Apple Hospitality REIT is a publicly-traded real estate investment trust that owns and operates upscale and upper-midscale hotels exclusively across the United States, primarily under leading Marriott and Hilton brands. The company generates revenue from room sales and guest-related hotel services, leasing its properties to third-party management companies under fee arrangements that align with operational performance. Apple Hospitality pursues a strategy of selective acquisitions, geographic and brand diversification, proactive asset management, and disciplined capital allocation to maximize shareholder distributions while maintaining low leverage and financial flexibility.