Apple Hospitality REIT, Inc.
For the period ended Dec 31, 2025. Filed Feb 23, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 23, 2026
APLE$19.68+4.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 16. Form 10-K Summary
None.
SCHEDULE III
Real Estate and Accumulated Depreciation and Amortization
As of December 31, 2025
(dollars in thousands)
| Subsequently | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Initial Cost · Capitalized | |||||||||||||
| Bldg./FF&E · Bldg.Imp. & · TotalGross · Acc. · Date of · Date · Depreciable · # ofGuest | |||||||||||||
| City · State · Description · Encumbrances · Land (1) · /Other · FF&E · Cost (2) · Deprec. · Construction · Acquired · Life · Rooms | |||||||||||||
| Anchorage | AK | Embassy Suites | $ | - | $2,955 | $39,053 | $5,473 | $47,481 | $(21,632) | 2008 | Apr-10 | 3 - 39 yrs. | 169 |
| Anchorage | AK | Home2 Suites | - | 2,683 | 21,606 | 1,832 | 26,121 | (6,187) | 2015 | Dec-17 | 3 - 39 yrs. | 135 | |
| Auburn | AL | Hilton Garden Inn | - | 1,580 | 9,659 | 4,480 | 15,719 | (4,996) | 2001 | Mar-14 | 3 - 39 yrs. | 101 | |
| Birmingham | AL | Courtyard | - | 2,310 | 6,425 | 2,008 | 10,743 | (3,669) | 2007 | Mar-14 | 3 - 39 yrs. | 84 | |
| Birmingham | AL | Hilton Garden Inn | - | 3,425 | 15,555 | 132 | 19,112 | (4,770) | 2017 | Sep-17 | 3 - 39 yrs. | 104 | |
| Birmingham | AL | Home2 Suites | - | 3,491 | 15,603 | 112 | 19,206 | (4,607) | 2017 | Sep-17 | 3 - 39 yrs. | 106 | |
| Birmingham | AL | Homewood Suites | - | 1,010 | 12,981 | 5,693 | 19,684 | (6,705) | 2005 | Mar-14 | 3 - 39 yrs. | 95 | |
| Dothan | AL | Hilton Garden Inn | - | 1,037 | 10,581 | 2,129 | 13,747 | (6,757) | 2009 | Jun-09 | 3 - 39 yrs. | 104 | |
| Dothan | AL | Residence Inn | - | 970 | 13,185 | 1,813 | 15,968 | (5,554) | 2008 | Mar-14 | 3 - 39 yrs. | 84 | |
| Huntsville | AL | Hampton | - | 550 | 11,962 | 1,670 | 14,182 | (4,042) | 2013 | Sep-16 | 3 - 39 yrs. | 98 | |
| Huntsville | AL | Hilton Garden Inn | - | 890 | 11,227 | 4,244 | 16,361 | (5,333) | 2005 | Mar-14 | 3 - 39 yrs. | 101 | |
| Huntsville | AL | Home2 Suites | - | 490 | 10,840 | 1,537 | 12,867 | (3,672) | 2013 | Sep-16 | 3 - 39 yrs. | 77 | |
| Huntsville | AL | Homewood Suites | - | 210 | 15,654 | 5,060 | 20,924 | (7,326) | 2006 | Mar-14 | 3 - 39 yrs. | 107 | |
| Mobile | AL | Hampton | - | - | 11,452 | 2,108 | 13,560 | (4,331) | 2006 | Sep-16 | 3 - 39 yrs. | 101 | |
| Prattville | AL | Courtyard | - | 2,050 | 9,101 | 1,947 | 13,098 | (4,290) | 2007 | Mar-14 | 3 - 39 yrs. | 84 | |
| Chandler | AZ | Courtyard | - | 1,061 | 16,008 | 3,625 | 20,694 | (8,833) | 2009 | Nov-10 | 3 - 39 yrs. | 150 | |
| Chandler | AZ | Fairfield | - | 778 | 11,272 | 2,328 | 14,378 | (6,029) | 2009 | Nov-10 | 3 - 39 yrs. | 110 | |
| Phoenix | AZ | Courtyard | - | 1,413 | 14,669 | 3,306 | 19,388 | (9,008) | 2007 | Nov-10 | 3 - 39 yrs. | 164 | |
| Phoenix | AZ | Hampton | - | - | 15,209 | 2,525 | 17,734 | (5,683) | 2008 | Sep-16 | 3 - 39 yrs. | 125 | |
| Phoenix | AZ | Hampton | - | 3,406 | 41,174 | 267 | 44,847 | (10,907) | 2018 | May-18 | 3 - 39 yrs. | 210 | |
| Phoenix | AZ | Homewood Suites | - | - | 18,907 | 2,732 | 21,639 | (7,013) | 2008 | Sep-16 | 3 - 39 yrs. | 134 | |
| Phoenix | AZ | Residence Inn | - | 1,111 | 12,953 | 3,854 | 17,918 | (7,932) | 2008 | Nov-10 | 3 - 39 yrs. | 129 | |
| Scottsdale | AZ | Hilton Garden Inn | - | 6,000 | 26,811 | 3,138 | 35,949 | (8,578) | 2005 | Sep-16 | 3 - 39 yrs. | 122 | |
| Tempe | AZ | Hyatt House | - | - | 24,001 | 7 | 24,008 | (4,872) | 2020 | Aug-20 | 3 - 39 yrs. | 105 | |
| Tempe | AZ | Hyatt Place | - | - | 34,893 | 53 | 34,946 | (6,930) | 2020 | Aug-20 | 3 - 39 yrs. | 154 | |
| Tucson | AZ | Hilton Garden Inn | - | 1,005 | 17,925 | 2,900 | 21,830 | (11,022) | 2008 | Jul-08 | 3 - 39 yrs. | 125 | |
| Tucson | AZ | Residence Inn | - | 2,080 | 12,424 | 2,963 | 17,467 | (6,181) | 2008 | Mar-14 | 3 - 39 yrs. | 124 | |
