Apple Hospitality real estate investment trust CEO Justin Knight said in the REIT's first quarter 2020 earnings call that he expected the company would be profitable at the hotel level when occupancy levels reached between 30% and 35%, and he further anticipated the company would become profitable at the corporate level when the average occupancy in its hotels reached 40% to 45%.
Hotel REIT Hits Breakeven Point After July Occupancy Levels Reach 45%
Treading Uncertain Waters, Apple Hospitality REIT Reaches Deal to Sell Homewood Suites in Memphis, Tennessee
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IN THIS ARTICLE
- Properties
- Poplar Inn & Suites
5811 Poplar Ave, Memphis, TN
- Marriott Richmond
500 Broad St, Richmond, VA
- Hilton Garden Inn Islip/MacArthur Airport
3485 Veterans Memorial Hwy, Ronkonkoma, NY