$APLE
Apple Hospitality REIT, Inc.

2020 Form 10-K Financial Statement

#000156459021007573 Filed on February 23, 2021

View on sec.gov

Income Statement

Concept 2020 2019 Q4 2019
Revenue $601.9M $290.0M $1.267B
YoY Change -52.48% -1.8% -0.31%
Cost Of Revenue $402.3M $137.0M $724.4M
YoY Change -44.47% -1.72% 1.18%
Gross Profit $199.6M $153.0M $542.2M
YoY Change -63.19% -1.86% -2.24%
Gross Profit Margin 33.16% 52.76% 42.81%
Selling, General & Admin $224.0M $66.90M $272.0M
YoY Change -17.65% 7.73% 9.37%
% of Gross Profit 112.22% 43.73% 50.17%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $199.8M $49.30M $193.2M
YoY Change 3.42% 5.57% 5.29%
% of Gross Profit 100.1% 32.22% 35.63%
Operating Expenses $423.8M $116.3M $465.2M
YoY Change -8.9% 6.89% 7.64%
Operating Profit -$102.0M $36.70M $233.8M
YoY Change -143.65% -22.08% -9.33%
Interest Expense -$70.80M -$15.10M -$61.20M
YoY Change 15.69% 17.05% 19.53%
% of Operating Profit -41.14% -26.18%
Other Income/Expense, Net
YoY Change
Pretax Income -$172.9M $25.60M $172.6M
YoY Change -200.16% -25.36% -16.49%
Income Tax $332.0K $200.0K $679.0K
% Of Pretax Income 0.78% 0.39%
Net Earnings -$173.2M $25.45M $171.9M
YoY Change -200.75% -25.58% -16.58%
Net Earnings / Revenue -28.78% 8.78% 13.57%
Basic Earnings Per Share -$0.77
Diluted Earnings Per Share -$774.9K $113.9K $767.8K
COMMON SHARES
Basic Shares Outstanding 223.5M
Diluted Shares Outstanding 223.5M

Balance Sheet

Concept 2020 2019 Q4 2019
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.600M
YoY Change
Cash & Equivalents $5.600M $0.00
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $22.10M $26.90M $26.90M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $27.70M $26.90M $26.90M
YoY Change 2.97% -7.56% -7.56%
LONG-TERM ASSETS
Property, Plant & Equipment $4.760B $4.854B $4.854B
YoY Change -1.93% 0.78% 0.78%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $34.10M $46.80M $46.80M
YoY Change -27.14% 39.29% 39.29%
Total Long-Term Assets $4.802B $4.916B $4.916B
YoY Change -2.31% 0.32% 0.32%
TOTAL ASSETS
Total Short-Term Assets $27.70M $26.90M $26.90M
Total Long-Term Assets $4.802B $4.916B $4.916B
Total Assets $4.830B $4.942B $4.942B
YoY Change -2.28% 0.28% 0.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $86.20M $102.2M $102.2M
YoY Change -15.66% -4.84% -4.84%
Accrued Expenses $11.60M $12.10M $12.10M
YoY Change -4.13%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $97.80M $114.3M $114.3M
YoY Change -14.44% 6.42% 6.42%
LONG-TERM LIABILITIES
Long-Term Debt $1.703B $1.537B $1.537B
YoY Change 10.77% 8.84% 8.84%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $1.703B $1.537B $1.537B
YoY Change 10.77% 8.84% 8.84%
TOTAL LIABILITIES
Total Short-Term Liabilities $97.80M $114.3M $114.3M
Total Long-Term Liabilities $1.703B $1.537B $1.537B
Total Liabilities $1.800B $1.651B $1.651B
YoY Change 9.02% 8.67% 8.67%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $4.494B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.029B $3.291B $3.291B
YoY Change
Total Liabilities & Shareholders Equity $4.830B $4.942B $4.942B
YoY Change -2.28% 0.28% 0.28%

