Apple Hospitality REIT Reaping Benefits from Acquisition
12/13/2016 | By Sarah Borchersen-Keto | REIT.com
Justin Knight, president and CEO of Apple Hospitality REIT (NYSE: APLE), joined REIT.com for a CEO Spotlight video interview at REITWorld 2016: NAREIT’s Annual Convention for All Things REIT at the JW Marriott Phoenix Desert Ridge.
In September, Apple Hospitality completed the acquisition of the public non-listed REIT Apple REIT Ten, Inc. Knight said some of the strategic benefits from the deal are starting to accrue to Apple Hospitality.
“It significantly increased our scale and geographic footprint, increased the size and strength of our balance sheet, and increased ownership of key Hilton and Marriott brands,” Knight said.