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CLOSED · 03:40 ET
Market ClerkRecap
Tue Sep 8 · markets closed2 signals on Sep 7189 insider buys this week · $214.6MCIRO short report next: Sep 14The week ahead

APLE

Apple Hospitality REIT, Inc.
NYSE · REAL ESTATE · REAL ESTATE INVESTMENT TRUSTS
15.60
+0.02 +0.13%
USD · close Sep 4
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Work order
47
WATCH · shorts 47
Insiders, 90 days
0
no open-market filings in 90 days
Congress, 90 days
0 / 0
no disclosures naming it
Big money
0 / 15
none of the tracked funds disclose it
Calls on record
0
nobody we score has called it yet
MKT CAP $3.7BP/E 21.1DIV YIELD 6.15%FCF YIELD 7.88%REV TTM $1.4B +1.2%NET INCOME $175.3M −3.1%NET DEBT $1.5B52W 11.17 – 17.07SEC XBRL · TTM TO Invalid Date

How APLE rewrote its risk factors

10-K ITEM 1A · FY2024 → FY2025
Text kept
22%
of sentences unchanged
Added
622
new sentences
Dropped
616
sentences removed
Length
+48
words, now 39,167

New in FY2025

  • P roperties As of December 31, 2025, the Company owned 217 hotels with an aggregate of 29,583 guest rooms located in 37 states and the District of Columbia and substantially all of the Company’s hotels operated under Marriott or Hilton brands.
  • As of December 31, 2025, the hotels are operated and managed under separate management agreements with one of 16 hotel management companies, none of which are affiliated with the Company.
  • The following table summarizes the number of hotels and guest rooms by state: Number of Hotels and Guest Rooms by State Number of Number of State Hotels Guest Rooms Alabama 1,246 Alaska Arizona 1,776 California 3,553 Colorado Florida 2,970 Georgia Idaho Illinois 1,255 Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Nebraska Nevada New Jersey New York North Carolina Ohio Oklahoma Oregon Pennsylvania South Carolina Tennessee 1,424 Texas 3,005 Utah Virginia 1,667 Washington Wisconsin Washington D.C.
  • Total 29,583 The following table summarizes the location, brand, manager, date acquired or completed and number of guest rooms for each of the 217 hotels that the Company owned as of December 31, 2025.
  • As noted below, 14 of the Company’s properties are subject to ground leases and 10 of its hotels are encumbered by mortgage debt.
  • City State Brand Manager (1) Date Acquired or Completed Guest Rooms Anchorage AK Embassy Suites InnVentures 4/30/2010 Anchorage AK Home2 Suites InnVentures 12/1/2017 Auburn AL Hilton Garden Inn LBA 3/1/2014 Birmingham AL Courtyard LBA 3/1/2014 Birmingham AL Hilton Garden Inn LBA 9/12/2017 Birmingham AL Home2 Suites LBA 9/12/2017 Birmingham AL Homewood Suites McKibbon 3/1/2014 Dothan AL Hilton Garden Inn LBA 6/1/2009 Dothan AL Residence Inn LBA 3/1/2014 Huntsville AL Hampton LBA 9/1/2016 Huntsville AL Hilton Garden Inn LBA 3/1/2014 Huntsville AL Home2 Suites LBA 9/1/2016 Huntsville AL Homewood Suites LBA 3/1/2014 Mobile AL Hampton McKibbon 9/1/2016 (2) Prattville AL Courtyard LBA 3/1/2014 Chandler AZ Courtyard North Central 11/2/2010 Chandler AZ Fairfield North Central 11/2/2010 Phoenix AZ Courtyard North Central 11/2/2010 Phoenix AZ Hampton North Central 9/1/2016 (2) Phoenix AZ Hampton North Central 5/2/2018 Phoenix AZ Homewood Suites North Central 9/1/2016 (2) Phoenix AZ Residence Inn North Central 11/2/2010 Scottsdale AZ Hilton Garden Inn North Central 9/1/2016 Tempe AZ Hyatt House Crestline 8/13/2020 (2) Tempe AZ Hyatt Place Crestline 8/13/2020 (2) Tucson AZ Hilton Garden Inn Western 7/31/2008 Tucson AZ Residence Inn Western 3/1/2014 Tucson AZ TownePlace Suites Western 10/6/2011 Agoura Hills CA Homewood Suites Dimension 3/1/2014 Burbank CA Courtyard Huntington 8/11/2015 (3) Burbank CA Residence Inn Marriott 3/1/2014 (4) Burbank CA SpringHill Suites Marriott 7/13/2015 (3)(4) Cypress CA Courtyard Dimension 