Apple Hospitality REIT Announces Distribution for Initial Quarter of 2021

RICHMOND, Va.–(Business enterprise WIRE)–Mar 19, 2021–

Apple Hospitality REIT, Inc. (NYSE: APLE) (the “Company” or “Apple Hospitality”) today introduced that its Board of Directors declared a quarterly money distribution of $.01 for every frequent share for the first quarter of 2021. The distribution is payable on April 15, 2021, to shareholders of history as of March 31, 2021.

About Apple Hospitality REIT, Inc.

Apple Hospitality REIT, Inc. (NYSE: APLE) is a publicly traded true estate investment decision belief (“REIT”) that owns 1 of the greatest and most varied portfolios of upscale, rooms-concentrated inns in the United States. Apple Hospitality’s portfolio is made up of 233 accommodations with a lot more than 29,800 visitor rooms situated in 88 marketplaces during 35 states. Concentrated with sector-main makes, the Company’s portfolio is composed of 104 Marriott-branded resorts, 124 Hilton-branded motels, 3 Hyatt-branded motels and two independent lodges. For much more information and facts, make sure you visit www.applehospitalityreit.com.

Forward-Looking Statements Disclaimer

This push release incorporates forward-seeking statements in just the that means of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Trade Act of 1934, as amended. Forward-wanting statements are normally identified by use of statements that incorporate phrases these as “may,” “believe,” “expect,” “anticipate,” “intend,” “estimate,” “project,” “target,” “goal,” “plan,” “should,” “will,” “predict,” “potential,” “outlook,” “strategy,” and related expressions that express the uncertainty of future situations or results. This sort of statements include known and not known threats, uncertainties, and other variables which may perhaps result in the real effects, performance, or achievements of the Organization to be materially different from long run outcomes, effectiveness or achievements expressed or implied by such forward-hunting statements.

At this time, a single of the most considerable variables that could lead to real outcomes to vary materially from the Company’s ahead-on the lookout statements proceeds to be the adverse result of the novel coronavirus COVID-19 pandemic (“COVID-19”), which include resurgences and new variants, on the Company’s enterprise, money general performance and affliction, functioning results and cash flows, the genuine estate marketplace and the hospitality business exclusively, and the world-wide economy and monetary marketplaces usually. The significance, extent and period of the continued impacts brought on by the COVID-19 outbreak on the Organization will count on potential developments, which are extremely unsure and cannot be predicted with self-confidence at this time, which includes the scope, severity and period of the pandemic, the extent and success of the actions taken to comprise the pandemic or mitigate its effects, the speed of the vaccine roll-out, the efficacy, acceptance and availability of vaccines, the duration of connected immunity and efficacy of the vaccines towards emerging variants of COVID-19, the prospective for additional lodge closures/consolidations that may be mandated or advisable, whether or not based on elevated COVID-19 conditions, new variants or other elements, the slowing or rollback of “reopenings” in sure states, and the direct and indirect economic results of the pandemic and containment actions, amongst other people. Moreover, investors are cautioned to interpret quite a few of the challenges determined beneath the portion titled “Risk Factors” in the Company’s Annual Report on Variety 10-K for the fiscal year finished December 31, 2020 as becoming heightened as a final result of the ongoing and several adverse impacts of COVID-19. This kind of additional aspects involve, but are not restricted to, the capability of the Business to effectively purchase and dispose of houses the ability of the Firm to productively combine pending transactions and employ its working strategy variations in normal political, financial and competitive problems and particular current market circumstances decreased business and leisure travel thanks to journey-linked wellbeing fears, such as the widespread outbreak of COVID-19 or an raise in COVID-19 cases or any other infectious or contagious illnesses in the U.S. or overseas adverse alterations in the real estate and serious estate money markets financing threats adjustments in desire prices litigation challenges regulatory proceedings or inquiries and improvements in laws or polices or interpretations of latest laws and polices that influence the Company’s organization, belongings or classification as a REIT. Though the Corporation believes that the assumptions underlying the forward-looking statements contained herein are fair, any of the assumptions could be inaccurate, and for that reason there can be no assurance that these types of statements integrated in this press release will demonstrate to be exact. In light of the significant uncertainties inherent in the forward-searching statements provided herein, the inclusion of this sort of information ought to not be regarded as a representation by the Organization or any other person that the effects or conditions described in these statements or the objectives and programs of the Company will be achieved. In addition, the Company’s qualification as a REIT includes the software of hugely complex and elaborate provisions of the Inside Earnings Code of 1986, as amended. Visitors should cautiously assessment the chance components described in the Company’s filings with the Securities and Trade Commission, which includes but not constrained to people reviewed in the area titled “Risk Factors” in the Company’s Annual Report on Variety 10-K for the fiscal year ended December 31, 2020. Any forward-hunting statement that the Organization tends to make speaks only as of the date of this press launch. The Enterprise undertakes no obligation to publicly update or revise any forward-looking statements or cautionary aspects, as a end result of new data, future situations, or normally, other than as essential by law.

For added details or to get press releases by e mail, take a look at www.applehospitalityreit.com.

Watch supply version on businesswire.com:https://www.businesswire.com/news/home/20210319005204/en/

Speak to: Apple Hospitality REIT, Inc.

Kelly Clarke, Vice President, Trader Relations

804-727-6321

[email protected]

Keyword: UNITED STATES NORTH America VIRGINIA

Market Key phrase: REIT LODGING Business Creating & Serious ESTATE Construction & Home Journey

Resource: Apple Hospitality REIT, Inc.

Copyright Business enterprise Wire 2021.

PUB: 03/19/2021 09:00 AM/DISC: 03/19/2021 09:01 AM

http://www.businesswire.com/information/residence/20210319005204/en