APLE - Mergers and acquisitions

Apple Hospitality REIT, Inc. (NYSE:APLE) (the "Company" or "Apple Hospitality") today announced the opening and acquisition of the 260-room Motto by Hilton Nashville Downtown (the "Hotel") for approximately $98.2 million, or $378,000 per key. "We are pleased to expand our portfolio with the acquisition of the newly constructed, innovative Motto by Hilton Nashville Downtown and increase our exposure to the dynamic and vibrant Nashville market," said Nelson Knight, President, Real Estate and Investments of Apple Hospitality. "Through our longstanding relationship with one of the industry's leading and most trusted developers, we secured a fixed-price, take-out contract ahead of development,

Apple Hospitality REIT, Inc. (NYSE:APLE) (the "Company" or "Apple Hospitality") today announced the acquisition of the 126-room Homewood Suites by Hilton Tampa-Brandon (the "Hotel") for a total purchase price of $18.8 million, or approximately $149,000 per key. "We are pleased to expand our portfolio with the acquisition of the Homewood Suites Tampa-Brandon, which is ideally located adjacent to our Embassy Suites in the same market," said Nelson Knight, President, Real Estate and Investments of Apple Hospitality. "Our acquisition of this Hotel represents a unique opportunity to expand our ownership in a submarket that continues to perform well for us at a purchase price below replacement

Apple Hospitality REIT, Inc. (NYSE:APLE) (the "Company" or "Apple Hospitality") today announced the opening and acquisition of the 262-room Embassy Suites by Hilton Madison Downtown (the "Hotel") for approximately $79.5 million, or $303,000 per key. "We are pleased to expand our portfolio with the acquisition of the newly constructed, custom Embassy Suites Madison Downtown and increase our presence within the dynamic and business-friendly Madison market," said Nelson Knight, President, Real Estate and Investments of Apple Hospitality. "Through our longstanding relationship with one of the industry's leading and most trusted developers, we secured a fixed-price, take-out contract ahead of

Apple Hospitality REIT, Inc. (NYSE:APLE) (the "Company" or "Apple Hospitality") today announced the acquisition of the 234-room AC Hotel by Marriott Washington DC Convention Center (the "Hotel") for approximately $116.8 million, or $499,000 per key. "We are pleased to expand our portfolio with the acquisition of the AC Hotel Washington DC Convention Center and are thrilled to establish a presence in downtown Washington, D.C., a market we have tracked and wanted to have a presence in for some time," said Nelson Knight, President, Real Estate and Investments of Apple Hospitality. "With a wide variety of demand generators, including government, corporate, conventions, sporting events and con

Apple Hospitality REIT, Inc. (NYSE:APLE) (the "Company" or "Apple Hospitality") today announced the acquisition of the 299-room SpringHill Suites by Marriott Las Vegas Convention Center (the "Hotel") for approximately $75 million, or $251,000 per key. "Las Vegas, well known as a premier gaming and entertainment destination, has dynamically expanded in recent years with the arrival of major league sports teams, the Sphere and Formula 1 racing, to capture an even larger segment of leisure travel demand," said Nelson Knight, President, Real Estate and Investments of Apple Hospitality. "In addition to robust leisure demand, the Hotel benefits from its proximity to the newly expanded Las Vegas

Apple Hospitality REIT, Inc. (NYSE:APLE) (the "Company" or "Apple Hospitality") today announced that it has completed the acquisition of the 192-room Embassy Suites by Hilton South Jordan Salt Lake City (the "Hotel") for approximately $36.8 million, or $191,000 per key. "We are pleased to expand our portfolio with the acquisition of this ideally located Embassy Suites by Hilton in South Jordan," said Nelson Knight, President, Real Estate and Investments of Apple Hospitality. "South Jordan is a thriving, dynamic city in the Salt Lake City metropolitan area that has experienced strong economic, employment and population growth in recent years and is projected to see continued expansion well

Apple Hospitality REIT, Inc. (NYSE:APLE) (the "Company" or "Apple Hospitality") today announced that it has completed the acquisition of the 146-room Residence Inn by Marriott Seattle South/Renton (the "Hotel") for approximately $55.5 million, or $380,000 per key. "We are pleased to further diversify and enhance our portfolio with the acquisition of this recently-built, extended-stay hotel in Renton," said Nelson Knight, President, Real Estate and Investments of Apple Hospitality. "Renton is well known for its strong business environment that spans aviation, aerospace, manufacturing, technology, life science and medical. Located in close proximity to downtown Seattle and downtown Bellevue

