Apple Hospitality REIT’s CEO on acquisitions, leisure travel

Weekend occupancy figures at properties owned by Apple Hospitality REIT have gotten a significant boost from leisure demand, CEO Justin Knight said. In addition, Knight discussed the REIT’s acquisition strategy, noting that the “deals that we’ve been able to acquire are meaningfully additive in that they tend to be newer assets with lower [capital expenditure] needs, and positioned in markets that have been early beneficiaries of the recovery.”