CORPORATE PROFILE Apple REIT Eight, Inc. is a real estate investment trust (REIT) focused on the ownership of hotels that generate attractive returns for our shareholders. Our hotels operate under the Courtyard^® by Marriott^®, Fairfield Inn & Suites^® by Marriott^®, Residence Inn^® by Marriott^®, SpringHill Suites^® by Marriott^®, TownePlace Suites^® by Marriott^®, Marriott^® Hotels & Resorts, Renaissance^® Hotels, Homewood Suites by Hilton^®, Hilton Garden Inn^®, Hampton Inn^® and Hampton Inn & Suites^® brands. Our portfolio consists of 51 hotels, containing a total of 5,910 guestrooms in 19 states. MISSION Apple REIT Eight, Inc. is a premier real estate investment company committed to providing maximum value for our shareholders.

Cover images from left to right, top to bottom: COURTYARD, WINSTON-SALEM, NC; HILTON GARDEN INN, SAVANNAH, GA; MARRIOTT, CHESAPEAKE, VA; RENAISSANCE NEW YORK HOTEL 57, NEW YORK CITY, NY; HOMEWOOD SUITES, BIRMINGHAM, AL; COURTYARD, SOMERSET, NJ

This quarterly report contains forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. Such statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include: the availability and terms of financing; changes in national, regional and local economies and business conditions; competitors within the hotel industry; the outcome of current and future litigation and regulatory proceedings or inquiries; and the ability of the company to implement its operating strategy and to manage planned growth.

In addition, the timing and amounts of distributions to common shareholders are within the discretion of the company’s board of directors. Although the company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate; therefore, there can be no assurance that such statements included in this quarterly report will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the company or any other person that the results or conditions described in such statements or the objectives and plans of the company will be achieved.

“Marriott^®,” “Courtyard^® by Marriott^®,” “SpringHill Suites^® by Marriott^®,” “Fairfield Inn^® by Marriott^®,” “Fairfield Inn & Suites^® by Marriott^®,” “TownePlace Suites^® by Marriott^®,” “Residence Inn^® by Marriott^®” and “Renaissance Hotels & Resorts^®” are each a registered trademark of Marriott International, Inc. or one of its affiliates. All references to “Marriott” mean Marriott International, Inc. and all of its affiliates and subsidiaries and their respective officers, directors, agents, employees, accountants and attorneys. Marriott is not responsible for the content of this report, whether relating to the hotel information, operating information, financial information, Marriott’s relationship with Apple REIT Eight or otherwise. Marriott was not involved in any way whether as an “issuer” or “underwriter” or otherwise in the Apple REIT Eight offering and received no proceeds from the offering. Marriott has not expressed any approval or disapproval regarding this report, and the grant by Marriott of any franchise or other rights to Apple REIT Eight shall not be construed as any expression of approval or disapproval. Marriott has not assumed and shall not have any liability in connection with this report.

“Hampton Inn^®,” “Hampton Inn & Suites^®,” “Hilton Garden Inn^®” and “Homewood Suites by Hilton^®” are each a registered trademark of Hilton Worldwide or one of its affiliates. All references to “Hilton” mean Hilton Worldwide and all of its affiliates and subsidiaries, and their respective officers, directors, agents, employees, accountants and attorneys. Hilton is not responsible for the content of this report, whether relating to hotel information, operating information, financial information, Hilton’s relationship with Apple REIT Eight, or otherwise. Hilton was not involved in any way, whether as an “issuer” or “underwriter” or otherwise, in the Apple REIT Eight offering and received no proceeds from the offering. Hilton has not expressed any approval or disapproval regarding this report, and the grant by Hilton of any franchise or other rights to Apple REIT Eight shall not be construed as any expression of approval or disapproval. Hilton has not assumed and shall not have any liability in connection with this report.