Business
American Hotel Income Properties REIT LP Common Units (HOT.UN:CA) Q1 2026 Earnings Call Prepared Remarks Transcript
Operator
Good morning, and welcome to American Hotel Income Properties REIT LP’s First Quarter Results Conference Call. [Operator Instructions] Before beginning the call, AHIP would like to remind listeners that the following discussions will include forward-looking information within the meaning of applicable Canadian securities laws, which forward-looking information is qualified by the statement.
Comments that are not a statement of fact, including projections of future earnings, revenues, income and FFO are considered forward-looking. Participants on this call should not place undue reliance on such information, which is provided based on management’s expectations and assumptions as of the date of this call. AHIP does not undertake any obligation to publicly update such information to reflect subsequent events or circumstances, except as required by law.
On this call, AHIP will discuss certain non-IFRS financial measures. For the definition of these non-IFRS financial measures, the most directly comparable IFRS financial measure and a reconciliation between the two, please refer to their MD&A. Reference to prior year’s operating results are in comparison of AHIP’s portfolio of 31 properties results in that period versus the same properties results today. All figures discussed on today’s call are in U.S. dollars, unless otherwise indicated. Discussing AHIP’s performance today are John O’Neill, Executive Officer; Bruce Pittet, Chief Operating Officer; and Travis Beatty, Chief Financial Officer.
I’ll now turn the call over to John O’Neill, Chief Executive Officer.
Business
Pete Davidson and Elsie Hewitt Split 5 Months After Welcoming Daughter Scottie
NEW YORK — Pete Davidson and model Elsie Hewitt have officially ended their relationship just five months after welcoming their first child together, multiple sources confirmed Thursday, bringing a swift close to a romance that began with high-profile romance and the birth of daughter Scottie Rose Hewitt Davidson.
The split, first reported by The U.S. Sun and corroborated by Page Six and other outlets, comes as the couple struggled to navigate the intense pressures of new parenthood alongside Davidson’s demanding work schedule. Insiders say the pair quietly went their separate ways in recent weeks, with both prioritizing co-parenting their infant daughter.
Davidson, 32, and Hewitt, 30, welcomed Scottie Rose on December 12, 2025. Hewitt announced the birth on Instagram with an emotional post calling their daughter “our perfect angel girl,” and the baby’s name honors Davidson’s late father, Scott Davidson, a New York City firefighter who died on 9/11. Davidson later got Scottie’s name tattooed near his ear as a permanent tribute.
Struggles Behind the Split
Sources close to the couple told outlets that tensions escalated after Scottie’s arrival. Hewitt reportedly managed much of early motherhood largely on her own while Davidson traveled for stand-up gigs, including appearances at Netflix Is a Joke and Kevin Hart’s roast. The demands of a newborn combined with Davidson’s career commitments created growing strain.
“They’re adjusting to parenthood and working through the process,” a source told People magazine in early May when initial reports of trouble surfaced. “There are issues, but they’re trying to figure things out together. Their daughter is their top priority.” By mid-May, however, multiple insiders confirmed the relationship had ended.
Hewitt recently shared raw glimpses of new motherhood on Instagram, describing moments of holding her breath during long crying spells and the exhaustion that comes with caring for a newborn. Davidson has spoken publicly about feeling lucky to have Hewitt as a mother to his child, but friends say the realities of balancing fame, travel and parenting proved overwhelming for the young couple.
Whirlwind Romance and Public Scrutiny
Davidson and Hewitt’s relationship moved quickly. They were first linked in 2025, and news of Hewitt’s pregnancy emerged later that year. The couple kept a relatively low profile during the pregnancy but shared joyful moments after Scottie’s birth. Davidson’s history of high-profile romances — including engagements to Ariana Grande and relationships with Kim Kardashian and Madelyn Cline — has long made his personal life tabloid fodder.
This split follows a pattern for the Saturday Night Live alum, whose relationships often burn bright but face challenges under public pressure and his unpredictable schedule. Hewitt, a model and influencer, had been praised for her grounded approach to motherhood, frequently posting about the joys and difficulties of early parenting.
Co-Parenting Focus Moving Forward
Both Davidson and Hewitt are said to be committed to co-parenting Scottie amicably. Sources emphasize that the daughter remains the central priority, with both parents determined to provide stability despite the breakup. Davidson has reportedly begun offloading some properties, possibly to streamline his life and focus on fatherhood.
Friends describe the split as sad but mature, with no public drama or finger-pointing so far. “They both love Scottie more than anything,” one insider said. “This wasn’t about scandal — it was about two people realizing they work better as co-parents than romantic partners right now.”
Hewitt celebrated her first Mother’s Day on May 10 with a heartfelt Instagram post, sharing sweet moments with Scottie amid the reported relationship troubles. Davidson has kept a lower profile but continues working on comedy projects and SNL commitments.
