As compared to the midpoint of previously provided 2024 guidance, the Company is decreasing Net Income by $1 million, decreasing Comparable Hotels RevPAR Change by 12.5 bps, increasing Comparable Hotels Adjusted Hotel EBITDA Margin % by 20 bps, and decreasing Adjusted EBITDAre by $1.5 million.
Apple Hospitality REIT Now Sees FY24 Net Income Of $204M - $221M, Comparable Hotels RevPAR Change Of 0.75% - 2.00%
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