APLE
- Apple Hospitality REIT, Inc.
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Overview
Company Summary
Apple Hospitality REIT, Inc. (APLE) is a real estate investment trust (REIT) that primarily focuses on owning and operating hotels. As a REIT, the company follows a special tax structure, which requires it to distribute a significant portion of its taxable income to its shareholders in the form of dividends.
Apple Hospitality REIT owns a diverse portfolio of upscale, select-service hotels across the United States. These hotels are typically positioned in prime locations near major business centers, airports, and leisure destinations. The company partners with well-known hotel brands such as Marriott, Hilton, and Hyatt, and operates its properties under the respective brand names.
The primary source of revenue for Apple Hospitality REIT is generated through the rental income received from the hotel properties it owns. The company enters into long-term management or franchise agreements with established hotel operators and receives regular rental payments from them. These operators handle the day-to-day hotel operations, including guest services, marketing, and upkeep.
Apple Hospitality REIT aims to provide attractive and stable returns to its shareholders through a combination of rental income, the potential for capital appreciation, and periodic dividend payments. The company's strategy focuses on investing in high-quality hotel properties, maintaining excellent relationships with its brand partners, and continuously enhancing its portfolio to adapt to evolving market dynamics.
In summary, Apple Hospitality REIT is a real estate investment trust that owns and operates upscale, select-service hotels in strategic locations across the United States, partnering with renowned hotel brands and providing shareholders with income through rental payments and dividends.