Profile: Summit Hotel Properties Inc (INN.N)
28 Apr 2017
Summit Hotel Properties, Inc., incorporated on June 30, 2010, is a real estate investment trust (REIT). The Company is focused primarily on owning premium-branded, select-service hotels in the Upscale segment of the United States lodging industry. As of March 31, 2017 the Company's portfolio consisted of 82 hotels with over 11,095 guestrooms located in 23 states. The Company's hotels are located in markets, such as business and corporate headquarters, retail centers, airports and tourist attractions. The Company's portfolio is located in urban and suburban markets.
Based on total number of guestrooms, approximately 86% of the Company's portfolio is positioned in over 50 metropolitan statistical areas (MSAs), and approximately 95% is located within over 100 MSAs. Based on total number of guestrooms, approximately 99% of the Company's hotels operate under franchise brands owned by Marriott International, Inc. (Courtyard by Marriott, Residence Inn by Marriott, Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, and Fairfield Inn & Suites by Marriott), Hilton Worldwide (DoubleTree, Hampton Inn, Hampton Inn & Suites, Homewood Suites, and Hilton Garden Inn), InterContinental Hotels Group (Holiday Inn, Holiday Inn Express, Holiday Inn Express & Suites, Hotel Indigo, and Staybridge Suites), and an affiliate of Hyatt Hotels Corporation (Hyatt Place and Hyatt House).
Summit Hotel Properties Inc
12600 Hill Country Blvd Ste R-10
AUSTIN TX 78738-6748
Company Web Links
- BRIEF-Summit Hotel Properties increases common dividend by 5 pct
- BRIEF-Summit Hotel Properties acquires two hotels for $60.2 mln
- BRIEF-Summit Hotel Properties Q4 adjusted FFO per share $0.30
- BRIEF-Summit Hotel Properties appoints Daniel P. Hansen to chairman
- BRIEF-Summit Hotel Properties qtrly adjusted FFO $0.37/diluted share