REIT Rankings Best Real Estate Investment Trust Rankings – REIT Rankings
Justin Knight, president and CEO of Apple Hospitality REIT (NYSE: APLE), joined REIT.com for a CEO Spotlight video interview at REITWorld 2016: NAREIT’s Annual Convention for All Things REIT at the JW Marriott Phoenix Desert Ridge.
In September, Apple Hospitality completed the acquisition of the public non-listed REIT Apple REIT Ten, Inc. Knight said some of the strategic benefits from the deal are starting to accrue to Apple Hospitality.
Justin Knight, president and CEO of Apple Hospitality REIT (NYSE: APLE), joined REIT.com for a CEO Spotlight video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.
Apple Hospitality’s hotels operate exclusively under the Hilton and Marriot brands, with locations in urban, high-end suburban and developing markets.
Condor Hospitality Trust, Inc. (NASDAQ: CDOR) is aggressively transforming its portfolio as it exits the economy hotel segment and moves into upscale and upper midscale, premium-branded select service, extended stay, and limited service hotels across the country.
“We are undergoing a comprehensive change in every aspect of the company,” said Bill Blackham, CEO of Condor, in an interview with REIT.com.
Easing Capital Concerns
Since its listing on the New York Stock Exchange a year ago this month, there’s been little let-up in activity at Richmond, Virginia-based Apple Hospitality REIT, Inc. (NYSE: APLE).
Last month, the lodging REIT announced plans to acquire public non-listed REIT Apple REIT Ten, Inc. in a deal valued at approximately $ 1.3 billion. Apple REIT Ten was formed by Glade Knight, the executive chairman of Apple Hospitality. The merger would create one of the largest lodging REITs in the country.
Since its listing on the New York Stock Exchange a year ago this month, there’s been little let-up in activity at Richmond, Virginia-based Apple Hospitality REIT, Inc. (NYSE: APLE).
Last month, the lodging REIT announced plans to acquire public non-listed REIT Apple REIT Ten, Inc. in a deal valued at approximately $ 1.3 billion. Apple REIT Ten was formed by Glade Knight, the executive chairman of Apple Hospitality. The merger would create one of the largest lodging REITs in the country.
Apple Hospitality REIT, Inc. (NYSE: APLE) said April 14 that it plans to acquire public non-listed REIT Apple REIT Ten, Inc. in a deal valued at $ 1.3 billion.
Apple Hospitality’s portfolio consists of 179 hotels operating exclusively under the Hilton and Marriot brands, with locations in urban, high-end suburban and developing markets. Apple REIT Ten was formed by Glade Knight, who previously served as chairman and CEO of Apple Hospitality REIT. Apple REIT Ten’s portfolio contains 55 Marriott- and Hilton-branded hotels.
Justin Knight, president and CEO of Apple Hospitality REIT (NYSE: APLE), joined REIT.com for a CEO Spotlight video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.
Ashford Hospitality Trust’s move (NYSE: AHT) to sell its select service hotel portfolio in order to focus on upper upscale properties has helped simplify the REIT’s strategy, according to chairman and CEO Monty Bennett.
“Our shareholders wanted clarity,” Bennett said in an interview with REIT.com. He said the decision marks a step toward creating well-defined, distinct strategies for the investment platforms operated by Ashford Inc. (NYSE: AINC), Ashford Trust’s advisor.
