Apple Hospitality REIT Q2 RevPAR +5.3%; July RevPAR +5.5%; New Acquisitions
Apple Hospitality REIT reported strong second-quarter 2026 operating results, with Comparable Hotels RevPAR increasing by 5.3% and Adjusted Hotel EBITDA Margin expanding by 120 basis points to 38.1%. Modified Funds From Operations (MFFO) per share grew 8.3% to $0.52. Preliminary results for July 2026 indicate continued momentum, with Comparable Hotels RevPAR growth exceeding 5.5%. The company also announced two new hotels under contract in Anchorage and Las Vegas for a combined anticipated purchase price of $209.2 million, demonstrating strategic growth initiatives. Furthermore, Apple Hospitality maintained a strong balance sheet, refinancing its credit facility and ensuring no significant debt maturities until 2029.
Key Highlights
- Q2 2026 Comparable Hotels RevPAR increased 5.3%.
- Q2 2026 MFFO per share grew 8.3% to $0.52.
- Q2 2026 Adjusted Hotel EBITDA Margin expanded 120 bps to 38.1%.
- Preliminary July 2026 Comparable Hotels RevPAR grew over 5.5%.
- Two new hotels under contract in Anchorage and Las Vegas for $209.2M.
- Sold Hampton Inn & Suites Rochester-North for $9M in April 2026.
- Refinanced $1.2B credit facility; no significant debt maturities until 2029.
Price Impact
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