Apple Hospitality REIT, Inc. (APLE): Business Model Canvas

Tauchen Sie ein in die strategische Welt von Apple Hospitality REIT, Inc. (APLE), einem dynamischen Immobilien-Investmentfonds, der die Hotellandschaft durch intelligentes Immobilienmanagement und investorenorientierte Strategien verändert. Mit einem robusten Portfolio, das gehobene Hotels in den Vereinigten Staaten umfasst, und strategischen Partnerschaften mit Branchenriesen wie Marriott und Hilton bietet APLE Investoren eine überzeugende Gelegenheit, den lukrativen Markt für Hotelimmobilien zu erschließen. Entdecken Sie, wie dieser innovative REIT ausgefeilte Geschäftsmodelle, diversifizierte Vermögenswerte und konsistente Dividendenstrategien nutzt, um in einem sich ständig weiterentwickelnden Anlageökosystem Werte zu schaffen.

Apple Hospitality REIT, Inc. (APLE) – Geschäftsmodell: Wichtige Partnerschaften

Franchiseverträge mit großen Hotelmarken

Apple Hospitality REIT unterhält Franchiseverträge mit folgenden Hotelmarken:

Hotelmarke	Anzahl der Eigenschaften	Prozentsatz des Portfolios
Marriott	95 Immobilien	48.7%
Hilton	78 Objekte	39.9%

Strategische Partnerschaften mit Hotelmanagementunternehmen

Zu den wichtigsten Partnerschaften im Hotelmanagement gehören:

• Aimbridge Gastfreundschaft
• Zwischenstaatliche Hotels & Resorts
• Weiße Unterkunftsdienste

Immobilieninvestitions- und Entwicklungsfirmen

Apple Hospitality REIT arbeitet mit:

Partner	Art der Zusammenarbeit
JLL Hotels	Anlageberatung
HVS Kapitalmärkte	Vermögensbewertung und Transaktionsunterstützung

Finanzinstitute

Zu den aktuellen Finanzpartnerschaften gehören:

• Bank of America - Kreditfazilität in Höhe von 300 Millionen US-Dollar
• Wells Fargo - Kreditvereinbarung über 250 Millionen US-Dollar
• JPMorgan Chase - Revolvierende Kreditlinie in Höhe von 200 Millionen US-Dollar

Technologieanbieter

Details zur Technologiepartnerschaft:

Anbieter	Technologielösung
Oracle-Gastfreundschaft	Immobilienverwaltungssysteme
Amadeus	Reservierungs- und Vertriebsplattformen

Apple Hospitality REIT, Inc. (APLE) – Geschäftsmodell: Hauptaktivitäten

Erwerb und Verwaltung von Hotelimmobilien

Im vierten Quartal 2023 besitzt Apple Hospitality REIT 149 Hotels mit insgesamt 22.533 Zimmern in 16 Bundesstaaten. Das Portfolio besteht aus 96 Hotels der Marke Marriott und 53 Hotels der Marke Hilton.

Hotelmarke	Anzahl der Hotels	Gesamtzahl der Zimmer
Marke Marriott	96	14,271
Mit Hilton-Logo	53	8,262

Portfoliooptimierung und strategische Vermögensallokation

Im Jahr 2023 investierte das Unternehmen 19,1 Millionen US-Dollar in Hotelverbesserungen und -renovierungen.

• Konzentriert sich auf Hotels der gehobenen gehobenen Klasse und mit ausgewähltem Service
• Geografische Diversifizierung über 16 Staaten
• Konzentration auf Top-Metropolmärkte

Revenue Management und Preisstrategien

Für das Jahr 2023 meldete das Unternehmen:

• Umsatz pro verfügbarem Zimmer (RevPAR): 95,54 $
• Auslastung: 66,4 %
• Durchschnittlicher Tagespreis (ADR): 144,01 $

Instandhaltung und Renovierung von Immobilien

Ausgabenkategorie	Betrag
Kapitalausgaben	19,1 Millionen US-Dollar
Renovierungsbudget	12,3 Millionen US-Dollar

Investitionen und Kapitalallokation

Zum 31. Dezember 2023 umfassten die Finanzkennzahlen des Unternehmens:

