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0.00164609053497939 0.00106995884773662 0.00106995884773662 0 -0.000823045267489694 0.00205761316872431 0.00534979423868309 0.00493827160493831
Stock impact report

Apple Hospitality REIT Acquires the Motto by Hilton Nashville Downtown

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: 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 260-room Motto by Hilton Nashville Downtown (the “Hotel”) for approximately $98.2 million, or $378,000 per key.“We are pleased to expand our portfolio with the acquisition of the newly constructed, innovative Motto by Hilton Nashville Downtown and increase our exposure to the dynamic and vibrant Nashville 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 per-key price within market. The overarching demand trends in Nashville continue to be strong, with resilient leisure demand supported by a wealth of entertainment and sporting venues and strengthening business dem Show less Read more
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