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Industry Leaders On What Will Impact Hoteliers the Most in 2018

Industry Leaders discuss 2018
Industry leaders discuss what they think will have the biggest impact on hoteliers in 2018. Justin Knight, President & CEO, Apple Hospitality REIT: “I expect performance across the broader U.S. economy will continue to have a significant impact on the hotel industry in 2018. Although individual market dynamics will vary, macroeconomic trends, particularly those related to GDP growth, consumer spending, corporate...

Apple Hospitality Completes Merger with Apple Ten

RICHMOND, Va.—Apple Hospitality REIT, Inc. has announced the completion of its previously announced merger with Apple REIT Ten. The combination with Apple Ten’s highly complementary portfolio of 56 hotels creates one of the largest upscale, select service lodging REITs in the industry valued at approximately $5.7 billion. On Aug. 31, 2016, the shareholders of Apple Hospitality approved the issuance...

Apple Hospitality REIT, Apple REIT Ten to Merge

RICHMOND, Va.—Apple Hospitality REIT, Inc. and Apple REIT Ten, Inc. (“Apple Ten”), collectively the “Pro Forma Combined Company,” announced today that the boards of directors of both companies have approved a definitive merger agreement under which the companies will create one of the largest select service lodging REITs in the industry. The transaction joins two highly complementary select service...

Apple Hospitality REIT Favors Steady Approach to Growth

In February, Apple Hospitality REIT released its 2015 earnings report. To be brief, last year was a very good year for the company. Comparable revenue per available room (RevPAR) grew 6.5 percent, adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 13.7 percent, and bumps in occupancy and average daily rate all played a large role in the...

Apple Hospitality REIT Goes Public

Richmond, Va.-based Apple Hospitality REIT announced today that its common shares have been listed and have begun trading on the New York Stock Exchange. In connection with its listing on the NYSE, Apple Hospitality has commenced a modified "Dutch auction" tender offer to purchase up to $200 million in value of its common shares. In accordance with the terms of...