Apple Nine Hospitality Management Inc
Apple Hospitality REIT, Inc. 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, comprising 235 hotels with over 30,000 guest rooms across 34 states. The company's portfolio includes a mix of franchised hotels, primarily under the Marriott and Hilton brands, along with an independent boutique hotel in Richmond, Virginia.
Recently, Apple Hospitality expanded its presence in downtown Richmond by acquiring The Berkeley Hotel, a 55-room independent boutique hotel, for approximately $7 million. This strategic acquisition aims to enhance the company's offerings in the dynamic Richmond market while maintaining the hotel's independent status and leveraging local market knowledge to optimize performance.
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