Apple Hospitality Reit Announces Executive and Board Changes
March 26, 2019 at 01:45 am IST
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Apple Hospitality REIT, Inc. announced that the Company's Board of Directors has appointed Kristian Gathright to the Board of Directors, effective March 22, 2019, and that Mrs. Gathright plans to retire from her role with the Company as Executive Vice President and Chief Operating Officer in the first quarter of 2020. The Company also announced that Executive Vice President and Chief Financial Officer Bryan Peery intends to retire from the Company in the first quarter of 2020. The Company will utilize the depth of its existing team and the new Chief Financial Officer to transition the responsibilities of Mrs. Gathright and Mr. Peery.
Mrs. Gathright and Mr. Peery plan to remain with the Company over the next year to assist with an orderly transition and ensure an efficient and seamless integration of the new structure. Mrs. Gathright's appointment to the Apple Hospitality Board of Directors increases its size from eight to nine members. She will stand for election as a Board-recommended nominee at the 2019 Annual Meeting of Shareholders.
Her anticipated retirement in 2020 is not expected to impact her status as a Board member.
Apple Hospitality REIT, Inc. is a real estate investment trust (REIT) that owns a diverse portfolio of upscale, room-focused hotels in the United States. The Company's portfolio consists of about 224 hotels with more than 29,886 guest rooms located in 87 markets throughout 37 states as well as one property leased to third parties. Its hotel portfolio consists of 100 Marriott-branded hotels, 118 Hilton-branded hotels and five Hyatt-branded hotels. Its hotels operate under Marriott or Hilton brands. The hotels are operated and managed under separate management agreements with 16 hotel management companies, consisting of Hilton Garden Inn, Hampton, Courtyard, Residence Inn, Homewood Suites, SpringHill Suites, Fairfield, Home2 Suites, TownePlace Suites, AC Hotels, Hyatt Place, Marriott, Embassy Suites, Aloft, and Hyatt House. Its hotels are located in various states, including Alaska, Arizona, California, Colorado, Florida, Georgia, Idaho, Illinois, Kansas, Louisiana, Michigan, and others.
APPLE HOSPITALITY REIT, INC. 