Cashflow Statement

Concept 2020 2019 Q4 2019
OPERATING ACTIVITIES
Net Income -$173.2M $25.45M $171.9M
YoY Change -200.75% -25.58% -16.58%
Depreciation, Depletion And Amortization $199.8M $49.30M $193.2M
YoY Change 3.42% 5.57% 5.29%
Cash From Operating Activities $26.73M $90.20M $381.7M
YoY Change -93.0% -16.4% -5.72%
INVESTING ACTIVITIES
Capital Expenditures -$48.60M -$23.30M -$74.90M
YoY Change -35.11% 7.87% 0.81%
Acquisitions
YoY Change
Other Investing Activities -$33.70M $19.50M $60.60M
YoY Change -155.61% -295.0% -144.59%
Cash From Investing Activities -$82.26M -$3.800M -$14.32M
YoY Change 474.29% -87.97% -93.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $14.34M $4.335M
YoY Change 230.7% -95.84%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 55.24M -87.00M -366.3M
YoY Change -115.08% 12.69% 91.98%
NET CHANGE
Cash From Operating Activities 26.73M 90.20M 381.7M
Cash From Investing Activities -82.26M -3.800M -14.32M
Cash From Financing Activities 55.24M -87.00M -366.3M
Net Change In Cash -293.0K -600.0K 1.029M
YoY Change -128.47% -33.33% -73.21%
FREE CASH FLOW
Cash From Operating Activities $26.73M $90.20M $381.7M
Capital Expenditures -$48.60M -$23.30M -$74.90M
Free Cash Flow $75.33M $113.5M $456.6M
YoY Change -83.5% -12.36% -4.7%

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CY2018 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
74293000
CY2019 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
121225000
CY2018 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
15416000
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-82261000
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-14324000
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-210160000
CY2020 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
-377000
CY2018 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
4677000
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
14336000
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
4335000
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
104304000
CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2532000
CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
577000
CY2018 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1525000
CY2020 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
67378000
CY2019 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
268672000
CY2018 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
275892000
CY2020 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
54900000
CY2019 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-217900000
CY2018 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
268800000
CY2018 aple Net Payments On Extinguished Revolving Credit Facility
NetPaymentsOnExtinguishedRevolvingCreditFacility
106900000
CY2020 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
50000000
CY2019 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
160000000
CY2018 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
575000000
CY2018 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
575000000
CY2020 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
81520000
CY2018 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
44000000
CY2020 us-gaap Repayments Of Debt
RepaymentsOfDebt
44268000
CY2019 us-gaap Repayments Of Debt
RepaymentsOfDebt
33806000
CY2018 us-gaap Repayments Of Debt
RepaymentsOfDebt
12663000
CY2020 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
2289000
CY2019 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1031000
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-190811000
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-293000
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1029000
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3841000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
34661000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
33632000
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
29791000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
34368000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
34661000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
33632000
CY2020 us-gaap Interest Paid
InterestPaid
63531000
CY2019 us-gaap Interest Paid
InterestPaid
59877000
CY2018 us-gaap Interest Paid
InterestPaid
50312000
CY2018 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
7004000
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
55240000
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-366321000
CY2020 us-gaap Income Taxes Paid
IncomeTaxesPaid
980000
CY2019 us-gaap Income Taxes Paid
IncomeTaxesPaid
790000
CY2018 us-gaap Income Taxes Paid
IncomeTaxesPaid
887000
CY2020 us-gaap Business Combination Consideration Transferred Liabilities Incurred
BusinessCombinationConsiderationTransferredLiabilitiesIncurred
20551000
CY2019Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
22386000
CY2018Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
22400000
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
34661000
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
33632000
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
29791000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
34661000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
33632000
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
29791000
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5556000
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
28812000
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
34661000
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
33632000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
34368000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
34661000
CY2020 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2020Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
234
CY2019Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
5880167000
CY2020Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1235698000
CY2020 aple Number Of Hotels With Intentionally Consolidated Operations
NumberOfHotelsWithIntentionallyConsolidatedOperations
5
CY2020Q2 aple Number Of Hotels With Intentionally Consolidated Operations
NumberOfHotelsWithIntentionallyConsolidatedOperations
38
CY2020 us-gaap Property Plant And Equipment Cost Capitalization
PropertyPlantAndEquipmentCostCapitalization
The Company considers expenditures to be capital in nature based on the following criteria: (1) for a single asset, the cost must be at least $500, including all normal and necessary costs to place the asset in service, and the useful life must be at least one year; (2) for group purchases of 10 or more identical assets, the unit cost for each asset must be at least $50, including all normal and necessary costs to place the asset in service, and the useful life must be at least one year; and (3) for major repairs to a single asset, the repair must be at least $2,500 and the useful life of the asset must be substantially extended.
CY2020 aple Hotel Property Initial Hold Period
HotelPropertyInitialHoldPeriod
P39Y
CY2020 aple Number Of Real Estate Properties Held For Sale
NumberOfRealEstatePropertiesHeldForSale
1
CY2019 aple Number Of Real Estate Properties Held For Sale
NumberOfRealEstatePropertiesHeldForSale
1
CY2019 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
6500000
CY2018 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
3100000
CY2020Q4 us-gaap Line Of Credit
LineOfCredit
105800000
CY2019Q4 us-gaap Line Of Credit
LineOfCredit
50900000
CY2020Q4 us-gaap Unsecured Debt
UnsecuredDebt
864225000
CY2019Q4 us-gaap Unsecured Debt
UnsecuredDebt
813934000
CY2020Q4 us-gaap Secured Debt
SecuredDebt
512546000
CY2019Q4 us-gaap Secured Debt
SecuredDebt
455573000
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
1482571000
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
1320407000
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-bottom:0pt;margin-top:10pt;margin-left:2.43%;text-indent:0%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="margin-bottom:0pt;margin-top:10pt;text-indent:4.86%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of the financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates.</p>
CY2020Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
5968594000
CY2019Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1054429000
CY2020Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
4732896000
CY2019Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
4825738000
CY2020Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
234
CY2020Q4 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
29937
CY2020Q4 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
34
CY2020 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
5100000
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
70724000
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
215631000
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
296213000
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
338597000
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
245140000
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
322265000
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1488570000
CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
-1624000
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
7623000
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
1482571000
CY2020Q4 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
1287219000
CY2020Q4 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.86
CY2019Q4 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
1297467000
CY2019Q4 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.98
CY2020Q4 us-gaap Longterm Debt Percentage Bearing Variable Interest Amount
LongtermDebtPercentageBearingVariableInterestAmount
201351000
CY2020Q4 us-gaap Long Term Debt Percentage Bearing Variable Interest Rate
LongTermDebtPercentageBearingVariableInterestRate
0.14
CY2019Q4 us-gaap Longterm Debt Percentage Bearing Variable Interest Amount
LongtermDebtPercentageBearingVariableInterestAmount
28400000
CY2019Q4 us-gaap Long Term Debt Percentage Bearing Variable Interest Rate
LongTermDebtPercentageBearingVariableInterestRate
0.02
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1488570000
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1325867000
CY2020Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0386
CY2019Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0359
CY2020Q4 us-gaap Secured Debt
SecuredDebt
512546000
CY2019Q4 us-gaap Secured Debt
SecuredDebt
455573000
CY2020 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-900000
CY2019 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-900000
CY2018 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-900000
CY2020 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3800000
CY2019 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2800000
CY2018 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2800000
CY2020 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
900000
CY2019 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1300000
CY2018 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1000000.0
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
1500000000
CY2020Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
1500000000
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
1300000000
CY2019Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
1300000000
CY2020Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
1142500000
CY2020Q4 us-gaap Interest Rate Derivatives At Fair Value Net
InterestRateDerivativesAtFairValueNet
-42802000
CY2019Q4 us-gaap Interest Rate Derivatives At Fair Value Net
InterestRateDerivativesAtFairValueNet
-4698000
CY2020Q4 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
-11200000
CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-45850000