| Tucson | AZ | TownePlace Suites | - | 992 | 14,543 | 1,587 | 17,122 | (6,828) | 2011 | Oct-11 | 3 - 39 yrs. | 124 | |
| Agoura Hills | CA | Homewood Suites | - | 3,430 | 21,290 | 3,019 | 27,739 | (9,465) | 2007 | Mar-14 | 3 - 39 yrs. | 125 | |
| Burbank | CA | Courtyard | 18,839 | 12,916 | 41,218 | 6,048 | 60,182 | (15,442) | 2002 | Aug-15 | 3 - 39 yrs. | 190 | |
| Burbank | CA | Residence Inn | - | 32,270 | 41,559 | 6,758 | 80,587 | (17,351) | 2007 | Mar-14 | 3 - 39 yrs. | 166 | |
| Burbank | CA | SpringHill Suites | 22,498 | 10,734 | 49,181 | 675 | 60,590 | (15,188) | 2015 | Jul-15 | 3 - 39 yrs. | 170 | |
| Cypress | CA | Courtyard | - | 4,410 | 35,033 | 6,743 | 46,186 | (15,472) | 1988 | Mar-14 | 3 - 39 yrs. | 180 | |
| Subsequently | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Initial Cost · Capitalized | ||||||||||||
| Bldg./FF&E · Bldg.Imp. & · TotalGross · Acc. · Date of · Date · Depreciable · # ofGuest | ||||||||||||
| City | State | Description | Encumbrances | Land (1) | /Other | FF&E | Cost (2) | Deprec. | Construction | Acquired | Life | Rooms |
| Cypress | CA | Hampton | - | 3,209 | 16,749 | 2,592 | 22,550 | (7,226) | 2006 | Jun-15 | 3 - 39 yrs. | 110 |
| Oceanside | CA | Courtyard | - | 3,080 | 25,769 | 2,719 | 31,568 | (8,765) | 2011 | Sep-16 | 3 - 39 yrs. | 142 |
| Oceanside | CA | Residence Inn | - | 7,790 | 24,048 | 4,229 | 36,067 | (10,039) | 2007 | Mar-14 | 3 - 39 yrs. | 125 |
| Rancho Bernardo/San Diego | CA | Courtyard | - | 16,380 | 28,952 | 4,061 | 49,393 | (12,588) | 1987 | Mar-14 | 3 - 39 yrs. | 210 |
| Sacramento | CA | Hilton Garden Inn | - | 5,920 | 21,515 | 4,250 | 31,685 | (10,965) | 1999 | Mar-14 | 3 - 39 yrs. | 153 |
| San Bernardino | CA | Residence Inn | - | 1,490 | 13,662 | 3,998 | 19,150 | (8,015) | 2006 | Feb-11 | 3 - 39 yrs. | 95 |
| San Diego | CA | Courtyard | 18,772 | 11,268 | 44,851 | 5,609 | 61,728 | (16,329) | 2002 | Sep-15 | 3 - 39 yrs. | 245 |
| San Diego | CA | Hampton | 13,975 | 13,570 | 36,644 | 7,384 | 57,598 | (14,986) | 2001 | Mar-14 | 3 - 39 yrs. | 177 |
| San Diego | CA | Hilton Garden Inn | - | 8,020 | 29,151 | 5,890 | 43,061 | (13,565) | 2004 | Mar-14 | 3 - 39 yrs. | 200 |
| San Diego | CA | Residence Inn | - | 22,400 | 20,640 | 3,411 | 46,451 | (9,460) | 1999 | Mar-14 | 3 - 39 yrs. | 122 |
| San Jose | CA | Homewood Suites | 21,460 | 12,860 | 28,084 | 8,343 | 49,287 | (15,182) | 1991 | Mar-14 | 3 - 39 yrs. | 140 |
| San Juan Capistrano | CA | Residence Inn | - | - | 32,292 | 2,231 | 34,523 | (10,259) | 2012 | Sep-16 | 3 - 39 yrs. | 130 |
| Santa Ana | CA | Courtyard | 12,272 | 3,082 | 21,051 | 2,686 | 26,819 | (10,885) | 2011 | May-11 | 3 - 39 yrs. | 155 |
| Santa Clarita | CA | Courtyard | - | 4,568 | 18,721 | 5,496 | 28,785 | (12,372) | 2007 | Sep-08 | 3 - 39 yrs. | 140 |
| Santa Clarita | CA | Fairfield | - | 1,864 | 7,753 | 3,548 | 13,165 | (5,710) | 1997 | Oct-08 | 3 - 39 yrs. | 66 |
| Santa Clarita | CA | Hampton | - | 1,812 | 15,761 | 6,616 | 24,189 | (13,016) | 1988 | Oct-08 | 3 - 39 yrs. | 128 |
| Santa Clarita | CA | Residence Inn | - | 2,539 | 14,493 | 6,715 | 23,747 | (11,558) | 1997 | Oct-08 | 3 - 39 yrs. | 90 |
| Tustin | CA | Fairfield | - | 7,700 | 26,580 | 1,962 | 36,242 | (8,064) | 2013 | Sep-16 | 3 - 39 yrs. | 145 |
| Tustin | CA | Residence Inn | - | 11,680 | 33,645 | 2,310 | 47,635 | (10,531) | 2013 | Sep-16 | 3 - 39 yrs. | 149 |
| Colorado Springs | CO | Hampton | - | 1,780 | 15,860 | 2,337 | 19,977 | (5,318) | 2008 | Sep-16 | 3 - 39 yrs. | 101 |
| Denver | CO | Hilton Garden Inn | - | 9,940 | 57,536 | 7,447 | 74,923 | (19,095) | 2007 | Sep-16 | 3 - 39 yrs. | 221 |
| Highlands Ranch | CO | Hilton Garden Inn | - | 5,480 | 20,465 | 3,099 | 29,044 | (8,005) | 2006 | Mar-14 | 3 - 39 yrs. | 128 |
| Highlands Ranch | CO | Residence Inn | - | 5,350 | 19,167 | 4,257 | 28,774 | (10,386) | 1996 | Mar-14 | 3 - 39 yrs. | 117 |
| Boca Raton | FL | Hilton Garden Inn | - | 7,220 | 22,177 | 3,069 | 32,466 | (7,924) | 2002 | Sep-16 | 3 - 39 yrs. | 149 |
| Cape Canaveral | FL | Hampton | - | 2,594 | 20,951 | 117 | 23,662 | (4,448) | 2020 | Apr-20 | 3 - 39 yrs. | 116 |
| Cape Canaveral | FL | Home2 Suites | - | 2,415 | 19,668 | 78 | 22,161 | (4,274) | 2020 | Apr-20 | 3 - 39 yrs. | 108 |
| Cape Canaveral | FL | Homewood Suites | - | 2,780 | 23,967 | 766 | 27,513 | (7,896) | 2016 | Sep-16 | 3 - 39 yrs. | 153 |
| Fort Lauderdale | FL | Hampton | - | 1,793 | 21,357 | 8,327 | 31,477 | (11,498) | 2002 | Jun-15 | 3 - 39 yrs. | 156 |
| Fort Lauderdale | FL | Residence Inn | - | 5,760 | 26,727 | 2,812 | 35,299 | (8,610) | 2014 | Sep-16 | 3 - 39 yrs. | 156 |
| Gainesville | FL | Hilton Garden Inn | - | 1,300 | 17,322 | 2,360 | 20,982 | (5,950) | 2007 | Sep-16 | 3 - 39 yrs. | 104 |
| Gainesville | FL | Homewood Suites | - | 1,740 | 16,329 | 2,984 | 21,053 | (6,278) | 2005 | Sep-16 | 3 - 39 yrs. | 103 |
| Jacksonville | FL | Homewood Suites | - | 9,480 | 21,247 | 4,882 | 35,609 | (11,077) | 2005 | Mar-14 | 3 - 39 yrs. | 119 |
| Jacksonville | FL | Hyatt Place | - | 2,013 | 13,533 | 1,377 | 16,923 | (4,350) | 2009 | Dec-18 | 3 - 39 yrs. | 127 |
| Miami | FL | Courtyard | - | - | 31,488 | 2,388 | 33,876 | (12,149) | 2008 | Mar-14 | 3 - 39 yrs. | 118 |
| Miami | FL | Hampton | - | 1,972 | 9,987 | 6,703 | 18,662 | (10,187) | 2000 | Apr-10 | 3 - 39 yrs. | 121 |
| Miami | FL | Homewood Suites | - | 18,820 | 25,375 | 10,027 | 54,222 | (15,001) | 2000 | Mar-14 | 3 - 39 yrs. | 162 |
| Orlando | FL | Fairfield | - | 3,140 | 22,580 | 3,445 | 29,165 | (13,324) | 2009 | Jul-09 | 3 - 39 yrs. | 200 |
| Subsequently | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Initial Cost · Capitalized | |||||||||||||
| Bldg./FF&E · Bldg.Imp. & · TotalGross · Acc. · Date of · Date · Depreciable · # ofGuest | |||||||||||||
| City · State · Description · Encumbrances · Land (1) · /Other · FF&E · Cost (2) · Deprec. · Construction · Acquired · Life · Rooms | |||||||||||||
| Orlando | FL | Home2 Suites | - | 2,731 | 18,063 | 215 | 21,009 | (5,087) | 2019 | Mar-19 | 3 - 39 yrs. | 128 | |
| Orlando | FL | SpringHill Suites | - | 3,141 | 25,779 | 3,668 | 32,588 | (15,006) | 2009 | Jul-09 | 3 - 39 yrs. | 200 | |
| Panama City | FL | Hampton | - | 1,605 | 9,995 | 1,645 | 13,245 | (6,159) | 2009 | Mar-09 | 3 - 39 yrs. | 95 | |
| Panama City | FL | TownePlace Suites | - | 908 | 9,549 | 970 | 11,427 | (4,963) | 2010 | Jan-10 | 3 - 39 yrs. | 103 | |
| Pensacola | FL | TownePlace Suites | - | 1,770 | 12,562 | 1,890 | 16,222 | (4,234) | 2008 | Sep-16 | 3 - 39 yrs. | 97 | |
| Tallahassee | FL | Fairfield | - | 960 | 11,734 | 1,219 | 13,913 | (3,823) | 2011 | Sep-16 | 3 - 39 yrs. | 97 | |
| Tallahassee | FL | Hilton Garden Inn | - | - | 10,938 | 2,125 | 13,063 | (4,556) | 2006 | Mar-14 | 3 - 39 yrs. | 85 | |
| Tampa | FL | Embassy Suites | - | 1,824 | 20,034 | 4,839 | 26,697 | (12,077) | 2007 | Nov-10 | 3 - 39 yrs. | 147 | |
| Tampa | FL | Homewood Suites | - | 4,057 | 14,985 | 475 | 19,517 | (282) | 2006 | Jun-25 | 3 - 39 yrs. | 126 | |
| Atlanta | GA | Home2 Suites | - | 740 | 23,122 | 1,870 | 25,732 | (7,820) | 2016 | Jul-16 | 3 - 39 yrs. | 128 | |
| Atlanta / Downtown | GA | Hampton | - | 7,861 | 16,374 | 4,294 | 28,529 | (6,860) | 1999 | Feb-18 | 3 - 39 yrs. | 119 | |
| Atlanta / Perimeter Dunwoody | GA | Hampton | - | 3,228 | 26,498 | 270 | 29,996 | (6,669) | 2016 | Jun-18 | 3 - 39 yrs. | 132 | |
| Macon | GA | Hilton Garden Inn | - | - | 15,043 | 2,946 | 17,989 | (6,071) | 2007 | Mar-14 | 3 - 39 yrs. | 101 | |
| Savannah | GA | Hilton Garden Inn | - | - | 14,716 | 2,804 | 17,520 | (7,111) | 2004 | Mar-14 | 3 - 39 yrs. | 105 | |
| Davenport | IA | Hampton | - | 400 | 16,867 | 1,161 | 18,428 | (5,675) | 2007 | Sep-16 | 3 - 39 yrs. | 103 | |
