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Stock impact report

Apple Hospitality REIT buys Embassy Suites Madison for $79.5m [Yahoo! Finance]

Apple Hospitality REIT, Inc. Common Shares (APLE) 
Last apple hospitality reit, inc. common shares earnings: 2/24 04:15 pm Check Earnings Report
US:NYSE Investor Relations: ir.applehospitalityreit.com
Company Research Source: Yahoo! Finance
The newly constructed hotel, featuring 262 rooms, has opened at 231 South Pinckney Street, Madison, Wisconsin. This property has amenities including Brickstones Kitchen and Bar, a fitness centre, business centre, meeting rooms, and more. It is located within walking distance to the Monona Terrace Community and Convention Centre and the Wisconsin State Capitol. Apple Hospitality real estate and investments president Nelson Knight said: “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. “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.” Apple Hospitality has also announced the sale o Show less Read more
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