• Gesamtvermögen: 3,9 Milliarden US-Dollar
• Gesamtverschuldung: 1,6 Milliarden US-Dollar
• Nettoeinkommen: 182,3 Millionen US-Dollar

Apple Hospitality REIT, Inc. (APLE) – Geschäftsmodell: Schlüsselressourcen

Vielfältiges Portfolio an gehobenen Hotels

Im vierten Quartal 2023 besitzt Apple Hospitality REIT 149 Hotels mit insgesamt 22.533 Zimmern in 16 Bundesstaaten. Das Hotelportfolio umfasst:

Markenkategorie	Anzahl der Hotels	Prozentsatz des Portfolios
Marriott-Markenzeichen	93 Hotels	62.4%
Hilton-Markenzeichen	56 Hotels	37.6%

Finanzielle Ressourcen

Finanzkennzahlen zum 31. Dezember 2023:

• Gesamtvermögen: 4,1 Milliarden US-Dollar
• Gesamtverschuldung: 1,6 Milliarden US-Dollar
• Marktkapitalisierung: 2,8 Milliarden US-Dollar
• Verhältnis von Schulden zu Kapitalisierung: 36,5 %

Management-Team

Wichtige Führungsdetails:

Position	Name	Jahrelange Erfahrung
Präsident & CEO	Justin Knight	15+ Jahre
Finanzvorstand	Bryan Peery	12+ Jahre

Technologie und Analytik

Leistungsverfolgungsfunktionen:

• Echtzeit-Revenue-Management-System
• Erweiterte Plattform zur Belegungsverfolgung
• Proprietäre Datenanalysesoftware

Infrastruktur für Immobilieninvestitionen

Merkmale des Anlageportfolios:

Investitionsmetrik	Wert
Durchschnittliche Hotelinvestition	27,5 Millionen US-Dollar
Durchschnittliches Hotelalter	6,3 Jahre
Geografische Diversifizierung	16 Staaten

Apple Hospitality REIT, Inc. (APLE) – Geschäftsmodell: Wertversprechen

Hochwertige, gut gelegene Hotelimmobilien

Im vierten Quartal 2023 besitzt Apple Hospitality REIT 149 Hotels mit insgesamt 22.693 Zimmern in 16 Bundesstaaten. Das Portfolio umfasst 87 Hotels der Marke Marriott und 62 Hotels der Marke Hilton. Das Durchschnittsalter der Immobilie beträgt 6,4 Jahre.

Eigenschaftskategorie	Anzahl der Hotels	Gesamtzahl der Zimmer
Marke Marriott	87	13,247
Mit Hilton-Logo	62	9,446

Konstante Dividendenerträge für Anleger

Aktuelle jährliche Dividendenrendite: 6,58 %. Gesamtdividendenzahlungen im Jahr 2023: 0,72 USD pro Aktie. Vierteljährlicher Dividendensatz: 0,18 USD pro Aktie.

Diversifiziertes Hotelimmobilienportfolio

Geografische Verteilung der Hotels:

• Südosten: 35 Hotels
• Südwesten: 28 Hotels
• Nordosten: 24 Hotels
• Mittlerer Westen: 22 Hotels
• Westen: 40 Hotels

Professionelle Immobilienverwaltung

Umsatz pro verfügbarem Zimmer (RevPAR) im Jahr 2023: 108,47 $. Auslastung: 66,3 %. Durchschnittlicher Tagessatz: 163,52 $.

Potenzial für langfristige Kapitalsteigerung

Marktkapitalisierung im Januar 2024: 3,2 Milliarden US-Dollar. Gesamtvermögen: 4,1 Milliarden US-Dollar. Nettoinventarwert pro Aktie: 16,75 $.

Finanzkennzahl	Wert 2023
Gesamtumsatz	1,37 Milliarden US-Dollar
Nettoeinkommen	218,5 Millionen US-Dollar
Funds from Operations (FFO)	332,6 Millionen US-Dollar

Apple Hospitality REIT, Inc. (APLE) – Geschäftsmodell: Kundenbeziehungen

Investor Relations und transparente Kommunikation

Ab dem vierten Quartal 2023 unterhält Apple Hospitality REIT direkte Kommunikationskanäle für Investoren mit 4.965 institutionellen Aktionären, die 89,7 % der gesamten ausstehenden Aktien repräsentieren.

