provided attractive financial returns through utility and replacement cost savings.AHIP continues to monitor for opportunities to retrofit additional properties with LED lighting.1.Energy savings are based on supplier forecasts2.Projects

62、 completed at 11 AHIP properties LocationStatusAnnual Savings1ScopeRebate receivedVarious Properties 2Completed from 2021-2023NAExterior&Parking Lot LightingNoHilton Garden Inn MilfordCompleted in 202199,992 kWh$9,852Guestrooms,Common Areas&ExteriorYesResidence InnEgg HarborCompleted in 2023118,211

63、kWh$12,187Common AreasYesWater21Our approach to reducing water intensity has predominantly focused on investing in low-flow technology,landscaping,and programmable irrigation.These investments have reduced water consumption and delivered cost savings without compromising the guest experience.AHIPs A

64、sset Management team is currently reviewing landscaping projects which aim to use indigenous plants to reduce water usage.Portfolio Water Efficiency Examples:Indigenous plants Embassy Suite Tempe,AZLow-flow shower heads Embassy Suite Dublin,OHWaste&Recycling22We are committed to reducing the amount

65、of waste created through our operations.We engage with Aimbridge to support their waste reduction best practices.However,we understand the challenges posed in jurisdictions that dont have the necessary recycling infrastructure.In response to this,we have developed a waste management program which in

66、vestigates alternative waste reductions opportunities with the aim of reducing the amount of waste that our portfolio generates.Overview of our Waste Management Program.Investigating the feasibility of third-party recycling,including charitable recycling partnerships INCREASING RECYCLING PARTICIPATI

67、ONSourcing plastic alternativesInvesting in sustainable alternatives e.g.installing water stations and implementing keyless entryREDUCING SINGLE USE PLASTICSRedesigning menus,changing serving vessels,and analyzing portion sizesInvestigating community donation and compostingREDUCING FOOD WASTE1.Waste

68、 data collected for 35%of the total portfolio93%of hotels currently use shower bulk amenities,with 100%of hotels targeted to use shower bulk amenities by the end of 2023 BULK AMENITIES8.5%7.7%20212022Waste DiversionWaste Diversion1 1(percentage)Portfolio Waste Efficiency Highlights2.743.2020212022To

69、tal Waste IntensityTotal Waste Intensity1 1(kg per ocrm)Sustainable Sourcing23We work with our brand partners and Aimbridge to procure sustainable goods,materials and services for use in our business operations.We are developing a vendor code of conduct which will formalize the standards with which

70、we conduct business with our direct and indirect suppliers.Aimbridge manages the procurement process for our indirect supply chain.Vendors within our indirect supply chain must comply with Aimbridges code of conduct.Aimbridges code of conduct ensures:Suppliers comply with all relevant national and l

71、ocal laws and regulations,including those related to labor,health and safety,and the environmentSuppliers adhere to Aimbridges ethics,human rights,environmental,and transparency standardsSub contractors comply with Aimbridges code of conduct AHIPs Asset Management team regularly reviews Aimbridges c

72、ode of conduct and is kept up to date with any amendments.Home2 Suites by Hilton Midland3)Social ResponsibilityOur Social Responsibility framework focuses on our preferred employer initiatives,as well as engaging with our communities Social Responsibility Goals25Improve Board gender diversity Appoin

73、t an additional female Board member by year-end 2023Complete diversity,equity,and inclusion screening when hiring for senior management and non-executive Board rolesEnsure the candidate pool includes a diverse array of backgroundsIf necessary,extend the hiring process until a diverse pool of candida

74、tes has been screened Enhance community engagement through volunteering and charitable partnershipParticipate in events to raise funds for our charity partners Provide community support through company wide volunteering daysEncourage employee participation in local volunteering initiativesPromote a

75、culture of accessibility to senior managementSupport initiatives and workflows which enable interaction between senior management and employeesReview and improve employee engagementComplete regular line manager 1:1 as well as annual and half-year review processes Expand training and development oppo

76、rtunities for corporate employees Provide training on personal development topics Support requests for training which enables career development12345Our Social Responsibility goals enhance the benefit we create within the communities in which we live,work,and serve 6Talent Attraction,Development and

77、 Retention26Career developmentClear personal goals,competency development,and promotion pathAnnual and half-year review process Financial benefitsDiscretionary bonus:dependent on achievement of personal and company goals Unit Matching:subsidized unit purchase MentorshipRegular line-manager 1:1s Acce

78、ss to senior management through office hours Tuition reimbursementReimbursement for industry specific qualificationsESGCommittee involvementOpportunity to contribute to our ESGprogram and set our sustainability goalsOpen to all corporate employeesVolunteering and charitable partnershipInvolvement in

