Apple Hospitality REIT, Inc. (NYSE: APLE) (“Apple Hospitality”
or the “Company”) today announced the appointment of Howard Woolley
to its Board of Directors (the “Board”), effective March 1, 2021.
Mr. Woolley will stand for election as a Board-recommended nominee
at the Company’s 2021 Annual Meeting of Shareholders.
“We are delighted to welcome Howard to our Board of Directors,”
said Glade Knight, Executive Chairman of Apple Hospitality. “When
we began the search to expand our Board last year, we sought
individuals with leadership experience in finance, technology or
government affairs. Howard brings tremendous experience to our
Board, as a leader in public policy, regulatory and government
affairs and as a key contributor to a variety of strategic,
transformational transactions for large technology and wireless
corporations. Howard will be an outstanding addition to our Board,
and we look forward to his insight and leadership.”
Mr. Woolley has served as President of Howard Woolley Group,
LLC, a government relations, public policy, regulatory risk, and
diversity, equity and inclusion advisory firm serving large
technology and wireless industry corporations, since January 2015.
Prior to founding Howard Woolley Group, LLC, Mr. Woolley had a
successful 20-year career with Verizon Communications Inc.
(“Verizon”) until his retirement from the company in 2013. During
his tenure with Verizon, Mr. Woolley was instrumental in the
creation and expansion of Verizon Wireless, heading federal and
state government affairs, public policy and regulatory matters;
leading the corporation’s strategic outreach to civil rights,
consumer and public interest organizations; and serving as the
public policy advisor to all CEOs from the founding of Verizon
Wireless in 2000. While at Verizon, Mr. Woolley served as Senior
Vice President Wireless Policy and Strategic Alliances (2010 –
2013), Senior Vice President Federal and State Government Affairs
(2000 – 2010), and in executive leadership positions including Vice
President Wireless Policy and International Government Affairs
(1993 – 2000). From 1981 until 1993, Mr. Woolley served in various
congressional affairs and regulatory public policy positions
ultimately rising to the position of Vice President, Regulatory
Affairs, with the National Association of Broadcasters. Mr. Woolley
currently serves as the Lead Independent Director for the Somos,
Inc. Board of Directors and serves on the Audit Committee and
Nominating and Governance Committee of such board. Mr. Woolley also
serves on the Allianz Life Insurance Company of North America Board
of Directors where he is a member of the Audit Committee and the
Nomination, Evaluation and Compensation Committee of such board.
Mr. Woolley is on the Board of Trustees for Johns Hopkins Medicine
where he co-chairs the External Affairs and Community Engagement
Committee, which has oversight of the institution’s efforts to
inform the community about COVID-19. Mr. Woolley is on the Board of
Trustees for Syracuse University and serves on the Audit and Risk
Committee and Academic Affairs Committee for such board. He has
served on the boards of The Executive Leadership Council, the World
Affairs Council, UnidosUS, the Congressional Black Caucus
Foundation and Everybody Wins DC, and is a recipient of the
National Urban League’s highest award for service on their Board of
Trustees. Mr. Woolley holds a Bachelor of Science degree in Radio
and Television Broadcasting from the S.I. Newhouse School of Public
Communications at Syracuse University and a Master of
Administrative Sciences degree in Business Administration and
Management from Johns Hopkins University. Mr. Woolley is a National
Association of Corporate Directors Governance Fellow.
Apple Hospitality’s Board provides critical guidance and advice
to management, and the Company is committed to a Board that has
diverse perspectives and backgrounds. Mr. Woolley’s appointment
increases the size of Apple Hospitality’s Board from eight to nine
members. Mr. Woolley was also appointed to the Board’s Nominating
and Corporate Governance Committee, effective March 1, 2021.
In addition, the Company today announced that its 2021 Annual
Meeting of Shareholders will be held at 9:00 a.m. Eastern Time on
Thursday, May 13, 2021. The meeting will take place at the
Courtyard and Residence Inn Richmond Downtown, located at 1320 East
Cary Street, Richmond, Virginia 23219, and is open to shareholders
of record as of March 19, 2021.
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 234 hotels
with approximately 30,000 guest rooms located in 88 markets
throughout 35 states. Concentrated with industry-leading brands,
the Company’s portfolio consists of 104 Marriott-branded hotels,
125 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 continues to be the adverse effect of
the novel coronavirus COVID-19 pandemic ("COVID-19"), including
resurgences and new variants, 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 continued 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
speed of the vaccine roll-out, the efficacy, acceptance and
availability of vaccines, the duration of associated immunity and
efficacy of the vaccines against emerging variants of COVID-19, the
potential for additional hotel closures/consolidations that may be
mandated or advisable, whether based on increased COVID-19 cases,
new variants or other factors, the slowing or 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, 2020 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; changes in
interest rates; 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 of 1986, as amended.
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, 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/20210302006112/en/
Apple Hospitality REIT, Inc. Kelly Clarke, Vice President,
Investor Relations 804‐727‐6321 kclarke@applereit.com
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