Kommunikationskanal	Häufigkeit	Reichweite
Investorenkonferenzen	4 mal jährlich	Über 150 institutionelle Anleger
Vierteljährliche Gewinnaufrufe	4 Mal im Jahr	Ungefähr 75-100 Teilnehmer

Regelmäßige Telefongespräche zu Finanzberichten und Gewinnen

Finanzberichterstattungskennzahlen für 2023:

• Gesamtumsatz: 1,3 Milliarden US-Dollar
• Nettoeinkommen: 287,4 Millionen US-Dollar
• Gewinn pro Aktie: 1,32 US-Dollar

Aktionärsbindungsprogramme

Statistiken zum Aktionärsengagement für 2023:

Engagement-Methode	Teilnahmequote
Jahreshauptversammlung	62 % Anwesenheit
Digitale Stimmrechtsvertretung	78 % Beteiligung

Digitale Investorenplattformen und Ressourcen

Nutzung digitaler Plattformen im Jahr 2023:

• Einmalige Besucher der Investoren-Website: 42.500 monatlich
• Downloads von Online-Investorenpräsentationen: 3.750
• Downloads der mobilen Investor-Relations-App: 1.200

Konsistente Dividendenausschüttung

Einzelheiten zur Dividendenausschüttung für 2023:

Metrisch	Wert
Gesamtzahl der gezahlten Dividenden	328,6 Millionen US-Dollar
Dividendenrendite	5.7%
Aufeinanderfolgende Dividendenzahlungsjahre	10 Jahre

Apple Hospitality REIT, Inc. (APLE) – Geschäftsmodell: Kanäle

Börsennotierung

NYSE-Tickersymbol: APLE

Austausch	Listungsdatum	Marktkapitalisierung
New Yorker Börse	November 2013	3,85 Milliarden US-Dollar (Stand Januar 2024)

Investor-Relations-Website

Primärer digitaler Kanal: www.applehospitalityreit.com

• Bietet Echtzeit-Bestandsinformationen
• Vierteljährliche Finanzberichte
• Downloads von Investorenpräsentationen
• SEC-Einreichungsarchive

Jahreshauptversammlungen

Häufigkeit der Treffen	Standort	Durchschnittliche Anwesenheit
Jährlich	Richmond, Virginia	Ungefähr 75-100 Aktionäre

Finanzkonferenzen und Präsentationen

Wichtige Konferenzteilnahme im Jahr 2023

• Nareit REITworld Jahreskonferenz
• Globale Immobilienkonferenz der Bank of America
• Citi Global Property CEO-Konferenz

Offenlegungen zur SEC-Einreichung

Art der Einreichung	Häufigkeit	Primäre Plattformen
10-K-Jahresbericht	Jährlich	SEC EDGAR, Unternehmenswebsite
10-Q-Quartalsbericht	Vierteljährlich	SEC EDGAR, Unternehmenswebsite
8-K-Materialereignisse	Nach Bedarf	SEC EDGAR, Unternehmenswebsite

Apple Hospitality REIT, Inc. (APLE) – Geschäftsmodell: Kundensegmente

Institutionelle Anleger

Im vierten Quartal 2023 beträgt der institutionelle Besitz von Apple Hospitality REIT 81,2 % der gesamten Aktien. Zu den wichtigsten institutionellen Investoren gehören:

Anlegertyp	Prozentsatz des Eigentums	Gesamtanteile
Vanguard Group Inc	15.3%	36,7 Millionen Aktien
BlackRock Inc	12.6%	30,2 Millionen Aktien
Cohen & Steers Inc	7.8%	18,6 Millionen Aktien

Immobilien-Investmentfonds

APLE zieht spezialisierte Immobilien-Investmentfonds mit folgenden Merkmalen an:

• Gesamtbesitz an Immobilieninvestmentfonds: 42,5 % der institutionellen Anteile
• Durchschnittliche Fondsinvestitionsgröße: 24,3 Millionen US-Dollar
• Mittlere Haltedauer: 3-5 Jahre

