Investor Presentation

INVESTOR

PRESENTATION

M A Y 2 0 2 6 • N Y S E : A P L E

F O R WA R D - L O O K I N G S TAT E M E N T S

Certain statements made in this presentation are forward-looking statements. These forward-looking statements include statements regarding our intent, belief or current expectations and are based on various assumptions. These statements involve substantial risks and uncertainties. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements that we make. Forward-looking statements may include, but are not limited to, statements regarding net asset value and potential trading prices. Words such as "anticipates," "believes," "expects," "estimates," "projects," "plans," "intends," "may," "will," "would," "outlook," "strategy," "targets," and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results or outcomes may differ materially from those contemplated by the forward-looking statement. Further, forward-looking statements speak only as of the date they are made, and we undertake no obligation to update or revise any forward-looking statement to reflect changed assumptions or the occurrence of unanticipated events or changes to future operating results, unless required to do so by law. Such factors include, but are not limited to, the ability of Apple Hospitality REIT, Inc. (the "Company," "Apple Hospitality," "Apple" or "APLE") to effectively acquire and dispose of properties and redeploy proceeds; the anticipated timing and frequency of shareholder distributions; the ability of the Company to fund capital obligations; the ability of the Company to successfully integrate pending transactions and implement its operating strategy; changes in general political, economic and competitive conditions and specific market conditions (including the potential effects of tariffs, inflation or a recessionary environment); reduced business and leisure travel due to geopolitical uncertainty, including terrorism and acts of war; travel-related health concerns, including widespread outbreaks of infectious or contagious diseases in the U.S.; inclement weather conditions, including natural disasters such as hurricanes, earthquakes and wildfires; government shutdowns, airline strikes or equipment failures or other disruptions; adverse changes in the real estate and real estate capital markets; financing risks; changes in interest rates; litigation risks; regulatory proceedings or inquiries; changes in laws or regulations or interpretations of current laws and regulations that impact the Company's business, assets or classification as a real estate investment trust; or other risks detailed in filings made by Apple Hospitality with the Securities and Exchange Commission ("SEC"). Although the Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore there can be no assurance that such statements included in this presentation will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the results or conditions described in such statements or the objectives and plans of the Company will be achieved.

COURTYARD AND FAIRFIELD INN & SUITES PHOENIX CHANDLER/FASHION CENTER

Cover photo: Courtyard Cypress Anaheim/Orange County 2

Apple Hospitality is a publicly traded real estate investment trust that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States.

Note: Hotel portfolio statistics as of May 4, 2026. Market categorization based on STR designation.

1. Average Effective Age represents years since hotels were built or last renovated. Average actual age of hotels is 18 years. The Tripadvisor® rating is based on lifetime scores for the Apple Hospitality portfolio of hotels through March 31, 2026.

2. Net Total Debt to Total Capitalization calculation based on (as of March 31, 2026) total debt outstanding, net of cash and cash equivalents ("net total debt outstanding"), divided by net total debt outstanding plus equity market capitalization based on the

   Company's closing share price of $11.51 and outstanding common shares. Based on hotels owned as of March 31, 2026.

   3

   C O M PA N Y P R O F I L E A N D P R O V E N I N V E S T M E N T S T R AT E G Y

   
   
   

   $1.4 Billion I N R E V E N U E Full Year 2025	$1.55 2 0 2 5 M F F O P E R S H A R E (1) $0.74 Net Income Per Share	$240.4 Million D I S T R I B U T I O N S P A I D In 2025
   +12.7 ppts TSR Outperformance vs. Dow Jones U.S. Real Estate Hotels Index for the 2021-2025 Period	7.1% A N N U A L Y I E L D (2) $0.96 Per Share	+20.5 ppts TSR Outperformance vs. Nareit Lodging/Resorts Index for the 2021-2025 Period
   EXCHANGE: TICKER		NYSE: APLE
   DIVIDEND YIELD at 4/30/2026		7.1% annual yield, annual rate of $0.96 per share, paid monthly
   AVERAGE TRADING VOLUME TTM 4/30/2026		3.0 Million shares per day
   EQUITY MARKET CAP at 3/31/2026		$2.7 Billion
   NET DEBT at 3/31/2026		$1.6 Billion, 37% net total debt outstanding to total capitalization
   TOTAL ENTERPRISE VALUE at 3/31/2026		$4.3 Billion
   COMPARABLE HOTELS REVENUE(1) TTM 3/31/2026		$1.4 Billion
   COMPARABLE HOTELS ADJUSTED HOTEL EBITDA MARGIN(1) TTM 3/31/2026		33.9%
   2026 ESTIMATED CAPEX		$80 Million to $90 Million
   EXECUTIVE TARGET COMPENSATION STRUCTURE		76% executive target compensation incentive based

   1. See following pages for reconciliation to actual revenue and net income.

   2. Annualized distribution of $0.96 per common share represents an annual yield of approximately 7.1%, based on April 30, 2026, closing price of $13.47.

