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Apple Hospitality sells 6.9 million common shares in Q4'17 under ATM program

Hotel-focused Apple Hospitality Real Estate Investment Trust Inc. received roughly $132.9 million in net proceeds from the sale of about 6.9 million common shares under its at-the-market offering program, during the fourth quarter of 2017.

The company used the proceeds to pay down borrowings on its revolving credit facility.