On Tuesday, in the course of current trade, Shares of Apple Hospitality REIT Inc (NYSE:APLE), climbed 5.01%, and is now trading at $18.85.
Apple Hospitality REIT declared that it has closed on the formerly declared acquisition of a 245-room Courtyard by Marriott in San Diego, CA for a purchase price of $56 million, or about $229,000 per key.
“We are happy to add the recently renovated Courtyard San Diego Central to our portfolio of upscale hotels and improvement our presence in the dynamic San Diego market,” said Nelson Knight, Executive Vice President, and Chief Investment Officer for Apple Hospitality REIT. “San Diego’s economy is diversified across numerous leisure and corporate demand generators and we believe this hotel is well positioned for future growth.”
Apple Hospitality REIT, Inc. is a publicly owned real estate investment trust. It invests in the real estate markets of United States. The firm invests primarily in the lodging industry. It is focused on the acquisition and ownership of income-producing real estate.
During an Afternoon trade, Shares of Entergy Corporation (NYSE:ETR), climbed 1.11%, and is now trading at $62.22.
For its integral role that resulted in nearly $14.4 billion of capital investment and the creation of over 7,200 new jobs in its service territory, Entergy Corporation (ETR) has been named one of the nation’s Top 10 utilities in economic development for 2014 by Site Selection magazine.
“We’re honored to be recognized by Site Selection magazine as one of the top utilities for the eighth successive year,” said Mark Kleehammer, vice president of Entergy’s Business Development Services. “Utilities must actively take part in the economic development process and work closely with state agencies and local communities to influence the outcome. Entergy has and will continue to support our customers and our state and local partners to highlight the region’s highly competitive utility rates, superior infrastructure, constructive business climate, and able workforce in order to continue the region’s robust economic expansion.”
Criteria used by Site Selection to choose the top 10 comprises the utility’s use of innovative programs and incentives for business and the utility’s own job-creating infrastructure and facility investment trends.
Entergy Corporation, together with its auxiliaries, engages in the electric power production and retail electric distribution operations in the United States. It operates in two segments, Utility and Entergy Wholesale Commodities.
Finally, Hershey Co (NYSE:HSY), gained 2.04% Tuesday.
Hershey Company has been recognized as a top company and workplace for millennials in the Youth 100 VoxBurner Report and 2015 Millennial Career Survey by the National Society of High School Scholars (NSHSS). The company ranked No.4 out of 100 companies and No.1 in the “Grocery and Snacks” category in the VoxBurner Report. Hershey also ranked No. 20 out of the “Top 200 Preferred Companies” in 2015 by students aged 19 to 25 across the nation.
“As a company with more than 120 years in the marketplace, we are thrilled that our iconic brands connect with millennials,” said Michele Buck, President North America, The Hershey Company. “Young people want to work for companies that make the brands they love and where they are able to make a difference and give back to the community. It’s gratifying that Hershey has been recognized as one of these places.”
Millennials’ influence in the marketplace continues to grow both in buying power and impact on food trends. By 2020, millennials will make up 29 percent of consumer packaged goods spending. As the company continues to grow and expand, Hershey believes in having employees that reflect the demographics of its consumers. By building a collaborative and engaging workplace for employees across geographies, the company keeps a pulse on key trends and continues to deliver exciting products around the world.
The Hershey Company manufactures, imports, markets, distributes, and sells confectionery products. The company operates through two segments, North America; and International and other.
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