Profile: Summit Hotel Properties Inc (INN.N)
2 Dec 2016
Summit Hotel Properties, Inc., incorporated on June 30, 2010, is a holding company and conducts all of its operations through its operating partnership. The Company is a real estate investments trust (REIT) and self-managed hotel investment company. The Company operates in the segment of activities related to investing in real estate. The Company is focused on owning premium-branded, select-service hotels in the Upscale and Upper-midscale segments of the United States lodging industry. The Company holds both general and limited partnership interests in Summit Hotel OP, LP (the Operating Partnership). The Company's hotels are leased to subsidiaries (TRS Lessees) of Summit Hotel TRS, Inc., its taxable REIT subsidiary (TRS).
The Company's portfolio consists of approximately 90 hotels with over 11,420 guestrooms located in approximately 20 states. Approximately 86.1% of its guestrooms are located in over 50 metropolitan statistical areas (MSAs); approximately 94.5% are located within over 100 MSAs, and approximately 97.3% of its hotel guestrooms operate under franchise brands owned by Marriott International, Inc. (Marriott) (Courtyard by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott and Fairfield Inn and Suites by Marriott), Hilton Worldwide (Hilton) (DoubleTree by Hilton, Hampton Inn, Hampton Inn & Suites, Homewood Suites and Hilton Garden Inn), Intercontinental Hotel Group (IHG) (Holiday Inn, Holiday Inn Express, Holiday Inn Express and Suites, Hotel Indigo and Staybridge Suites) and an affiliate of Hyatt Hotels Corporation (Hyatt) (Hyatt House and Hyatt Place). Its hotels are located in markets, such as corporate offices and headquarters, retail centers, airports, state capitols, convention centers and leisure attractions.
Summit Hotel Properties Inc
12600 Hill Country Blvd Ste R-10
AUSTIN TX 78738-6748
Company Web Links
- BRIEF-Summit Hotel Properties qtrly adjusted FFO $0.37/diluted share
- BRIEF-Summit Hotel increases quarterly dividend by 23 percent
- BRIEF-Summit Hotel announces redemption of 9.25 pct series A cumulative redeemable preferred stock
- BRIEF-Summit Hotel Properties posts Q2 adj. FFO per share $0.42
- BRIEF-Summit Hotel Properties prices public offering