On March 1, 2014, following approval by the companies' shareholders, Apple REIT Seven, Inc. and Apple REIT Eight, Inc. merged into Apple REIT Nine, Inc. in two merger transactions. Following the completion of these transactions, Apple REIT Nine’s name was changed to Apple Hospitality REIT, Inc. Our newly combined company is one of the largest hospitality REITs in the U.S. with 188 hotels that contain more than 23,000 guestrooms. Thank you for taking the time to learn a little more about us.
Apple Hospitality REIT, Inc. (formerly Apple REIT Nine, Inc.) is a public, non-listed real estate investment trust (REIT) focused on the acquisition and ownership of income-producing real estate that generates attractive returns for our shareholders. Our hotels operate under the Courtyard® by Marriott®, Fairfield Inn® by Marriott®, Fairfield Inn & Suites® by Marriott®, Renaissance® Hotels, Residence Inn® by Marriott®, SpringHill Suites® by Marriott®, TownePlace Suites® by Marriott®, Marriott®, Embassy Suites Hotels®, Homewood Suites by Hilton®, Home2 Suites by Hilton®, Hilton Garden Inn®, Hampton Inn®, Hampton Inn & Suites® and Hilton® brands. As of the completion of the mergers of Apple REIT Seven, Inc. and Apple REIT Eight, Inc. into Apple REIT Nine, on March 1, 2014, our portfolio consisted of 188 hotels with 23,489 guestrooms in 33 states.
Apple REIT Seven, Apple REIT Eight and Apple REIT Nine were formed by Glade M. Knight. Today, Mr. Knight serves as the Executive Chairman of Apple Hospitality REIT. Mr. Knight has been involved in the management of and investment in real estate ventures for more than 40 years. He also serves as the Chairman and CEO of Apple REIT Ten, Inc.
Apple Hospitality REIT has invested in some of the nation’s leading upscale extended-stay, select-service and full-service hotel brands: