Liz Perkins, CFO of Apple Hospitality REIT, Inc. (NYSE: APLE), participated in a video interview in conjunction with Nareit’s REITweek: 2022 Investor Conference in New York on June 7-9.
Perkins said that Apple Hospitality REIT has plans for expansion in 2022.
“Since the onset of the pandemic, we have bought approximately $473 million worth of assets, while selling about $240 million,” she said. “We intend to continue to grow to the extent that the opportunities exist and we can find attractive valuations.”
Perkins also said that Apple Hospitality REIT has been “really pleased” with travel trends this year.
“Leisure continues to be strong and our weekend occupancies are exceeding 2019, and ADR levels on those nights as well,” she said.
Perkins added that the REIT’s values of hospitality, resolve, excellence, integrity, and teamwork are “central to everything that we do.”
“We believe how we do business, how we interact with people, how we treat each other, and how we care for our stakeholders and communities matters,” she said.