Apple Hospitality Two Reviews Strategic Alternatives
2005-06-02
Apple Hospitality Two, Inc., a real estate investment trust (REIT), announced that its board of directors has engaged UBS Investment Bank as the company's exclusive financial advisor to assist it in reviewing and evaluating various strategic alternatives, including a possible sale, merger or listing of Apple Hospitality Two.
Hospitality Two cannot provide assurance that it will complete any of these strategic alternatives.
Apple Hospitality Two is a REIT focused on the upscale, extended-stay suite segment of the hotel industry. The portfolio consists of 66 hotels, containing a total of 7,869 suites, diversified among 25 states.
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