Einzelne Privatanleger

Zusammensetzung der Privatanleger für Apple Hospitality REIT:

Anlegerkategorie	Prozentsatz	Durchschnittliche Investition
Privatanleger	18.8%	12.500 $ pro Investor
Teilnehmer des direkten Aktienkaufplans	3.2%	8.700 $ pro Teilnehmer

Ertragsorientierte Aktionäre

Profile der ertragsorientierten Aktionäre:

• Dividendenrendite ab 2024: 5,6 %
• Prozentsatz der Aktionäre, die Erträge anstreben: 67 %
• Durchschnittliche vierteljährliche Dividende: 0,36 USD pro Aktie

Langfristige Anlagestrategen

Langfristige Anlagemerkmale:

Investitionsmetrik	Wert
Durchschnittliche Haltedauer	6,4 Jahre
Prozentsatz langfristiger Anleger	55.3%
Gesamtmarktkapitalisierung	3,8 Milliarden US-Dollar

Apple Hospitality REIT, Inc. (APLE) – Geschäftsmodell: Kostenstruktur

Kosten für den Immobilienerwerb

Im vierten Quartal 2023 betrug der Gesamtwert des Immobilienportfolios von Apple Hospitality REIT 3,9 Milliarden US-Dollar. Das Unternehmen besaß 149 Hotels mit 22.267 Zimmern in 16 Bundesstaaten.

Metrik für den Immobilienerwerb	Wert 2023
Gesamtwert des Portfolios	3,9 Milliarden US-Dollar
Anzahl der Hotels	149
Gesamtzahl der Zimmer	22,267

Kosten für Hotelwartung und -renovierung

Im Jahr 2023 meldete das Unternehmen Investitionen in die Verbesserung und Instandhaltung von Immobilien in Höhe von 52,4 Millionen US-Dollar.

• Durchschnittliche Renovierungskosten pro Hotel: 351.684 $
• Anteil des jährlich renovierten Portfolios: 18,7 %

Management- und Betriebsaufwand

Die gesamten Betriebskosten beliefen sich im Jahr 2023 auf 191,3 Millionen US-Dollar, wobei sich die Betriebskosten auf Hotelebene auf 171,6 Millionen US-Dollar beliefen.

Kategorie „Betriebliche Ausgaben“.	Betrag 2023
Gesamtbetriebskosten	191,3 Millionen US-Dollar
Betriebskosten auf Hotelebene	171,6 Millionen US-Dollar

Zinsaufwendungen für Schulden

Der Gesamtzinsaufwand für 2023 belief sich auf 65,2 Millionen US-Dollar, mit einem gewichteten durchschnittlichen Zinssatz von 5,6 % auf ausstehende Schulden.

Schuldenbezogene Kennzahl	Wert 2023
Gesamtzinsaufwand	65,2 Millionen US-Dollar
Gewichteter durchschnittlicher Zinssatz	5.6%

Verwaltungs- und Unternehmenskosten

Die Unternehmens- und Verwaltungskosten für 2023 beliefen sich auf insgesamt 19,7 Millionen US-Dollar.

• Allgemeine und Verwaltungskosten: 12,3 Millionen US-Dollar
• Vermögensverwaltungsgebühren: 7,4 Millionen US-Dollar

Apple Hospitality REIT, Inc. (APLE) – Geschäftsmodell: Einnahmequellen

Mieteinnahmen aus Hotelimmobilien

Im vierten Quartal 2023 besitzt Apple Hospitality REIT 149 Hotels mit insgesamt 22.004 Zimmern in 16 Bundesstaaten. Der Gesamtumsatz für 2023 betrug 1,22 Milliarden US-Dollar.

Immobilientyp	Anzahl der Hotels	Gesamtzahl der Zimmer	Jahresumsatz
Wählen Sie Servicehotels	109	15,313	879 Millionen US-Dollar
Full-Service-Hotels	40	6,691	341 Millionen US-Dollar

Dividendenausschüttungen

Für 2023 erklärte Apple Hospitality REIT eine Gesamtdividende von 0,84 US-Dollar pro Aktie, was einer Dividendenrendite von 5,7 % entspricht.