79、 community volunteering and events to raise money for charityAttracting,retaining,and developing best-in-class talent is core to the success of our business.The people we hire are not only exceptional in their line of work but are also are aligned to our mission,vision,and values.Our aim is to be re

80、cognized as a preferred employer,meaning we want to continue to attract high caliber employees who are motivated to succeed within our business.To achieve this,we provide our employees with a unique package of health and financial benefits,career development opportunities and workplace culture.Talen

81、t Attraction,Development and Retention Benefits and InitiativesHealth,Safety&Well-BeingHealth&WellbeingWe value the physical and mental health,safety,and well-being of our employees.We offer all corporate employees an identical package of healthcare benefits and believe that creating an environment

82、which promotes health and wellness is fundamental to the long-term success of our business.Health&SafetyWe are committed to providing a safe workplace for our employees.Our office space has an ergonomic set-up to ensure the comfort and safety of our employees.No employee work-related severe injuries

83、 or fatalities haveoccurredsince AHIPs inception.Full range of healthcare benefits Wellness supportInsurance-including Life,AD&D,and disability coverageEXTENDED HEALTH AND BENEFIT PLANS(PAID BY AHIP)Health-expenses not covered by benefits planWellness-expenses associated with mental,physical and fin

84、ancial well being ANNUAL HEALTH AND WELLNESS SPENDING ALLOWANCEAbove the statutory minimumEntitlement to paid vacation in first year of employmentANNUAL VACATION ALLOWANCEFlexible work from home policyEmployees encouraged to manage their own schedule with no mandatory start/finish timesWORK-LIFE BAL

85、ANCEHealth&Wellness Benefits and InitiativesEnables employees to spend more time with friends and family that live abroad or recharge in a different working environment REMOTE WORK ALLOWANCEFlexible policy which includes full pay for a portion of parental leave PARENTAL LEAVE27Health,Safety&Well-Bei

86、ng28Hotel EmployeesAHIPs Asset Management team regularly checks in with Aimbridge to understand the level of hotel employee engagement and ensure appropriate health and well-being standards are being maintained.Aimbridges approach to people and culture continues to include:Being an Equal Opportunity

87、 EmployerProviding structured employee performance reviews and feedback Career development opportunities,with formal and informal trainingCompleting human trafficking awareness training on an annual basisA workplace that values family,community and work-life balanceIn 2022 Aimbridge launched two new

88、 initiatives:A.W.E,an Aimbridge-led initiative aimed at elevating and supporting women through education and skills developmentAimbridge Young Professionals,an Aimbridge-led initiative aimed at empowering and providing support to younger employees 29Diversity,Equity&Inclusion(DE&I)AHIP is committed

89、to diversity,equity and inclusion.Our code of conduct requires that employees fully comply with all laws providing equal opportunity without regard to race,gender,religion,sexual orientation,age,or disability.We recognize the value of unique viewpoints,experiences,and backgrounds and the part they p

90、lay in the growth and innovation of our business.It is a priority to create an inclusive,equal,and fair workplace where all employees are empowered to succeed.AHIP have incorporated DE&I screening practices into the hiring of senior management and non-executive board roles.In 2023,AHIP aims to appoi

91、nt an additional female Boardmember to improve the Boards gender diversity.1.As of 12/31/2022,all full-time employees of AHIP Management Limited2.As of 12/31/2022,employees at our hotels are employed by Aimbridge 13%88%Age Under 3030-50Over 5013%88%GenderWomenMen75%25%Race&EthnicityCaucasianMinoriti

92、esBOARD OF DIRECTORS36%50%14%Age Under 3030-50Over 5050%50%GenderWomenMen36%64%Race&EthnicityCaucasianMinoritiesCORPORATE EMPLOYEES138%42%20%Age Under 3535-55Over 5569%31%GenderWomenMen38%63%Race&EthnicityCaucasianMinoritiesHOTEL EMPLOYEES2Volunteering&Charitable Partnership Program30We support our

93、charity partners through financial donations and volunteering days COVENANT HOUSECANUCK PLACECanuck Place is a not-for-profit childrens hospice delivering expert palliative care in British Columbia Canuck Places mission is to ensure that children and families receive holistic care that celebrates th

94、eir values,and their livesCovenant House helps young people aged 16 to 24 who have fled physical,emotional and sexual abuse;those who have been forced from their homes;and those who have aged out of foster careVolunteering&Charitable Partnership Program312022 Covenant House 50/50 Fundraising Event A

95、HIP employees and members of our hotel manager,Aimbridge,participated in a fundraising event in aid of Covenant House.The event involved selling 50/50 raffle tickets to spectators at a local Vancouver Whitecaps soccer match.$11,500 were raised for Covenant House and the group were able to enjoy watc

96、hing the Whitecaps record a 3 0 victory over LA Galaxy.Volunteering&Charitable Partnership Program322022 Covenant House Hope for the Holidays Packing Event AHIP employees volunteered to help Covenant House prepare for their Hope for the Holidays campaign.The event involved organizing donated items s

