secwatch.observer — SEC 8-K summary
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Issuer:     Apple Hospitality REIT, Inc. (APLE)
CIK:        0001418121
Form:       8-K
Filed at:   2024-03-27T23:59:59+00:00
Accession:  0000950170-24-036844
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Apple Hospitality REIT acquires AC Hotel Washington DC for $116.8M
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- Acquired 234-room AC Hotel by Marriott in Washington DC for $116.8M ($499,000 per key).
- Hotel opened Oct 2020, LEED Certified, one block from Walter E. Washington Convention Center.
- Two other hotels under contract: Embassy Suites Madison (~$79.3M, 262 rooms) and Motto Nashville (~$98.2M, 260 rooms).
- Post-acquisition portfolio totals 224 hotels with 29,886 rooms across 37 states and DC.
- Washington DC CBD RevPAR improved ~21% for trailing twelve months ended Dec 2023 vs prior year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1418121/000095017024036844/0000950170-24-036844-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1418121/000095017024036844/aple-20240325.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-036844

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer