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Apple Hospitality REIT Reaping Benefits from Acquisition

December 20, 2016

Apple Hospitality REIT Reaping Benefits from Acquisition

12/13/2016 | By Sarah Borchersen-Keto | REIT.com

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Justin Knight, president and CEO of Apple Hospitality REIT (NYSE: APLE), joined REIT.com for a CEO Spotlight video interview at REITWorld 2016: NAREIT’s Annual Convention for All Things REIT at the JW Marriott Phoenix Desert Ridge.

In September, Apple Hospitality completed the acquisition of the public non-listed REIT Apple REIT Ten, Inc. Knight said some of the strategic benefits from the deal are starting to accrue to Apple Hospitality.

“It significantly increased our scale and geographic footprint, increased the size and strength of our balance sheet, and increased ownership of key Hilton and Marriott brands,” Knight said.

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Thomas E. Burns, III
July 29, 2015
February 22, 2016

I subscribe to Blue Vault to keep up with the sponsors and their wholesalers! The analysis keeps me up to date with the various portfolios and the way they are managed, including the differences between them.