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Apple Hospitality REIT, Inc. (NYSE: APLE) (the “Company” or “Apple Hospitality”) announced today that it has released enhanced information regarding the Company’s continued commitment to the environment, corporate responsibility social and corporate governance.
“Apple Hospitality has always strived to meet high environmental, social and governance standards, and we are pleased to provide additional details on our continued efforts in these areas,” commented Justin Knight, CEO of Apple Hospitality. “We are committed to minimizing the environmental impact of our business and the hotels we own and we are committed to having a positive impact on our entire business, the hospitality industry, our local communities and the many communities that our hotels serve. We remain committed to race and gender equality and the goal of a world free from all forms of discrimination. Together with our branded subsidiaries, our hotel management teams and other industry colleagues, we focus on promoting sustainability initiatives that effectively balance environmental stewardship with our business goals, improving our communities through thoughtful outreach programs and promote diversity and inclusion. These initiatives have always been extremely important to us, and we will continue to improve our programs and related disclosures. “
Apple Hospitality’s enhanced disclosures are intended to provide stakeholders with a better understanding of the Company’s policies, programs, procedures and initiatives related to environmental stewardship, social responsibility and corporate governance and are available in the Responsibility section of the Company. company website of the Company at applehospitalityreit.com/corporate-responsibility. The Company expects that it will continue to improve disclosures related to these matters over time.
About Apple Hospitality REIT, Inc.
Apple Hospitality REIT, Inc. (NYSE: APLE) is a publicly traded real estate investment trust (“REIT”) with one of the largest and most diverse portfolios of upscale, room-focused hotels in Canada. United States. Apple Hospitality’s portfolio consists of 235 hotels with more than 30,000 rooms located in 87 markets in 34 states. Focused on industry-leading brands, the company’s portfolio consists of 104 Marriott-branded hotels, 126 Hilton-branded hotels, three Hyatt-branded hotels and two independent hotels. For more information, please visit www.applehospitalityreit.com.
Disclaimer Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are generally identified by the use of statements that include phrases such as “may”, “believe”, “expect”, “anticipate”, “intend”, “estimate”, ” plan ”,“ target ”,“ objective ”,“ objective, ”“ plan ”,“ should ”,“ will ”,“ foresee ”,“ potential ”,“ prospect ”,“ strategy ”and similar expressions which reflect the uncertainty of future events or results. Such statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from the results, performance or future achievements expressed or implied by these forward-looking statements.
Currently, one of the most important factors that could cause actual results to differ materially from the Company’s forward-looking statements is the negative effect of COVID-19, including possible resurgences, on business, performance and the Company’s financial condition, results of operations and cash flow. flows, the real estate market and the hospitality industry in particular, and the global economy and financial markets in general. The significance, extent and duration of the impacts caused by the COVID-19 outbreak on Society will depend on future developments, which are highly uncertain and cannot be predicted with confidence at this time, including the extent, the severity and duration of the pandemic, the extent and effectiveness of measures taken to contain the pandemic or mitigate its impact, the potential for additional hotel closures / consolidations which may be mandatory or desirable, whether based on an increase in cases of COVID-19 or other factors, the potential slowdown or decline of “reopenings” in some states, and the direct and indirect economic effects of the pandemic and containment measures, among others. In addition, investors are urged to interpret many of the risks identified in the section titled “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019 as being increased due to of the adverse effects of COVID-19. These additional factors include, but are not limited to, the Company’s ability to effectively acquire and dispose of properties; the Company’s ability to successfully integrate ongoing transactions and implement its operating strategy; changes in general political, economic and competitive conditions and specific market conditions; reduction in business and leisure travel due to travel-related health issues, including the widespread outbreak of COVID-19 or an increase in cases of COVID-19 or any other infectious or contagious disease in the United States United or abroad; adverse changes in the real estate and real estate capital markets; financing risks; the risk of litigation; regulatory proceedings or investigations; and changes in laws or regulations or interpretations of applicable laws and regulations that affect the business, assets or classification of the Company as a REIT. Although the Company believes that the assumptions underlying the forward-looking statements contained in this document are reasonable, any of the assumptions may be inaccurate and, therefore, there can be no assurance that any such statements included in this press release will prove to be correct. . In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of this information should not be construed as a representation by the Company or any person other than the results or conditions described in such statements or the objectives and plans. of the Company will be reached. In addition, the qualification of the Company as a REIT involves the application of highly technical and complex provisions of the Internal Revenue Code. Readers should carefully consider the risk factors described in the Company’s filings with the Securities and Exchange Commission, including, but not limited to, those discussed in the section entitled “Risk Factors” in the Annual Report. of the Company on Form 10-K for the year ended December. December 31, 2019 and quarterly report on Form 10-Q for the quarter ended September 30, 2020. Any forward-looking statements made by the Company speak only as of the date of this press release. The Company assumes no obligation to publicly update or revise any forward-looking statements or cautionary factors, as a result of new information, future events or otherwise, except as required by law.
For more information or to receive press releases by email, visit www.applehospitalityreit.com.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20201221005386/en/
Contacts
Apple Hospitality REIT, Inc.
Kelly Clarke, Vice President, Investor Relations
804-727-6321
[email protected]
