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July 31, 2015 2:18 PM ET

Real Estate Investment Trusts (REITs)

Company Overview of Apple Hospitality REIT, Inc.

Company Overview

Apple Hospitality REIT, Inc. is a publicly owned real estate investment trust. It invests in the real estate markets of United States. The firm invests primarily in the lodging industry. It is focused on the acquisition and ownership of income-producing real estate. The firm was formerly known as Apple REIT Nine, Inc. Apple Hospitality REIT, Inc. was founded on November 9, 2007 and is based in Richmond, Virginia.

814 East Main Street

Richmond, VA 23219

United States

Founded in 2007

Phone:

804-344-8121

Fax:

804-344-8129

Key Executives for Apple Hospitality REIT, Inc.

Chief Executive Officer, President and Director
Age: 42
Total Annual Compensation: $411.5K
Founder, Executive Chairman and Chairman of Executive Committee
Age: 71
Total Annual Compensation: $262.8K
Chief Financial Officer and Executive Vice President
Age: 50
Total Annual Compensation: $373.0K
Chief Operating Officer and Executive Vice President
Age: 42
Total Annual Compensation: $388.3K
Executive Vice President, Chief Legal Counsel and Secretary
Age: 47
Total Annual Compensation: $354.8K
Compensation as of Fiscal Year 2014.

Apple Hospitality REIT, Inc. Key Developments

Apple Hospitality REIT, Inc. Announces August 2015 Distribution, Payable on August 17, 2015

Apple Hospitality REIT, Inc. announced that its Board of Directors declared a regular monthly cash distribution of $0.10 per common share for the month of August 2015. The distribution is payable on August 17, 2015, to shareholders of record as of July 31, 2015.

Apple Hospitality REIT, Inc. Recently Completes Acquisition of Three Hotels

Apple Hospitality REIT, Inc. announced that it recently completed the acquisition of three hotels: a Hampton Inn in Ft. Lauderdale, FL; a Hampton Inn in Cypress, CA; and a SpringHill Suites by Marriott in Burbank, CA. The company closed on the acquisition of the 156-room Hampton Inn in the Las Olas area of downtown Ft. Lauderdale, FL, on June 23, 2015, for a purchase price of approximately $23 million. The property, convenient to Port Everglades and the Ft. Lauderdale-Hollywood International Airport, is located in the heart of downtown Ft. Lauderdale near multiple guest attractions and amenities. Effective June 29, 2015, the company acquired a 110-room Hampton Inn in Cypress, CA, for approximately $20 million. The property is located two miles from downtown Cypress, convenient to a variety of national and international corporate headquarters and less than seven miles from Disneyland Park. The company also purchased a new 170-room SpringHill Suites by Marriott in Burbank, CA, effective July 13, 2015, for a purchase price of approximately $60 million. The boutique-style hotel is located within walking distance of downtown Burbank and convenient to the numerous attractions in the Hollywood area.

Apple Hospitality REIT, Inc.(NYSE:APLE) added to Russell 1000 Index

Apple Hospitality REIT, Inc. has been added to Russell 1000.

Similar Private Companies By Industry

Company Name Region
FBR Asset Investment Corp United States
HPT Capital Trust I United States
Alanar Real Estate Investment Trust Series 1 Corp. United States
Accredited Mortgage Loan REIT Trust United States
Sovran Acquisition Limited Partnership United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 16, 2015
Hampton Inn Los Angeles-Orange County-Cypress
Merger/Acquisition
July 16, 2015
SpringHill Suites Los Angeles Burbank/Downtown
Buyback
May 18, 2015
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