| Market Capitalization (Millions $) |
3,679 |
| Shares
Outstanding (Millions) |
236 |
| Employees |
64 |
| Revenues (TTM) (Millions $) |
1,422 |
| Net Income (TTM) (Millions $) |
172 |
| Cash Flow (TTM) (Millions $) |
-29 |
| Capital Exp. (TTM) (Millions $) |
213 |
Business Description
Apple Hospitality REIT Inc, commonly known as Apple Hospitality, is a publicly-traded Real Estate Investment Trust (REIT) that specializes in acquiring, owning, and managing upscale, select-service hotels across the United States. The company was founded in 2007 and had its initial public offering (IPO) in 2015.
Since its inception, the company has grown its portfolio to consist of 233 hotels across 35 states. Its hotels operate under well-established brands such as Hilton, Marriott, Hyatt, and Residence Inn, among others, and cater to a wide range of travelers, including business and leisure travelers.
Apple Hospitality's business model revolves around owning and managing hotel properties that generate stable, long-term income from a combination of room rentals, food and beverage sales, and other ancillary services. The company aims to provide its shareholders with consistent monthly income, long-term capital appreciation, and a high level of transparency and accountability.
The company's strategic approach to hotel ownership and management has led to consistent financial success since its inception. As of December 31, 2020, the company had total assets of $6.2 billion, with a market capitalization of over $3 billion. The company's total revenue for 2020 was $1.03 billion, with a net income of $102.2 million.
Apple Hospitality's management philosophy centers around providing high-quality service to its guests and building strong relationships with its hotel brand partners and employees. The company has a team of experienced hotel professionals who oversee the day-to-day operations of its properties, including marketing, sales, and revenue management.
In addition to its primary focus on hotel ownership and management, Apple Hospitality is committed to sustainable business practices and social responsibility. The company incorporates environmental sustainability initiatives into its operations, including energy efficiency, water conservation, and waste reduction. Additionally, the company actively supports charitable organizations and partners with local organizations to support the communities where its hotels are located.
Overall, Apple Hospitality REIT Inc is a reputable and reliable company that has established a successful track record in the hospitality industry. With its proven expertise and commitment to sustainability and social responsibility, Apple Hospitality is well-positioned to continue its success in the years to come.
Company Address: 814 East Main Street Richmond 23219 VA
Company Phone Number: 344-8121 Stock Exchange / Ticker: NYSE APLE
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100 %