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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 Jmarks1on Jul 24, 2014 12:30pm
187 Views
Post# 22778269

RE:RE:Looks like got the majority wrapped up!

RE:RE:Looks like got the majority wrapped up!Anytime we can walk away beating the index is a good day in my books. According to Yahoo the float is 2/3 of O/S shares. It's a total mystery to me why the pps keeps climbing and no one is shorting, it's almost as if the principals are telling the market, go ahead short us, we are just going make you lose by buy up whatever comes up for sale. A very strange situation indeed.
As I get older my principal means more to me than anything else. Ya, it's caused me to sell early, but I've also hit a few bang on lately, like Telus, BCE, BNS so I'm ok with not being too greedy.
Also been selling my winners and holding cash, waiting for the market to catch up with reality, but that doesn't seem to be happening very quick because of all the cheap trading chips on the table ( cheap cash).
So I'm looking for value and have been picking up some TBE myself. 
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