Apple Hospitality REIT Inc. recently revealed that Rachael Rothman, Executive Vice President and Chief Financial Officer, has resigned from the company effective December 6, 2019. The Company also announced that its Board of Directors appointed Bryan Peery, the Company’s Executive Vice President and Chief Accounting Officer, to fill the position.
According to a prepared release, Peery previously served as the Company’s Executive Vice President and Chief Financial Officer from the Company’s inception in 2007 until June 30, 2019. In March of 2019, Peery informed the Company of his intention to retire from his positions with the Company in the first quarter of 2020; however, Peery has agreed to remain with the Company, as necessary, beyond March 2020 to provide for an orderly transition of his responsibilities.
Rothman’s resignation from the Company is not due to any disagreement with the Company on any matter relating to the Company’s operations, policies or practices, the release states.
Apple Hospitality REIT, Inc. 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. Apple Hospitality’s portfolio consists of 235 hotels with more than 30,000 guest rooms located in 87 markets throughout 34 states.