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Stock impact report

Apple Hospitality (APLE) Expands With Acquisition in Las Vegas [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
for approximately $75 million, signaling a strategic move to capitalize on the booming hospitality market in Las Vegas. This 299-room property, located at 2989 Paradise Road, Las Vegas, NV, boasts a prime location adjacent to the newly expanded Las Vegas Convention Center, making it a key player in the city's thriving leisure and convention travel scene. Nelson Knight, the president of Real Estate and Investments of Apple Hospitality, expressed optimism about the acquisition, citing Las Vegas as a dynamic destination that has expanded significantly in recent years. The city's growth, marked by the arrival of major league sports teams and large-scale entertainment venues like the Sphere and Formula 1 racing, has contributed to increased leisure travel demand. Additionally, the hotel's proximity to the bustling Las Vegas Convention Center positions it strategically to benefit from the high demand generated by large-scale events and conventions. The purchase price of $75 million at a Show less Read more
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