Quarterly ResultMay 29, 2026, 04:20 PM
Apple Hospitality Q1 RevPAR +2.2%; MFFO per share $0.34; April RevPAR +4%
AI Summary
Apple Hospitality REIT reported Q1 2026 comparable hotels RevPAR increased by 2.2% to $114.61, with Modified Funds From Operations (MFFO) per share rising 3.0% to $0.34. Preliminary comparable hotels RevPAR for April 2026 showed growth of over 4%. The company also announced two new hotel developments under contract in Anchorage and Las Vegas for a combined $209.2 million and sold a hotel for $9 million.
Key Highlights
- Q1 Comparable Hotels RevPAR increased 2.2% to $114.61.
- Q1 MFFO per share rose 3.0% to $0.34.
- Preliminary Comparable Hotels RevPAR for April 2026 grew over 4%.
- Sold Hampton Inn & Suites Rochester-North for approximately $9 million in April 2026.
- Acquired AC Hotel Anchorage (160 rooms) for $65.5 million, expected Q4 2027.
- Acquired AC Hotel & Residence Inn Las Vegas (397 rooms) for $143.7 million, expected Q2 2028.
- Q1 Comparable Hotels Total Revenue increased 4.3% to $336.9 million.
- Maintained strong balance sheet with 37% net debt to total capitalization and $559 million available liquidity.
Price Impact
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