Apple Hospitality REIT Enhances Corporate Responsibility Disclosures
December 21 2020 - 09:00AM
Business Wire
Apple Hospitality REIT, Inc. (NYSE:APLE) (the “Company” or
“Apple Hospitality”) today announced that it has published enhanced
disclosures related to the Company’s ongoing commitment to the
environment, social responsibility and corporate governance.
“Apple Hospitality has always worked to uphold high
environmental, social and governance standards, and we are pleased
to provide additional detail regarding our ongoing efforts in these
areas,” commented Justin Knight, Chief Executive Officer of Apple
Hospitality. “We are committed to minimizing the environmental
impact of our Company and the hotels that we own and are dedicated
to making a positive impact throughout our Company, the hotel
industry, our local communities and the many communities our hotels
serve. We remain committed to racial and gender equality and the
goal of a world free of all forms of discrimination. Together with
our brand affiliates, the management teams at our hotels and other
industry colleagues, we are focused on advancing sustainability
initiatives that effectively balance environmental stewardship with
our business goals, improving our communities through thoughtful
outreach programs, and promoting diversity and inclusion. These
initiatives have always been incredibly important to us, and we
will to continue to enhance 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 within the Corporate Responsibility section of the
Company's website at
applehospitalityreit.com/corporate-responsibility. The Company
anticipates it will continue to enhance disclosures related to
these issues over time.
About Apple Hospitality REIT,
Inc. Apple Hospitality REIT, Inc. (NYSE:APLE) is a
publicly traded real estate investment trust (“REIT”) that owns one
of the largest and most diverse portfolios of upscale,
rooms-focused hotels in the United States. Apple Hospitality’s
portfolio consists of 235 hotels with more than 30,000 guest rooms
located in 87 markets throughout 34 states. Concentrated with
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.
Forward-Looking Statements
Disclaimer 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 typically
identified by use of statements that include phrases such as “may,”
“believe,” “expect,” “anticipate,” “intend,” “estimate,” “project,”
“target,” “goal,” “plan,” “should,” “will,” “predict,” “potential,”
“outlook,” “strategy,” and similar expressions that convey the
uncertainty of future events or outcomes. 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 future results, performance
or achievements expressed or implied by such forward-looking
statements.
Currently, one of the most significant factors that could cause
actual outcomes to differ materially from the Company’s
forward-looking statements is the adverse effect of COVID-19,
including possible resurgences, on the Company’s business,
financial performance and condition, operating results and cash
flows, the real estate market and the hospitality industry
specifically, and the global economy and financial markets
generally. The significance, extent and duration of the impacts
caused by the COVID-19 outbreak on the Company will depend on
future developments, which are highly uncertain and cannot be
predicted with confidence at this time, including the scope,
severity and duration of the pandemic, the extent and effectiveness
of the actions taken to contain the pandemic or mitigate its
impact, the potential for additional hotel closures/consolidations
that may be mandated or advisable, whether based on increased
COVID-19 cases or other factors, the slowing or potential rollback
of “reopenings” in certain states, and the direct and indirect
economic effects of the pandemic and containment measures, among
others. Moreover, investors are cautioned to interpret many of the
risks identified under 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 heightened as a result of the ongoing
and numerous adverse impacts of COVID-19. Such additional factors
include, but are not limited to, the ability of the Company to
effectively acquire and dispose of properties; the ability of the
Company to successfully integrate pending transactions and
implement its operating strategy; changes in general political,
economic and competitive conditions and specific market conditions;
reduced business and leisure travel due to travel-related health
concerns, including the widespread outbreak of COVID-19 or an
increase in COVID-19 cases or any other infectious or contagious
diseases in the U.S. or abroad; adverse changes in the real estate
and real estate capital markets; financing risks; litigation risks;
regulatory proceedings or inquiries; and changes in laws or
regulations or interpretations of current laws and regulations that
impact the Company’s business, assets or classification as a REIT.
Although the Company believes that the assumptions underlying the
forward-looking statements contained herein are reasonable, any of
the assumptions could be inaccurate, and therefore there can be no
assurance that such statements included in this press release will
prove to be accurate. In light of the significant uncertainties
inherent in the forward-looking statements included herein, the
inclusion of such information should not be regarded as a
representation by the Company or any other person that the results
or conditions described in such statements or the objectives and
plans of the Company will be achieved. In addition, the Company’s
qualification as a REIT involves the application of highly
technical and complex provisions of the Internal Revenue Code.
Readers should carefully review 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 titled
“Risk Factors” in the Company’s Annual Report on Form 10-K for the
fiscal year ended December 31, 2019 and Quarterly Report on Form
10-Q for the quarter ended September 30, 2020. Any forward-looking
statement that the Company makes speaks only as of the date of this
press release. The Company undertakes 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 additional information or to receive press
releases by email, visit www.applehospitalityreit.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20201221005386/en/
Apple Hospitality REIT, Inc. Kelly Clarke, Vice President,
Investor Relations 804-727-6321 kclarke@applereit.com
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