Public Reaction and Celebrity Context
News of the split spread rapidly across social media, with fans expressing surprise given how recently the couple welcomed their daughter. Some expressed sympathy for Hewitt navigating new motherhood alone at times, while others noted Davidson’s pattern of short-lived relationships. Supporters of both urged privacy for the family, particularly as they raise an infant in the spotlight.
The breakup adds another chapter to Davidson’s well-documented romantic history. From his whirlwind engagement to Ariana Grande to his time with Kim Kardashian and subsequent relationships, the comedian has remained one of Hollywood’s most eligible — and scrutinized — bachelors. Hewitt, who rose to prominence through modeling and social media, entered the relationship with less public baggage but quickly found herself under the microscope.
What’s Next for Both
Davidson is expected to continue focusing on his comedy career and fatherhood. He has spoken in the past about wanting to be a present dad, drawing from his own experience losing his father at a young age. Hewitt is likely to lean on her support network while balancing modeling work and raising Scottie.
For now, both sides are requesting privacy as they adjust to the new family dynamic. Sources say there is no bitterness, only a mutual understanding that their romantic chapter has closed while their parenting journey continues. Scottie Rose, named in honor of Davidson’s late father, remains the bright center for both.
The swift end to Pete Davidson and Elsie Hewitt’s romance underscores the challenges many young parents face when balancing careers, fame and a newborn. As they transition to co-parenting, the focus for both will be ensuring their daughter grows up surrounded by love and stability. In Hollywood, where relationships often burn fast and bright, this latest chapter serves as a reminder that even celebrity love stories face very human struggles.
Fans and followers will undoubtedly continue watching for updates on how the former couple navigates co-parenting in the public eye. For now, the priority remains clear: the well-being of baby Scottie Rose Hewitt Davidson.
Business
Apollo commercial director Whonder sells $50k in shares

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John Delaney’s Forbright discloses higher revenue in US IPO filing

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Business
Chinese Tourist Permanently Banned from Thailand for Damaging $15,000 Auto-Gates
A Chinese tourist faces a lifetime ban from Thailand after allegedly damaging passport gates at Bangkok Airport in frustration. He’s accused of kicking barriers, verbally abusing officers, and bypassing security, prompting a crackdown on disorderly visitors.
Key Points
- A Chinese tourist was banned for life from Thailand after allegedly damaging airport passport gates and verbally abusing officers.
- The man, identified as Zheng Liwei, reportedly became frustrated with an automated gate at Suvarnabhumi Airport, leading to the incident.
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He faces charges for damaging government property, insulting officials, and unauthorized entry, valued at approximately $15,000
Disruptive Tourist’s Permanent Ban
A 30-year-old Chinese tourist, identified as Zheng Liwei, has received a lifetime ban from re-entering Thailand following a disruptive incident at Suvarnabhumi Airport in Bangkok. The alleged offenses occurred on Wednesday afternoon while Zheng was attempting to clear immigration for his flight back to China. He reportedly became frustrated with the automated passport control system, leading to a violent outburst where he kicked and damaged two automated gates. This severe penalty underscores Thailand’s growing intolerance for disorderly conduct among foreign visitors.
Airport Altercation and Charges
The incident unfolded as Zheng struggled with the automated passport gates. Witness accounts and video footage suggest he repeatedly slammed his travel document on the reader before resorting to kicking the barriers, ultimately forcing his way through without proper clearance. Immigration officers intervened, and reports indicate Zheng then proceeded to verbally abuse the officers in Chinese, including a deeply offensive insult, before attempting to advance on them. His wife reportedly intervened, pulling him back.
Legal Repercussions and Damaged Property
Following the airport disturbance, immigration officers have filed formal complaints against Zheng. The charges include damaging government property, with the estimated cost of the two damaged automated gates amounting to approximately 480,000 baht (US$15,000). Additionally, he faces charges for insulting officers on duty and passing through a security checkpoint without authorization. This case is indicative of a broader Thai governmental effort to curb instances of foreign visitor misconduct.
Source : Chinese tourist banned from Thailand for life after kicking, damaging US$15,000 auto-gates
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Business
The Hidden Cost of DIY Marketing (And Why It’s Killing Your Brand)
There is a certain pride in doing your own marketing.
I see it all the time. It signals control. Efficiency. The belief that no one understands the business better than the people inside it. And to be fair, at the beginning, that’s often true.
But what starts as a practical decision has a way of turning into a long-term habit. And that’s where the problem begins because the cost of DIY marketing isn’t obvious. It builds slowly, quietly, and often invisibly. By the time most businesses recognize it, the damage has already been done.
When Activity Replaces Strategy
Most marketing doesn’t fail outright. It fragments.
A campaign here to boost sales. A few posts there to stay “active.” Maybe some ads when revenue dips. Each move feels justified in the moment, but step back and look at it as a whole, and something becomes clear: there’s no unifying direction.
