Apple Hospitality REIT, Inc. APLE

Company Overview

Apple Hospitality REIT, Inc. is a publicly traded real estate investment trust (REIT) that owns and operates a large portfolio of select-service and extended-stay hotels. The company operates within the lodging and hospitality real estate industry, focusing on upscale select-service hotel properties that cater primarily to business and leisure travelers. Its revenue is derived almost entirely from hotel room revenues generated at properties it owns, while day-to-day hotel operations are conducted by third-party managers.

The company’s portfolio is heavily aligned with major global lodging brands, primarily Marriott and Hilton, which provide established reservation systems, loyalty programs, and brand recognition. Apple Hospitality REIT is positioned as one of the largest owners of select-service hotels in the United States, emphasizing properties with relatively lower operating costs and more resilient cash flow profiles compared to full-service hotels. The company was formed in 2015 through the merger of Apple REIT Seven, Inc. and Apple REIT Eight, Inc., both of which were affiliated with entities founded by hotel investor Glenn F. Richmond.