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Summit Hotel Properties Inc (INN.N)

INN.N on New York Stock Exchange

15.45USD
18 Jan 2018
Change (% chg)

$-0.60 (-3.74%)
Prev Close
$16.05
Open
$15.98
Day's High
$15.98
Day's Low
$15.38
Volume
306,427
Avg. Vol
228,938
52-wk High
$19.38
52-wk Low
$14.23

Latest Key Developments (Source: Significant Developments)

Summit Hotel Properties announces CFO succession plan
Monday, 13 Nov 2017 04:30pm EST 

Nov 13 (Reuters) - Summit Hotel Properties Inc ::Summit Hotel Properties announces CFO succession plan.Says CFO Gregory A. Dowell to retire.Summit Hotel Properties - Jonathan Stanner to succeed CFO Greg Dowell in 2018​.  Full Article

Summit Hotel Properties reports Q3 adjusted FFO per share $0.35
Monday, 30 Oct 2017 04:35pm EDT 

Oct 30 (Reuters) - Summit Hotel Properties Inc :Summit Hotel Properties Inc reports third quarter 2017 results.Q3 adjusted FFO per share $0.35.Summit Hotel Properties Inc qtrly ‍pro forma RevPAR increased 1.2 percent to $119.13 from same period in 2016​.Summit Hotel Properties Inc - qtrly ‍same-store RevPAR grew to $115.04, an increase of 0.6 percent from same period in 2016​.Summit Hotel Properties Inc qtrly ‍ffo per share $0.33​.Q3 FFO per share view $0.34 -- Thomson Reuters I/B/E/S.Summit Hotel Properties Inc - ‍through remainder of 2017, company expects to invest $15 million to $20 million in capital improvements​.Summit Hotel Properties Inc - sees ‍Q4 pro forma RevPAR in the range of $107.75 to $109.75​.Summit Hotel Properties Inc - sees Q4 ‍adjusted FFO per diluted unit in the range of $0.26 to $0.29​.Summit Hotel Properties Inc - sees fy ‍pro forma RevPAR to be in the range of $116.25 to $116.75​.Summit Hotel Properties Inc - sees fy ‍adjusted FFO per diluted unit to be in the range of $1.29 to $1.32​.  Full Article

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

BRIEF-Summit Hotel Properties announces CFO succession plan

* Summit Hotel Properties - Jonathan Stanner to succeed CFO Greg Dowell in 2018​ Source text for Eikon: Further company coverage: