Apple Hospitality REIT, Inc. is a real estate investment trust that owns a portfolio of upscale, select-service and extended-stay hotels across the United States. The company generates revenue primarily through hotel operations, including room accommodations, food and beverage services, and other guest services.
Its properties operate under well-known hotel brands, including Marriott, Hilton and Hyatt. The portfolio includes brands such as Courtyard by Marriott, Fairfield by Marriott, Residence Inn, SpringHill Suites, Hampton by Hilton, Hilton Garden Inn, Homewood Suites, Hyatt Place and Hyatt House, among others. Apple Hospitality generally focuses on hotels serving business and leisure travelers in markets with diverse demand drivers.
Apple Hospitality REIT was formed in 2014 through the combination of Apple REIT Seven and Apple REIT Eight. The company is headquartered in Richmond, Virginia, and its hotels are located in a range of metropolitan areas and regional markets throughout the United States. Its management team is led by Chief Executive Officer Justin Knight.
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