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Apple Hospitality REIT Provides Hurricane Florence Update

Thursday, September 20, 2018
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RICHMOND, VA--Apple Hospitality REIT, Inc. (NYSE: APLE) (the “Company” or “Apple Hospitality”) today provided an update on operations at its hotels in the path of Hurricane Florence.

“Our thoughts and prayers are with everyone affected by Hurricane Florence,” said Justin Knight, President and Chief Executive Officer of Apple Hospitality REIT. “We are incredibly proud of the operating teams at our hotels who have worked tirelessly to ensure the safety and well-being of our guests. We will continue to support them and the surrounding communities as recovery from this storm continues.”

Apple Hospitality owns five hotels that were in the primary path of Hurricane Florence in eastern North Carolina. Preliminary reports from initial property inspections have indicated some minor wind- and water-related damage at these hotels; however, at this time the overall damage and impact does not appear to be material. All of the Company’s hotels are now operational. The Company remains focused on the welfare of guests and associates at its hotels and will continue to assess the overall impact of the storm as the situation evolves at each of its hotels. The Company maintains comprehensive insurance coverage for property, business interruption and other risks with respect to all of its hotels, with industry standard deductibles in each of the locations.

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