RICHMOND, Va.--(BUSINESS WIRE)--
Apple Hospitality REIT, Inc. (NYSE: APLE) (“Apple Hospitality” or the
“Company”) today announced the appointment of Blythe J. McGarvie to its
Board of Directors (the “Board”) effective February 21, 2018. Ms.
McGarvie will stand for election as a Board-recommended nominee at the
2018 Annual Meeting of Shareholders.
“We are pleased to welcome Blythe as a member of our Board,” said Glade
M. Knight, Executive Chairman of Apple Hospitality. “Blythe’s wide range
of board positions, finance background and entrepreneurial success are
exceptional and will further enhance our outstanding Board.”
“I am honored to join the Apple Hospitality Board,” said Ms. McGarvie.
“I look forward to working with Apple Hospitality’s dynamic Board and
strong leadership team and contributing to the long-term success of the
Company.”
Ms. McGarvie was a member of the faculty of Harvard Business School,
teaching in the accounting and management department from July 2012 to
June 2014. Ms. McGarvie served as Chief Executive Officer and Founder of
Leadership for International Finance, LLC, an advisory firm offering
consulting services and providing leadership seminars, from 2003 to
2012, where she offered strategic reviews and leadership seminars for
improved decision-making for corporate and academic groups. From 1999 to
2002, Ms. McGarvie was the Executive Vice President and Chief Financial
Officer of BIC Group, a publicly traded consumer goods company with
operations in 36 countries. Prior to that, Ms. McGarvie served as Senior
Vice President and Chief Financial Officer of Hannaford Bros. Co., a
Fortune 500 retailer. Ms. McGarvie currently serves on the board of
directors of LKQ Corporation, Sonoco Products Company and Wawa, Inc.,
and previously served on the board of directors of Accenture plc, Viacom
Inc., Pepsi Bottling Group, Inc., The Travelers Companies, Inc. and
Lafarge North America. Ms. McGarvie is a Certified Public Accountant and
holds a Bachelor of Arts degree in Economics from Northwestern
University, Evanston, Illinois and a Master of Business Administration
from Northwestern University’s J.L. Kellogg Graduate School of
Management. Ms. McGarvie also holds an Executive Masters Professional
Director Certification from the American College of Corporate Directors.
Ms. McGarvie’s appointment increases the size of Apple Hospitality’s
Board from seven to eight members.
About Apple Hospitality REIT, Inc.
Apple Hospitality REIT, Inc. (NYSE: APLE) is a publicly traded real
estate investment trust (REIT) that owns one of the largest portfolios
of upscale, select-service hotels in the United States. The Company’s
portfolio consists of 241 hotels, with more than 30,500 guest rooms,
diversified across the Hilton® and Marriott® families of brands with
locations in urban, high-end suburban and developing markets throughout
34 states. For more information, please visit www.applehospitalityreit.com.
Forward-Looking Statements Disclaimer
Certain statements contained in this press release other than historical
facts may be considered forward-looking statements. These
forward-looking statements are predictions and generally can be
identified by use of statements that include phrases such as “may,”
“believe,” “expect,” “anticipate,” “intend,” “estimate,” “project,”
“target,” “goal,” “plan,” “should,” “will,” “predict,” “potential,”
“outlook,” “strategy,” and similar expressions that convey the
uncertainty of future events or outcomes. Such statements involve known
and unknown risks, uncertainties, and other factors which may cause the
actual results, performance, or achievements of Apple Hospitality to be
materially different from future results, performance or achievements
expressed or implied by such forward-looking statements. Such factors
include, but are not limited to, the ability of Apple Hospitality to
effectively acquire and dispose of properties; the ability of Apple
Hospitality to implement its operating strategy; changes in general
political, economic and competitive conditions and specific market
conditions; adverse changes in the real estate and real estate capital
markets; financing risks; the outcome of current and future litigation;
regulatory proceedings or inquiries; and changes in laws or regulations
or interpretations of current laws and regulations that impact Apple
Hospitality’s business, assets or classification as a real estate
investment trust. Although Apple Hospitality believes that the
assumptions underlying the forward-looking statements contained herein
are reasonable, any of the assumptions could be inaccurate, and
therefore there can be no assurance that such statements included in
this press release will prove to be accurate. In light of the
significant uncertainties inherent in the forward-looking statements
included herein, the inclusion of such information should not be
regarded as a representation by Apple Hospitality or any other person
that the results or conditions described in such statements or the
objectives and plans of Apple Hospitality will be achieved. In addition,
Apple Hospitality’s qualification as a real estate investment trust
involves the application of highly technical and complex provisions of
the Internal Revenue Code. Readers should carefully review Apple
Hospitality’s financial statements and the notes thereto, as well as the
risk factors described in Apple Hospitality’s filings with the
Securities and Exchange Commission, including, but not limited to, in
the section entitled “Risk Factors” in the Company’s Annual Report on
Form 10-K for the year ended December 31, 2016. Any forward-looking
statement that Apple Hospitality makes speaks only as of the date of
such statement. Apple Hospitality undertakes no obligation to publicly
update or revise any forward-looking statements or cautionary factors,
as a result of new information, future events, or otherwise, except as
required by law.
For additional information or to receive press releases by email,
visit www.applehospitalityreit.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180222005314/en/
Apple Hospitality REIT, Inc.
Kelly Clarke, 804-727-6321
Vice
President, Investor Relations
kclarke@applereit.com
Source: Apple Hospitality REIT, Inc.