Apple Hospitality REIT, Inc. (NYSE:APLE) (the "Company" or "Apple Hospitality") today announced the acquisition of the 175-room Courtyard by Marriott Salt Lake City Downtown for approximately $48.1 million, or $275,000 per key; the 159-room Hyatt House Salt Lake City/Downtown for approximately $34.3 million, or $215,000 per key; and a corresponding 346-space parking garage for approximately $9.1 million, which serves both hotels as well as the surrounding area. "While overall industry transaction volume remains muted, the strength of our operating performance and our relative liquidity position have provided us with unique opportunities to pursue accretive acquisitions and to grow our por

Apple Hospitality REIT, Inc. (NYSE:APLE) (the "Company" or "Apple Hospitality") today announced the acquisition of the newly renovated Courtyard by Marriott Cleveland University Circle (the "Hotel") for $31 million, or approximately $201,000 per key. "We are pleased to grow our portfolio with the acquisition of this custom-designed, recently renovated Courtyard by Marriott in the heart of Cleveland's University Circle district," said Nelson Knight, President, Real Estate and Investments of Apple Hospitality. "Cleveland offers a wide variety of demand generators from business and leisure to academic, health care and medical research. As a business-friendly city with a favorable cost of liv

Apple Hospitality REIT, Inc. (NYSE:APLE) (the "Company" or "Apple Hospitality") today announced the acquisition of the AC Hotel by Marriott Louisville Downtown for $51 million, or approximately $327,000 per key, and the AC Hotel by Marriott Pittsburgh Downtown for $34 million, or approximately $254,000 per key. "We are pleased to enhance our portfolio with these attractive acquisitions that highlight the strength of our relationships with best-in-class hotel owner-operators and our ability to drive value in a highly competitive marketplace," said Nelson Knight, President, Real Estate and Investments of Apple Hospitality. "These thoughtfully designed hotels offer guests modern accommodation

Apple Hospitality REIT, Inc. (NYSE:APLE) (the "Company" or "Apple Hospitality") today announced the acquisition of a portfolio of three hotels for a total purchase price of $126 million. As previously announced, the portfolio consists of the existing 157-room Hilton Garden Inn Fort Worth Medical Center in Fort Worth, Texas, for a total purchase price of $29.5 million, or approximately $188,000 per key; the existing and recently renovated 112-room Homewood Suites by Hilton Fort Worth Medical Center in Fort Worth, Texas, for a total purchase price of $21.5 million, or approximately $192,000 per key; and the existing 243-room Hampton Inn & Suites by Hilton Portland Pearl District in Portland,

Apple Hospitality REIT, Inc. (NYSE:APLE) (the "Company" or "Apple Hospitality") today announced the acquisition of the 157-room Aloft Hotel on the waterfront in downtown Portland, Maine (the "Hotel"), for a total purchase price of $51.2 million, or approximately $326,000 per key. "We are pleased to expand our portfolio with the acquisition of the newly constructed Aloft Portland, Maine and increase our exposure to the unique and vibrant Portland market," said Nelson Knight, President, Real Estate and Investments of Apple Hospitality. "In addition to Portland's tremendous appeal for leisure travel, the market is also home to a variety of corporate, government, trade, health care and educati

Apple Hospitality REIT, Inc. (NYSE:APLE) (the "Company" or "Apple Hospitality") today announced the acquisition of the 130-room Hyatt Place in downtown Greenville, South Carolina (the "Hotel"), for a total purchase price of approximately $30 million, or approximately $231,000 per key. "Greenville has benefited from the recent shift of companies to smaller, more business-friendly cities and is home to numerous corporations and startups that span a variety of industries," said Nelson Knight, President, Real Estate and Investments of Apple Hospitality. "We are pleased to grow our portfolio with the acquisition of this recently built Hotel in the heart of Greenville's charming downtown where v

Apple Hospitality REIT, Inc. (NYSE:APLE) (the "Company" or "Apple Hospitality") today announced the acquisition of the 178-room AC Hotel by Marriott in Portland, Maine (the "Hotel"), for a total purchase price of approximately $66.8 million, or approximately $375,000 per key. "We are pleased to expand our presence in the vibrant Portland market, which benefits from a variety of demand generators, including leisure, corporate, health care, government and education," said Nelson Knight, President, Real Estate and Investments of Apple Hospitality. "With the acquisition of the AC Hotel and the nearby Aloft Hotel that we expect to acquire following completion of construction in the third quarte