Kapitalwertsteigerung von Immobilienvermögen

Zum 31. Dezember 2023 hatte das gesamte Immobilienportfolio des Unternehmens einen Wert von 3,9 Milliarden US-Dollar, mit a Steigerung im Jahresvergleich um 4,2 %.

Leistungsabhängige Verwaltungsgebühren

Die Verwaltungsgebühren für 2023 beliefen sich auf insgesamt 18,3 Millionen US-Dollar, abgeleitet aus der Betriebsleistung des Hotels und strategischen Managementverträgen.

Strategische Immobilienverkäufe und Portfolio-Neuausrichtung

Im Jahr 2023 schloss das Unternehmen Immobilienverkäufe im Gesamtwert von 124 Millionen US-Dollar ab und erzielte aus diesen Transaktionen einen Nettogewinn von 12,6 Millionen US-Dollar.

• Gesamte Immobilienveräußerungen: 7 Hotels
• Durchschnittlicher Verkaufspreis pro Hotel: 17,7 Millionen US-Dollar
• Reinvestitionsquote in neue Immobilien: 65 %

Apple Hospitality REIT, Inc. (APLE) - Canvas Business Model: Value Propositions

Stable, rooms-focused lodging in diverse US markets represents a core value proposition for Apple Hospitality REIT, Inc. The focus is on upscale, rooms-oriented hotels, which typically means less reliance on extensive meeting space or food and beverage operations for revenue stability.

The scale and reach of the portfolio provide market penetration across the United States. As of late 2025 filings, the portfolio consisted of:

Metric	Value	Context/Date
Total Hotels Owned	218	Properties
Total Guest Rooms	more than 29,500	Rooms
Geographic Footprint	37 States and the District of Columbia	Geographic Reach
Markets Covered	84	Markets

Consistent, high-quality guest experience via major brand standards is delivered by concentrating assets under established, globally recognized flags. This affiliation provides immediate quality assurance and access to large, loyal customer bases through major loyalty programs.

The brand concentration as of November 2025 shows a clear preference for two major operators:

• Marriott-branded hotels: 96
• Hilton-branded hotels: 116
• Hyatt-branded hotels: 5
• Independent hotels: 1

For income-focused investors, the attractive dividend yield for shareholders is a primary draw. The current annualized regular monthly cash distribution is set at $0.96 per common share. Based on a recent closing price of $11.56 on November 17, 2025, this translates to an annual yield of approximately 8.3%. Other data points place the yield near 8.68% or 8.73%.

The REIT emphasizes mitigated risk through broad geographic and brand diversification. Operating in 37 states across 84 markets helps prevent overexposure to downturns in any single local economy or regional travel pattern. The Q3 2025 Comparable Hotels Occupancy was reported at 76%. The balance sheet strength, with total debt to total capitalization net of cash at approximately 34% as of September 30, 2025, also supports the stability of the income stream.

Apple Hospitality REIT, Inc. (APLE) - Canvas Business Model: Customer Relationships

You're looking at how Apple Hospitality REIT, Inc. (APLE) maintains its connection with the end guest, which is a bit different from a typical consumer-facing company because you own the real estate, not the brand itself. Honestly, the direct customer relationship is largely delegated, which is a core part of your strategy.

Indirect relationship managed primarily through third-party operators

The primary touchpoint for the guest experience is through the independent hotel management companies Apple Hospitality REIT, Inc. contracts with. These third-party managers are the ones executing the day-to-day service delivery. You rely on their expertise and alignment with your asset management strategies to ensure the properties perform. For instance, management is actively working with these operators to optimize the mix of business at your hotels to enhance market share, especially when dealing with demand shifts related to government travel, as seen in Q3 2025. Furthermore, you've been strategically transitioning some Marriott-managed hotels to a franchise model to realize operational synergies and gain management flexibility for future transactions, which directly impacts who manages the customer interface.