| Boise | ID | Hampton | 19,601 | 1,335 | 21,114 | 4,445 | 26,894 | (12,664) | 2007 | Apr-10 | 3 - 39 yrs. | 186 | |
| Des Plaines | IL | Hilton Garden Inn | - | 10,000 | 38,116 | 4,473 | 52,589 | (12,739) | 2005 | Sep-16 | 3 - 39 yrs. | 253 | |
| Hoffman Estates | IL | Hilton Garden Inn | - | 1,770 | 14,371 | (84) | (3) | 16,057 | (5,631) | 2000 | Sep-16 | 3 - 39 yrs. | 184 |
| Mettawa | IL | Hilton Garden Inn | - | 2,246 | 28,328 | 3,044 | 33,618 | (14,505) | 2008 | Nov-10 | 3 - 39 yrs. | 170 | |
| Mettawa | IL | Residence Inn | - | 1,722 | 21,843 | 2,531 | 26,096 | (11,100) | 2008 | Nov-10 | 3 - 39 yrs. | 130 | |
| Rosemont | IL | Hampton | - | 3,410 | 23,594 | 406 | 27,410 | (7,483) | 2015 | Sep-16 | 3 - 39 yrs. | 158 | |
| Skokie | IL | Hampton | - | 2,593 | 31,284 | 4,612 | 38,489 | (11,351) | 2000 | Sep-16 | 3 - 39 yrs. | 225 | |
| Warrenville | IL | Hilton Garden Inn | - | 1,171 | 20,894 | 3,146 | 25,211 | (11,391) | 2008 | Nov-10 | 3 - 39 yrs. | 135 | |
| Merrillville | IN | Hilton Garden Inn | - | 1,860 | 17,755 | 2,508 | 22,123 | (6,433) | 2008 | Sep-16 | 3 - 39 yrs. | 124 | |
| Mishawaka | IN | Residence Inn | - | 898 | 12,862 | 2,138 | 15,898 | (7,031) | 2007 | Nov-10 | 3 - 39 yrs. | 106 | |
| South Bend | IN | Fairfield | - | 2,090 | 23,361 | 1,920 | 27,371 | (7,496) | 2010 | Sep-16 | 3 - 39 yrs. | 119 | |
| Overland Park | KS | Fairfield | - | 1,230 | 11,713 | 2,249 | 15,192 | (5,480) | 2008 | Mar-14 | 3 - 39 yrs. | 110 | |
| Overland Park | KS | Residence Inn | - | 1,790 | 20,633 | 5,704 | 28,127 | (11,178) | 2000 | Mar-14 | 3 - 39 yrs. | 120 | |
| Louisville | KY | AC Hotel | - | 5,004 | 46,548 | 69 | 51,621 | (4,618) | 2018 | Oct-22 | 3 - 39 yrs. | 156 | |
| Lafayette | LA | Hilton Garden Inn | - | - | 17,898 | 6,893 | 24,791 | (12,309) | 2006 | Jul-10 | 3 - 39 yrs. | 153 | |
| Lafayette | LA | SpringHill Suites | - | 709 | 9,400 | 1,201 | 11,310 | (4,764) | 2011 | Jun-11 | 3 - 39 yrs. | 103 | |
| New Orleans | LA | Homewood Suites | - | 4,150 | 52,258 | 14,875 | 71,283 | (24,809) | 2002 | Mar-14 | 3 - 39 yrs. | 166 | |
| Marlborough | MA | Residence Inn | - | 3,480 | 17,341 | 4,345 | 25,166 | (7,966) | 2006 | Mar-14 | 3 - 39 yrs. | 112 | |
| Westford | MA | Hampton | - | 3,410 | 16,320 | 2,000 | 21,730 | (6,948) | 2007 | Mar-14 | 3 - 39 yrs. | 110 | |
| Westford | MA | Residence Inn | - | 1,760 | 20,791 | 4,734 | 27,285 | (10,726) | 2001 | Mar-14 | 3 - 39 yrs. | 108 | |
| Annapolis | MD | Hilton Garden Inn | - | 4,350 | 13,974 | 3,453 | 21,777 | (6,915) | 2007 | Mar-14 | 3 - 39 yrs. | 126 | |
| Silver Spring | MD | Hilton Garden Inn | - | 1,361 | 16,094 | 1,822 | 19,277 | (8,577) | 2010 | Jul-10 | 3 - 39 yrs. | 107 | |
| Subsequently | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Initial Cost · Capitalized | |||||||||||||
| Bldg./FF&E · Bldg.Imp. & · TotalGross · Acc. · Date of · Date · Depreciable · # ofGuest | |||||||||||||
| City · State · Description · Encumbrances · Land (1) · /Other · FF&E · Cost (2) · Deprec. · Construction · Acquired · Life · Rooms | |||||||||||||
| Portland | ME | AC Hotel | - | 6,767 | 61,602 | 155 | 68,524 | (8,311) | 2018 | Aug-21 | 3 - 39 yrs. | 178 | |
| Portland | ME | Aloft Hotel | - | 6,002 | 47,177 | 83 | 53,262 | (7,082) | 2021 | Sep-21 | 3 - 39 yrs. | 157 | |
| Portland | ME | Residence Inn | 30,500 | 4,440 | 51,534 | 3,399 | 59,373 | (13,271) | 2009 | Oct-17 | 3 - 39 yrs. | 179 | |
| Novi | MI | Hilton Garden Inn | - | 1,213 | 15,052 | 3,112 | 19,377 | (8,941) | 2008 | Nov-10 | 3 - 39 yrs. | 148 | |
| Maple Grove | MN | Hilton Garden Inn | - | 1,560 | 13,717 | 3,701 | 18,978 | (6,570) | 2003 | Sep-16 | 3 - 39 yrs. | 121 | |
| Rochester | MN | Hampton | - | 916 | 13,225 | 2,935 | 17,076 | (8,615) | 2009 | Aug-09 | 3 - 39 yrs. | 124 | |
| St. Paul | MN | Hampton | - | 2,523 | 29,365 | 582 | 32,470 | (7,010) | 2016 | Mar-19 | 3 - 39 yrs. | 160 | |
| Kansas City | MO | Hampton | - | 727 | 9,363 | 2,870 | 12,960 | (6,141) | 1999 | Aug-10 | 3 - 39 yrs. | 122 | |
| Kansas City | MO | Residence Inn | - | 2,000 | 20,818 | 4,601 | 27,419 | (10,437) | 2002 | Mar-14 | 3 - 39 yrs. | 106 | |
| St. Louis | MO | Hampton | - | 1,758 | 20,954 | 11,703 | 34,415 | (18,026) | 2003 | Aug-10 | 3 - 39 yrs. | 190 | |
| St. Louis | MO | Hampton | - | 758 | 15,287 | 4,245 | 20,290 | (9,496) | 2006 | Apr-10 | 3 - 39 yrs. | 126 | |
| Hattiesburg | MS | Courtyard | - | 1,390 | 11,324 | 2,034 | 14,748 | (5,156) | 2006 | Mar-14 | 3 - 39 yrs. | 84 | |
| Hattiesburg | MS | Residence Inn | - | 906 | 9,151 | 1,901 | 11,958 | (5,743) | 2008 | Dec-08 | 3 - 39 yrs. | 84 | |
| Carolina Beach | NC | Courtyard | - | 7,490 | 31,588 | 7,689 | 46,767 | (14,399) | 2003 | Mar-14 | 3 - 39 yrs. | 144 | |
| Charlotte | NC | Fairfield | - | 1,030 | 11,111 | 1,675 | 13,816 | (4,256) | 2010 | Sep-16 | 3 - 39 yrs. | 94 | |
| Durham | NC | Homewood Suites | - | 1,232 | 18,343 | 9,419 | 28,994 | (14,298) | 1999 | Dec-08 | 3 - 39 yrs. | 122 | |
| Fayetteville | NC | Home2 Suites | - | 746 | 10,563 | 1,854 | 13,163 | (6,093) | 2011 | Feb-11 | 3 - 39 yrs. | 118 | |
| Jacksonville | NC | Home2 Suites | - | 910 | 12,527 | 1,554 | 14,991 | (4,404) | 2012 | Sep-16 | 3 - 39 yrs. | 105 | |
| Wilmington | NC | Fairfield | - | 1,310 | 13,034 | 1,959 | 16,303 | (5,775) | 2008 | Mar-14 | 3 - 39 yrs. | 122 | |
| Winston-Salem | NC | Hampton | - | 2,170 | 14,268 | 1,455 | 17,893 | (4,634) | 2010 | Sep-16 | 3 - 39 yrs. | 94 | |
| Omaha | NE | Courtyard | - | 6,700 | 36,829 | 7,347 | 50,876 | (17,532) | 1999 | Mar-14 | 3 - 39 yrs. | 181 | |
| Omaha | NE | Hampton | - | 1,710 | 22,636 | 2,837 | 27,183 | (7,216) | 2007 | Sep-16 | 3 - 39 yrs. | 139 | |
| Omaha | NE | Hilton Garden Inn | - | 1,620 | 35,962 | 3,078 | 40,660 | (11,693) | 2001 | Sep-16 | 3 - 39 yrs. | 178 | |
| Omaha | NE | Homewood Suites | - | 1,890 | 22,014 | 2,779 | 26,683 | (7,663) | 2008 | Sep-16 | 3 - 39 yrs. | 123 | |
| Cranford | NJ | Homewood Suites | - | 4,550 | 23,828 | 7,889 | 36,267 | (12,031) | 2000 | Mar-14 | 3 - 39 yrs. | 108 | |
| Mahwah | NJ | Homewood Suites | - | 3,220 | 22,742 | 5,288 | 31,250 | (11,790) | 2001 | Mar-14 | 3 - 39 yrs. | 110 | |
| Mount Laurel | NJ | Homewood Suites | - | 1,589 | 13,476 | 6,797 | 21,862 | (10,751) | 2006 | Jan-11 | 3 - 39 yrs. | 118 | |
| Somerset | NJ | Courtyard | - | - | 27,133 | 5,117 | 32,250 | (16,885) | 2002 | Mar-14 | 3 - 25 yrs. | 162 | |
| West Orange | NJ | Courtyard | - | 2,054 | 19,513 | 4,535 | 26,102 | (11,356) | 2005 | Jan-11 | 3 - 39 yrs. | 131 | |
| Las Vegas | NV | SpringHill Suites | - | 10,097 | 65,179 | 178 | 75,454 | (4,626) | 2009 | Dec-23 | 3 - 39 yrs. | 300 | |
| Islip/Ronkonkoma | NY | Hilton Garden Inn | - | 6,510 | 28,718 | 7,027 | 42,255 | (14,757) | 2003 | Mar-14 | 3 - 39 yrs. | 166 | |
| New York | NY | Independent | - | - | 102,832 | (71,242) | (3)(6) | 31,590 | (22,716) | 1916 | Mar-14 | 3 - 32 yrs. | 212 |
| Syracuse | NY | Courtyard | - | 812 | 23,278 | 1,807 | 25,897 | (7,593) | 2013 | Oct-15 | 3 - 39 yrs. | 102 | |
| Syracuse | NY | Residence Inn | - | 621 | 17,589 | 1,428 | 19,638 | (5,991) | 2013 | Oct-15 | 3 - 39 yrs. | 78 | |
| Cleveland | OH | Courtyard | - | 3,212 | 30,118 | 245 | 33,575 | (3,131) | 2023 | Jun-23 | 3 - 39 yrs. | 154 | |
| Mason | OH | Hilton Garden Inn | - | 1,120 | 16,770 | 1,604 | 19,494 | (5,691) | 2010 | Sep-16 | 3 - 39 yrs. | 110 | |
| Twinsburg | OH | Hilton Garden Inn | - | 1,419 | 16,614 | 4,865 | 22,898 | (11,932) | 1999 | Oct-08 | 3 - 39 yrs. | 142 | |
| Subsequently | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Initial Cost · Capitalized | ||||||||||||
| Bldg./FF&E · Bldg.Imp. & · TotalGross · Acc. · Date of · Date · Depreciable · # ofGuest | ||||||||||||
| City | State | Description | Encumbrances | Land (1) | /Other | FF&E | Cost (2) | Deprec. | Construction | Acquired | Life | Rooms |
