# EDGAR Filing Document

**Accession Number:** 0001418121
**File Stem:** 0000950170-25-084662
**Filing Date:** 2025-6
**Character Count:** 13778
**Document Hash:** 38ab9f70db782a3b97144fecb99972ed
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950170-25-084662.hdr.sgml**: 20250611

**ACCESSION NUMBER**: 0000950170-25-084662

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 12

**CONFORMED PERIOD OF REPORT**: 20250610

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250611

**DATE AS OF CHANGE**: 20250611

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Apple Hospitality REIT, Inc.
- **CENTRAL INDEX KEY:** 0001418121
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 261379210
- **STATE OF INCORPORATION:** VA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-37389
- **FILM NUMBER:** 251038869

**BUSINESS ADDRESS:**
- **STREET 1:** 814 EAST MAIN STREET
- **CITY:** RICHMOND
- **STATE:** VA
- **ZIP:** 23219
- **BUSINESS PHONE:** 804.344.8121

**MAIL ADDRESS:**
- **STREET 1:** 814 EAST MAIN STREET
- **CITY:** RICHMOND
- **STATE:** VA
- **ZIP:** 23219

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Apple REIT Nine, Inc.
- **DATE OF NAME CHANGE:** 20071109

?xml version='1.0' encoding='ASCII'? 8-K

**UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549**

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## **FORM** 8-K

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**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported):** June 10, 2025<br>

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APPLE HOSPITALITY REIT, INC.

**(Exact name of Registrant as Specified in Its Charter)**

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| | | |
|:---|:---|:---|
| Virginia | 001-37389 | 26-1379210 |
| **(State or Other Jurisdiction<br>of Incorporation)** | **(Commission File Number)** | **(IRS Employer<br>Identification No.)** |
| 814 East Main Street |  |  |
| Richmond**,** Virginia |  | 23219 |
| **(Address of Principal Executive Offices)** |  | **(Zip Code)** |

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**Registrant's Telephone Number, Including Area Code:** 804 344-8121<br>

**(Former Name or Former Address, if Changed Since Last Report)**

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

**Securities registered pursuant to Section 12(b) of the Act:**

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| | | |
|:---|:---|:---|
| **<br>Title of each class** | **Trading<br>Symbol(s)** | **<br>Name of each exchange on which registered** |
| Common Shares, no par value | APLE | The New York Stock Exchange |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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## Apple Hospitality REIT, Inc. (which is referred to below as the "Company") is filing this report in accordance with Items 7.01 and 9.01 of Form 8-K.

## **Item 7.01 Regulation FD Disclosure.** 
On June 11, 2025, the Company issued a press release announcing it recently completed the acquisition of a Homewood Suites by Hilton in Tampa, Florida. A copy of the press release is included as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein solely for purposes of this Item 7.01 disclosure.

*The information contained in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference into any filing made by the Company under the Exchange Act or Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.*

**Item 9.01 Financial Statements and Exhibits.**

**(d) Exhibits**

99.1 [<u>Press Release dated June 11, 2025</u>](aple-ex99_1.htm) <br> 104 Cover Page Interactive Data File (formatted as Inline XBRL).

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | |
|:---|:---|
| **Apple Hospitality REIT, Inc.** | **Apple Hospitality REIT, Inc.** |
| By: | /s/ Justin G. Knight |
|  | Justin G. Knight |
|  | Chief Executive Officer |
|  | June 11, 2025 |

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## Exhibit 99.1

**Exhibit 99.1**

![img1383037_0.jpg](img1383037_0.jpg)

**Apple Hospitality REIT Acquires Homewood Suites by Hilton Tampa-Brandon** 

**RICHMOND, Va. (June 11, 2025)** – Apple Hospitality REIT, Inc. (NYSE: APLE) (the "Company" or "Apple Hospitality") today announced the acquisition of the 126-room Homewood Suites by Hilton Tampa-Brandon (the "Hotel") for a total purchase price of $18.8 million, or approximately $149,000 per key.

"We are pleased to expand our portfolio with the acquisition of the Homewood Suites Tampa-Brandon, which is ideally located adjacent to our Embassy Suites in the same market," said Nelson Knight, President, Real Estate and Investments of Apple Hospitality. "Our acquisition of this Hotel represents a unique opportunity to expand our ownership in a submarket that continues to perform well for us at a purchase price below replacement cost. The Hotel was offered for sale by the loan servicer, and the $18.8 million purchase price represents a 12% cap rate on trailing twelve-month results through April of this year and a high single-digit cap rate after all anticipated capital expenditures. We anticipate that additional upside from operational synergies and improved market positioning following our planned renovation will further enhance returns on our investment. Our execution of this transaction in the current environment illustrates the underlying strength of our platform and our ability to effectively and efficiently deploy capital to maximize total shareholder returns over the long term."

