Apple Hospitality Surges in Q2 | Business and Finance News

Apple Hospitality REIT is on a strong growth trajectory in Q2 2026, with RevPAR up over 5% driven by rebounding business and leisure travel—three-quarters of its hotels posted gains—and it’s raising full-year RevPAR guidance by 25 basis points to 3.25%. Momentum continues into Q3, with July showing 5.5% RevPAR growth even without World Cup boosts, fueled by stronger weekday occupancy. The company also lifted its adjusted EBITDA margin guidance by 75 basis points. Financially resilient after recent refinancings that extended debt maturities, improved pricing, and boosted credit capacity, Apple sold a Hampton Inn for $9M and is evaluating other assets for value-enhancing exits. Two major developments are underway: an AC Hotel in Anchorage (late 2027) and a dual-branded AC/Residence Inn in Vegas (Q2 2028), both under fixed-price contracts amid tight industry supply. Plus, they’re investing in 18 hotel renovations—including major projects in Anchorage and Seattle—to keep properties competitive, all while maintaining a disciplined balance sheet focused on long-term shareholder returns. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/36915328a4bf7e47