| Oklahoma City | OK | Hampton | - | 1,430 | 31,327 | 3,352 | 36,109 | (16,091) | 2009 | May-10 | 3 - 39 yrs. | 200 |
| Oklahoma City | OK | Hilton Garden Inn | - | 1,270 | 32,700 | 3,040 | 37,010 | (9,926) | 2014 | Sep-16 | 3 - 39 yrs. | 155 |
| Oklahoma City | OK | Homewood Suites | - | 760 | 20,056 | 1,694 | 22,510 | (6,154) | 2014 | Sep-16 | 3 - 39 yrs. | 100 |
| Oklahoma City (West) | OK | Homewood Suites | - | 1,280 | 13,340 | 870 | 15,490 | (5,023) | 2008 | Sep-16 | 3 - 39 yrs. | 90 |
| Portland | OR | Hampton | - | 10,813 | 64,433 | 330 | 75,576 | (8,051) | 2017 | Nov-21 | 3 - 39 yrs. | 243 |
| Collegeville/Philadelphia | PA | Courtyard | - | 2,115 | 17,953 | 5,402 | 25,470 | (11,517) | 2005 | Nov-10 | 3 - 39 yrs. | 132 |
| Malvern/Philadelphia | PA | Courtyard | - | 996 | 20,374 | 4,316 | 25,686 | (10,856) | 2007 | Nov-10 | 3 - 39 yrs. | 127 |
| Pittsburgh | PA | AC Hotel | - | 3,305 | 31,605 | 114 | 35,024 | (3,397) | 2018 | Oct-22 | 3 - 39 yrs. | 134 |
| Pittsburgh | PA | Hampton | - | 2,503 | 18,537 | 5,224 | 26,264 | (13,132) | 1991 | Dec-08 | 3 - 39 yrs. | 132 |
| Charleston | SC | Home2 Suites | - | 3,250 | 16,778 | 2,409 | 22,437 | (6,091) | 2011 | Sep-16 | 3 - 39 yrs. | 122 |
| Columbia | SC | Hilton Garden Inn | - | 3,540 | 16,399 | 3,199 | 23,138 | (7,850) | 2006 | Mar-14 | 3 - 39 yrs. | 143 |
| Columbia | SC | TownePlace Suites | - | 1,330 | 10,839 | 1,614 | 13,783 | (4,193) | 2009 | Sep-16 | 3 - 39 yrs. | 91 |
| Greenville | SC | Hyatt Place | - | 2,802 | 27,700 | 182 | 30,684 | (3,995) | 2018 | Sep-21 | 3 - 39 yrs. | 130 |
| Hilton Head | SC | Hilton Garden Inn | - | 3,600 | 11,386 | 4,445 | 19,431 | (6,346) | 2001 | Mar-14 | 3 - 39 yrs. | 104 |
| Franklin | TN | Courtyard | - | 2,510 | 31,341 | 1,061 | 34,912 | (9,325) | 2008 | Sep-16 | 3 - 39 yrs. | 126 |
| Franklin | TN | Residence Inn | - | 2,970 | 29,208 | 1,891 | 34,069 | (9,223) | 2009 | Sep-16 | 3 - 39 yrs. | 124 |
| Knoxville | TN | Homewood Suites | - | 2,160 | 14,704 | 2,834 | 19,698 | (5,662) | 2005 | Sep-16 | 3 - 39 yrs. | 103 |
| Knoxville | TN | SpringHill Suites | - | 1,840 | 12,441 | 2,000 | 16,281 | (4,659) | 2006 | Sep-16 | 3 - 39 yrs. | 103 |
| Memphis | TN | Hampton | - | 2,449 | 37,097 | 5,305 | 44,851 | (12,242) | 2000 | Feb-18 | 3 - 39 yrs. | 144 |
| Memphis | TN | Hilton Garden Inn | - | 4,501 | 33,688 | 214 | 38,403 | (4,718) | 2019 | Oct-21 | 3 - 39 yrs. | 150 |
| Nashville | TN | Hilton Garden Inn | - | 2,754 | 39,997 | 4,841 | 47,592 | (21,062) | 2009 | Sep-10 | 3 - 39 yrs. | 194 |
| Nashville | TN | Home2 Suites | - | 1,153 | 15,206 | 1,975 | 18,334 | (7,534) | 2012 | May-12 | 3 - 39 yrs. | 119 |
| Nashville | TN | Motto | - | 8,073 | 92,043 | - | 100,116 | (281) | 2025 | Dec-25 | 3 - 39 yrs. | 260 |
| Nashville | TN | TownePlace Suites | - | 7,390 | 13,929 | 1,549 | 22,868 | (5,020) | 2012 | Sep-16 | 3 - 39 yrs. | 101 |
| Addison | TX | SpringHill Suites | - | 1,210 | 19,700 | 3,688 | 24,598 | (10,070) | 2003 | Mar-14 | 3 - 39 yrs. | 159 |
| Arlington | TX | Hampton | - | 1,217 | 8,738 | 2,141 | 12,096 | (5,444) | 2007 | Dec-10 | 3 - 39 yrs. | 98 |
| Austin | TX | Courtyard | - | 1,579 | 18,487 | 2,600 | 22,666 | (9,827) | 2009 | Nov-10 | 3 - 39 yrs. | 145 |
| Austin | TX | Fairfield | - | 1,306 | 16,504 | 2,419 | 20,229 | (8,978) | 2009 | Nov-10 | 3 - 39 yrs. | 150 |
| Austin | TX | Hampton | - | 1,459 | 17,184 | 6,128 | 24,771 | (12,508) | 1996 | Apr-09 | 3 - 39 yrs. | 124 |
| Austin | TX | Homewood Suites | - | 1,898 | 16,462 | 6,813 | 25,173 | (12,782) | 1997 | Apr-09 | 3 - 39 yrs. | 97 |
| Austin/Round Rock | TX | Hampton | - | 865 | 10,999 | 4,843 | 16,707 | (8,777) | 2001 | Mar-09 | 3 - 39 yrs. | 94 |
| Austin/Round Rock | TX | Homewood Suites | - | 2,180 | 25,644 | 2,678 | 30,502 | (8,119) | 2010 | Sep-16 | 3 - 39 yrs. | 115 |
