Apple Hospitality REIT Publishes Inaugural Corporate Responsibility Report
22 Dezember 2022 - 10:15PM
Business Wire
Apple Hospitality REIT, Inc. (NYSE: APLE) (the “Company” or
“Apple Hospitality”) today published its inaugural Corporate
Responsibility Report, which details the Company’s environmental,
social and governance (“ESG”) performance, strategy and initiatives
and features its commitment to environmental sustainability,
corporate employees, hotel associates and guests, communities, and
other stakeholders.
“Apple Hospitality has always worked to uphold high ESG
standards and believes these key areas of focus are an integral
part of driving long-term value for our shareholders,” said Justin
Knight, Chief Executive Officer of Apple Hospitality. “We own one
of the largest and most geographically diverse portfolios of
rooms-focused hotels in the United States and are dedicated to
making a positive impact on the many communities our hotels serve.
We are mindful of our environmental footprint and committed to
reducing our impact over time. We are proud to highlight our
initiatives and progress in this inaugural Corporate Responsibility
Report and look forward to providing additional updates on our
ESG-related efforts over time.”
The Company’s 2022 Corporate Responsibility Report utilizes both
the Global Reporting Initiative (“GRI”) Standards and Task Force on
Climate-related Financial Disclosures (“TCFD”) to provide a
comprehensive overview of the Company’s corporate responsibility
performance and climate-related risk management. Apple
Hospitality’s enhanced disclosures are intended to provide
stakeholders with a better understanding of the Company’s strategy,
policies, programs, procedures, performance and initiatives related
to environmental stewardship, social responsibility, and corporate
governance and resiliency. The Company’s 2022 Corporate
Responsibility Report and other ESG-related materials can be found
on the Company’s website at
https://applehospitalityreit.com/corporate-responsibility/.
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 220 hotels
with approximately 29,000 guest rooms located in 87 markets
throughout 37 states. Concentrated with industry-leading brands,
the Company’s portfolio consists of 96 Marriott-branded hotels, 119
Hilton-branded hotels, four Hyatt-branded hotels and one
independent hotel. 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
COVID-19, including resurgences and 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 pandemic on the Company will depend
on future developments, which are highly uncertain and cannot be
predicted with confidence at this time, including the extent and
effectiveness of the actions taken to mitigate its impact, the
acceptance and availability of vaccines, the duration of associated
immunity and efficacy of the vaccines against 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, 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, 2021 as being heightened as a result of the ongoing
and numerous adverse impacts of COVID-19. Additional factors
include, but are not limited to, the ability of the Company to
effectively acquire and dispose of properties and redeploy
proceeds; the anticipated timing and frequency of shareholder
distributions; the ability of the Company to fund capital
obligations; 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 (including the potential effects of
inflation or a recessionary environment); reduced business and leisure travel due to
travel-related health concerns, including the COVID-19 pandemic 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, 2021. 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/20221222005274/en/
Apple Hospitality REIT, Inc. Kelly Clarke, Vice President,
Investor Relations 804‐727‐6321 kclarke@applereit.com
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