3/1/2014 Cypress CA Hampton Dimension 6/29/2015 Oceanside CA Courtyard Marriott 9/1/2016 (4) Oceanside CA Residence Inn Marriott 3/1/2014 (4) Rancho Bernardo/San Diego CA Courtyard InnVentures 3/1/2014 Sacramento CA Hilton Garden Inn Dimension 3/1/2014 San Bernardino CA Residence Inn InnVentures 2/16/2011 San Diego CA Courtyard Huntington 9/1/2015 (3) San Diego CA Hampton Dimension 3/1/2014 (3) San Diego CA Hilton Garden Inn InnVentures 3/1/2014 San Diego CA Residence Inn Dimension 3/1/2014 San Jose CA Homewood Suites Dimension 3/1/2014 (3) San Juan Capistrano CA Residence Inn Marriott 9/1/2016 (2)(5) Santa Ana CA Courtyard Dimension 5/23/2011 (3) City State Brand Manager (1) Date Acquired or Completed Guest Rooms Santa Clarita CA Courtyard Dimension 9/24/2008 Santa Clarita CA Fairfield Dimension 10/29/2008 Santa Clarita CA Hampton Dimension 10/29/2008 Santa Clarita CA Residence Inn Dimension 10/29/2008 Tustin CA Fairfield Marriott 9/1/2016 (4) Tustin CA Residence Inn Marriott 9/1/2016 (4) Colorado Springs CO Hampton Chartwell 9/1/2016 Denver CO Hilton Garden Inn InnVentures 9/1/2016 Highlands Ranch CO Hilton Garden Inn Dimension 3/1/2014 Highlands Ranch CO Residence Inn Dimension 3/1/2014 Boca Raton FL Hilton Garden Inn Dimension 9/1/2016 Cape Canaveral FL Hampton LBA 4/30/2020 Cape Canaveral FL Homewood Suites LBA 9/1/2016 Cape Canaveral FL Home2 Suites LBA 4/30/2020 Fort Lauderdale FL Hampton Dimension 6/23/2015 Fort Lauderdale FL Residence Inn LBA 9/1/2016 Gainesville FL Hilton Garden Inn McKibbon 9/1/2016 Gainesville FL Homewood Suites McKibbon 9/1/2016 Jacksonville FL Homewood Suites McKibbon 3/1/2014 Jacksonville FL Hyatt Place Crestline 12/7/2018 Miami FL Courtyard Dimension 3/1/2014 (2) Miami FL Hampton HHM 4/9/2010 Miami FL Homewood Suites Dimension 3/1/2014 Orlando FL Fairfield Marriott 7/1/2009 (6) Orlando FL Home2 Suites LBA 3/19/2019 Orlando FL SpringHill Suites Marriott 7/1/2009 (6) Panama City FL Hampton LBA 3/12/2009 Panama City FL TownePlace Suites LBA 1/19/2010 Pensacola FL TownePlace Suites McKibbon 9/1/2016 Tallahassee FL Fairfield LBA 9/1/2016 Tallahassee FL Hilton Garden Inn LBA 3/1/2014 (2) Tampa FL Embassy Suites HHM 11/2/2010 Tampa FL Homewood Suites HHM 6/10/2025 Atlanta/Downtown GA Hampton McKibbon 2/5/2018 Atlanta/Perimeter Dunwoody GA Hampton LBA 6/28/2018 Atlanta GA Home2 Suites McKibbon 7/1/2016 Macon GA Hilton Garden Inn LBA 3/1/2014 (2) Savannah GA Hilton Garden Inn Newport 3/1/2014 (2) Davenport IA Hampton Chartwell 9/1/2016 Boise ID Hampton Raymond 4/30/2010 (3) Des Plaines IL Hilton Garden Inn Raymond 9/1/2016 Hoffman Estates IL Hilton Garden Inn HHM 9/1/2016 Mettawa IL Hilton Garden Inn HHM 11/2/2010 Mettawa IL Residence Inn HHM 11/2/2010 Rosemont IL Hampton Raymond 9/1/2016 Skokie IL Hampton Raymond 9/1/2016 Warrenville IL Hilton Garden Inn HHM 11/2/2010 Merrillville IN Hilton Garden Inn HHM 9/1/2016 City State Brand Manager (1) Date Acquired or Completed Guest Rooms Mishawaka IN Residence Inn HHM 11/2/2010 South Bend IN Fairfield HHM 9/1/2016 Overland Park KS Fairfield Raymond 3/1/2014 Overland Park KS Residence Inn Raymond 3/1/2014 Louisville KY AC Hotels Concord 10/25/2022 Lafayette LA Hilton Garden Inn LBA 7/30/2010 (2) Lafayette LA SpringHill Suites LBA 6/23/2011 New Orleans LA Homewood Suites Dimension 3/1/2014 Marlborough MA Residence Inn Crestline 3/1/2014 Westford MA Hampton Crestline 3/1/2014 Westford MA Residence Inn Crestline 3/1/2014 Annapolis MD Hilton Garden Inn Crestline 3/1/2014 Silver Spring MD Hilton Garden Inn Crestline 7/30/2010 Portland ME AC Hotels Crestline 8/20/2021 Portland ME Aloft Hotels Crestline 9/10/2021 Portland ME Residence Inn Crestline 10/13/2017 (3) Novi MI Hilton Garden Inn HHM 11/2/2010 Maple Grove MN Hilton Garden Inn North Central 9/1/2016 Rochester MN Hampton Raymond 8/3/2009 St.
