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“If you look at our performance over the past 12 months, we’ve taken more than our fair share of total transactions, and we certainly continue to view ourselves as well positioned relative to potential competition,” Justin Knight said. Knight, speaking during Apple’s first-quarter earnings call on Tuesday, pointed to its two latest acquisitions, the 299-key SpringHill Suites by Marriott Las Vegas Convention Center for approximately $75 million and the 234-key AC Hotel by Marriott Washington DC Convention Center for approximately $116.8 million (it highest price yet for an asset), as prime examples of the space where the REIT continues to be competitive.