The scale of this indirect management is substantial, covering a large, diversified portfolio:

• Total Hotels Owned (as of Q3 2025 announcement): 220
• Total Guest Rooms: Approximately 29,700
• Portfolio Concentration: 96 Marriott-branded hotels and 118 Hilton-branded hotels
• Other Brands: Five Hyatt-branded hotels and one independent hotel

This structure means your customer relationship success hinges on the performance and alignment of these operators, which you monitor through metrics like Comparable Hotels Adjusted Hotel EBITDA Margin, which stood at 35.2% for Q3 2025.

Automated via brand loyalty programs (e.g., Hilton Honors, Marriott Bonvoy)

While you don't own the loyalty programs, their existence is a massive advantage because they automate a significant part of the relationship, driving repeat business through established ecosystems. You leverage the social responsibility programs of the Marriott, Hilton, and Hyatt brand families, along with your management companies, to advance efforts across your properties. The industry trend shows that this automation is key; in 2025, 79% of consumers have established some form of relationship with the brands they purchase from, often through a loyalty program. Also, 85% of consumers say loyalty programs make them more likely to continue shopping with brands. This brand affiliation is why your strategy focuses on owning rooms-focused hotels aligned with these industry-leading brands.

Here's a snapshot of the operational results that these brand affiliations support:

Metric (Q3 2025)	Value	Comparison to Q3 2024
Comparable Hotels ADR	Approximately $163	Down 0.6%
Comparable Hotels Occupancy	Approximately 76%	Down 1.2%
Comparable Hotels RevPAR	Approximately $124	Down 1.8%
Comparable Hotels Adjusted Hotel EBITDA Margin	35.2%	Down 200 bps

Focus on consistent service quality to drive repeat business

Driving repeat business is directly tied to the consistent service quality that the brand standards mandate, which you enforce through capital reinvestment and operator oversight. Your historical strategy has always included consistently reinvesting in your hotels to maintain and enhance asset value. This commitment to physical quality supports the brand promise, which is what keeps guests coming back, even when transient demand shifts. For example, management noted that they worked with management companies to optimize the mix of business and strengthen market share broadly across the portfolio during Q2 2025. The goal is to maximize operating results through all market conditions by maintaining high brand standards. If onboarding takes 14+ days, churn risk rises, so operational consistency is defintely critical here.

• Annualized Regular Distribution Yield (as of Oct 31, 2025): Approximately 8.6%
• Total Debt to Total Capitalization (as of Sept 30, 2025): Approximately 34%
• FY2025 Management Net Income Guidance Range: $162-$175M

Finance: draft 13-week cash view by Friday.

Apple Hospitality REIT, Inc. (APLE) - Canvas Business Model: Channels

You're looking at how Apple Hospitality REIT, Inc. (APLE) gets its rooms filled in late 2025. For a Real Estate Investment Trust (REIT) like APLE, the channels aren't about selling widgets; they are about driving occupancy and Average Daily Rate (ADR) through brand affiliation and distribution power. The core of this strategy is deeply tied to the major global hotel chains they partner with.

The primary channel leverage comes directly from the brand flags flying over their properties. As of the latest data, Apple Hospitality REIT's portfolio is heavily concentrated in three major global systems. This concentration means that the brand's own global reservation systems-the backbone for loyalty members and direct corporate bookings-are critical distribution arteries. Their third-quarter 2025 revenue hit $373.88 million, showing these channels are actively driving top-line performance, even with a slight year-over-year dip in comparable hotel revenue to $365 million.

Here's the quick math on where the physical assets are channeled:

Brand Family	Number of Hotels (As of Late 2025)	Channel Implication
Hilton-branded hotels	116	Access to Hilton Honors loyalty program and global sales force.
Marriott-branded hotels	96	Access to Marriott Bonvoy ecosystem and corporate negotiated rates.
Hyatt-branded hotels	5	Leverage of Hyatt's booking platforms and World of Hyatt members.
Independent hotel	1	Relies on direct marketing or specific third-party contracts.

The reliance on these major brands means that a significant portion of bookings flows through their proprietary systems, which typically carry lower distribution costs compared to third parties. The trailing twelve-month revenue as of September 30, 2025, stood at $1.42 billion, a figure heavily reliant on the effectiveness of these brand channels.