97、uch that they could be gifted to youth who participate in Covenant Houses residential Crisis Program and Drop-in Centre Program.AHIP donated$1,000 of items to the Hope for the Holidays campaign.Home2Suites by Hilton Midland4)GovernanceOur Governance framework focuses on implementing controls through

98、out our business to align our interests with those of our stakeholders Governance Goals34Maintain the highest standards of integrity and ethics Ensure all employees and Board members adhere to our code of conduct and relevant corporate governance policies Preserve Board independenceMaintain a majori

99、ty of independent directors on our Board Communicate in a transparent and effective manner with our stakeholders Be available to stakeholders through all the touchpoints within our organization Strengthen the security of our data,personal information,and systems Provide employees cybersecurity train

100、ing which mitigates various IT threatsPlan and implement a strong IT network environment Maintain market level executive compensation with incentive payments aligned to the creation of unitholder value Align executive compensation with the fulfillment of our corporate and ESG goals12345Our governanc

101、e goals strengthen the confidence that stakeholders have in our business I am pleased to have a leadership role in our effort to create long-term value for our unitholders while addressing environmental,social,and governance issues.We continue to collaborate with our stakeholders to implement our su

102、stainability strategy which will havea positive impact on our business,the environment,and our communities.We are at the start of our sustainability journey and have developed an environmental investment program focused on reducing theresource intensity of our business.This presents significant oppo

103、rtunities to achieve mutually related goals of reducing ourenvironmental impact while improving our financial results.We are fully aligned with the sustainability updates our brand partners have made to their operating models.Our employees are fundamental to the success of our business.In line with

104、our strategic plan to be recognized as a preferredemployer,we have maintained a flexible work from home policy and have formalized several new health and financial benefits.Last year we introduced a unit matching program as well as an annual health and wellness spending allowance.Through these workp

105、lace improvements and investments in the professional development of our employees,we intend for our employees to be further aligned with the successof our business.Good corporate governance practices are the cornerstone of protecting stakeholder interests.In addition to creating a cross functional

106、ESG committee,we amended the responsibilities of our board to include oversight of our ESG program.We continue to strengthen the resilience of our business to the ever-evolving cyber security threat landscape by introducing mandatory training for all our employees.We are enthusiastic about our ESG j

107、ourney and continue to collaborate with the board to improve upon our sustainability framework.Travis Beatty35A Message from our CFO36Board OversightBOARD COMPETENCIES MATRIXBoard Independence and CompositionEightof our nine Board members are independent1,including the Chair of the Board.The Board C

108、hair and CEO roles are separate,and our CEO is not a Board member.Our Board maintains four fully independent Board committees Audit,Compensation,Investing and Nominating,Governance,&Sustainability.All committee Chairs are independent directors.Annually,the effectiveness of the Board of Directors as

109、a whole,each of its committees,and individual directors are evaluated based on criteria established by the Nominating,Governance,&Sustainability committee.AHIP supports directors participation in continuing education programs and relevant conferences to assist them in performing their Board responsi

110、bilities.Independent DirectorLeading TeamsExecutive Management ExperienceStrategic PlanningBoard Experience/AccreditationP&LResponsibilityFinancial LiteracyHospitality/ServiceCapital Markets/BankingGovernanceCommunication SkillsLegalReal EstateESGMichael MurphyCharles van der LeeStephen EvansRichard

111、 FrankTamara LawsonMahmood KhimjiMatthew CervinoJosef Vejvoda2John ONeill 31.2 of 9 Board members are nominees 2.Independent Director Nominee3.Director NomineeBoard ESGOversight37We have established an ESG committee to setand monitor performance against our environmental sustainability,social respon

112、sibility,and governance goals.Representatives from each of our business divisions sit on the committee.Our ESG program is overseen by our Nominating,Governance,and Sustainability committee.Updates are provided to the committee on a quarterly basis.The committees ESG oversight responsibilities includ

113、e:Overseeing and approving our policies,programs and goals related to corporate responsibility and sustainabilityMonitoring our progress and performance at implementing our corporate responsibility and sustainability frameworkReviewing and approving material ESG disclosuresSelect Board ESGExperience

114、Michael MurphyBoard Chair&Independent DirectorNominating,Governance,and Sustainability committee memberPreviously President of Footprints International,a company involved in the planning and development of environmentally friendly hotel propertiesTamara LawsonIndependent DirectorNominating,Governanc

115、e,and Sustainability committee memberExecuted sustainability-linked financing facilitiesMahmood KhimjiIndependent DirectorNominating,Governance,and Sustainability committee memberServes on the National Committee of the Aga Khan Foundation USAMatthew CervinoIndependent DirectorActive role in developi