  • Louis MO Hampton Raymond 4/30/2010 Hattiesburg MS Courtyard LBA 3/1/2014 Hattiesburg MS Residence Inn LBA 12/11/2008 Carolina Beach NC Courtyard Crestline 3/1/2014 Charlotte NC Fairfield Newport 9/1/2016 Durham NC Homewood Suites McKibbon 12/4/2008 Fayetteville NC Home2 Suites LBA 2/3/2011 Jacksonville NC Home2 Suites LBA 9/1/2016 Wilmington NC Fairfield Crestline 3/1/2014 Winston-Salem NC Hampton McKibbon 9/1/2016 Omaha NE Courtyard HHM 3/1/2014 Omaha NE Hampton HHM 9/1/2016 Omaha NE Hilton Garden Inn HHM 9/1/2016 Omaha NE Homewood Suites HHM 9/1/2016 Cranford NJ Homewood Suites Dimension 3/1/2014 Mahwah NJ Homewood Suites Dimension 3/1/2014 Mount Laurel NJ Homewood Suites Newport 1/11/2011 Somerset NJ Courtyard Newport 3/1/2014 (2) West Orange NJ Courtyard Newport 1/11/2011 Las Vegas NV SpringHill Suites Highgate 12/27/2023 Islip/Ronkonkoma NY Hilton Garden Inn Crestline 3/1/2014 New York NY Independent Highgate 3/1/2014 (2)(7) Syracuse NY Courtyard Crestline 10/16/2015 Syracuse NY Residence Inn Crestline 10/16/2015 Cleveland OH Courtyard Concord 6/30/2023 City State Brand Manager (1) Date Acquired or Completed Guest Rooms Mason OH Hilton Garden Inn Raymond 9/1/2016 Twinsburg OH Hilton Garden Inn Concord 10/7/2008 Oklahoma City OK Hampton Raymond 5/28/2010 Oklahoma City OK Hilton Garden Inn Raymond 9/1/2016 Oklahoma City OK Homewood Suites Raymond 9/1/2016 Oklahoma City (West) OK Homewood Suites Chartwell 9/1/2016 Portland OR Hampton Raymond 11/17/2021 Collegeville/Philadelphia PA Courtyard Newport 11/15/2010 Malvern/Philadelphia PA Courtyard Newport 11/30/2010 Pittsburgh PA AC Hotels Concord 10/25/2022 Pittsburgh PA Hampton Newport 12/31/2008 Charleston SC Home2 Suites LBA 9/1/2016 Columbia SC Hilton Garden Inn Newport 3/1/2014 Columbia SC TownePlace Suites Newport 9/1/2016 Greenville SC Hyatt Place Crestline 9/1/2021 Hilton Head SC Hilton Garden Inn McKibbon 3/1/2014 Franklin TN Courtyard Chartwell 9/1/2016 Franklin TN Residence Inn Chartwell 9/1/2016 Knoxville TN Homewood Suites McKibbon 9/1/2016 Knoxville TN SpringHill Suites McKibbon 9/1/2016 Memphis TN Hampton Crestline 2/5/2018 Memphis TN Hilton Garden Inn Crestline 10/28/2021 Nashville TN Motto Chartwell 12/19/2025 Nashville TN Hilton Garden Inn Dimension 9/30/2010 Nashville TN Home2 Suites Dimension 5/31/2012 Nashville TN TownePlace Suites Chartwell 9/1/2016 Addison TX SpringHill Suites Western 3/1/2014 Arlington TX Hampton Western 12/1/2010 Austin TX Courtyard Dimension 11/2/2010 Austin TX Fairfield Dimension 11/2/2010 Austin TX Hampton Dimension 4/14/2009 Austin TX Homewood Suites Dimension 4/14/2009 Austin/Round Rock TX Hampton Dimension 3/6/2009 Austin/Round Rock TX Homewood Suites Dimension 9/1/2016 Dallas TX Homewood Suites Western 9/1/2016 Denton TX Homewood Suites Chartwell 9/1/2016 El Paso TX Homewood Suites Western 3/1/2014 Fort Worth TX Courtyard LBA 2/2/2017 Fort Worth TX Hilton Garden Inn Raymond 11/17/2021 Fort Worth TX Homewood Suites Raymond 11/17/2021 Fort Worth TX TownePlace Suites Western 7/19/2010 Frisco TX Hilton Garden Inn Western 12/31/2008 Grapevine TX Hilton Garden Inn Western 9/24/2010 Houston TX Courtyard LBA 9/1/2016 Houston TX Residence Inn Western 3/1/2014 Houston TX Residence Inn Western 9/1/2016 Lewisville TX Hilton Garden Inn Western 10/16/2008 San Antonio TX TownePlace Suites Western 3/1/2014 City State Brand Manager (1) Date Acquired or Completed Guest Rooms Shenandoah TX Courtyard LBA 9/1/2016 Stafford TX Homewood Suites Western 3/1/2014 Texarkana TX Hampton Western 1/31/2011 Provo UT Residence Inn North Central 3/1/2014 Salt Lake City UT Courtyard North Central 10/11/2023 Salt Lake City UT Hyatt House North Central 10/11/2023 Salt Lake City UT Residence Inn North Central 10/20/2017 Salt Lake City UT SpringHill Suites North Central 11/2/2010 South Jordan UT Embassy Suites HHM 11/21/2023 Alexandria VA Courtyard HHM 3/1/2014 Alexandria VA SpringHill Suites HHM 3/28/2011 Charlottesville VA Courtyard Crestline 3/1/2014 Manassas VA Residence Inn Crestline 2/16/2011 Richmond VA Courtyard White Lodging 12/8/2014 (3) Richmond VA Marriott White Lodging 3/1/2014 (2) Richmond VA Residence Inn White Lodging 12/8/2014 (3) Suffolk VA Courtyard Crestline 3/1/2014 Suffolk VA TownePlace Suites Crestline 3/1/2014 Virginia Beach VA Courtyard Crestline 3/1/2014 Virginia Beach VA Courtyard Crestline 3/1/2014 Kirkland WA Courtyard InnVentures 3/1/2014 Renton WA Residence Inn InnVentures 10/18/2023 Seattle WA Residence Inn InnVentures 3/1/2014 Tukwila WA Homewood Suites Dimension 3/1/2014 Madison WI Hilton Garden Inn Raymond 2/18/2021 Madison WI Embassy Suites Raymond 6/20/2024 Washington, D.C. - AC Hotels HHM 3/25/2024 Total 29,583 (1) The management companies are defined in Note 9 titled “Management and Franchise Agreements” in Part II, Item 8 in this Annual Report on Form 10-K.
  • (2) Property is subject to ground lease.
  • (4) Manager noted is as of December 31, 2025.
  • In January 2026, management responsibility of this property was transferred from Marriott to Huntington.
  • (5) Manager noted is as of December 31, 2025.
  • In January 2026, management responsibility of this property was transferred from Marriott to Dimension.
  • (6) Manager noted is as of December 31, 2025.
  • In January 2026, management responsibility of this property was transferred from Marriott to Crestline.
  • (7) As of December 31, 2025, this property was included in the Company’s hotel and guest room counts.
