Apple Hospitality REIT Acquires Home2 Suites by Hilton in Anchorage for $24 Million, or $178,000 Per Key

Apple Hospitality REIT, Inc. | December 4, 2017

RICHMOND, Va. - December 4, 2017 - Apple Hospitality REIT, Inc. (NYSE: APLE) ("Apple Hospitality" or the "Company") today announced that it acquired the 135-room Home2 Suites by Hilton® in Anchorage, Alaska, for a purchase price of approximately $24 million, or $178,000 per key. "We are pleased to add this extended-stay hotel to our portfolio and increase our presence in the dynamic Anchorage market," said Nelson Knight, Executive Vice President and Chief Investment Officer of Apple Hospitality REIT. "The hotel is located in midtown Anchorage and benefits from a variety of corporate and leisure demand drivers including nearby corpor...