RICHMOND, Va.–(Business enterprise WIRE)–Apple Hospitality REIT, Inc. (NYSE: APLE) (“Apple Hospitality” or the “Company”) now introduced the appointment of Howard Woolley to its Board of Administrators (the “Board”), successful March 1, 2021. Mr. Woolley will stand for election as a Board-recommended nominee at the Company’s 2021 Yearly Assembly of Shareholders.
“We are delighted to welcome Howard to our Board of Directors,” explained Glade Knight, Government Chairman of Apple Hospitality. “When we started the search to expand our Board very last 12 months, we sought people with leadership practical experience in finance, engineering or govt affairs. Howard brings remarkable working experience to our Board, as a chief in community policy, regulatory and government affairs and as a key contributor to a selection of strategic, transformational transactions for massive engineering and wi-fi organizations. Howard will be an outstanding addition to our Board, and we glimpse forward to his insight and leadership.”
Mr. Woolley has served as President of Howard Woolley Group, LLC, a authorities relations, general public policy, regulatory threat, and diversity, equity and inclusion advisory company serving substantial technological know-how and wi-fi business companies, due to the fact January 2015. Prior to founding Howard Woolley Team, LLC, Mr. Woolley experienced a effective 20-calendar year profession with Verizon Communications Inc. (“Verizon”) until finally his retirement from the organization in 2013. In the course of his tenure with Verizon, Mr. Woolley was instrumental in the creation and expansion of Verizon Wireless, heading federal and condition governing administration affairs, public coverage and regulatory issues main the corporation’s strategic outreach to civil rights, consumer and general public curiosity organizations and serving as the general public coverage advisor to all CEOs from the founding of Verizon Wi-fi in 2000. Although at Verizon, Mr. Woolley served as Senior Vice President Wireless Coverage and Strategic Alliances (2010 – 2013), Senior Vice President Federal and State Authorities Affairs (2000 – 2010), and in government leadership positions like Vice President Wi-fi Policy and Worldwide Governing administration Affairs (1993 – 2000). From 1981 till 1993, Mr. Woolley served in numerous congressional affairs and regulatory public coverage positions in the long run growing to the posture of Vice President, Regulatory Affairs, with the Nationwide Affiliation of Broadcasters. Mr. Woolley currently serves as the Lead Impartial Director for the Somos, Inc. Board of Administrators and serves on the Audit Committee and Nominating and Governance Committee of these board. Mr. Woolley also serves on the Allianz Lifetime Insurance policy Company of North The usa Board of Directors where by he is a member of the Audit Committee and the Nomination, Analysis and Compensation Committee of such board. Mr. Woolley is on the Board of Trustees for Johns Hopkins Medicine in which he co-chairs the Exterior Affairs and Neighborhood Engagement Committee, which has oversight of the institution’s initiatives to inform the neighborhood about COVID-19. Mr. Woolley is on the Board of Trustees for Syracuse College and serves on the Audit and Possibility Committee and Tutorial Affairs Committee for such board. He has served on the boards of The Govt Leadership Council, the Entire world Affairs Council, UnidosUS, the Congressional Black Caucus Basis and All people Wins DC, and is a receiver of the Nationwide City League’s maximum award for support on their Board of Trustees. Mr. Woolley retains a Bachelor of Science degree in Radio and Tv Broadcasting from the S.I. Newhouse College of Public Communications at Syracuse College and a Learn of Administrative Sciences degree in Organization Administration and Administration from Johns Hopkins College. Mr. Woolley is a National Affiliation of Company Directors Governance Fellow.
Apple Hospitality’s Board provides important steerage and assistance to management, and the Corporation is fully commited to a Board that has diverse views and backgrounds. Mr. Woolley’s appointment will increase the sizing of Apple Hospitality’s Board from eight to 9 associates. Mr. Woolley was also appointed to the Board’s Nominating and Company Governance Committee, efficient March 1, 2021.
In addition, the Company nowadays introduced that its 2021 Yearly Assembly of Shareholders will be held at 9:00 a.m. Japanese Time on Thursday, May well 13, 2021. The conference will choose place at the Courtyard and Home Inn Richmond Downtown, positioned at 1320 East Cary Road, Richmond, Virginia 23219, and is open to shareholders of record as of March 19, 2021.
