Apple Hospitality REIT will list shares on New York Stock Exchange
Apple Hospitality REIT Inc., a Richmond-based hospitality company, said Tuesday that it has been authorized to list its common shares on the New York Stock Exchange. Trading of the company’s common shares is expected to begin on or about May 18, under the ticker symbol “APLE.”
The company announced in a public filing last month that it planned to go public on the New York Stock Exchange. While it operated as public real estate investment trust, its shares had not been traded on any exchanges.
Apple Hospitality said it owns one of the largest portfolios of upscale, select-service, extended-stay and full-service hotels in the U.S. The company’s portfolio of 173 hotels, with 22,003 guestrooms, is diversified across the Hilton and Marriott brands with many locations in urban, high-end suburban and developing markets across 32 states.
In Richmond, Apple recently completed a Courtyard by Marriott and Residence Inn by Marriott in December in Shockoe Bottom, not far from its headquarters office. The project also included the First Freedom Center, a museum that commemorates the development of religious liberty in 18th-century Virginia. The REIT also owns the downtown Richmond Marriott.