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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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Ramón A. Rivera-Ramos
Blue Vault Nontraded REIT and Nontraded BDC Reviews
September 1, 2016

Blue Vault helps me to stay well informed on the financial status of both open and closed nontraded REITs and BDCs, so that I can help my clients better understand the product, before they make the decision to invest and after.