Apple Hospitality REIT Announces October 2017 Distribution

9/24/17

RICHMOND, Va.--(BUSINESS WIRE)--Apple Hospitality REIT, Inc. (NYSE: APLE) announced that its Board of Directors declared a regular monthly cash distribution of $0.10 per common share for the month of October 2017. The distribution is payable on October 16, 2017, to shareholders of record as of October 4, 2017.

Based on the Company’s common stock closing price of $18.64 on September 21, 2017, the annualized distribution of $1.20 per common share represents an annual yield of approximately 6.4 percent.

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 portfolios of upscale, select-service hotels in the United States. The Company’s portfolio consists of 237 hotels, with more than 30,000 guestrooms, diversified across the Hilton® and Marriott® families of brands with locations in urban, high-end suburban and developing markets throughout 33 states. For more information, please visit www.applehospitalityreit.com.

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