Apple Hospitality REIT (APLE) Reports In-Line Q3 FFO
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Apple Hospitality REIT, Inc. Reports Results of Operations for Third Quarter of 2015
November 5, 2015 4:30 PM ESTRICHMOND, Va.--(BUSINESS WIRE)-- Apple Hospitality REIT, Inc. (NYSE: APLE) (the Company or Apple Hospitality) today announced results of operations for the third quarter of 2015.
Justin Knight, President and Chief Executive Officer, commented, We are pleased to report continued improvement in operating fundamentals for Apple Hospitality. During the third quarter, we achieved Comparable Hotels RevPAR growth of more than six percent and Comparable Hotels Adjusted Hotel EBITDA growth of over 11 percent. Our portfolio of Marriott® and Hilton® branded upscale hotels continues to benefit from broad geographic diversification, with locations across more than 80 MSAs. We anticipate... More
