APPLE HOSPITALITY REIT, INC. (NYSE:APLE) Files An 8-K Other EventsItem 8.01 Other Events.
The Company is filing as Exhibit 99.1 (which is incorporated by reference herein) a description of the material U.S. federal income tax considerations relating to the Company’s qualification and taxation as a real estate investment trust, or REIT, and the ownership and disposition of the Company’s common shares. The description contained in Exhibit 99.1 to this Form 8-K replaces and supersedes prior descriptions of the U.S. federal income tax treatment of the Company and its securityholders to the extent that they are inconsistent with the description contained in this Form 8-K.
Item 9.01 Financial Statements and Exhibits.
Material U.S. Federal Income Tax Considerations
Apple Hospitality REIT, Inc. ExhibitEX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 MATERIAL U.S. FEDERAL INCOME TAX CONSIDERATIONS The following discussion describes the U.S. federal income tax considerations reasonably anticipated to be material to prospective holders in connection with the purchase,…To view the full exhibit click
About APPLE HOSPITALITY REIT, INC. (NYSE:APLE)
Apple Hospitality REIT, Inc. is a self-advised real estate investment trust (REIT) that invests in income-producing real estate, primarily in the lodging sector, in the United States. The Company owns hotel properties throughout the United States. The Company owns approximately 180 hotels operating in over 30 states with an aggregate of approximately 22,960 rooms. All of the Company’s hotels operate under Marriott or Hilton brands. The Company has REIT subsidiaries, which lease all of the Company’s hotels from qualified REIT subsidiaries. Its hotels are operated and managed under separate management agreements with over 20 hotel management companies, none of which are affiliated with it. Its primary business objective is to maximize shareholder value by achieving long-term growth in cash available for distributions to its shareholders. Its real estate portfolio also includes over 100 continuing hotels located in over 30 states, with an aggregate of approximately 12,120 rooms.