Apple Hospitality REIT Acquires the Embassy Suites by Hilton Madison Downtown
Apple Hospitality REIT, Inc. Common Shares (APLE)
Last apple hospitality reit, inc. common shares earnings: 2/24 04:15 pm
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Source: Business Wire
RICHMOND, Va.--(BUSINESS WIRE)--Apple Hospitality REIT, Inc. (NYSE: APLE) (the “Company” or “Apple Hospitality”) today announced the opening and acquisition of the 262-room Embassy Suites by Hilton Madison Downtown (the “Hotel”) for approximately $79.5 million, or $303,000 per key.“We are pleased to expand our portfolio with the acquisition of the newly constructed, custom Embassy Suites Madison Downtown and increase our presence within the dynamic and business-friendly Madison market,” said Nelson Knight, President, Real Estate and Investments of Apple Hospitality. “Through our longstanding relationship with one of the industry’s leading and most trusted developers, we secured a fixed-price, take-out contract ahead of development, enabling us to acquire this Hotel at an attractive price despite rising construction costs over the course of development. Ideally located in the heart of downtown Madison, we are confident the Hotel is well positioned to serve the city’s wide variety o
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APLE
Earnings
- 5/6/24 - Miss
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- 6/25/24 - Form 8-K
- 6/21/24 - Form 8-K
- 6/4/24 - Form 4
- APLE's page on the SEC website