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CEO AND DIRECTOR, APPLE HOSPITALITY REIT, RICHMOND
CEO AND DIRECTOR, APPLE HOSPITALITY REIT, RICHMOND
Virginia Business// August 29, 2024//
As CEO of Apple Hospitality, a publicly traded real estate investment trust, Knight oversees more than 220 hotels, mainly Hilton and Marriott brands, in 37 states and Washington, D.C. He joined the company in 2000 and took over from his father, founder Glade Knight, in 2014. The elder Knight serves as executive chairman of the REIT.
For 2023, Apple Hospitality reported $1.34 billion in revenue, up from about $1.24 billion in 2022. As of Dec. 31, 2023, the company had $4.9 billion in assets.
In March, Apple Hospitality announced it had acquired the AC Hotel by Marriott Washington DC Convention Center for $116.8 million, and in June, the Embassy Suites by Hilton Madison Downtown in Wisconsin for $79.5 million. The company also announced in June it had sold the 82-room SpringHill Suites by Marriott Greensboro in North Carolina for about $7 million.
Knight earned his bachelor’s degree and MBA from Brigham Young University. He is a member of the board of trustees for Venture Richmond.
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