Apple Hospitality REIT Acquires 136-Room Residence Inn by Marriott® Salt Lake City Murray for $25.5 Million

Apple Hospitality REIT, Inc. | October 23, 2017

RICHMOND, Va.--October 23, 2017--Apple Hospitality REIT, Inc. (NYSE: APLE) ("Apple Hospitality" or the "Company") today announced that it acquired the 179-room Residence Inn by Marriott® Portland Downtown/Waterfront and the 136-room Residence Inn by Marriott® Salt Lake City Murray. "We are pleased to enter the Portland, Maine market and to strengthen our exposure to Salt Lake City through the acquisition of these hotels, further diversifying the range of corporate and leisure demand generators for our portfolio," said Nelson Knight, Executive Vice President and Chief Investment Officer of Apple Hospitality REIT. "In addition to ...