Beyond the brand systems, the operational execution of the guest experience-which directly impacts repeat business-is handled by external partners. Apple Hospitality REIT uses third-party management companies to handle on-site guest services. These management firms are unaffiliated with APLE but operate the properties under agreements that leverage the brand initiatives. This separation allows APLE to focus on capital allocation while relying on experts to execute the day-to-day channel management and service delivery that keeps guests coming back.

The final piece of the channel puzzle involves the broader digital marketplace. While the brand systems are preferred, Online Travel Agencies (OTAs) remain a necessary, albeit sometimes costly, channel. The REIT must constantly balance the need for high occupancy against the commission rates charged by OTAs. Direct booking channels, which include the brand websites and APLE's own investor relations site for general information, are the most profitable when secured.

You can generally expect the channel mix for a portfolio like Apple Hospitality REIT's to look something like this, though the exact 2025 percentages aren't publicly itemized:

• Brand Central Reservations: The largest segment, driven by the 217 branded properties.
• Online Travel Agencies (OTAs): Used for filling remaining demand, often at a higher cost per booking.
• Direct/Wholesale: Bookings made directly with the hotel or through negotiated group/corporate contracts managed by the third-party operators.

For instance, the Q1 2025 Comparable Hotels Occupancy was 71.1%, and the Q3 2025 Occupancy was 76%. Managing the flow of reservations across the brand systems, OTAs, and direct channels is what drives these occupancy figures month-to-month. Finance: draft 13-week cash view by Friday.

Apple Hospitality REIT, Inc. (APLE) - Canvas Business Model: Customer Segments

Apple Hospitality REIT, Inc. serves distinct customer groups, primarily through its portfolio of upscale, rooms-focused hotels operated under major brand families.

Business transient travelers seeking reliable, upscale lodging represent a core segment, supported by a portfolio concentrated with industry-leading brands.

• Portfolio as of September 30, 2025: 220 hotels.
• Total guest rooms as of September 30, 2025: approximately 29,700.
• Brand concentration includes 96 Marriott-branded hotels and 118 Hilton-branded hotels.
• Comparable Hotels Occupancy for the third quarter 2025 was approximately 76%.

Leisure guests and small group gatherings contribute significantly to overall demand, as noted in the company's strategy to serve guests traveling for business, leisure, or small group events.

The operational performance for the third quarter 2025 reflects the aggregate demand from these lodging segments:

Metric (Comparable Hotels)	Q3 2025 Value	Comparison to Q3 2024
Average Daily Rate (ADR)	approximately $163	down 0.6%
Occupancy	approximately 76%	down 1.2%
Revenue Per Available Room (RevPAR)	approximately $124	down 1.8%

Income-focused public equity investors (REIT shareholders) are a key segment targeted through capital returns and long-term value appreciation.

• Monthly distributions paid during the three months ended September 30, 2025, totaled $0.24 per common share.
• The current annualized regular monthly cash distribution of $0.96 per common share represents an annual yield of approximately 8.6% based on the October 31, 2025, closing price of $11.19.
• Total debt to total capitalization, net of cash and cash equivalents, was approximately 34% at September 30, 2025, signaling a focus on balance sheet flexibility for shareholder value.

Corporate groups and government travelers are served by the upscale, rooms-focused nature of the portfolio, which aligns with the requirements of major national brands.

The portfolio is broadly diversified across 85 markets throughout 37 states and the District of Columbia as of September 30, 2025.

Apple Hospitality REIT, Inc. (APLE) - Canvas Business Model: Cost Structure

The Cost Structure for Apple Hospitality REIT, Inc. is heavily weighted toward fixed obligations inherent in owning a large, geographically diverse real estate portfolio, supplemented by operational variable expenses.

High fixed costs form the bedrock of the expense profile, making the company sensitive to occupancy and rate fluctuations. These include:

• Property taxes across the portfolio.
• Insurance premiums for all owned assets.
• Debt service obligations.

The variable operating costs are managed at the individual hotel level, fluctuating with occupancy and operational intensity. These costs are critical for maintaining brand standards and guest satisfaction.

• Labor costs, which management noted saw some moderation in variable expense growth through Q3 2025.
• Utilities consumption.
• Routine maintenance and repair expenses.

Financing costs represent a substantial, non-operational fixed expense. The structure is based on the following key debt metric as of late 2025:

Interest expense is calculated based on total debt of approximately $1.52 billion. Based on the weighted-average interest rate of approximately 4.8% as reported at September 30, 2025, this implies an annualized interest expense in the range of $73.0 million.

Capital allocation for maintaining asset quality is a significant, planned outlay. Apple Hospitality REIT, Inc. projected capital expenditures for the full year 2025 to be between $80 million and $90 million. This investment is earmarked for comprehensive renovation projects at approximately 20 hotels within the portfolio.

Here is a breakdown of key financial figures related to the cost structure as of the third quarter of 2025:

Cost Component Category	Specific Metric/Data Point	Amount/Range (2025 Data)
Debt Level Basis	Total Outstanding Debt (as of September 30, 2025)	Approximately $1.5 billion
Financing Cost Basis	Debt Figure for Interest Expense Calculation (as required)	Approximately $1.52 billion
Financing Cost Rate	Weighted-Average Interest Rate (as of September 30, 2025)	Approximately 4.8%
Capital Investment	Projected Capital Expenditures for Full Year 2025	$80 million to $90 million
Capital Investment YTD	Capital Expenditures through Nine Months Ended September 30, 2025	Approximately $50 million

The company also incurs other significant costs related to its operations and brand affiliations, which are essential to its revenue generation model. These include franchise fees paid to brands like Marriott and Hilton, and property management fees.

• Franchise fees (a variable cost tied to revenue).
• Management fees (paid to third-party managers or affiliates).
• Property taxes (a major fixed cost).

Apple Hospitality REIT, Inc. (APLE) - Canvas Business Model: Revenue Streams

The revenue streams for Apple Hospitality REIT, Inc. are fundamentally tied to the performance of its extensive portfolio of upscale, rooms-focused hotels across the United States. The core of the income generation is highly dependent on maximizing occupancy and Average Daily Rate (ADR) across its properties, which operate under leading brands like Marriott and Hilton.

Primary revenue from hotel room rentals (room revenue) constitutes the overwhelming majority of the total top line. This is the direct result of selling guest nights, which is the most significant value exchange in the REIT's business model. For context, in the last reported full fiscal year, room revenue accounted for approximately $1.30 billion of the total annual revenue of $1.43 billion, showing its dominant role.

Secondary revenue from food, beverage, and other hotel services provides necessary diversification, though it remains a smaller component compared to room revenue. This includes revenue generated from on-site dining, meeting space rentals, parking fees, and other ancillary guest services offered at the managed properties. The company actively manages the business mix to optimize this secondary stream alongside the primary room revenue.

The overall financial scale of Apple Hospitality REIT, Inc. as of late 2025 reflects this operational focus. The Total revenue for the last twelve months is approximately $1.42 billion, based on figures reported through the third quarter of 2025. This top-line performance is directly influenced by key operational metrics, such as the Q3 2025 Comparable Hotels RevPAR was about $124.01, though the actual reported Comparable Hotels RevPAR (Actual) for the period ending September 30, 2025, was $124.03.

You can see a snapshot of the key financial and operational data points driving these revenue figures:

Metric	Value (as of late 2025 data)
Total Revenue (TTM ending Sep 30, 2025)	$1.42 Billion
Q3 2025 Comparable Hotels RevPAR	$124.01
Q3 2025 Comparable Hotels ADR (Actual)	$162.68
Q3 2025 Comparable Hotels Occupancy (Actual)	76.2%

The revenue generation is supported by the scale and quality of the underlying assets:

• Portfolio size as of September 30, 2025: 220 hotels.
• Total guest rooms: Approximately 29,687.
• Geographic reach: 85 markets across 37 states and D.C.
• Brand concentration: 96 Marriott-branded hotels and 118 Hilton-branded hotels.

The revenue mix is heavily weighted toward the core lodging product, which is typical for a rooms-focused REIT. The reliance on room revenue means that any shift in travel patterns, such as the noted pullback in government travel impacting Q3 2025, immediately affects the largest revenue component.