      Note: Statistics above compare the Company's performance with the performance of specific industry indices using total shareholder return ("TSR"). Net Total Debt to Total Capitalization calculation based on (as of March 31, 2026) total debt outstanding, net of cash and cash equivalents

      ("net total debt outstanding"), divided by net total debt outstanding plus equity market capitalization based on the Company's closing share price of $11.51 and outstanding common shares. 4

      C O M PA N Y O V E R V I E W

      
      
      

      M A N A G E M E N T T E A M W I T H D E E P I N D U S T R Y

      E X P E R I E N C E O V E R M U LT I P L E H O T E L C Y C L E S

      • Average executive tenure with the Apple REIT Companies is 19 years

      • Established and operated 8 public hospitality REITs

      • Raised and invested approximately $7.4 billion of equity in hotel assets

      • Purchased 458 hotels

      • Purchased as many as 74 hotels in a single year through individual hotel and small portfolio transactions

      • Managed $1.3 billion in CapEx and renovation spending

      • Sold 4 REITs in 3 transactions totaling $2.7 billion

      • Merged 3 REITs and listed Company on NYSE

      • Completed $1.3 billion Apple REIT Ten merger

      • Representation on over 30 brand and industry advisory

boards and councils

MOTTO NASHVILLE DOWNTOWN

MISSION

We are a leading real estate investment company committed to increasing shareholder value through the distribution of attractive dividends and long-term capital appreciation.

VALUES

Hospitality - We are thoughtful in our interactions with others and know that strong, caring relationships are the core of our industry.

Resolve - We are passionate about the work we do and are steadfast in our commitment to our shareholders.

Excellence - We are driven to succeed and improve through innovation and perseverance.

Integrity - We are trustworthy and accountable.

Teamwork - We support and empower one another, embracing diversity of opinion and background. 5

P R O V E N I N V E S T M E N T S T R AT E G Y

• Concentrate on Upscale, rooms-focused hotels

• Align with the best brands in the rooms-focused category

• Efficient operating model yields higher margins

• Resilient group business

• Scale ownership minimizes relative G&A load and provides fixed cost efficiencies

• Unparalleled access to data and operational expertise

• Invested in Hilton®, Marriott® and Hyatt® branded hotels with broad consumer appeal which benefit from strong reservation systems and loyalty programs

  • Hire industry-leading operators and maximize performance through benchmarking and

    asset management

• Strong regional and national operators with unique management structure align owner and operator to maximize performance in all market environments

• Analytical, data-driven asset management benchmarks and shares best practices to maximize property-level results

• Strategic revenue management optimizes mix of business and maximizes bottom-line performance

  • Pursue broad geographic

    diversification

• Broad geographic diversification reduces portfolio volatility and provides exposure to a wide variety of demand generators

  • Enhance portfolio through accretive acquisitions, opportunistic dispositions and strategic reinvestment

• Well-maintained portfolio with average effective age of 5 years ensures competitiveness

• Strategic acquisitions and dispositions optimize portfolio for longterm growth

• Prudent capital allocation preserves balance sheet capacity for investments at optimal point in cycle

  • Maintain a strong, flexible

    balance sheet

• Strong balance sheet provides security through cycles

• Positioned to pursue accretive opportunities

• Conservative capital structure with staggered maturities lowers 6

capital costs and preserves equity value COURTYARD AND RESIDENCE INN RICHMOND DOWNTOWN

Q1 2026 KEY TAKEAWAYS

OPERATING PERFORMANCE EXCEEDED EXPECTATIONS

• Comparable Hotels RevPAR +2.2%

• Same Store Hotels RevPAR +2.8%

• Same Store Hotels Adjusted Hotel EBITDA +4.2% with 30 bps margin expansion

• Preliminary Comparable Hotels RevPAR growth of more than 4% for the month of April 2026