  • On April 4, 2025, the Company recovered possession of the New York Property and reinstated operations of the hotel’s 209 guest rooms through a third-party manager engaged by the Company.
  • From May 2023 through March 2025, the Company classified the property as a “non-hotel property” and excluded it from hotel and guest room counts, as it was leased to a third-party hotel operator.
  • Following the third-party hotel operator's failure to make lease payments, the Company commenced legal proceedings in 2024 to remove the third-party hotel operator from possession of the property.
  • In April 2025, the Company and the third-party hotel operator entered into an agreement to mutually release all claims, to terminate the lease and for the third-party hotel operator to voluntarily surrender possession of the property back to the Company.
  • In December 2025, the Company added three guest rooms bringing the total guest room count to 212 as of December 31, 2025.
  • The Company’s investment in real estate as of December 31, 2025 consisted of the following (in thousands): Land $ 841,027 Building and improvements 5,137,909 Furniture, fixtures and equipment 649,910 Finance ground lease assets 102,084 Franchise fees 29,198 6,760,128 Less accumulated depreciation and amortization (1,972,264 ) Investment in real estate, net $ 4,787,864 For additional information about the Company’s properties, refer to Schedule III – Real Estate and Accumulated Depreciation and Amortization included at the end of Part IV, appearing elsewhere in this Annual Report on Form 10-K.
  • As of December 31, 2025 and February 17, 2026, the last reported closing price per share for the Company’s common shares as reported on the NYSE was $11.85 and $12.29, respectively.
  • Share Return Performance The following graph compares the five-year cumulative total shareholder return of the Company’s common shares to the cumulative total returns of the Standard and Poor’s 500 Stock Index (“S&P 500 Index”), the FTSE Nareit Equity Lodging/Resorts Index and the Dow Jones U.S.
  • The FTSE Nareit Equity Lodging/Resorts Index and the Dow Jones U.S.
  • Real Estate Hotels Index are comprised of publicly traded REITs which focus on investments in hotel properties.
  • Value of Initial Investment at Name 12/31/20 12/31/21 12/31/22 12/31/23 12/31/24 12/31/25 Apple Hospitality REIT, Inc. $ 100.00 $ 125.42 $ 128.44 $ 144.25 $ 142.43 $ 118.77 S&P 500 Index $ 100.00 $ 128.71 $ 105.40 $ 133.10 $ 166.40 $ 196.16 FTSE Nareit Equity Lodging/Resorts Index (1) $ 100.00 $ 117.97 $ 97.06 $ 117.25 $ 108.56 $ 98.17 Dow Jones U.S.
  • Real Estate Hotels Index (1) $ 100.00 $ 114.53 $ 96.92 $ 111.16 $ 108.23 $ 106.05 (1) The Company is replacing the Dow Jones U.S.
  • Real Estate Hotels Index with the FTSE Nareit Equity Lodging/Resorts Index as its comparative index, as the FTSE Nareit Equity Lodging/Resorts Index more closely represents the industry in which the Company operates.
  • This performance graph shall not be deemed “filed” for the purposes of Section 18 of the Exchange Act, or incorporated by reference into any filing by the Company under the Securities Act, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
  • Shareholder Information As of February 17, 2026, the Company had approximately 95 holders of record of its common shares and there were approximately 236 million common shares outstanding.
  • For the years ended December 31, 2025 and 2024, the Company paid distributions of $1.01 per common share, including a special distribution of $0.05 per common share, in each period for a total of approximately $240.4 million and $243.7 million, respectively.
  • As it has done historically, due to seasonality, the Company may use its Revolving Credit Facility to maintain the consistency of the distribution rate during the year, taking into consideration any acquisitions, dispositions, capital improvements and economic cycles.
  • Share Repurchases In May 2025, the Company’s Board of Directors approved a one-year extension of its existing Share Repurchase Program, authorizing share repurchases up to an aggregate of $262.6 million.
  • The Share Repurchase Program may be suspended or terminated at any time by the Company and will end in July 2026 if not terminated or extended earlier.
  • During the year ended December 31, 2025, the Company purchased, under its Share Repurchase Program, approximately 4.6 million of its common shares at a weighted-average market purchase price of approximately $ 12.55 per common share for an aggregate purchase price, including commissions, of approximately $ 58.3 million.
  • Purchases under the Share Repurchase Program have been funded, and the Company intends to fund future share repurchases, with cash on hand, proceeds from dispositions or availability under its unsecured credit facilities, subject to applicable restrictions under the Company’s unsecured credit facilities (if any).
  • The timing of share repurchases and the number of common shares to be purchased under the Share Repurchase Program will also depend upon prevailing market conditions, regulatory requirements and other factors.
  • As of December 31, 2025, approximately $ 242.5 million remained available for purchase under the Share Repurchase Program.
  • Additionally, during 2025, certain of the Company’s employees surrendered common shares to satisfy their tax withholding obligations associated with the vesting of common shares issued under the 2014 Omnibus Incentive Plan as described in Note 8 titled “Compensation Plans” in Part II, Item 8, of the Consolidated Financial Statements and Notes thereto, appearing elsewhere in this Annual Report on Form 10-K.
  • The following is a summary of all share repurchases during the fourth quarter of 2025: Issuer Purchases of Equity Securities (a) (b) (c) (d) Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (in thousands) (1) October 1 - October 31, 2025 256,266 $ 11.86 256,266 $ 252,522 November 1 - November 30, 2025 85,754 $ 11.89 85,754 $ 251,502 December 1 - December 31, 2025 (2) 869,024 $ 11.77 766,409 $ 242,507 Total 1,211,044 1,108,429 (1) Represents amount outstanding under the Company’s authorized $262.6 million Share Repurchase Program.

and 582 more.

