For the Company’s portfolio, second quarter 2022 RevPAR surpassed second quarter 2019 by approximately 4%, driven by an improvement in ADR of approximately 8% as compared to second quarter 2019.
The Company achieved Comparable Hotels Adjusted Hotel EBITDA of approximately $88 million, Comparable Hotels Adjusted Hotel EBITDA Margin of approximately 34% and MFFO of approximately $63 million for the first quarter 2022, despite lower occupancies in January and February
Apple Hospitality REIT Reports Results of Operations for Fourth Quarter and Full Year 2021
The portfolio consists of the existing 157-room Hilton Garden Inn Fort Worth Medical Center in Fort Worth, Texas, for a total purchase price of $29.5 million, or approximately $188,000 per key; the existing and recently renovated 112-room Homewood Suites by Hilton Fort Worth Medical Center in Fort Worth, Texas, for a total purchase price of $21.5 million, or approximately $192,000 per key; and the existing 243-room Hampton Inn & Suites by Hilton Portland Pearl District in Portland, Oregon, for a total purchase price of $75 million, or approximately $309,000 per key.
During the third quarter of 2021, the Company produced its strongest quarterly operational results since the beginning of the pandemic with occupancy, ADR and RevPAR approaching 2019 levels and exceeding industry averages as reported by STR.
Apple Hospitality REIT, Inc. (NYSE: APLE) yesterday announced the acquisition of the 157-room Aloft Hotel on the waterfront in downtown Portland, Maine, for a total purchase price of $51.2 million, or approximately $326,000 per key.
Apple Hospitality REIT, Inc. (NYSE: APLE) announced yesterday the acquisition of the 130-room Hyatt Place in downtown Greenville, South Carolina, for a total purchase price of approximately $30 million, or approximately $231,000 per key.
Apple Hospitality REIT, Inc. (NYSE: APLE today announced the acquisition of the 178-room AC Hotel by Marriott in Portland, Maine, for a total purchase price of approximately $66.8 million, or approximately $375,000 per key.
Flynn Properties Inc, owner of commercial real estate, luxury resorts and select service hotel properties in America and abroad, in a joint venture with Värde Partner today announced that it has acquired 20 select service hotels – 11 Marriott and nine Hilton branded locations – in a $211 million deal with Apple Hospitality REIT (NYSE: APLE).
The Company achieved Adjusted Hotel EBITDA of approximately $95 million and MFFO of approximately $68 million for the second quarter of 2021.