CY2019 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-11035000
CY2018 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
2608000
CY2020 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
-7746000
CY2019 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
3669000
CY2018 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
2380000
CY2019 aple Annual Distribution Rate
AnnualDistributionRate
1.20
CY2020 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.30
CY2019 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.20
CY2018 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.20
CY2020 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
67400000
CY2019 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
268700000
CY2018 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
275900000
CY2020Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
22400000
CY2020Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
345000000
CY2020 aple Share Repurchase Program End Period
ShareRepurchaseProgramEndPeriod
2021-07
CY2020 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
1500000
CY2019 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
300000
CY2018 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
6600000
CY2020 aple Stock Repurchased During Period Weighted Average Market Purchase Price Per Share
StockRepurchasedDuringPeriodWeightedAverageMarketPurchasePricePerShare
9.42
CY2019 aple Stock Repurchased During Period Weighted Average Market Purchase Price Per Share
StockRepurchasedDuringPeriodWeightedAverageMarketPurchasePricePerShare
14.92
CY2018 aple Stock Repurchased During Period Weighted Average Market Purchase Price Per Share
StockRepurchasedDuringPeriodWeightedAverageMarketPurchasePricePerShare
15.87
CY2020 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
14300000
CY2019 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
4300000
CY2018 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
104300000
CY2020Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2019Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2020Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2019Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2020Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
30000000
CY2019Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
30000000
CY2020Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
234
CY2020 aple Number Of Hotels Operated By Manager
NumberOfHotelsOperatedByManager
234
CY2020 aple Percentage Of Real Estate Properties Operate Under Variable Management Fee Agreement
PercentageOfRealEstatePropertiesOperateUnderVariableManagementFeeAgreement
0.80
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
27250000
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
28311000
CY2020Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
192751000
CY2019Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
193184000
CY2020Q4 aple Lease Right Of Use Asset
LeaseRightOfUseAsset
220001000
CY2019Q4 aple Lease Right Of Use Asset
LeaseRightOfUseAsset
221495000
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
11642000
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
12130000
CY2020Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
219981000
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
216627000
CY2020Q4 aple Lease Liability
LeaseLiability
231623000
CY2019Q4 aple Lease Liability
LeaseLiability
228757000
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P38Y
CY2020Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P30Y
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0547
CY2020Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0526
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
1509000
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
1658000
CY2020 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
6433000
CY2019 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
4517000
CY2020 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
11402000
CY2019 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
8241000
CY2020 us-gaap Lease Cost
LeaseCost
19344000
CY2019 us-gaap Lease Cost
LeaseCost
14416000
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
1295000
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
1344000
CY2020 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
8048000
CY2019 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
6989000
CY2020Q4 srt Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
5400000000
CY2018Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
5726303000
CY2017Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
5524443000
CY2020 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
104496000
CY2019 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
59652000
CY2018 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
153034000
CY2020 us-gaap Real Estate Improvements
RealEstateImprovements
37579000
CY2019 us-gaap Real Estate Improvements
RealEstateImprovements
78679000
CY2018 us-gaap Real Estate Improvements
RealEstateImprovements
71058000
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
238010000
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
81078000
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
148826000
CY2020Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
133965000
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-2769000
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-78243000
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-40948000
CY2020Q4 us-gaap Net Income Loss
NetIncomeLoss
-51247000
CY2020Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-44935000
CY2020Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-82438000
CY2020Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-38209000
CY2020Q4 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-45729000
CY2020Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.01
CY2020Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.35
CY2020Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.18
CY2020Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.23
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
303787000
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
341117000
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
331722000
CY2019Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
289971000
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
38151000
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
62090000
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
46223000
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
25453000
CY2019Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
32107000
CY2019Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
51970000
CY2019Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
42030000
CY2019Q4 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
31106000
CY2019Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.17
CY2019Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.28
CY2019Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.21
CY2019Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.11
CY2019Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
5682550000
CY2020 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
57417000
CY2019 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
159685000
CY2018 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
19097000
CY2020 aple Real Estate Changesin Assets Heldfor Sale
RealEstateChangesinAssetsHeldforSale
2866000
CY2019 aple Real Estate Changesin Assets Heldfor Sale
RealEstateChangesinAssetsHeldforSale
-15932000
CY2020 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
5097000
CY2019 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
6467000
CY2018 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
3135000
CY2020Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
5764977000
CY2019Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
5682550000
CY2018Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
5726303000
CY2020Q4 aple Finance Lease Right Of Use Asset Gross
FinanceLeaseRightOfUseAssetGross
203617000
CY2019Q4 aple Finance Lease Right Of Use Asset Gross
FinanceLeaseRightOfUseAssetGross
197617000
CY2020Q4 aple Real Estate Gross At Carrying Value Including Finance Lease Right Of Use Asset
RealEstateGrossAtCarryingValueIncludingFinanceLeaseRightOfUseAsset
5968594000
CY2019Q4 aple Real Estate Gross At Carrying Value Including Finance Lease Right Of Use Asset
RealEstateGrossAtCarryingValueIncludingFinanceLeaseRightOfUseAsset
5880167000
CY2018Q4 aple Real Estate Gross At Carrying Value Including Finance Lease Right Of Use Asset
RealEstateGrossAtCarryingValueIncludingFinanceLeaseRightOfUseAsset
5726303000
CY2019Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
1049996000
CY2018Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
909893000
CY2017Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
731284000
CY2020 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
192346000
CY2019 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
187729000
CY2018 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
182527000
CY2020 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
13599000
CY2019 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
43787000
CY2018 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
3918000
CY2020 aple Real Estate Accumulated Depreciation Changesin Assets Heldfor Sale
RealEstateAccumulatedDepreciationChangesinAssetsHeldforSale
3911000
CY2019 aple Real Estate Accumulated Depreciation Changesin Assets Heldfor Sale
RealEstateAccumulatedDepreciationChangesinAssetsHeldforSale
3839000
CY2020Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
1224832000
CY2019Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
1049996000
CY2018Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
909893000
CY2020Q4 aple Accumulated Amortization Finance Lease Right Of Use Asset
AccumulatedAmortizationFinanceLeaseRightOfUseAsset
10866000
CY2019Q4 aple Accumulated Amortization Finance Lease Right Of Use Asset
AccumulatedAmortizationFinanceLeaseRightOfUseAsset
4433000
CY2020Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1235698000
CY2019Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1054429000
CY2018Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
909893000
CY2020 aple Land Ownership Description
LandOwnershipDescription
Land is owned fee simple unless cost is $0, which means the property is subject to a ground lease.

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