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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

Comment by Beabaggageon Jun 19, 2014 12:06pm
149 Views
Post# 22675591

RE:Mark my words a buyout by Sept.

RE:Mark my words a buyout by Sept.agree, the playground for Kingsett and Jon Love for sure. got to "love" how he protects his ownership stake by milking the new debt they issued to INN w shares as part of the quarterly interest; how he removes the potential for DEB-G dilution w buyback and raising int rate- using the debt he sold the company to do so.. and I see from latest insider trades he is in the DRIP to make sure he gets more shares w his distributions monthly.... classic hedge fund/activist carve up. on fundies, just don't get the long term reason to hold for FFO, but they can make a lot of money w hotel shifts/sales/debt shenanigans. there are a lot of other reits that should watch out that are barely performing that should watch out here,, Cominar seems like a no brainer for similar strategy. good assets but no FFO growth, complacent mgmt. Bea
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