That’s not a strategy. That’s motion.
And motion without positioning is one of the fastest ways to weaken a brand.
When your messaging shifts depending on what you need this week, your audience doesn’t know what to hold onto. Are you premium or affordable? Specialized or broad? Different or just another option?
If you’re not consistently answering those questions, the market will answer them for you and usually not in your favor.
The Performance Trap
There’s a pattern I’ve seen repeat across industries. I call it the performance trap. It starts with good intentions. You run ads, track conversions, optimize what’s working. On paper, it looks smart. Data-driven. Efficient.
But over time, your entire strategy gets reduced to one question: what’s working right now?
And that’s where things start to break.
Because when you prioritize short-term response above everything else, you begin making decisions that weaken long-term perception. You lean into discounts because they convert. You simplify messaging until it loses its edge. You chase what gets clicks instead of what builds meaning.
You’re no longer building a brand. You’re feeding a machine.
And the outcome is predictable: rising costs, shrinking margins, and a customer base that only responds when there’s an incentive.
So it’s worth asking, are you building something people remember, or just something they react to?
When Cheap Becomes Expensive
DIY marketing is often framed as a cost-saving move.
It isn’t.
It’s more like cutting your own hair. You can do it. It might even look fine at first. But small mistakes add up. The shape gets uneven. The structure falls apart. And eventually, fixing it costs more than doing it properly from the start.
Marketing works the same way.
Every unclear message, every inconsistent campaign, every unnecessary discount shapes how people perceive your brand. And perception isn’t a small thing it’s the thing. It determines whether someone trusts you, chooses you, or is willing to pay more for what you offer.
Strong brands routinely command price premiums often 10 to 20 percent higher than competitors offering similar products or services. That gap isn’t created by better tactics. It’s built through clarity and consistency over time.
Once you lose that, you’re not just adjusting campaigns. You’re rebuilding trust.
Why Strategy Requires Distance
One of the biggest challenges with doing everything internally is proximity.
You’re too close to it.
You know the product inside out. You understand the nuances. But your customer doesn’t. And when you’re operating from the inside, it’s easy to assume what’s obvious to you is obvious to them.
It rarely is.
I often say it this way: you can’t read the label from inside the jar.
That’s why strategy requires distance. Not more activity, not more content but clearer thinking. A defined position. A message that reflects how your audience actually makes decisions, not how you wish they did.
Through my work at Brand Boss HQ I focus on helping businesses step back and build that clarity through what I call Strategic Storytelling™. It’s about aligning what you say, how you say it, and what you do so the market sees you the way you intend to be seen.
Because when that alignment is in place, everything else becomes more effective.
The Cost You Don’t See
The biggest risk of DIY marketing isn’t what shows up in your reports.
It’s what doesn’t.
The customers who don’t convert because your message didn’t land. The opportunities you don’t attract because your positioning isn’t clear. The premium you can’t charge because your brand feels interchangeable.
Those losses don’t get tracked. But they shape your growth more than any single campaign ever will.
So the question isn’t whether you can do your own marketing.
It’s whether what you’re building is intentional.
Are you creating a brand that people recognize, trust, and are willing to pay more for? Or are you just staying busy, hoping your efforts eventually add up?
Because they won’t. Not without direction.
If you’re honest, you already know which one you’re doing.
The real question is—are you going to keep going, or are you finally going to fix it? Give us a call.
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Business
Food Inflation and the Case for UK Food Safety Training
UK consumers and food businesses face a food inflation conversation that shapes both the household weekly shop and the operational priorities of retailers, food service operators, and community food programmes.
Recent ONS and Food Standards Agency-tracked data highlight an increasingly central role for food costs in household financial concerns. Investment in food handling and food safety training sits at the intersection of statutory compliance, operational discipline, and consumer-facing service. The right approach reads each operation’s specific risk profile before specifying a programme.
The same disciplined evaluation that informs other business decisions translates to food business operations. Industry consumer research shows that 91% of UK consumers cite food costs as a major concern when surveyed about household financial pressure. UK food businesses running structured food handling and food safety programmes typically see meaningful reduction in operational waste and audit risk, with some operators reporting waste reductions in the 20 to 35 per cent range over rolling 24-month windows. Food inflation refers to the rate of change in the cost of food and non-alcoholic beverages within a national price index. The decision rewards a few hours of structured preparation before booking a training provider.
Why Has Food Inflation Become More Strategic for UK Businesses?
Three structural shifts have moved food-business investment into more strategic territory across UK operators. The first is the consumer-pressure shift. Households increasingly compare prices across retailers and adjust shop frequency in response to cost movements.
The second is the operational-cost shift. Food businesses absorb input-cost rises across supply chains, energy, and labour. The third is the regulatory-discipline shift. Food Standards Agency expectations remain consistent regardless of the cost-pressure environment.
