Apple Hospitality REIT Acquires Home2 Suites by Hilton Orlando Airport for $20.7 Million or $162K per Key

Apple Hospitality REIT, Inc. | March 20, 2019

RICHMOND, Va.--March 20, 2019 --Apple Hospitality REIT, Inc. (NYSE: APLE) (the "Company" or "Apple Hospitality") today announced the opening and acquisition of the new 128-room Home2 Suites by Hilton Orlando Airport (the "Hotel") for a purchase price of $20.7 million, or approximately $162,000 per key. "This beautiful, newly constructed Home2 Suites adds a presence for us near Florida's busiest airport and is a great addition to our portfolio," said Nelson Knight, Executive Vice President and Chief Investment Officer of Apple Hospitality. "Not only will the Hotel benefit from travelers visiting the many leisure attractions that Orlando ...