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Summit Hotel Properties Inc (INN.N)

INN.N on New York Stock Exchange

16.12USD
16 Oct 2017
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$0.01 (+0.06%)
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Latest Key Developments (Source: Significant Developments)

Summit Hotel Properties announced closing of new $225 mln unsecured term loan
Monday, 2 Oct 2017 04:30pm EDT 

Oct 2 (Reuters) - Summit Hotel Properties Inc :Summit Hotel Properties Inc - announced closing of new $225 million unsecured term loan.Summit Hotel Properties-loan includes accordion feature that allows co to request an increase in lender commitments up to an aggregate of $400 million.Summit Hotel Properties - on October 2 co entered into two, $100 million interest rate swap agreements with an effective date of January 29, 2018.Summit Hotel Properties Inc - ‍swaps convert Libor from floating rate to an average fixed rate of 1.98% through January 31, 2023​.  Full Article

Summit Hotel adjusted FFO per share $0.36
Wednesday, 2 Aug 2017 04:40pm EDT 

Aug 2 (Reuters) - Summit Hotel Properties Inc ::Summit Hotel Properties reports second quarter 2017 results.Q2 adjusted FFO per share $0.36.Q2 revenue $129.1 million versus I/B/E/S view $132.2 million.Qtrly FFO per diluted share and unit $0.33.Sees Q3 adjusted FFO per diluted unit $0.32 - $0.35.Sees FY 2017 adjusted FFO per diluted unit $1.28 - $1.34.Summit Hotel Properties Inc - sees FY17 capital improvements in range of $35 million - $45 million.Sees 2017 pro forma revpar growth 0.00% to 1.00%.  Full Article

Summit Hotel, Xenia Hotels & Resorts announce agreement on $163 mln transaction
Monday, 5 Jun 2017 06:45am EDT 

June 5 (Reuters) - Summit Hotel Properties Inc ::Summit Hotel Properties and Xenia Hotels & Resorts announce agreement on $163 million transaction.Xenia Hotels & Resorts Inc - in conjunction with acquisitions, summit will be executing new franchise agreements with respective franchisors for hotels.Xenia Hotels & Resorts Inc - expects to spend approximately $13 million to $16 million in capital improvements required under agreements over next two years.  Full Article

Summit Hotel Properties prices public offering of 9 mln shares at $16.50/share
Tuesday, 9 May 2017 11:01pm EDT 

May 9 (Reuters) - Summit Hotel Properties Inc ::Announces pricing of public offering of common stock.Says public offering of 9.00 million common shares priced at $16.50per share.  Full Article

Summit Hotel Properties announces public offering of common stock
Tuesday, 9 May 2017 04:08pm EDT 

May 9 (Reuters) - Summit Hotel Properties Inc :Summit Hotel Properties announces public offering of common stock.Says offering 9.00 million common shares.  Full Article

Summit Hotel Properties reports Q1 adjusted FFO per share $0.32
Wednesday, 3 May 2017 04:40pm EDT 

May 3 (Reuters) - Summit Hotel Properties Inc :Summit Hotel Properties reports first quarter 2017 results.Q1 adjusted FFO per share $0.32.Summit Hotel Properties Inc - Qtrly pro forma revenue per available room grew to $112.50, an increase of 1.5 percent.Summit Hotel Properties Inc qtrly same-store revpar grew to $109.78, an increase of 0.2 percent over same period in 2016.Summit Hotel Properties Inc - Qtrly FFO per diluted share and unit $ 0.30.Summit Hotel Properties Inc - "Maintaining our full year 2017 outlook for revpar growth and adjusted FFO per share".  Full Article

Summit Hotel Properties increases common dividend by 5 pct
Friday, 28 Apr 2017 04:30pm EDT 

April 28 (Reuters) - Summit Hotel Properties Inc -:Summit Hotel Properties increases common dividend by 5% and declares first quarter 2017 dividends.Summit Hotel Properties- declared, cash dividend for q1 2017, of $0.17 per share of common stock of company and per common unit of lp interest in summit hotel op, lp.Summit Hotel Properties Inc - co's q1 common dividend represents increase of $0.0075 per share, or 4.6 percent, over prior quarter's common dividend.  Full Article

Summit Hotel Properties Q4 adjusted FFO per share $0.30
Thursday, 23 Feb 2017 04:45pm EST 

Summit Hotel Properties Inc : Summit Hotel Properties reports fourth quarter and full year 2016 results . Q4 adjusted FFO per share $0.30 . Qtrly pro forma revpar grew to $103.05, an increase of 1.0 percent over same period in 2015 . Qtrly same-store revpar grew to $97.74, an increase of 0.3 percent over same period in 2015. . Summit Hotel Properties Inc sees full year 2017 pro forma revpar $113.50 versus $115.75 . Sees Q1 2017 affo per diluted share and unit between $0.29 to $0.31 . Q1 FFO per share view $0.34 -- Thomson Reuters I/B/E/S . Q4 FFO per share view $0.26 -- Thomson Reuters I/B/E/S . Sees FY 2017 affo per diluted share and unit between $1.34 to $1.42 .Fy2017 FFO per share view $1.43 -- Thomson Reuters I/B/E/S.  Full Article

Summit Hotel Properties appoints Daniel P. Hansen to chairman
Wednesday, 18 Jan 2017 04:35pm EST 

Summit Hotel Properties Inc - : Summit Hotel Properties appoints Daniel P. Hansen to chairman . Hansen succeeds Thomas W. Store .Jones will also continue his role as chair of audit committee.  Full Article

Summit Hotel increases quarterly dividend by 23 percent
Monday, 31 Oct 2016 04:30pm EDT 

Summit Hotel Properties Inc - : Increases quarterly dividend by 23 percent .Declared, a cash dividend for Q3 ended September 30, 2016, of $0.1625 per share.  Full Article

BRIEF-Summit Hotel Properties announced closing of new $225 mln unsecured term loan

* Summit Hotel Properties Inc - announced closing of new $225 million unsecured term loan