| Dallas | TX | Homewood Suites | - | 4,920 | 29,427 | 4,995 | 39,342 | (9,840) | 2013 | Sep-16 | 3 - 39 yrs. | 130 |
| Denton | TX | Homewood Suites | - | 990 | 14,895 | 716 | 16,601 | (5,307) | 2009 | Sep-16 | 3 - 39 yrs. | 107 |
| El Paso | TX | Homewood Suites | - | 2,800 | 16,657 | 2,450 | 21,907 | (7,582) | 2008 | Mar-14 | 3 - 39 yrs. | 114 |
| Fort Worth | TX | Courtyard | - | 2,313 | 15,825 | 391 | 18,529 | (5,114) | 2017 | Feb-17 | 3 - 39 yrs. | 124 |
| Fort Worth | TX | Hilton Garden Inn | - | 4,637 | 25,073 | 2,731 | 32,441 | (3,844) | 2012 | Nov-21 | 3 - 39 yrs. | 157 |
| Subsequently | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Initial Cost · Capitalized | ||||||||||||||
| Bldg./FF&E · Bldg.Imp. & · TotalGross · Acc. · Date of · Date · Depreciable · # ofGuest | ||||||||||||||
| City · State · Description · Encumbrances · Land (1) · /Other · FF&E · Cost (2) · Deprec. · Construction · Acquired · Life · Rooms | ||||||||||||||
| Fort Worth | TX | Homewood Suites | - | 3,309 | 18,397 | 754 | 22,460 | (2,503) | 2013 | Nov-21 | 3 - 39 yrs. | 112 | ||
| Fort Worth | TX | TownePlace Suites | - | 2,104 | 16,311 | 2,287 | 20,702 | (8,748) | 2010 | Jul-10 | 3 - 39 yrs. | 140 | ||
| Frisco | TX | Hilton Garden Inn | - | 2,507 | 12,981 | 1,932 | 17,420 | (8,018) | 2008 | Dec-08 | 3 - 39 yrs. | 102 | ||
| Grapevine | TX | Hilton Garden Inn | - | 1,522 | 15,543 | 2,363 | 19,428 | (8,718) | 2009 | Sep-10 | 3 - 39 yrs. | 110 | ||
| Houston | TX | Courtyard | - | 2,080 | 21,836 | 1,580 | 25,496 | (7,125) | 2012 | Sep-16 | 3 - 39 yrs. | 124 | ||
| Houston | TX | Residence Inn | - | 12,070 | 19,769 | 3,711 | 35,550 | (9,346) | 2006 | Mar-14 | 3 - 39 yrs. | 129 | ||
| Houston | TX | Residence Inn | - | 2,070 | 11,186 | 1,871 | 15,127 | (4,451) | 2012 | Sep-16 | 3 - 39 yrs. | 120 | ||
| Lewisville | TX | Hilton Garden Inn | - | 3,361 | 23,919 | 6,466 | 33,746 | (15,232) | 2007 | Oct-08 | 3 - 39 yrs. | 165 | ||
| San Antonio | TX | TownePlace Suites | - | 2,220 | 9,610 | 1,784 | 13,614 | (4,798) | 2007 | Mar-14 | 3 - 39 yrs. | 106 | ||
| Shenandoah | TX | Courtyard | - | 3,350 | 17,256 | 296 | 20,902 | (5,347) | 2014 | Sep-16 | 3 - 39 yrs. | 124 | ||
| Stafford | TX | Homewood Suites | - | 1,880 | 10,969 | 2,208 | 15,057 | (4,981) | 2006 | Mar-14 | 3 - 39 yrs. | 78 | ||
| Texarkana | TX | Hampton | - | 636 | 8,723 | 2,790 | 12,149 | (5,390) | 2004 | Jan-11 | 3 - 39 yrs. | 81 | ||
| Provo | UT | Residence Inn | - | 1,150 | 18,277 | 5,420 | 24,847 | (9,353) | 1996 | Mar-14 | 3 - 39 yrs. | 114 | ||
| Salt Lake City | UT | Courtyard | - | 2,635 | 45,851 | 186 | 48,672 | (2,986) | 2015 | Oct-23 | 3 - 39 yrs. | 175 | ||
| Salt Lake City | UT | Hyatt House | - | 4,312 | 39,534 | 210 | (5) | 44,056 | (3,188) | 2015 | Oct-23 | 3 - 39 yrs. | 159 | |
| Salt Lake City | UT | Residence Inn | - | 1,515 | 24,214 | 2,307 | 28,036 | (6,855) | 2014 | Oct-17 | 3 - 39 yrs. | 136 | ||
| Salt Lake City | UT | SpringHill Suites | - | 1,092 | 16,465 | 2,284 | 19,841 | (8,876) | 2009 | Nov-10 | 3 - 39 yrs. | 143 | ||
| South Jordan | UT | Embassy Suites | - | 1,533 | 35,490 | 73 | 37,096 | (2,336) | 2017 | Nov-23 | 3 - 39 yrs. | 192 | ||
| Alexandria | VA | Courtyard | - | 6,860 | 19,681 | 5,181 | 31,722 | (10,794) | 1987 | Mar-14 | 3 - 39 yrs. | 178 | ||
| Alexandria | VA | SpringHill Suites | - | 5,968 | - | 21,566 | 27,534 | (10,386) | 2011 | Mar-09 | 3 - 39 yrs. | 155 | ||
| Charlottesville | VA | Courtyard | - | 21,130 | 27,737 | 3,966 | 52,833 | (12,163) | 2000 | Mar-14 | 3 - 39 yrs. | 139 | ||
| Manassas | VA | Residence Inn | - | 1,395 | 14,962 | 3,985 | 20,342 | (8,692) | 2006 | Feb-11 | 3 - 39 yrs. | 107 | ||
| Richmond | VA | Courtyard | 13,174 | 2,003 | - | 25,209 | 27,212 | (8,759) | 2014 | Jul-12 | 3 - 39 yrs. | 135 | ||
| Richmond | VA | Marriott | - | - | 83,698 | 27,705 | 111,403 | (48,333) | 1984 | Mar-14 | 3 - 39 yrs. | 413 | ||
