Apple Hospitality REIT Completes Acquisition of Embassy Suites by Hilton South Jordan Salt Lake City

Apple Hospitality REIT, Inc. | November 22, 2023

RICHMOND, Va.--Apple Hospitality REIT, Inc. (NYSE: APLE) (the “Company” or “Apple Hospitality”) today announced that it has completed the acquisition of the 192-room Embassy Suites by Hilton South Jordan Salt Lake City (the “Hotel”) for approximately $36.8 million, or $191,000 per key. “We are pleased to expand our portfolio with the acquisition of this ideally located Embassy Suites by Hilton in South Jordan,” said Nelson Knight, President, Real Estate and Investments of Apple Hospitality. “South Jordan is a thriving, dynamic city in the Salt Lake City metropolitan area that has experienced strong economic, employment an...