secwatch.observer — SEC 8-K summary
======================================

Issuer:     Apple Hospitality REIT, Inc. (APLE)
CIK:        0001418121
Form:       8-K
Filed at:   2024-06-21T23:59:59+00:00
Accession:  0000950170-24-075886
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Apple Hospitality REIT acquires Embassy Suites Madison for $79.5M, sells SpringHill Suites Greensboro for $7.1M
--------------------------------------------------------------------------------

- Acquired 262-room Embassy Suites by Hilton Madison Downtown for ~$79.5M ($303k per key); sale-leaseback fixed-price contract.
- Sold 82-room SpringHill Suites by Marriott Greensboro for ~$7.1M.
- Portfolio now includes 224 hotels with 30,066 rooms across 37 states and D.C.
- One additional hotel under contract: Motto by Hilton Nashville for ~$98.2M, expected late 2025 (conditions not yet satisfied).
- Madison CBD submarket RevPAR improved ~7% YoY per STR data through May 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1418121/000095017024075886/0000950170-24-075886-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1418121/000095017024075886/aple-20240620.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-075886

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