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Summit Hotel Properties Inc T.INN.UN


Primary Symbol: INN Alternate Symbol(s):  INN.PR.F

Summit Hotel Properties, Inc. is a real estate investment trust. The Company is focused on owning premium-branded lodging properties with operating models primarily in the upscale segment of the lodging industry. Its portfolio consists of approximately 96 assets, 54 of which are wholly owned, with a total of 14,256 guestrooms located in 24 states. Its properties are located in markets with multiple demand generators, such as corporate offices and headquarters, retail centers, airports, state capitols, convention centers, universities, and leisure attractions. Its guestrooms operate under franchise brands owned by Marriott International, Inc. (Marriott), Hilton Worldwide (Hilton), Hyatt Hotels Corporation (Hyatt), and InterContinental Hotels Group (IHG). It holds both general and limited partnership interests in Summit Hotel OP, LP (the Operating Partnership). Substantially, all of its assets are held by, and all of its operations are conducted through, the Operating Partnership.


NYSE:INN - Post by User

Bullboard Posts
Comment by strzelinon Nov 04, 2011 2:57pm
165 Views
Post# 19210524

Analyst review

Analyst reviewIMO INN is a value and income play at this level. Here are the latest targets: TD Securities $5.50 BUY Scotia Capital $6.25 Sector Outperform CIBC World Markets $6.00RBC Capital $6.25 Scotia Capital:we’ve lowered our 2012E distribution to 0.40 vs. current 0.50 Estimates reduced to reflect full-year of taxation in 2012. Our revised (post-tax) 2010E-2012E AFFOPU CAGR of 14% is still the 2nd highest in our universe of coverage.Maintain 1-SO rating; While distribution uncertainty may act as a near-term overhang, improving operations should surface value over the NTM.
Bullboard Posts