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.

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Summit Hotel Properties Inc > Mark my words a buyout by Sept.

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Comment by Jmarks1on Jun 19, 2014 12:46pm

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Post# 22675836

RE:RE:Mark my words a buyout by Sept.

Yea, who really knows what they have up there sleeve and I agree positioning just for FFO doesn't quite add up, unless they see a heck of a return coming on capex
Hence my thought they aren't going to hang on, as a turnaround in FFO is a ways out, if the current plan pans out.
But as you point out the setup is interesting and seems obvious.

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