APPLE HOSPITALITY REIT, INC. (NYSE:APLE) Files An 8-K Other EventsItem 8.01. Other Events.
On March 29, 2018, the Company issued a press release announcing it has established a written trading Plan ("Plan") authorizing the repurchase of its common shares in open market transactions. This Plan was established as part of the Company's previously announced $475 million share repurchase program.
A copy of the press release is included as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
Press Release dated March 29, 2018
Apple Hospitality REIT, Inc. ExhibitEX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 Apple Hospitality REIT Announces Establishment of 10b5-1 Share Repurchase Plan RICHMOND,…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.