Apple Hospitality REIT (APLE) Reports Q2 MFFO of $0.52

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Apple Hospitality REIT, Inc. Reports Results of Operations for Second Quarter 2016

August 8, 2016 4:15 PM EDT

RICHMOND, Va.--(BUSINESS WIRE)-- Apple Hospitality REIT, Inc. (NYSE: APLE) (the Company or Apple Hospitality) today announced results of operations for the second quarter of 2016.

Justin Knight, President and Chief Executive Officer, commented, We are pleased with our second quarter results including Comparable Hotels RevPAR growth of 5.1 percent, Adjusted EBITDA growth of 11.6 percent and an increase in Comparable Hotels Adjusted Hotel EBITDA Margin of 90 basis points. We remain excited by the financial and strategic merits of the potential merger with Apple REIT Ten, which we anticipate to close in early September assuming shareholder vote... More