Apple Hospitality REIT, Inc. announced that, as announced in March 2019, Kristian Gathright (currently the Company's Executive Vice President and Chief Operating Officer) and Bryan Peery (currently the Company's Executive Vice President and Chief Financial Officer) are retiring from their current officer roles with the Company. Their retirement will be effective on March 31, 2020. Upon her retirement, Mrs. Gathright will cease to be an employee but will remain a member of the Company's Board of Directors (the “Board”).

Mr. Peery has agreed to remain employed in an advisory role to support the transition of responsibilities. Effective March 31, 2020, Mrs. Gathright and Mr. Peery will retire as Executive Vice President and Chief Operating Officer and Executive Vice President and Chief Financial Officer of the Company, respectively, as well as from all of the officer positions they hold with the Company and its subsidiaries and affiliates. In conjunction with the retirements described above, on March 4, 2020, the Company's Board of Directors made the following officer appointments effective April 1, 2020 as part of a reallocation of responsibilities.

Each of the appointed officers has previous experience with the Company, including Nelson Knight whose title and role will change from Executive Vice President and Chief Investment Officer to President, Real Estate and Investments. The Board approved a change to the title, but not the roles and responsibilities, of the Company's current President and Chief Executive Officer, Justin Knight. Effective April 1, 2020, Mr. Justin Knight's title will be Chief Executive Officer.