116、ng BentallGreenOaksESGstrategy John ONeill1DirectorDirector of the Fraser Institute1.Director NomineeCorporate Governance&PoliciesAll Employees&Board of DirectorsDisclosure PolicyInstructions for the handling of material information,trading restrictions,and confidentialityWhistle Blower PolicyEnable

117、s employees to anonymously report concerns to the Chair of the Audit,Finance and Risk Committee Board of DirectorsMajority Vote PolicyDetails that directors must be elected in a majority vote if there is an uncontested electionBoard Diversity PolicyPromotes Board diversity of gender,ethnicity,age,re

118、ligion,education,experience,geographical representation,political belief,disability Director Education PolicyEncourages the Board to attend education programs and stay up to date with corporate governance“best practices”relevant to their contribution to the BoardBoard of Directors&Senior ManagementA

119、nti Hedging PolicyProhibits directors and senior management from directly or indirectly engaging in hedging against future declines in the market value of any equity-based securities of the REITUnit Purchase PolicyAims to:(i)promote increased ownership of units by the Board and executive officers to

120、 align their interests with the interests of unitholders;and(ii)in attracting,retaining and motivating their directors and executive officers.Senior ManagementCompensation ClawbackPolicyReimbursement of incentive compensation paid to a senior executive if:(a)it was calculated based on results that w

121、ere subsequently materially restated or corrected;(b)the executive engaged in gross negligence,fraud or intentional misconduct that caused the need for results to be restated or corrected;and(c)the compensation paid to the executive would have been lower based on the restated or corrected results.38

122、Risk Management,Compliance and EthicsCode of Business Conduct and EthicsOur Code of Conduct details acceptable actions over a comprehensive list of important topics including equality,health and safety,privacy,conflicts of interest,and confidentiality.All employees,directors,officers,and contractors

123、 of AHIP are to act in accordance with the Code of Conduct.Data Privacy and Cybersecurity39Hotel LevelAimbridge isresponsible for protecting the data provided by our guests.AHIPs Asset Management team monitors Aimbridges data privacy controls to ensure proper standards are being maintained.We do not

124、 have access to the personal data of any of our guests and our IT systems have no connectivity to Aimbridges technology platforms.Corporate LevelAHIP partners with an IT services provider for all corporate level data protection and security.Our security systems are set up to effectively identify and

125、 defend against threats.Penetration testing as well as internal and external vulnerability assessments are performed on our IT infrastructure.Robust disaster recovery and incidence response procedures have been implemented.To further minimize data security risk,we conduct periodic assessments on emp

126、loyee cybersecurity awareness through internal phishing email campaigns.All employees are enrolled in regular cybersecurity training to ensure that we can make effective judgements in order to protect the security of our data.Home2 Suites by Hilton Midland40Legal DisclaimerThird Party InformationThi

127、s presentation includes market information,industry data and forecasts obtained from independent industry publications,market research,analyst reports,public company filings,surveys and other publicly available sources.Although AHIP believes these sources to be generally reliable,market and industry

128、 data is subject to interpretation and cannot be verified with complete certainty due to limits on the availability and reliability of raw data,the voluntary nature of the data gathering process and other limitations and uncertainties inherent in any statistical survey.Accordingly,the accuracy and c

129、ompleteness of this data is notguaranteed.AHIP has not independently verified any of the data from third party sources referred to in this presentation norascertained the underlying assumptions relied upon by such sources.Forward-Looking InformationCertain statements in this presentation may constit

130、ute“forward-looking information”within the meaning of applicable securitieslaws(also known as forward-looking statements).Forward-looking information and financial outlook generally can be identified by words such as“anticipate”,“believe”,“continue”,“expect”,“estimates”,“intend”,“may”,“outlook”,“obj

131、ective”,“plans”,“should”,“will”and similar expressions suggesting future outcomes or events.Forward-looking information and financial outlook include,but are not limited to,statements made or implied relating to the objectives of AHIP,AHIPs strategies to achieve those objectives and AHIPs beliefs,pl

132、ans,estimates,projections and intentions and similar statements concerning anticipated future events,results,circumstances,performance or expectations that are not historical facts.Forward-looking information in this presentation include,but are not limited to,statements with respect to:AHIPs expect

133、ations with respect to its future performance,including specific expectations in respect to certain categories of its properties;AHIPs planned capital expenditures,including the estimated amount and timing of such expenditures;and AHIPs stated long-term objectives.Additional InformationAdditional in

134、formation relating to AHIP,including AHIPs audited consolidated Financial Statements for the quarter ended March 31,2023,AHIPs MD&A dated May 4,2023,and other public filings are available on SEDAR at .TownePlace Suites by Marriott P(604)630-3134800-925 West Georgia Street,Vancouver BC V6C 3L2 Canada