Apple Hospitality REIT, Inc. Common Shares (APLE)

Competitors to Apple Hospitality REIT, Inc. Common Shares (APLE)

Chatham Lodging Trust 

Chatham Lodging Trust competes closely with Apple Hospitality by also focusing on owning upscale and premium-branded hotels. Both companies target a mix that includes select-service and extended-stay properties. The competition chiefly revolves around market share in the segments they serve and the ability to attract tenants at competitive rates. Chatham has strategically aligned its portfolio to include both hotel types as well, similar to Apple, which may level the competitive landscape. However, competitive analysis regarding management efficiency and revenue per available room (RevPAR) indicates Apple Hospitality holds a slight edge in brand recognition and customer loyalty in the select-service market.

Host Hotels & Resorts, Inc.

Host Hotels & Resorts is one of the largest hotel REITs in the United States, and it competes with Apple Hospitality REIT by owning larger portfolios of high-quality hotels that cater to business and luxury travelers. Host deploys a strategy that focuses on high-demand urban and resort markets and has the advantage of scale, allowing for better negotiation terms with suppliers and service providers as well as a greater breadth in operational efficiencies. Despite this competitive edge, Apple Hospitality specializes in a more diversified, focused approach to moderate and upscale hotels which might benefit from a broader audience in certain geographic regions.

Piedmont Office Realty Trust, Inc. 

While Piedmont primarily focuses on office real estate rather than hotels, it indirectly competes with Apple Hospitality REIT by influencing the corporate travel dynamics in metropolitan areas. Companies continue to seek lodging options based on their office locations, particularly for business travel. Piedmont's strategic property placements may affect the demand for hotels in its surrounding areas, thus impacting Apple Hospitality's operations. However, since they operate in different niches within the REIT sector, the competition is more indirect. Apple Hospitality's specialization in the lodging market gives it a distinct advantage in understanding hospitality trends directly influencing traveler behavior.

Sunstone Hotel Investors, Inc. 

Sunstone Hotel Investors, Inc. operates in a similar segment of the real estate investment trust (REIT) industry, focusing on acquiring high-end hotels in premium locations. Both Apple Hospitality REIT and Sunstone prioritize quality assets, which puts them in direct competition for attractive acquisitions and market positioning. However, Sunstone tends to focus on luxury and high-end properties, while Apple Hospitality REIT may have a more diversified portfolio aimed at moderate and upscale hotels, thereby catering to slightly different market segments. Sunstone's emphasis on premium properties gives it a competitive edge in luxury segments, while Apple enjoys a broader appeal across multiple tiers of the lodging market.