COVID Stimulus Watch Individual Entry

Note: this award was refunded

Individual Award Data

Recipient Company:  Apple Hospitality REIT, Inc.
Parent Company:  Apple Hospitality REIT, Inc.
Award Date:  May 18, 2020
Award Type:  loan
Loan or Loan Guarantee Amount:  $18,000,000
Awarding Agency:  Small Business Administration
Program Name:  Paycheck Protection Program
Award Details: 

The company later said it would return the money: https://www.sec.gov/ix?doc=/Archives/edgar/data/1418121/0001185185200006...


Parent Company Data

Ownership Structure:  publicly traded (ticker symbol APLE)
Headquartered in:  Virginia
Parent Sector:  real estate
Parent Industry:  real estate investment trust
Employees (prior to pandemic):  67

Parent Accountability Issues Since 2010

Ratio of CEO Pay to that of Median Worker:  31.5 to 1
CEO Compensation:  $4,588,609