Located at 10240 Palm River Road, Tampa, Florida, the Hotel is just a short drive from downtown. Tampa, the third largest city in Florida, has seen robust economic growth in recent years and benefits from a wide variety of business and leisure demand generators that span conventions, sporting events, life sciences and health care, academics, manufacturing and logistics, insurance, financial and professional services, technology, and more. Numerous corporate offices have locations in Tampa, with Coca-Cola Beverages Florida, USAA, Optum, Progressive Insurance, Citi Tampa, JPMorganChase, Cirkul, Spectrum Business and Rooms To Go, among others, located near the Hotel. Leisure attractions and sports tourism drive significant travel to the area, and the Hotel is a short drive from the Florida State Fairgrounds, Busch Gardens Tampa Bay, The Florida Aquarium, ZooTampa at Lowry Park, the Tampa Riverwalk, Amalie Arena, Raymond James Stadium, George M. Steinbrenner Field and Tropicana Field. Additionally, the Hotel is convenient to HCA Florida Brandon Hospital, Tampa General Hospital's Brandon Healthplex, the recently renovated Tampa Convention Center, the University of South Florida and the University of Tampa. According to data provided by STR for the trailing twelve months ended April 30, 2025, revenue per available room ("RevPAR") for the Tampa East, FL submarket improved by approximately 15% year over year.

As previously announced, the Company continues to have one additional hotel under contract for purchase, a Motto by Hilton that is under development in downtown Nashville, Tennessee, for an anticipated total purchase price of approximately $98.2 million with an expected 260 rooms, which the Company anticipates acquiring in late 2025 following completion of construction. The Company also continues to have one hotel under contract for sale, its 206-room Houston Marriott Energy Corridor for a gross sales price of approximately $16.0 million. The Company expects to complete the sale of the hotel in the third quarter 2025. There are many conditions to closing on the purchase and sale of these hotels that have not yet been satisfied, and there can be no assurance that closings will occur under the outstanding agreements.

Following the acquisition of the Homewood Suites Tampa-Brandon, the Apple Hospitality hotel portfolio includes 221 hotels with 29,893 guest rooms geographically diversified throughout 37 states and the District of Columbia.

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**<u>About Apple Hospitality REIT, Inc.</u>**

Apple Hospitality REIT, Inc. (NYSE: APLE) is a publicly traded real estate investment trust ("REIT") that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States. Apple Hospitality's portfolio consists of 221 hotels with approximately 29,900 guest rooms located in 85 markets throughout 37 states and the District of Columbia. Concentrated with industry-leading brands, the Company's hotel portfolio consists of 97 Marriott-branded hotels, 118 Hilton-branded hotels, five Hyatt-branded hotels and one independent hotel. For more information, please visit www.applehospitalityreit.com.

**<u>Forward-Looking Statements Disclaimer</u>**

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are typically identified by use of statements that include phrases such as "may," "believe," "expect," "anticipate," "intend," "estimate," "project," "target," "goal," "plan," "should," "will," "predict," "potential," "outlook," "strategy," and similar expressions that convey the uncertainty of future events or outcomes. Such statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements.

Such factors include, but are not limited to, the ability of the Company to effectively acquire and dispose of properties and redeploy proceeds; the anticipated timing and frequency of shareholder distributions; the ability of the Company to fund capital obligations; the ability of the Company to successfully integrate pending transactions and implement its operating strategy; changes in general political, economic and competitive conditions and specific market conditions (including the potential effects of tariffs, inflation or a recessionary environment); reduced business and leisure travel due to geopolitical uncertainty, including terrorism and acts of war; travel-related health concerns, including widespread outbreaks of infectious or contagious diseases in the U.S.; inclement weather conditions, including natural disasters such as hurricanes, earthquakes and wildfires; government shutdowns, airline strikes or equipment failures or other disruptions; adverse changes in the real estate and real estate capital markets; financing risks; changes in interest rates; litigation risks; regulatory proceedings or inquiries; and changes in laws or regulations or interpretations of current laws and regulations that impact the Company's business, assets or classification as a REIT. Although the Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore there can be no assurance that such statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the results or conditions described in such statements or the objectives and plans of the Company will be achieved. In addition, the Company's qualification as a REIT involves the application of highly technical and complex provisions of the Internal Revenue Code of 1986, as amended. Readers should carefully review the risk factors described in the Company's filings with the Securities and Exchange Commission, including but not limited to those discussed in the section titled "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024. Any forward-looking statement that the Company makes speaks only as of the date of this press release. The Company undertakes no obligation to publicly update or revise any forward-looking statements or cautionary factors, as a result of new information, future events, or otherwise, except as required by law.

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**<u>Contact:</u>**

Apple Hospitality REIT, Inc.

Kelly Clarke, Vice President, Investor Relations

804-727-6321

kclarke@applereit.com

*For additional information or to receive press releases by email, visit* www.applehospitalityreit.com*.*

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