APLE Profile
Apple Hospitality REIT, Inc. (NYSE: APLE) is a publicly traded real estate investment trust (REIT) that boasts one of the largest and most diverse portfolios of upscale, rooms-focused hotels across the United States. The company's extensive portfolio includes 235 hotels, encompassing over 30,000 guest rooms situated in 87 markets across 34 states. Apple Hospitality's strategic focus on upscale, select-service, and extended-stay properties is designed to capture consistent demand from business and leisure travelers alike.
A key strength of Apple Hospitality's portfolio is its concentration of industry-leading brands. The company owns 104 Marriott-branded hotels, 126 Hilton-branded hotels, three Hyatt-branded hotels, and two independent hotels. This brand diversity not only enhances the appeal to a broad customer base but also leverages the robust loyalty programs and marketing capabilities of these renowned hospitality brands. The emphasis on select-service and extended-stay models aligns with evolving traveler preferences for affordability and convenience without compromising quality.
Founded with a vision to deliver reliable income and growth for its shareholders, Apple Hospitality REIT operates with a disciplined investment strategy. The company's acquisition criteria prioritize properties in markets with strong demand drivers such as business centers, tourist attractions, and transportation hubs. This approach ensures a well-balanced portfolio that can generate stable cash flows and withstand market fluctuations. Additionally, Apple Hospitality continuously evaluates its portfolio for opportunities to recycle capital, enhancing its asset base and optimizing returns.
Apple Hospitality REIT is headquartered in Richmond, Virginia, and led by a seasoned management team with deep expertise in hotel acquisition, development, and operations. The company's robust operational framework includes strategic partnerships with top hotel management companies to ensure efficient property management and superior guest experiences. By maintaining a focus on upscale, rooms-focused hotels and leveraging its relationships with leading hotel brands, Apple Hospitality REIT aims to provide attractive dividends and long-term value to its shareholders while contributing to the broader growth and resilience of the U.S. hospitality sector.
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