APLE News and Press, Apple Hospitality REIT Inc. From 08/03/23

2023-08-03 16:20:19 ET Apple Hospitality press release ( NYSE: APLE ): Q2 FFO of $0.49 in-line. Revenue of $361.63M (+7.1% Y/Y) beats by $9.25M . As compared to previously provided 2023 guidance, the Company is adjusting: Net income by decreasing the low end of the...

Apple Hospitality REIT, Inc. (NYSE: APLE) (the “Company” or “Apple Hospitality”) today announced results of operations for the second quarter ended June 30, 2023. Justin Knight, Chief Executive Officer of Apple Hospitality, commented, “Demand trends across o...

2023-07-30 08:00:00 ET Summary Hotel REITs are making a steady comeback, with a 4.62% increase in 2023, slightly off the average REIT pace of 4.90%. Airline travel has returned to pre-pandemic levels, boosting hotel demand, and gasoline prices are down over 20% from last year, enc...

2023-07-18 09:15:46 ET Summary The broad S&P500 edged up 1.2% in June, while the Dow Jones rose slightly by 0.8% during the month. Investment activity in June picked up significantly from May, with net investments totaling around $2,200, primarily targeted towards the financia...

2023-07-18 02:02:06 ET Summary The success of Taylor Swift's Eras Tour and Beyonce's Renaissance Tour is expected to drive significant revenue for certain hotel REITs, particularly in the US. Service Properties Trust and Apple Hospitality are predicted to benefit most, with proper...

2023-07-14 13:45:13 ET Summary Sweden's Central Bank reported a higher than expected 9.7% inflation rate in May, partly attributed to the impact of Beyonce's Renaissance Tour on hotel prices. The article explores the potential for hotel REITs to benefit from major concert tours, c...

2023-07-10 07:03:02 ET Summary Apple Hospitality is a publicly traded hotel REIT with a portfolio of 221 hotels across 37 states, and a market cap of approximately $3.5 billion. Despite the pandemic, APLE has recovered faster than its peers and is currently trading at a 30% discou...

2023-07-09 09:00:00 ET Summary U.S. equity markets slumped this past week while benchmark interest rates climbed towards the highest levels of 2023 after employment data showed enough labor market resilience to keep the "hawks" in control. After an end-of-quarter rally lifted the ...

2023-07-05 16:49:18 ET Apple Hospitality REIT ( NYSE: APLE ) expanded its portfolio with the acquisition of the newly renovated Courtyard by Marriott Cleveland University Circle for $31M, or about $201K per key, it said Wednesday. The 154-room Cleveland, Ohio-based Hotel ope...

Apple Hospitality REIT, Inc. (NYSE: APLE) (the “Company” or “Apple Hospitality”) today announced the acquisition of the newly renovated Courtyard by Marriott Cleveland University Circle (the “Hotel”) for $31 million, or approximately $201,000 per key. ...