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Tag : summit hotel properties

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Summit Hotel Properties EVP & CFO Greg Dowell to Retire in 2018; Jonathan Stanner, Current EVP and Chief Investment Officer, to Succeed

November 14, 2017

AUSTIN, Texas, Nov. 14, 2017 -- Summit Hotel Properties, Inc. (NYSE: INN) ("Summit" or the "Company") today announced that...

Summit Hotel Properties to Acquire Four Hotels Totaling 652 Guestrooms for $164 Million, or Approximately $252,000 Per Key

November 14, 2017

AUSTIN, Texas, Nov. 14, 2017 -- Summit Hotel Properties, Inc. (NYSE: INN) ("Summit" or the "Company") today announced that it has...

Summit Hotel Properties Completes Acquisition of 181-Room Courtyard by Marriott Charlotte City Center for $56.3 Million

June 16, 2017

AUSTIN, Texas, June 16, 2017 -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") announced today that on June 9, 2017, it completed the...

Summit Hotel Properties to Acquire Five-Hotel Portfolio from Xenia for $163 Million

June 5, 2017

AUSTIN, Texas, June 5, 2017 -- Summit Hotel Properties, Inc. (NYSE: INN) ("Summit") and Xenia Hotels & Resorts, Inc. (NYSE: XHR)...

Summit Hotel Properties Reports Q1 2017 Net Income of $28.9 Million Compared to $44.3 Million in Q1 2016

May 4, 2017

Net Income of $28.9 million Adjusted FFO climbs 6.7 percent to $30.2 million, $0.32 per share Common Dividend increase of 4.6 percent AUSTIN, Texas, May 3,...

Hospitality Investors Trust Acquires Seven Hotels from Summit Hotel Properties for $66.8 Million

May 1, 2017

NEW YORK, May 1, 2017 -- Hospitality Investors Trust, Inc ("HIT REIT" or the "Company") announced today that it has successfully...

Summit Hotel Properties Names Jonathan P. Stanner Executive Vice President and Chief Investment Officer

April 4, 2017

AUSTIN, Texas, April 4, 2017 -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that Jonathan P. Stanner will join the...

Summit Hotel Properties Acquires Two Hotels For $60.2 Million

April 3, 2017

AUSTIN, Texas, April 3, 2017 -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") reported today the following: Completion of the...

Summit Hotel Properties Reports Q4 2016 Net Income Fell to $3.3 Million, Compared with $80 Million in 2015; Pro Forma RevPAR Increased 1% in Q4

February 24, 2017

AUSTIN, Texas, Feb. 23, 2017 -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), today announced results for the fourth quarter and...

Summit Hotel Properties Completes Acquisition of 157-Room Marriott in Boulder, Colorado for $61.4 Million

August 19, 2016

AUSTIN, Texas, Aug. 19, 2016 -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") announced today that on August 9, 2016, it completed...

Summit Hotel Properties Reports Second Quarter 2016 Net Income of $17.7 million Compared to $12.1 million in the Year Ago Quarter

August 3, 2016

Net Income increases to $17.7 million; Pro Forma RevPAR increases 6.4 percent; Adjusted FFO per share increases 22.5 percent to $0.42 per share AUSTIN,...

Tandy O. Lofland and Mark J. Rome Co-Broker Sale of Las Colinas Holiday Inn Express & Suites

June 9, 2016

June 9, 2016 - Tandy O. Lofland, founder and CEO of Intergroup Realty, Inc. and Mark Rome, president of MJ Rome, announced their firms advised the seller in...

Summit Hotel Properties Completes Sale of Holiday Inn Express & Suites in Irving, Texas for $10.5 Million

June 1, 2016

AUSTIN, Texas, June 1, 2016 -- Summit Hotel Properties, Inc. (NYSE: INN) ("the Company") announced today that on May 13, 2016, it completed...

Summit Hotel Properties Reports First Quarter 2016 Net Income of $44.3 million Compared to $6.4 million in the Year Ago Quarter

May 4, 2016

Same-Store RevPAR increases 4.5 percent Adjusted FFO per share climbs 21.2 percent to $0.32 per share Common Dividend Increase of 12.8 percent AUSTIN,...

Summit Hotel Properties Reports Fourth Quarter And Full Year 2015 Results; Pro forma RevPAR Grew to $97.13, an Increase of 5.5%

February 25, 2016

Annual Same-Store RevPAR increases 8.2 percent Adjusted FFO per share soars 28.0 percent to $1.25 per share for 2015 Portfolio Transformation Continues...

Summit Hotel Properties Sells 6 Hotels for $108.3M, Reinstates Agreement for Sale of 10 Hotels for $89.1M, and Acquires 2 Hotels for $109M

February 17, 2016

AUSTIN, Texas, Feb. 16, 2016  -- Summit Hotel Properties, Inc. (NYSE:INN) ("the Company") announced today the completion of the sale of six...

American Realty Capital Hospitality Trust Acquires Six Hotels from Summit Hotel Properties for $108.3 Million

February 17, 2016

NEW YORK, Feb. 17, 2016 -- American Realty Capital Hospitality Trust, Inc. ("ARC Hospitality" or the "Company") announced today...

Q3 2015 Financial Reports Round Up: Hyatt, Chesapeake, Ryman & Summit

November 3, 2015

Hyatt Hotels Corporation reports third quarter 2015 net of $25 million compared to $32 million in Q3 2014. Comparable systemwide RevPAR increased 1.6%....

American Realty Capital Hospitality Trust Acquires 10 Hotels for $150 Million from Summit

October 21, 2015

NEW YORK, Oct. 21, 2015 -- American Realty Capital Hospitality Trust, Inc. ("ARC Hospitality" or the "Company") announced today...

Summit Hotel Properties Executive Chairman Kerry W. Boekelheide Steps Down

August 4, 2015

Thomas W. Storey will assume the role of Chairman of the Board effective July 30, 2015.AUSTIN, Texas, Aug. 4, 2015 -- Summit Hotel Properties, Inc. (NYSE: INN)...

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