  CONTINUED CAPITAL ALLOCATION DISCIPLINE

• Sold Hampton Inn & Suites Rochester-North for approximately $9 million in April 2026

• Reinvested approximately $27.5 million in Capital Improvements

  MONTHLY DIVIDEND BOOSTS TOTAL SHAREHOLDER RETURNS

• $57 million in first quarter distributions, $0.24 per common share

• Monthly dividend of $0.08 per common share

• Annualized yield of 7.1% based on April 30th closing price of $13.47

  MAINTAINED STRONG, FLEXIBLE BALANCE SHEET

• Approximately 37% net debt to total capitalization at quarter end

• Approximately $559 million available on revolving credit facility

• 207 unencumbered assets

• 3.4x net debt to EBITDA

  ATTRACTIVE SUPPLY OUTLOOK

• 57% of hotels have no new supply under construction within a five-mile radius

Note: Unless otherwise stated, all changes in performance metrics refer to year-over-year changes for the comparable period. 7

Reconciliation of net income to non-GAAP financial measures included in following pages.

MOTTO NASHVILLE DOWNTOWN

Y E A R - O V E R - Y E A R P E R F O R M A N C E

First Quarter 2026 Performance at a Glance

($ in thousands except statistical data and per share amounts)

COURTYARD AND RESIDENCE INN RICHMOND

DOWNTOWN

Note: Comparable Hotels is defined as the 216 hotels owned and held for use by the Company as of March 31, 2026. For hotels acquired during the periods noted, the Company has included, as applicable, results of those hotels for periods prior to the Company's ownership, and for dispositions and assets held for sale, results have been excluded for the Company's period of ownership. Results for periods prior to the Company's ownership have not been included in the Company's actual Consolidated Financial Statements and are included only for comparison purposes. Results included for periods prior to the Company's ownership are based on information from the prior owner of each hotel and have not been audited or adjusted. Reconciliation of net income to non-GAAP financial measures is included in the following pages.

8

E F F I C I E N T O P E R AT I O N S

Rooms-focused operating model produces strong margins

35% 34% 33%

29% 28% 28% 27%

26% 26% 26%

24%

$143

$118

$122

$229

$207

$132

$143

$185

$182

$225

$213

CLDT APLE (1)

INN HST DRH AHT RLJ PK XHR SHO PEB

RevPAR

Upscale/Rooms-Focused

Upper Upscale/Full-Service

Upscale & Upper Upscale Combined

COURTYARD CYPRESS ANAHEIM/ORANGE COUNTY

Source: Company filings. Assumptions may vary by company.

(1) See explanation and reconciliation of Adjusted Hotel EBITDA to net income included in subsequent pages.

9

N E T D E B T T O E B I T D A C O M PA R I S O N

Low leverage has always been a key component of our strategy, providing stability and optionality across economic cycles

12.4x

7.8x

5.0x 5.3x

5.7x 5.9x

3.4x 3.4x 3.4x 3.5x

2.5x

HST APLE (1) CLDT SHO DRH XHR RLJ PEB PK INN AHT (2)

Upscale/Rooms-Focused

Upper Upscale/Full-Service

Upscale & Upper Upscale Combined

RESIDENCE INN PHOENIX NORTH/HAPPY VALLEY

Source: Company filings. Assumptions may vary by company.

1. See explanation and reconciliation of Adjusted EBITDA to net income included in subsequent pages.

2. Includes debt associated with hotels in receivership. 10

Occ ADR RevPAR

$160

$162

$159

$161

$163

$159

$149

$149

$147

$136

$140

$132

$125

$128

$130

$131

$118

$124

$122

$122

$119

$104

$95

$88

$93

64%

74%

77%

78%

78%

81%

78%

76%

75%

79%

70%

63%

64%

75%

80%

100%

90%

80%

70%

60%

50%

$164 $169 $166

$167

$165

40%

30%

20%

10%

0%

Jan 2025 Feb 2025 Mar 2025 Apr 2025 May 2025 Jun 2025 Jul 2025 Aug 2025 Sep 2025 Oct 2025 Nov 2025 Dec 2025 Jan 2026 Feb 2026 Mar 2026

% Change in RevPAR Compared to Same Period of Prior Year

Note: Comparable Hotels is defined as the 216 hotels owned and held for use by the Company as of March 31, 2026. For hotels acquired during the periods noted, the Company has included, as applicable, results of those hotels for periods prior to the Company's ownership, and for dispositions and assets held for sale, results have been excluded for the Company's period of ownership. Results for periods prior to the Company's ownership have not been included in the Company's actual Consolidated Financial Statements and are included only for comparison purposes. Results included for periods prior to the Company's ownership are based on information from the prior owner of each hotel and have not been audited or adjusted.

11

C O M PA R A B L E H O T E L S O P E R AT I N G T R E N D S

Continued Strength in Comparable Hotels Occupancy

100%

78%

78%

81%

78%

79%

80%

83%

82%

74%

77%

76%

75%

75%

78%

70%

72%

64%

63%

64%

Week ended

90%

80%

70%

Occupancy

60%

50%

40%

30%

20%

10%

0%

Jan 2025 Feb 2025 Mar 2025 Apr 2025 May 2025 Jun 2025 Jul 2025 Aug 2025 Sep 2025 Oct 2025 Nov 2025 Dec 2025 Jan 2026 Feb 2026 Mar 2026 4/4/26 4/11/26 4/18/26 4/25/26

% Change in Occupancy Compared to Same Period of Prior Year

Note: Comparable Hotels is defined as the 216 hotels owned and held for use by the Company as of March 31, 2026. For hotels acquired during the periods noted, the Company has included, as applicable, results of those hotels for periods prior to the Company's ownership, and for dispositions and assets held for sale, results have been excluded for the Company's period of ownership. Results for periods prior to the Company's ownership have not been included in the Company's actual Consolidated Financial Statements and are included only for comparison purposes. Results included for periods prior to the Company's ownership are based on information from the prior owner of each hotel and have not been audited or adjusted.

Source: Weekly data provided by STR for hotels owned by the Company and may differ from actual results achieved.

12

C O M PA R A B L E H O T E L S O C C U PA N C Y T R E N D S

Continued Strength in Absolute Weekday and Weekend Occupancy

100%

90%

Occupancy

80%

70%

60%

50%

40%

30%

20%

10%

0%

85%

Weekday Weekend

86%

88% 88% 87%

82%

82%

84%

83%

83%

80%

80%

80%

76%

79%

80%

79%

76%

76%

76%

77%

72%

74%

75%

74%

73%

75%

73%

73%

69%

71% 71%

67%

64% 63%

63%

64%

60%

Jan 2025 Feb 2025 Mar 2025 Apr 2025 May 2025 Jun 2025 Jul 2025 Aug 2025 Sep 2025 Oct 2025 Nov 2025 Dec 2025 Jan 2026 Feb 2026 Mar 2026 4/4/26 4/11/26 4/18/26 4/25/26

Source: Data provided by STR for hotels owned by the Company for the periods noted and may differ from actual results achieved. Weekday occupancy includes Sunday through Thursday nights, and weekend occupancy includes Friday and Saturday nights.

13

W E E K D AY V S . W E E K E N D O C C U PA N C Y

PORTFOLIO POISED FOR CONTINUED OUTPERFORMANCE

• Select-service hotels franchised with industry-leading brands provide strong value proposition and have proven appeal with broadest group of business and leisure customers

• Resilient demand with favorable year-over-year, government travel comparisons

• Broad geographic diversification provides exposure to wide variety of markets and demand generators, with meaningful exposure to FIFA World Cup 2026 domestic markets

• Limited near-term portfolio impact from new supply

• Continue to see strength from small group demand and are positioned in many markets to benefit from compression from large group business

• Efficient operating model combined with prudent expense management yields

  higher margins, increasing flow-through of top-line improvements

• Well-maintained, institutional-quality portfolio with substantial long-term value

• Average annual CapEx spend, as a percent of total revenue, significantly lower than full-service portfolios, allowing for substantial free cash flow from operations to fund shareholder distributions and strategic investments

• Acquisition and disposition activity has lowered the average age of assets, reduced near-term CapEx and increased exposure to markets anticipated to outperform over the next cycle while maintaining a strong and flexible balance sheet

• Balance sheet strength and liquidity position the Company to continue to pursue accretive acquisitions and optimize portfolio