Gone since FY2024

  • P roperties As of December 31, 2024, the Company owned 221 hotels with an aggregate of 29,764 guest rooms located in 37 states and the District of Columbia, including two hotels with a total of 206 guest rooms classified as held for sale, one of which was sold to an unrelated party in February 2025, while the other is expected to be sold in the first quarter of 2025.
  • Substantially all of the Company’s hotels operate under Marriott or Hilton brands.
  • The hotels are operated and managed under separate management agreements with 16 hotel management companies, none of which are affiliated with the Company.
  • The following table summarizes the number of hotels and guest rooms by state: Number of Hotels and Guest Rooms by State Number of Number of State Hotels Guest Rooms Alabama 1,246 Alaska Arizona 1,776 California 3,722 Colorado Florida 2,844 Georgia Idaho Illinois 1,255 Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Nebraska Nevada New Jersey New York North Carolina Ohio Oklahoma Oregon Pennsylvania South Carolina Tennessee 1,240 Texas 3,211 Utah Virginia 1,667 Washington Wisconsin Washington D.C.
  • Total 29,764 The following table summarizes the location, brand, manager, date acquired or completed and number of guest rooms for each of the 221 hotels and the non-hotel property that the Company owned as of December 31, 2024.
  • As noted below, 14 of the Company’s properties are subject to ground leases and 14 of its hotels are encumbered by mortgage notes.
  • City State Brand Manager (1) Date Acquired or Completed Guest Rooms Anchorage AK Embassy Suites InnVentures 4/30/2010 Anchorage AK Home2 Suites InnVentures 12/1/2017 Auburn AL Hilton Garden Inn LBA 3/1/2014 Birmingham AL Courtyard LBA 3/1/2014 Birmingham AL Hilton Garden Inn LBA 9/12/2017 Birmingham AL Home2 Suites LBA 9/12/2017 Birmingham AL Homewood Suites McKibbon 3/1/2014 Dothan AL Hilton Garden Inn LBA 6/1/2009 Dothan AL Residence Inn LBA 3/1/2014 Huntsville AL Hampton LBA 9/1/2016 Huntsville AL Hilton Garden Inn LBA 3/1/2014 Huntsville AL Home2 Suites LBA 9/1/2016 Huntsville AL Homewood Suites LBA 3/1/2014 Mobile AL Hampton McKibbon 9/1/2016 (3) Prattville AL Courtyard LBA 3/1/2014 Chandler AZ Courtyard North Central 11/2/2010 Chandler AZ Fairfield North Central 11/2/2010 Phoenix AZ Courtyard North Central 11/2/2010 Phoenix AZ Hampton North Central 9/1/2016 (3) Phoenix AZ Hampton North Central 5/2/2018 Phoenix AZ Homewood Suites North Central 9/1/2016 (3) Phoenix AZ Residence Inn North Central 11/2/2010 Scottsdale AZ Hilton Garden Inn North Central 9/1/2016 Tempe AZ Hyatt House Crestline 8/13/2020 (3) Tempe AZ Hyatt Place Crestline 8/13/2020 (3) Tucson AZ Hilton Garden Inn Western 7/31/2008 Tucson AZ Residence Inn Western 3/1/2014 Tucson AZ TownePlace Suites Western 10/6/2011 Agoura Hills CA Homewood Suites Dimension 3/1/2014 Burbank CA Courtyard Huntington 8/11/2015 (2) Burbank CA Residence Inn Marriott 3/1/2014 Burbank CA SpringHill Suites Marriott 7/13/2015 (2) Clovis CA Hampton Dimension 7/31/2009 Clovis CA Homewood Suites Dimension 2/2/2010 Cypress CA Courtyard Dimension 3/1/2014 Cypress CA Hampton Dimension 6/29/2015 Oceanside CA Courtyard Marriott 9/1/2016 (2) Oceanside CA Residence Inn Marriott 3/1/2014 Rancho Bernardo/San Diego CA Courtyard InnVentures 3/1/2014 Sacramento CA Hilton Garden Inn Dimension 3/1/2014 San Bernardino CA Residence Inn InnVentures 2/16/2011 San Diego CA Courtyard Huntington 9/1/2015 (2) San Diego CA Hampton Dimension 3/1/2014 (2) San Diego CA Hilton Garden Inn InnVentures 3/1/2014 San Diego CA Residence Inn Dimension 3/1/2014 San Jose CA Homewood Suites Dimension 3/1/2014 (2) City State Brand Manager (1) Date Acquired or Completed Guest Rooms San Juan Capistrano CA Residence Inn Marriott 9/1/2016 (3) Santa Ana CA Courtyard Dimension 5/23/2011 (2) Santa Clarita CA Courtyard Dimension 9/24/2008 Santa Clarita CA Fairfield Dimension 10/29/2008 Santa Clarita CA Hampton Dimension 10/29/2008 Santa Clarita CA Residence Inn Dimension 10/29/2008 Tustin CA Fairfield Marriott 9/1/2016 Tustin CA Residence Inn Marriott 9/1/2016 Colorado Springs CO Hampton Chartwell 9/1/2016 Denver CO Hilton Garden Inn InnVentures 9/1/2016 (2) Highlands Ranch CO Hilton Garden Inn Dimension 3/1/2014 Highlands Ranch CO Residence Inn Dimension 3/1/2014 Boca Raton FL Hilton Garden Inn Dimension 9/1/2016 Cape Canaveral FL Hampton LBA 4/30/2020 Cape Canaveral FL Homewood Suites LBA 9/1/2016 Cape Canaveral FL Home2 