UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 6, 2014
APPLE REIT TEN, INC.
(Exact name of registrant as specified in its charter)
| Virginia | 000-54651 | 27-3218228 | ||
(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification Number) |
| 814 East Main Street, Richmond, Virginia | 23219 | |
| (Address of principal executive offices) | (Zip Code) |
(804) 344-8121
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Apple REIT Ten, Inc. (which is referred to below as the “Company” or as “we,” “us” or “our”) is filing this report in accordance with Item 8.01 of Form 8-K.
Item 8.01. Other Events.
On June 7, 2013, the Company, through one of its wholly-owned subsidiaries, became the preferred member of Cripple Creek Energy, LLC (“CCE”) pursuant to the Limited Liability Company Agreement of CCE dated June 6, 2013 (“the Agreement”). Under the terms of the Agreement, on November 6, 2014, CCE redeemed in full the Company’s $100 million preferred interest in CCE. The Company currently plans to use the proceeds to repay outstanding debt and for other general corporate purposes including capital expenditures, distributions and redemptions.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Apple REIT Ten, Inc. | ||
| By: | /s/ Glade M. Knight | |
Glade M. Knight, Chief Executive Officer | ||
| November 10, 2014 | ||