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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

Summit Hotel Properties Inc > Hmm, no news yet regarding Debenture Holder meeting?
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Comment by HCI_STEELon Jul 11, 2014 3:13pm
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Post# 22737985

RE:RE:RE:Hmm, no news yet regarding Debenture Holder meeting?

RE:RE:RE:Hmm, no news yet regarding Debenture Holder meeting?Np. I voted no because 0.5% increase in interest rate isn't worth the much higher conversion price. Now why do you suppose they would want to adjust the price that much higher, or even change these recently issued debentures? I would have to think the motivation would be an expectation that the share price will be moving up above 5.80 and they don't want the dilution.
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