The Food Standards Agency’s food hygiene guidance for businesses outlines the regulatory framework UK food operators reference. Coverage of the UK inflation reading reported by BM Magazine puts the headline cost picture in context for food retailers and food service operators.
What Should UK Food Businesses Verify Before Investing?
Six checks belong on every food-business investment review. The table below summarises what UK operators should weigh before commitment.
| Check | Why It Matters | What to Confirm |
| Trainer credentialing | Recognised qualification | CIEH, RSPH, or Highfield-aligned course |
| Course-specific scope | Match to operation type | Retail, kitchen, distribution covered |
| Hands-on assessment | Practical evaluation included | On-site walk-through completed |
| Schedule flexibility | Match to operating calendar | Out-of-hours delivery available |
| Documentation | FSA-aligned records | Completion certificate plus refresher schedule |
| Refresher cadence | Knowledge retention | 3-year refresher cycle |
A training provider that produces clear answers across these six points signals a programme worth retaining. A provider that deflects on any of them signals a generic course that may not match the specific operation profile. The Acas health and wellbeing at work guide covers complementary employer-relations guidance.
Which Food Business Categories Reward Specialist Programmes Most?
Three food business categories reward dedicated training investment more than the others:
- Independent retail and convenience operations where margin pressure and inventory-turnover discipline both interact with food-safety expectations
- Food-service and hospitality operations where temperature control, allergen management, and customer-facing service all face routine inspection
- Wholesale and distribution operations where cold-chain integrity, stock-rotation, and labelling all shape both safety and waste outcomes
UK food businesses comparing prevention programmes benefit from reviewing recent local audit patterns. Online courses typically cost £15 to £50 per delegate. Blended in-person delivery runs £100 to £350 per delegate. Specialist providers describe the realistic reduction in audit findings over rolling windows. Coverage of retail business rates and food prices helps food retailers frame the wider cost picture before choosing a training partner.
What Common Mistakes Surface in UK Food Business Operations?
Several patterns recur. The first is choosing on price alone. The cheapest course often skips meaningful practical-assessment time.
The second is treating training as a one-off compliance event. Knowledge retention from a single training session typically fades within 12 to 24 months without reinforcement.
The third is overlooking the temperature-monitoring discipline. Hot-holding, cold-holding, and reheating all require active monitoring and recording.
The fourth is forgetting the allergen-management pathway. UK regulation requires clear allergen labelling on prepacked foods. The fifth is signing without confirming the documentation pathway.
What Is the Bottom Line for UK Food Businesses?
The food-business investment decision rewards UK operators that plan rather than improvise. The window for thoughtful preparation typically runs from the annual operational review through to the training-provider comparison phase. The right approach coordinates the training, the equipment investment, the temperature-monitoring discipline, and the allergen-management pathway rather than treating each as a separate engagement.
Whether the operator runs a single retail unit, a hospitality venue, or a multi-site operation, the criteria translate cleanly. The first provider conversation should answer specific questions about credentialing, course scope, hands-on assessment, and documentation. UK food businesses that run real comparison processes early end up with cleaner long-term outcomes than businesses that default to whichever provider was first recommended. Pre-engagement preparation pays back across the entire operation, with operators that maintain disciplined refresher cadence reporting reductions in food waste and audit findings across rolling 24-month windows.
Frequently Asked Questions
How High Is UK Consumer Concern About Food Costs?
Industry consumer research summarised by Level 2 Food Hygiene suggests that approximately 91 per cent of UK consumers identify food costs as a major concern. The figure reflects both objective price movement and the visibility of weekly shop costs in household budgets. Lower-income and larger-household consumers report higher concern levels. The figure has remained elevated across recent reporting cycles even as headline inflation has moderated.
How Much Does Food Business Training Cost?
Online Level 2 food hygiene courses typically cost £15 to £50 per delegate. Blended in-person delivery runs £100 to £350 per delegate depending on operation complexity and assessment depth. Larger operators typically negotiate volume discounts at 25-plus delegate enrolments. The cost is small relative to the cost of a single serious food-safety incident or audit finding.
What Are the Penalties for Food Safety Non-Compliance?
Food-safety non-compliance can lead to enforcement action including improvement notices, prohibition notices, and fines. Serious cases can result in unlimited fines on conviction. Reputational damage on public records can also affect customer relationships and tender eligibility. Most enforcement responds to patterns of non-compliance rather than isolated events.
How Often Should UK Food Businesses Refresh Training?
Most food-safety training benefits from refresher delivery every 3 years for Level 2 qualifications. Higher-risk roles (allergen management, supervisor responsibilities) often warrant earlier refresher cycles. New starters typically receive induction-level training within the first 30 days of starting. The Food Standards Agency expects operators to maintain documented training records.
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