About Apple Hospitality REIT, Inc.
Apple Hospitality REIT, Inc. (NYSE: APLE) is a publicly traded true estate financial commitment trust (“REIT”) that owns one of the greatest and most diverse portfolios of upscale, rooms-centered inns in the United States. Apple Hospitality’s portfolio consists of 234 resorts with approximately 30,000 visitor rooms situated in 88 markets through 35 states. Concentrated with business-main brands, the Company’s portfolio is made up of 104 Marriott-branded hotels, 125 Hilton-branded accommodations, a few Hyatt-branded motels and two independent lodges. For much more information and facts, you should check out www.applehospitalityreit.com.
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At this time, one particular of the most major factors that could cause precise outcomes to differ materially from the Company’s forward-looking statements carries on to be the adverse result of the novel coronavirus COVID-19 pandemic (“COVID-19”), together with resurgences and new variants, on the Company’s small business, economic overall performance and situation, working benefits and hard cash flows, the real estate marketplace and the hospitality business particularly, and the international financial state and fiscal markets typically. The significance, extent and length of the ongoing impacts prompted by the COVID-19 outbreak on the Business will count on upcoming developments, which are extremely uncertain and simply cannot be predicted with self esteem at this time, such as the scope, severity and duration of the pandemic, the extent and usefulness of the actions taken to include the pandemic or mitigate its affect, the speed of the vaccine roll-out, the efficacy, acceptance and availability of vaccines, the period of involved immunity and efficacy of the vaccines from rising variants of COVID-19, the likely for added resort closures/consolidations that may perhaps be mandated or a good idea, irrespective of whether primarily based on elevated COVID-19 scenarios, new variants or other variables, the slowing or rollback of “reopenings” in specific states, and the direct and indirect financial outcomes of the pandemic and containment actions, amongst others. Also, buyers are cautioned to interpret quite a few of the challenges identified underneath the area titled “Risk Factors” in the Company’s Once-a-year Report on Type 10-K for the fiscal yr ended December 31, 2020 as staying heightened as a final result of the ongoing and a lot of adverse impacts of COVID-19. This kind of additional things consist of, but are not limited to, the means of the Firm to successfully get and dispose of attributes the ability of the Corporation to productively combine pending transactions and employ its functioning technique modifications in standard political, economic and aggressive circumstances and unique market place disorders minimized enterprise and leisure vacation owing to travel-connected overall health fears, like the prevalent outbreak of COVID-19 or an improve in COVID-19 conditions or any other infectious or contagious ailments in the U.S. or abroad adverse adjustments in the true estate and genuine estate funds marketplaces funding pitfalls modifications in curiosity prices litigation risks regulatory proceedings or inquiries and alterations in rules or polices or interpretations of latest rules and rules that effects the Company’s enterprise, property or classification as a REIT. Even though the Firm thinks that the assumptions fundamental the forward-searching statements contained herein are fair, any of the assumptions could be inaccurate, and thus there can be no assurance that these kinds of statements included in this press release will verify to be exact. In light-weight of the major uncertainties inherent in the forward-looking statements incorporated herein, the inclusion of this sort of details should really not be regarded as a representation by the Company or any other man or woman that the outcomes or circumstances described in this sort of statements or the targets and programs of the Organization will be reached. In addition, the Company’s qualification as a REIT entails the application of highly specialized and sophisticated provisions of the Inner Revenue Code of 1986, as amended. Viewers ought to very carefully overview the possibility elements explained in the Company’s filings with the Securities and Trade Fee, which includes but not minimal to people discussed in the part titled “Risk Factors” in the Company’s Once-a-year Report on Variety 10-K for the fiscal yr finished December 31, 2020. Any forward-wanting statement that the Corporation will make speaks only as of the date of this press launch. The Corporation undertakes no obligation to publicly update or revise any ahead-wanting statements or cautionary variables, as a end result of new data, long term events, or normally, apart from as necessary by regulation.
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