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. The newly combined company is one of the largest hospitality REITs in the U.S. with 173 hotels that contain more than 22,000 guestrooms. Thank you for taking the time to learn a little more about the company.
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®, Marriott® Hotels & Resorts, Renaissance® Hotels, Residence Inn® by Marriott®, SpringHill Suites® by Marriott®, TownePlace Suites® by Marriott®, Embassy Suites Hotels®, Hampton Inn®, Hampton Inn & Suites®, Hilton®, Hilton Garden Inn®, Home2 Suites by Hilton® and Homewood Suites by Hilton® brands. The portfolio currently consists of 173 hotels with 22,003 guestrooms in 32 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: