Apple Hospitality REIT, Inc. (APLE): Modelo de negócios Canvas [Jan-2025 Atualizado]

Mergulhe no mundo estratégico da Apple Hospitality REIT, Inc. (APLE), uma confiança dinâmica de investimento imobiliário que transforma o cenário da hospitalidade por meio de gerenciamento inteligente de propriedades e estratégias focadas em investidores. Com um portfólio robusto que abrange hotéis de luxo nos Estados Unidos e parcerias estratégicas com gigantes da indústria como Marriott e Hilton, a APLE oferece aos investidores uma oportunidade atraente de explorar o lucrativo mercado imobiliário de hospitalidade. Descubra como esse REIT inovador aproveita modelos de negócios sofisticados, ativos diversificados e estratégias de dividendos consistentes para criar valor em um ecossistema de investimento em constante evolução.

Apple Hospitality REIT, Inc. (APLE) - Modelo de negócios: Parcerias -chave

Acordos de franquia com grandes marcas de hotéis

A Apple Hospitality REIT mantém acordos de franquia com as seguintes marcas de hotéis:

Marca de hotel	Número de propriedades	Porcentagem de portfólio
Marriott	95 propriedades	48.7%
Hilton	78 propriedades	39.9%

Parcerias estratégicas com empresas de gestão hoteleira

As principais parcerias de gerenciamento de hotéis incluem:

• Aimbridge Hospitality
• Hotéis interestaduais & Resorts
• Serviços de hospedagem branca

Empresas de investimento imobiliário e desenvolvimento

A Apple Hospitality reit colabora com:

Parceiro	Tipo de colaboração
JLL Hotéis	Aviso de investimento
HVS Capital Markets	Avaliação de ativos e suporte à transação

Instituições financeiras

As parcerias financeiras atuais incluem:

• Bank of America - Linha de crédito de US $ 300 milhões
• Wells Fargo - Acordo de empréstimo de US $ 250 milhões
• JPMorgan Chase - Linha de crédito rotativo de US $ 200 milhões

Provedores de tecnologia

Detalhes da parceria de tecnologia:

Provedor	Solução tecnológica
Oracle Hospitality	Sistemas de gerenciamento de propriedades
Amadeus	Plataformas de reserva e distribuição

Apple Hospitality REIT, Inc. (APLE) - Modelo de negócios: Atividades -chave

Aquisição e gerenciamento de propriedades do hotel

A partir do quarto trimestre de 2023, a Apple Hospitality REIT possui 149 hotéis com 22.533 quartos totais em 16 estados. O portfólio consiste em 96 hotéis da marca Marriott e 53 hotéis da marca Hilton.

Marca de hotel	Número de hotéis	Total de quartos
Marriott-marca	96	14,271
Marca Hilton	53	8,262

Otimização do portfólio e alocação de ativos estratégicos

Em 2023, a empresa implantou US $ 19,1 milhões em despesas de capital para melhorias e reformas de hotéis.

• Focado em hotéis de serviço de seleção de seleção superior e de luxo
• Diversificação geográfica em 16 estados
• Concentração nos principais mercados metropolitanos

Estratégias de gerenciamento de receita e preços

Para o ano de 2023, a empresa informou:

• Receita por sala disponível (RevPAR): US $ 95,54
• Taxa de ocupação: 66,4%
• Taxa média diária (ADR): US $ 144,01

Manutenção e reforma de propriedades

Categoria de despesa	Quantia
Despesas de capital	US $ 19,1 milhões
Orçamento de reforma	US $ 12,3 milhões

Investimento e alocação de capital

Em 31 de dezembro de 2023, as métricas financeiras da empresa incluíram:

• Total de ativos: US $ 3,9 bilhões
• Dívida total: US $ 1,6 bilhão
• Lucro líquido: US $ 182,3 milhões

Apple Hospitality Reit, Inc. (APLE) - Modelo de negócios: Recursos -chave

Portfólio diversificado de hotéis de luxo

A partir do quarto trimestre de 2023, a Apple Hospitality REIT possui 149 hotéis com 22.533 quartos totais em 16 estados. O portfólio de hotéis inclui:

Categoria de marca	Número de hotéis	Porcentagem de portfólio
Marriott marca	93 hotéis	62.4%
Hilton marca	56 hotéis	37.6%

Recursos financeiros

Métricas financeiras em 31 de dezembro de 2023:

• Total de ativos: US $ 4,1 bilhões
• Dívida total: US $ 1,6 bilhão
• Capitalização de mercado: US $ 2,8 bilhões
• Taxa de dívida / capitalização: 36,5%

Equipe de gerenciamento

Principais detalhes da liderança:

Posição	Nome	Anos de experiência
Presidente & CEO	Justin Knight	Mais de 15 anos
Diretor Financeiro	Bryan Peery	Mais de 12 anos

Tecnologia e análise

Recursos de rastreamento de desempenho:

• Sistema de gerenciamento de receita em tempo real
• Plataforma de rastreamento de ocupação avançada
• Software de análise de dados proprietários

Infraestrutura de investimento imobiliário

Características do portfólio de investimentos:

Métrica de investimento	Valor
Investimento médio do hotel	US $ 27,5 milhões
Era média do hotel	6,3 anos
Diversificação geográfica	16 estados

Apple Hospitality REIT, Inc. (APLE) - Modelo de negócios: proposições de valor

Propriedades do hotel de alta qualidade e bem localizadas

A partir do quarto trimestre de 2023, a Apple Hospitality REIT possui 149 hotéis com 22.693 quartos no total em 16 estados. O portfólio compreende 87 hotéis da marca Marriott e 62 da marca Hilton. A idade média da propriedade é de 6,4 anos.

Categoria de propriedade	Número de hotéis	Total de quartos
Marriott-marca	87	13,247
Marca Hilton	62	9,446

Receita de dividendos consistentes para investidores

Rendimento anual de dividendos anuais: 6,58%. Pagamentos totais de dividendos em 2023: US $ 0,72 por ação. Taxa trimestral de dividendos: US $ 0,18 por ação.

Portfólio imobiliário diversificado de hospitalidade

Distribuição geográfica de hotéis:

• Sudeste: 35 hotéis
• Sudoeste: 28 hotéis
• Nordeste: 24 hotéis
• Centro -Oeste: 22 hotéis
• Oeste: 40 hotéis

Gerenciamento de propriedades profissionais

Receita por sala disponível (RevPAR) em 2023: US $ 108,47. Taxa de ocupação: 66,3%. Taxa média diária: US $ 163,52.

Potencial para valorização de capital a longo prazo

Capitalização de mercado em janeiro de 2024: US $ 3,2 bilhões. Total de ativos: US $ 4,1 bilhões. Valor líquido do ativo por ação: US $ 16,75.

Métrica financeira	2023 valor
Receita total	US $ 1,37 bilhão
Resultado líquido	US $ 218,5 milhões
Fundos das operações (FFO)	US $ 332,6 milhões

Apple Hospitality REIT, Inc. (APLE) - Modelo de negócios: Relacionamentos do cliente

Relações com investidores e comunicação transparente

No quarto trimestre 2023, a Apple Hospitality REIT mantém canais diretos de comunicação de investidores com 4.965 acionistas institucionais representando 89,7% do total de ações em circulação.

Canal de comunicação	Freqüência	Alcançar
Conferências de investidores	4 vezes anualmente	Mais de 150 investidores institucionais
Chamadas de ganhos trimestrais	4 vezes por ano	Aproximadamente 75-100 participantes

Relatórios financeiros regulares e chamadas de ganhos

Métricas de relatórios financeiros para 2023:

• Receita total: US $ 1,3 bilhão
• Lucro líquido: US $ 287,4 milhões
• Ganhos por ação: US $ 1,32

Programas de engajamento dos acionistas

Estatísticas de engajamento dos acionistas para 2023:

Método de engajamento	Taxa de participação
Reunião Anual dos Acionistas	62% de participação
Votação de procuração digital	78% de participação

Plataformas e recursos de investidores digitais

Uso da plataforma digital em 2023:

• Site dos investidores Visitantes únicos: 42.500 mensalmente
• Downloads de apresentação de investidores on -line: 3.750
• Downloads de aplicativos móveis de relações com investidores: 1.200

Distribuição consistente de dividendos

Detalhes de distribuição de dividendos para 2023:

Métrica	Valor
Dividendos totais pagos	US $ 328,6 milhões
Rendimento de dividendos	5.7%
Anos consecutivos de pagamentos de dividendos	10 anos

Apple Hospitality REIT, Inc. (APLE) - Modelo de negócios: Canais

Listagem do mercado de ações

NYSE Símbolo de Ticker: APLE

Intercâmbio	Data de listagem	Capitalização de mercado
Bolsa de Valores de Nova York	Novembro de 2013	US $ 3,85 bilhões (em janeiro de 2024)

Site de Relações com Investidores

Canal Digital Primário: www.applehospitalityreit.com

• Fornece informações de ações em tempo real
• Relatórios financeiros trimestrais
• Downloads de apresentação do investidor
• Arquivos de arquivamento da SEC

Reuniões anuais de acionistas

Frequência de reunião	Localização	Participação média
Anualmente	Richmond, Virgínia	Aproximadamente 75-100 acionistas

Conferências e apresentações financeiras

Principal Participação da Conferência em 2023

• Conferência Anual de Nareit Reitworld
• Conferência Real Estate Global do Bank of America
• Conferência CEO da Citi Global Property

Sec Divulgações de arquivamento

Tipo de arquivamento	Freqüência	Plataformas principais
Relatório anual de 10-K	Anualmente	Sec Edgar, site da empresa
Relatório trimestral de 10-Q	Trimestral	Sec Edgar, site da empresa
Eventos materiais de 8-K	Conforme necessário	Sec Edgar, site da empresa

Apple Hospitality REIT, Inc. (APLE) - Modelo de negócios: segmentos de clientes

Investidores institucionais

No quarto trimestre 2023, a propriedade institucional da Apple Hospitality REIT é de 81,2% do total de ações. Os principais investidores institucionais incluem:

Tipo de investidor	Porcentagem de propriedade	Total de ações
Vanguard Group inc	15.3%	36,7 milhões de ações
BlackRock Inc.	12.6%	30,2 milhões de ações
Cohen & Steers inc	7.8%	18,6 milhões de ações

Fundos de investimento imobiliário

A APLE atrai fundos especializados de investimento imobiliário com as seguintes características:

• Ponha do fundo de investimento imobiliário total: 42,5% das ações institucionais
• Tamanho médio de investimento de fundos: US $ 24,3 milhões
• Período médio de retenção: 3-5 anos

Investidores de varejo individuais

Composição de investidores de varejo para a Apple Hospitality REIT:

Categoria de investidores	Percentagem	Investimento médio
Investidores individuais de varejo	18.8%	US $ 12.500 por investidor
Participantes do Plano de Compra de Ações Diretas	3.2%	US $ 8.700 por participante

Acionistas focados em renda

Profile de acionistas focados em renda:

• Rendimento de dividendos a partir de 2024: 5,6%
• Porcentagem de acionistas que buscam receita: 67%
• Dividendo médio trimestral: US $ 0,36 por ação

Estrategistas de investimento de longo prazo

Características de investimento de longo prazo:

Métrica de investimento	Valor
Período médio de retenção	6,4 anos
Porcentagem de investidores de longo prazo	55.3%
Capitalização total de mercado	US $ 3,8 bilhões

Apple Hospitality REIT, Inc. (APLE) - Modelo de negócios: estrutura de custos

Custos de aquisição de propriedades

No quarto trimestre 2023, o valor total da carteira de propriedades da Apple Hospitality REIT foi de US $ 3,9 bilhões. A empresa possuía 149 hotéis com 22.267 quartos em 16 estados.

Métrica de aquisição de propriedades	2023 valor
Valor total do portfólio	US $ 3,9 bilhões
Número de hotéis	149
Contagem total de quartos	22,267

Despesas de manutenção e renovação de hotéis

Em 2023, a empresa registrou US $ 52,4 milhões em gastos com melhorias e manutenção de propriedades.

• Custo médio de renovação por hotel: US $ 351.684
• Porcentagem de portfólio reformado anualmente: 18,7%

Gestão e sobrecarga operacional

As despesas operacionais totais para 2023 foram de US $ 191,3 milhões, com despesas operacionais no nível do hotel de US $ 171,6 milhões.

Categoria de despesa operacional	2023 quantidade
Despesas operacionais totais	US $ 191,3 milhões
Despesas operacionais no nível do hotel	US $ 171,6 milhões

Despesas de juros em dívida

A despesa total de juros para 2023 foi de US $ 65,2 milhões, com uma taxa de juros médio ponderada de 5,6% em dívidas pendentes.

Métrica relacionada à dívida	2023 valor
Despesa total de juros	US $ 65,2 milhões
Taxa de juros médio ponderada	5.6%

Despesas administrativas e corporativas

As despesas corporativas e administrativas de 2023 totalizaram US $ 19,7 milhões.

• Despesas gerais e administrativas: US $ 12,3 milhões
• Taxas de gerenciamento de ativos: US $ 7,4 milhões

Apple Hospitality REIT, Inc. (APLE) - Modelo de negócios: fluxos de receita

Receita de aluguel de propriedades do hotel

A partir do quarto trimestre de 2023, a Apple Hospitality REIT possui 149 hotéis com 22.004 quartos totais em 16 estados. A receita total de 2023 foi de US $ 1,22 bilhão.

Tipo de propriedade	Número de hotéis	Total de quartos	Receita anual
Selecione hotéis de serviço	109	15,313	US $ 879 milhões
Hotéis de serviço completo	40	6,691	US $ 341 milhões

Distribuições de dividendos

Para 2023, a Apple Hospitality REIT declarou dividendos totais de US $ 0,84 por ação, representando um rendimento de dividendos de 5,7%.

Apreciação de capital de ativos imobiliários

Em 31 de dezembro de 2023, o portfólio imobiliário total da empresa foi avaliado em US $ 3,9 bilhões, com um Apreciação ano a ano de 4,2%.

Taxas de gerenciamento baseadas em desempenho

As taxas de gerenciamento de 2023 totalizaram US $ 18,3 milhões, derivadas de contratos operacionais de desempenho e gerenciamento estratégico de hotéis.

Vendas estratégicas de propriedades e reequilíbrio de portfólio

Em 2023, a empresa concluiu as vendas de propriedades totalizando US $ 124 milhões, com um ganho líquido de US $ 12,6 milhões com essas transações.

• Disposições totais de propriedade: 7 hotéis
• Preço médio de venda por hotel: US $ 17,7 milhões
• Taxa de reinvestimento em novas propriedades: 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.