Apple Hospitality REIT (NYSE: APLE) is a publicly traded real estate investment trust that focuses on acquiring, owning and operating high-quality, upscale, select-service hotels. The company’s portfolio primarily consists of properties operated under premium franchise agreements with leading lodging brands such as Marriott, Hilton and Hyatt. Apple Hospitality REIT is self-managed and internally advised, overseeing property management, revenue optimization and asset-level operations through its in-house team of hospitality professionals.
The company’s holdings encompass over 200 hotels featuring more than 30,000 guest rooms across a diverse array of markets in the United States. These assets are strategically located in Sun Belt and gateway cities, with concentrations in states such as Texas, Florida, California and Georgia. Each property offers a consistent guest experience geared toward business and leisure travelers, featuring amenities like food and beverage outlets, meeting spaces and fitness centers.
Apple Hospitality REIT, Inc. was formed in April 2016 through its initial public offering, succeeding Apple REIT Ten, Inc., which began acquiring hotels in 2007. Headquartered in Richmond, Virginia, the company has developed a track record of disciplined acquisitions and portfolio optimization. Its strategy emphasizes long-term, value-oriented growth achieved through targeted capital expenditures, selective dispositions and active underwriting of new hotel investments.
The company is led by President and Chief Executive Officer Scott M. Oaks, whose leadership is supported by a seasoned executive team with expertise in real estate finance, operations and development. Apple Hospitality REIT seeks to deliver sustained value for shareholders by maintaining high standards of property stewardship, fostering strong relationships with brand partners and pursuing growth opportunities in attractive lodging markets.
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