Suites LBA 4/30/2020 Fort Lauderdale FL Hampton Dimension 6/23/2015 Fort Lauderdale FL Residence Inn LBA 9/1/2016 Gainesville FL Hilton Garden Inn McKibbon 9/1/2016 Gainesville FL Homewood Suites McKibbon 9/1/2016 Jacksonville FL Homewood Suites McKibbon 3/1/2014 Jacksonville FL Hyatt Place Crestline 12/7/2018 Miami FL Courtyard Dimension 3/1/2014 (3) Miami FL Hampton HHM 4/9/2010 Miami FL Homewood Suites Dimension 3/1/2014 Orlando FL Fairfield Marriott 7/1/2009 Orlando FL Home2 Suites LBA 3/19/2019 Orlando FL SpringHill Suites Marriott 7/1/2009 Panama City FL Hampton LBA 3/12/2009 Panama City FL TownePlace Suites LBA 1/19/2010 Pensacola FL TownePlace Suites McKibbon 9/1/2016 Tallahassee FL Fairfield LBA 9/1/2016 Tallahassee FL Hilton Garden Inn LBA 3/1/2014 (3) Tampa FL Embassy Suites HHM 11/2/2010 Atlanta/Downtown GA Hampton McKibbon 2/5/2018 Atlanta/Perimeter Dunwoody GA Hampton LBA 6/28/2018 Atlanta GA Home2 Suites McKibbon 7/1/2016 Macon GA Hilton Garden Inn LBA 3/1/2014 (3) Savannah GA Hilton Garden Inn Newport 3/1/2014 (3) Cedar Rapids IA Hampton Chartwell 9/1/2016 Cedar Rapids IA Homewood Suites Chartwell 9/1/2016 Davenport IA Hampton Chartwell 9/1/2016 Boise ID Hampton Raymond 4/30/2010 (2) Des Plaines IL Hilton Garden Inn Raymond 9/1/2016 Hoffman Estates IL Hilton Garden Inn HHM 9/1/2016 Mettawa IL Hilton Garden Inn HHM 11/2/2010 Mettawa IL Residence Inn HHM 11/2/2010 Rosemont IL Hampton Raymond 9/1/2016 City State Brand Manager (1) Date Acquired or Completed Guest Rooms Skokie IL Hampton Raymond 9/1/2016 Warrenville IL Hilton Garden Inn HHM 11/2/2010 Indianapolis IN SpringHill Suites HHM 11/2/2010 (4) Merrillville IN Hilton Garden Inn HHM 9/1/2016 Mishawaka IN Residence Inn HHM 11/2/2010 South Bend IN Fairfield HHM 9/1/2016 Overland Park KS Fairfield Raymond 3/1/2014 Overland Park KS Residence Inn Raymond 3/1/2014 Louisville KY AC Hotels Concord 10/25/2022 Lafayette LA Hilton Garden Inn LBA 7/30/2010 (3) Lafayette LA SpringHill Suites LBA 6/23/2011 New Orleans LA Homewood Suites Dimension 3/1/2014 Marlborough MA Residence Inn Crestline 3/1/2014 Westford MA Hampton Crestline 3/1/2014 Westford MA Residence Inn Crestline 3/1/2014 (2) Annapolis MD Hilton Garden Inn Crestline 3/1/2014 Silver Spring MD Hilton Garden Inn Crestline 7/30/2010 Portland ME AC Hotels Crestline 8/20/2021 Portland ME Aloft Hotels Crestline 9/10/2021 Portland ME Residence Inn Crestline 10/13/2017 (2) Novi MI Hilton Garden Inn HHM 11/2/2010 Maple Grove MN Hilton Garden Inn North Central 9/1/2016 Rochester MN Hampton Raymond 8/3/2009 St.
  • Louis MO Hampton Raymond 4/30/2010 Hattiesburg MS Courtyard LBA 3/1/2014 Hattiesburg MS Residence Inn LBA 12/11/2008 Carolina Beach NC Courtyard Crestline 3/1/2014 Charlotte NC Fairfield Newport 9/1/2016 Durham NC Homewood Suites McKibbon 12/4/2008 Fayetteville NC Home2 Suites LBA 2/3/2011 Jacksonville NC Home2 Suites LBA 9/1/2016 Wilmington NC Fairfield Crestline 3/1/2014 Winston-Salem NC Hampton McKibbon 9/1/2016 Omaha NE Courtyard Marriott 3/1/2014 Omaha NE Hampton HHM 9/1/2016 Omaha NE Hilton Garden Inn HHM 9/1/2016 (2) Omaha NE Homewood Suites HHM 9/1/2016 Cranford NJ Homewood Suites Dimension 3/1/2014 Mahwah NJ Homewood Suites Dimension 3/1/2014 Mount Laurel NJ Homewood Suites Newport 1/11/2011 Somerset NJ Courtyard Newport 3/1/2014 (3) West Orange NJ Courtyard Newport 1/11/2011 Las Vegas NV SpringHill Suites Highgate 12/27/2023 (5) Islip/Ronkonkoma NY Hilton Garden Inn Crestline 3/1/2014 City State Brand Manager (1) Date Acquired or Completed Guest Rooms New York NY (non-hotel) N/A 3/1/2014 - (3)(6) Syracuse NY Courtyard Crestline 10/16/2015 Syracuse NY Residence Inn Crestline 10/16/2015 Cleveland OH Courtyard Concord 6/30/2023 Mason OH Hilton Garden Inn Raymond 9/1/2016 Twinsburg OH Hilton Garden Inn Concord 10/7/2008 Oklahoma City OK Hampton Raymond 5/28/2010 Oklahoma City OK Hilton Garden Inn Raymond 9/1/2016 Oklahoma City OK Homewood Suites Raymond 9/1/2016 Oklahoma City (West) OK Homewood Suites Chartwell 9/1/2016 Portland OR Hampton Raymond 11/17/2021 Collegeville/Philadelphia PA Courtyard Newport 11/15/2010 Malvern/Philadelphia PA Courtyard Newport 11/30/2010 Pittsburgh PA AC Hotels Concord 10/25/2022 Pittsburgh PA Hampton Newport 12/31/2008 Charleston SC Home2 Suites LBA 9/1/2016 Columbia SC Hilton Garden Inn Newport 3/1/2014 Columbia SC TownePlace Suites Newport 9/1/2016 Greenville SC Hyatt Place Crestline 9/1/2021 Hilton Head SC Hilton Garden Inn McKibbon 3/1/2014 Chattanooga