Market Overview

Apple Hospitality REIT Announces Results of 2018 Annual Meeting of Shareholders and June 2018 Distribution


Apple Hospitality REIT, Inc. (NYSE:APLE) (the "Company" or "Apple
Hospitality") today announced voting results from the Company's 2018
Annual Meeting of Shareholders held on May 17, 2018 (the "Annual
Meeting"). At the Annual Meeting, with over 93% of votes cast voting in
favor of each director nominee and proposal, the Company's shareholders

  • the election of Bruce H. Matson, Blythe J. McGarvie and L. Hugh Redd
    to the Company's Board of Directors (the "Board");
  • the adoption of an amendment to the Company's amended and restated
    articles of incorporation (the "Charter") to declassify the Board and
    provide for annual elections of directors;
  • on a non-binding, advisory basis, the compensation paid to the
    Company's executive officers; and
  • the ratification of the appointment of Ernst & Young LLP as the
    Company's independent registered public accounting firm to serve for

Upon election to the Board, Ms. McGarvie was appointed by the Board to
serve on the Audit Committee and the Nominating and Corporate Governance
Committee. Mr. Matson will continue to serve as Chairman of the
Nominating and Corporate Governance Committee and on the Executive
Committee, and Mr. Redd will continue to serve as Chairman of the Audit
Committee and on the Compensation Committee.

As a result of the approval of the amendment to the Company's Charter to
declassify the Board, each director elected at the Annual Meeting will
serve a one-year term, as will each director elected at future
shareholder meetings.

In addition, the Company today announced that its Board declared a
regular monthly cash distribution of $0.10 per common share for the
month of June 2018. The distribution is payable on June 18, 2018, to
shareholders of record as of June 4, 2018.

Based on the Company's common stock closing price of $18.39 on May 18,
2018, the annualized distribution of $1.20 per common share represents
an annual yield of approximately 6.5 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 and most
diverse portfolios of upscale, select-service hotels in the United
States. Apple Hospitality's portfolio consists of 242 hotels with more
than 30,700 guest rooms located in 88 markets throughout 34 states.
Franchised with industry-leading brands, the Company's portfolio
comprises 117 Marriott®-branded hotels and 125 Hilton®-branded hotels.
For more information, please visit

Forward-Looking Statements Disclaimer

Certain statements contained in this press release other than historical
facts may be considered forward-looking statements. These
forward-looking statements are predictions and generally can be
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 Apple Hospitality to be
materially different from future results, performance or achievements
expressed or implied by such forward-looking statements. Such factors
include, but are not limited to, the ability of Apple Hospitality to
effectively acquire and dispose of properties; the ability of Apple
Hospitality to implement its operating strategy; changes in general
political, economic and competitive conditions and specific market
conditions; 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 Apple Hospitality's business,
assets or classification as a real estate investment trust. Although
Apple Hospitality 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 Apple
Hospitality or any other person that the results or conditions described
in such statements or the objectives and plans of Apple Hospitality will
be achieved. In addition, Apple Hospitality's qualification as a real
estate investment trust involves the application of highly technical and
complex provisions of the Internal Revenue Code. Readers should
carefully review Apple Hospitality's financial statements and the notes
thereto, as well as the risk factors described in Apple Hospitality's
filings with the Securities and Exchange Commission, including, but not
limited to, in the section entitled "Risk Factors" in the Company's
Annual Report on Form 10-K for the year ended December 31, 2017. Any
forward-looking statement that Apple Hospitality makes speaks only as of
the date of such statement. Apple Hospitality 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.

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