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

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Comment by lessspikeon Jan 21, 2009 12:17pm

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Post# 15718515

RE: INN at $3.57

Assuming that INN can hold their distribution, you can make a "quick" buck at these levels regardless. Buying at this level gives you 2%/month, not bad at all. I've been filling my boots at this level yesterday and today near $3.

The sell momentum is quite powerful so it's not necessarily a good sign but I like the fundamentals of this brand even though the hospitality market might be a little soft this year.

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