TN Homewood Suites LBA 3/1/2014 (7) Franklin TN Courtyard Chartwell 9/1/2016 Franklin TN Residence Inn Chartwell 9/1/2016 Knoxville TN Homewood Suites McKibbon 9/1/2016 Knoxville TN SpringHill Suites McKibbon 9/1/2016 Memphis TN Hampton Crestline 2/5/2018 Memphis TN Hilton Garden Inn Crestline 10/28/2021 Nashville TN Hilton Garden Inn Dimension 9/30/2010 Nashville TN Home2 Suites Dimension 5/31/2012 Nashville TN TownePlace Suites Chartwell 9/1/2016 Addison TX SpringHill Suites Marriott 3/1/2014 Arlington TX Hampton Western 12/1/2010 Austin TX Courtyard HHM 11/2/2010 Austin TX Fairfield HHM 11/2/2010 Austin TX Hampton Dimension 4/14/2009 Austin TX Homewood Suites Dimension 4/14/2009 Austin/Round Rock TX Hampton Dimension 3/6/2009 Austin/Round Rock TX Homewood Suites Dimension 9/1/2016 Dallas TX Homewood Suites Western 9/1/2016 Denton TX Homewood Suites Chartwell 9/1/2016 El Paso TX Homewood Suites Western 3/1/2014 Fort Worth TX Courtyard LBA 2/2/2017 Fort Worth TX Hilton Garden Inn Raymond 11/17/2021 Fort Worth TX Homewood Suites Raymond 11/17/2021 Fort Worth TX TownePlace Suites Western 7/19/2010 Frisco TX Hilton Garden Inn Western 12/31/2008 Grapevine TX Hilton Garden Inn Western 9/24/2010 Houston TX Courtyard LBA 9/1/2016 City State Brand Manager (1) Date Acquired or Completed Guest Rooms Houston TX Marriott Western 1/8/2010 Houston TX Residence Inn Western 3/1/2014 Houston TX Residence Inn Western 9/1/2016 Lewisville TX Hilton Garden Inn Western 10/16/2008 San Antonio TX TownePlace Suites Western 3/1/2014 Shenandoah TX Courtyard LBA 9/1/2016 Stafford TX Homewood Suites Western 3/1/2014 Texarkana TX Hampton Western 1/31/2011 Provo UT Residence Inn Dimension 3/1/2014 Salt Lake City UT Courtyard North Central 10/11/2023 Salt Lake City UT Hyatt House North Central 10/11/2023 Salt Lake City UT Residence Inn Huntington 10/20/2017 Salt Lake City UT SpringHill Suites HHM 11/2/2010 South Jordan UT Embassy Suites HHM 11/21/2023 Alexandria VA Courtyard Marriott 3/1/2014 Alexandria VA SpringHill Suites Marriott 3/28/2011 Charlottesville VA Courtyard Crestline 3/1/2014 Manassas VA Residence Inn Crestline 2/16/2011 Richmond VA Courtyard White Lodging 12/8/2014 (2) Richmond VA Marriott White Lodging 3/1/2014 (3) Richmond VA Residence Inn White Lodging 12/8/2014 (2) Suffolk VA Courtyard Crestline 3/1/2014 Suffolk VA TownePlace Suites Crestline 3/1/2014 Virginia Beach VA Courtyard Crestline 3/1/2014 Virginia Beach VA Courtyard Crestline 3/1/2014 Kirkland WA Courtyard InnVentures 3/1/2014 Renton WA Residence Inn InnVentures 10/18/2023 Seattle WA Residence Inn InnVentures 3/1/2014 Tukwila WA Homewood Suites Dimension 3/1/2014 Madison WI Hilton Garden Inn Raymond 2/18/2021 Madison WI Embassy Suites Raymond 6/20/2024 Washington, D.C. - AC Hotels HHM 3/25/2024 Total 29,764 (1) The management companies are defined in Note 9 titled “Management and Franchise Agreements” in Part II, Item 8 in this Annual Report on Form 10-K.
  • (3) Property is subject to ground lease.
  • (4) Hotel was classified as held for sale as of December 31, 2024 and is expected to be sold to an unrelated party in the first quarter of 2025.
  • (5) In the second quarter of 2024, the property converted a meeting room into a guest room, increasing the number of guest rooms from 299 at acquisition to 300.
  • (6) In May 2023, the Company entered into an operating lease for an initial 15-year term with a third-party hotel operator at its independent boutique hotel in New York, New York for all hotel operations of the hotel’s 210 guest rooms.
  • Lease revenue from this property is recorded in other revenue in the Company’s consolidated statements of operations and comprehensive income.
  • As a result of the lease and transfer of possession to the operator, this property has been excluded from the Company’s hotel and guest room counts since May 2023 and is considered a non-hotel property.
  • As a result of the operator's failure to make lease payments, the Company has commenced legal proceedings to remove the operator from possession of the hotel.
  • The Company intends to enforce its rights under the lease and transition management of the hotel to a third-party manager, however, the removal process is still ongoing and the timing of the resolution of this matter and the transition of management operations cannot be predicted at this time.
  • (7) Hotel was classified as held for sale as of December 31, 2024 and was sold to an unrelated party in February 2025.