| Richmond | VA | Residence Inn | 13,174 | 1,113 | - | 13,885 | 14,998 | (4,742) | 2014 | Jul-12 | 3 - 39 yrs. | 75 | ||
| Suffolk | VA | Courtyard | - | 940 | 5,186 | 1,853 | 7,979 | (3,438) | 2007 | Mar-14 | 3 - 39 yrs. | 92 | ||
| Suffolk | VA | TownePlace Suites | - | 710 | 5,241 | 1,964 | 7,915 | (2,958) | 2007 | Mar-14 | 3 - 39 yrs. | 72 | ||
| Virginia Beach | VA | Courtyard | - | 10,580 | 29,140 | 7,485 | 47,205 | (13,592) | 1999 | Mar-14 | 3 - 39 yrs. | 141 | ||
| Virginia Beach | VA | Courtyard | - | 12,000 | 40,556 | 9,231 | 61,787 | (18,067) | 2002 | Mar-14 | 3 - 39 yrs. | 160 | ||
| Kirkland | WA | Courtyard | - | 18,950 | 25,028 | 2,946 | 46,924 | (10,906) | 2006 | Mar-14 | 3 - 39 yrs. | 150 | ||
| Renton | WA | Residence Inn | - | 6,746 | 49,185 | 137 | 56,068 | (3,638) | 2019 | Oct-23 | 3 - 39 yrs. | 146 | ||
| Seattle | WA | Residence Inn | - | 63,484 | 92,786 | 8,099 | 164,369 | (39,590) | 1991 | Mar-14 | 3 - 39 yrs. | 234 | ||
| Tukwila | WA | Homewood Suites | - | 8,130 | 16,659 | 5,497 | 30,286 | (10,443) | 1992 | Mar-14 | 3 - 39 yrs. | 106 | ||
| Madison | WI | Embassy Suites | - | 3,946 | 78,399 | 133 | 82,478 | (4,818) | 2024 | Jun-24 | 3 - 39 yrs. | 262 | ||
| Madison | WI | Hilton Garden Inn | - | 2,593 | 47,152 | 45 | 49,790 | (8,101) | 2021 | Feb-21 | 3 - 39 yrs. | 176 | ||
| Washington D.C. | - | AC Hotel | - | 15,681 | 104,953 | 313 | 120,947 | (6,188) | 2020 | Mar-24 | 3 - 39 yrs. | 234 | ||
| Richmond | VA | Corporate Office | - | 682 | 3,723 | 3,041 | 7,446 | (4,288) | 1893 | May-13 | 3 - 39 yrs. | N/A | ||
| $184,265 | $841,027 | $5,127,129 | $689,888 | $6,658,044 | $(1,951,096) | 29,583 | ||||||||
| Investment in Real Estate: | 2025 | 2024 | 2023 |
|---|---|---|---|
| Balance as of January 1 | $6,540,008 | $6,338,232 | $6,000,975 |
| Acquisitions | 119,158 | 203,074 | 293,802 |
| Improvements | 88,250 | 78,262 | 76,832 |
| Dispositions | (112,975) | (74,684) | (227) |
| Assets held for sale (4) | 29,327 | (1,821) | (27,506) |
| Impairment of depreciable real estate | (5,724) | (3,055) | (5,644) |
| Total gross cost as of December 31 | 6,658,044 | 6,540,008 | 6,338,232 |
| Finance ground lease assets as of December 31 | 102,084 | 102,084 | 102,084 |
| Total investment in real estate | $6,760,128 | $6,642,092 | $6,440,316 |
| Accumulated Depreciation and Amortization: | 2025 | 2024 | 2023 |
|---|---|---|---|
| Accumulated depreciation as of January 1 | $(1,803,214) | $(1,647,850) | $(1,480,043) |
| Depreciation expense | (189,589) | (187,555) | (180,185) |
| Accumulated depreciation on dispositions | 54,019 | 32,102 | 155 |
| Assets held for sale (4) | (12,312) | 89 | 12,223 |
| Accumulated depreciation as of December 31 | (1,951,096) | (1,803,214) | (1,647,850) |
| Accumulated amortization of finance leases as of December 31 | (21,168) | (18,130) | (15,092) |
| Accumulated depreciation and amortization as of December 31 | $(1,972,264) | $(1,821,344) | $(1,662,942) |
(1)
Land is owned fee simple unless cost is $0, which means the property is subject to a ground lease.
(2)
The aggregate cost for U.S. federal income tax purposes is approximately $6.3 billion at December 31, 2025 (unaudited).
(3)
Amount includes a reduction in cost due to recognition of an impairment loss.
(4)
As of December 31, 2025, the Company had no hotels classified as held for sale.
(5)
As part of the acquisition of the Courtyard and Hyatt House hotels in Salt Lake City, Utah, a corresponding free-standing parking garage that serves both hotels and the surrounding area was also acquired. All costs for the parking garage are presented with the Salt Lake City Hyatt House.
(6)
On April 4, 2025, the Company recovered possession of this property and reinstated operations. As of December 31, 2025, the property was included in the Company’s guest room counts.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.