Apple REIT Six Shareholders Approve Definitive Merger Agreement with an Affiliate of Blackstone Real Estate Partners VII

  Apple REIT Six Shareholders Approve Definitive Merger Agreement with an
  Affiliate of Blackstone Real Estate Partners VII

Business Wire

RICHMOND, Va. -- May 9, 2013

Apple REIT Six, Inc. (the “Company” or “Apple Six”), a real estate investment
trust (REIT), announced today that the definitive merger agreement to be
acquired by BRE Select Hotels Corp, an affiliate of Blackstone Real Estate
Partners VII, has been approved by the Company’s shareholders, with
approximately 97 percent of the votes cast voting in favor of the transaction.
The Company currently expects the merger transaction to close on Tuesday, May
14, 2013; however, the completion of the transaction remains subject to the
satisfaction of other closing conditions.

About Apple REIT Six, Inc.:

Apple REIT Six is a REIT focused on upscale, extended-stay and select-service
hotels. The portfolio consists of 66 hotels, containing a total of 7,658
guestrooms, diversified among 18 states. The Company, through its best efforts
offering, originally sold its Units for $10.50-$11.00 per Unit. Since
inception of the Company, it paid approximately $7.29 per Unit in
distributions, or $589 million. Additional information about Apple REIT Six
can be found online at www.applereitsix.com.

Disclosures

Certain statements contained in this press release other than historical facts
may be considered forward-looking statements. These forward-looking statements
are predictions and generally can be identified by use of statements that
include phrases such as “believe,” “expect,” “anticipate,” “estimate,”
“intend,” “plan,” “foresee,” “looking ahead,” “is confident,” “should be,”
“will,” “predicted,” “likely” or other words or phrases of similar import.
Such statements involve known and unknown risks, uncertainties, and other
factors which may cause the actual results, performance, or achievements of
Apple Six to be materially different from future results, performance or
achievements expressed or implied by such forward-looking statements. Such
factors include, but are not limited to, the ability of Apple Six to obtain
third-party approvals required to consummate the proposed merger; the
satisfaction or waiver of other conditions in the merger agreement; a material
adverse effect on Apple Six; the outcome of any legal proceedings that may be
instituted against Apple Six and others related to the merger agreement; the
failure to consummate debt financing arrangements set forth in a commitment
letter received in connection with the merger; the ability of Apple Six to
implement its operating strategy; Apple Six’s ability to manage planned
growth; the outcome of current and future litigation, regulatory proceedings,
or inquiries; changes in economic cycles; and competition within the hotel
industry. Although Apple Six believes that the assumptions underlying the
forward-looking statements contained herein are reasonable, any of the
assumptions could be inaccurate, and therefore there can be no assurance that
such statements included in this press release will prove to be accurate. In
light of the significant uncertainties inherent in the forward-looking
statements included herein, the inclusion of such information should not be
regarded as a representation by Apple Six or any other person that the results
or conditions described in such statements or the objectives and plans of
Apple Six will be achieved. In addition, Apple Six’s qualification as a real
estate investment trust involves the application of highly technical and
complex provisions of the Internal Revenue Code. Certain factors that could
cause actual results to differ materially from these forward-looking
statements are listed from time to time in Apple Six’s SEC reports, including,
but not limited to, in the section entitled “Item 1A. Risk Factors” in the
Annual Report on Form 10-K filed by Apple Six with the SEC on February 26,
2013. Any forward-looking statements speak only as of the date of this news
release and Apple Six undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new developments or
otherwise.

Contact:

Apple REIT Six, Inc.
Kelly C. Clarke, 804-727-6321