  • The Company’s investment in real estate as of December 31, 2024, consisted of the following (in thousands): Land $ 839,187 Building and improvements 5,064,866 Furniture, fixtures and equipment 610,062 Finance ground lease assets 102,084 Franchise fees 25,893 6,642,092 Less accumulated depreciation and amortization (1,821,344 ) Investment in real estate, net $ 4,820,748 For additional information about the Company’s properties, refer to Schedule III – Real Estate and Accumulated Depreciation and Amortization included at the end of Part IV, appearing elsewhere in this Annual Report on Form 10-K.
  • As of December 31, 2024 and February 18, 2025, the last reported closing price per share for the Company’s common shares as reported on the NYSE was $15.35 and $15.38, respectively.
  • Share Return Performance The following graph compares the five-year cumulative total shareholder return of the Company’s common shares to the cumulative total returns of the Standard and Poor’s 500 Stock Index (“S&P 500 Index”) and the Dow Jones U.S.
  • Real Estate Hotels Index is comprised of publicly traded REITs which focus on investments in hotel properties.
  • Value of Initial Investment at Name 12/31/19 12/31/20 12/31/21 12/31/22 12/31/23 12/31/24 Apple Hospitality REIT, Inc. $ 100.00 $ 81.09 $ 101.70 $ 104.15 $ 116.97 $ 115.49 S&P 500 Index $ 100.00 $ 118.40 $ 152.39 $ 124.79 $ 157.59 $ 197.02 Dow Jones U.S.
  • Real Estate Hotels Index $ 100.00 $ 73.69 $ 84.40 $ 71.42 $ 81.91 $ 79.75 This performance graph shall not be deemed “filed” for the purposes of Section 18 of the Exchange Act, or incorporated by reference into any filing by the Company under the Securities Act, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
  • Shareholder Information As of February 18, 2025, the Company had approximately 99 holders of record of its common shares and there were approximately 240 million common shares outstanding.
  • For the years ended December 31, 2024 and 2023, the Company paid distributions of $1.01 and $1.04 per common share for a total of approximately $243.7 million and $238.3 million, respectively.
  • In addition to the regular monthly cash distribution of $0.08 per common share approved by the Board of Directors in December 2024, the Board of Directors approved a special cash distribution of $0.05 per common share for a combined distribution of $0.13 per common share, paid in January 2025, to shareholders of record as of December 31, 2024.
  • As it has done historically, due to seasonality, the Company may use its Revolving Credit Facility to maintain the consistency of the distribution rate, taking into consideration any acquisitions, dispositions, capital improvements and economic cycles.
  • Share Repurchases In May 2024, the Company’s Board of Directors approved a one-year extension of its existing Share Repurchase Program, authorizing share repurchases up to an aggregate of $335.4 million.
  • The Share Repurchase Program may be suspended or terminated at any time by the Company and will end in July 2025 if not terminated or extended earlier.
  • During the year ended December 31, 2024, the Company purchased, under its Share Repurchase Program, approximately 2.4 million of its common shares at a weighted-average market purchase price of approximately $ 14.16 per common share for an aggregate purchase price, including commissions, of approximately $ 34.7 million.
  • Repurchases under the Share Repurchase Program have been funded, and the Company intends to fund future repurchases, with cash on hand, proceeds from dispositions or availability under its unsecured credit facilities, subject to applicable restrictions under the Company’s unsecured credit facilities (if any).
  • The timing of share repurchases and the number of common shares to be repurchased under the Share Repurchase Program will also depend upon prevailing market conditions, regulatory requirements and other factors.
  • As of December 31, 2024, approximately $ 300.8 million remained available for purchase under the Share Repurchase Program.
  • Additionally, during 2024, certain of the Company’s employees surrendered common shares to satisfy their tax withholding obligations associated with the vesting of common shares issued under the 2014 Omnibus Incentive Plan as described in Note 8 titled “Compensation Plans” in Part II, Item 8, of the Consolidated Financial Statements and Notes thereto, appearing elsewhere in this Annual Report on Form 10-K.
  • The following is a summary of all share repurchases during the fourth quarter of 2024: Issuer Purchases of Equity Securities (a) (b) (c) (d) Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (in thousands) (1) October 1 - October 31, 2024 - - - $ 300,794 November 1 - November 30, 2024 - - - $ 300,794 December 1 - December 31, 2024 (2) 170,970 $ 16.05 - $ 300,794 Total 170,970 - (1) Represents amount outstanding under the Company’s authorized $335.4 million Share Repurchase Program.
  • This program, which was announced in 2015 and most recently extended in May 2024, may be suspended or terminated at any time by the Company and will end in July 2025 if not terminated or extended earlier.
  • (2) Consists of common shares surrendered to the Company to satisfy tax withholding obligations associated with the vesting of restricted common shares.
  • In May 2024, the 2014 Omnibus Plan was terminated effective upon shareholder approval of the 2024 Omnibus Plan, and no further grants can be made under the 2014 Omnibus Plan, provided however, that the termination did not affect any outstanding incentive awards previously issued under the 2014 Omnibus Plan.
  • The Company’s Board of Directors previously adopted, and the Company’s shareholders approved, the non-employee directors’ stock option plan (the “Directors’ Plan”) to provide incentives to attract and retain directors.
  • In May 2015, the Directors’ Plan was terminated effective upon the Listing, and no further grants can be made under the Directors’ Plan, provided however, that the termination did not affect any outstanding director option awards previously issued under the Directors’ Plan.

and 576 more.

Sentence-level comparison of Item 1A in the two most recent 10-Ks (FY2024 ↗, FY2025 ↗). A reworded sentence counts as one dropped and one added, so heavy edits read as low “kept”. Headings and page furniture are stripped; nothing is summarised by a model.

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