14

HILTON GARDEN INN HILTON HEAD

High margins combined with low CapEx needs

results in strong free cash flow

Broad geographic

diversification

enhances portfolio

stability

Strong value proposition for business and leisure guests

drives resilient demand

Low debt

means less volatility

Low supply growth

favorably shifts risk and growth profiles

STABILITY THROUGH CYCLES LEADS TO OUTPERFORMANCE

15

P O S I T I O N E D F O R O U T P E R F O R M A N C E A C R O S S C Y C L E S

hotels in portfolio

39

34

hotels in portfolio

33 30 27

hotels in portfolio

hotels in portfolio

hotels in portfolio

10

hotels in portfolio

10

hotels in portfolio

8

hotels in portfolio

8

4

hotels in portfolio

hotels in portfolio

3

hotels in portfolio

4

hotels in portfolio

Note: Number of hotels the Company owns by brand as of May 4, 2026.

2

hotels in portfolio

1

1

hotel in portfolio

hotel in portfolio

16

S C A L E O W N E R S H I P O F R O O M S - F O C U S E D H O T E L S W I T H B R O A D C O N S U M E R A P P E A L

B E N E F I T S O F B R A N D E D S E L E C T - S E R V I C E H O T E L S

Efficient Operating Model

Broad Consumer Appeal

Maximize Shareholder Value

COURTYARD VIRGINIA BEACH OCEANFRONT/SOUTH

• Total revenue primarily derived from rooms sold

• High-quality hotels with strong value proposition for guests

  • Ability to optimize mix of business

to drive RevPAR and EBITDA

HOMEWOOD SUITES HUNTSVILLE-VILLAGE OF

PROVIDENCE

HOME2 SUITES ANCHORAGE/MIDTOWN

• Ability to cross-utilize associates to maximize efficiencies

• High margins

• Fewer outlets to manage

• Less public space to maintain

• Resilient group business

• Product attractive to business and leisure travelers

• Award-winning service, innovative design and modern amenities

• Strong reservation systems and loyalty programs

• Global distribution creates strong

  consumer awareness

• Lower downside risk with meaningful upside

• High margins drive overall profitability

• Lower long-term capital needs

• Institutional brands foster strong resale market, financing flexibility and investor confidence

  17

  
  
  

  B R O A D G E O G R A P H I C D I V E R S I F I C AT I O N

  3%

  3%

  5% 3%

  5%

  4%

  11%

  4%

  Diversification across 83 markets helps drive strong, consistent performance

  3%

  4% ✓ Broad geographic diversification provides exposure to wide variety of demand generators

  • Markets benefit from a mix of business and leisure demand

  • Portfolio benefits from both large corporate negotiated and small and midmarket local negotiated business demand

  • Low dependence on inbound international travel

3% ✓ Unparalleled exposure to business-friendly markets which continue to benefit from population shifts

3%

Note: Hotel locations as of May 4, 2026. Highlighted markets represent largest markets in Apple Hospitality's portfolio based on Comparable Hotels Adjusted

Hotel EBITDA contribution for the three months ended March 31, 2026. Market categorizations based on STR designations. 18

M A R K E T S T R AT E G Y

Diversification across high-density location types helps drive strong, consistent performance

Adjusted Hotel EBITDA contribution by location type

Urban 34%

Suburban 43%

Small Metro 1%

Airport 12%

Interstate 2%

Resort 8%

19

Note: Comparable Hotels Adjusted Hotel EBITDA contribution by location type based on the three months ended March 31, 2026. Market and location categorizations based on STR designations.

HIGH-DENSITY SUBURBAN

Properties ideally located in upscale submarkets with attractive cost structures that benefit from a broad mix of business and leisure demand generators and resilient group business. With proximity to an array of guest amenities and conveniences, these locations help drive strong, consistent performance.

COURTYARD SEATTLE KIRKLAND

HOME2 SUITES ANCHORAGE/MIDTOWN

RESIDENCE INN LOS ANGELES

BURBANK/DOWNTOWN

URBAN

Properties located in business-friendly cities. Beneficiaries of demographic shifts and economic development, these urban locations are home to numerous demand generators, not heavily dependent on inbound international travel and poised for continued growth.

ALOFT PORTLAND DOWNTOWN

WATERFRONT ME

EMBASSY SUITES MADISON

DOWNTOWN

HYATT PLACE GREENVILLE DOWNTOWN

S T R O N G O P E R AT I N G M A R G I N S

20

HILTON GARDEN INN DENVER DOWNTOWN

A