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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

Bullboard Posts
Post by 160kon Jul 27, 2010 7:10pm
309 Views
Post# 17301573

Appears that Innvest getting traction now:

Appears that Innvest getting traction now:I think that maybe with some of the fears about a double-dip recession and the failure of certain of the European Union not being able to service its debt....finally abating....risk aversion may be starting to abate also.  Innvest has had several very solid trading days and it looks like maybe the investment community has finally learned about Innvest's new restructuring plan.

As far as the mention of the reduced ROC, is concerned, it was noted in the body of one of those circulars included with the proxy information.  It all remains to be seen anyways.  I finally did receive my TDWaterhouse package, just a few weeks or so ago on July 15th.  I have no explanation for this.  TD said it went out on one day and a rep. from Computershare, said it went out on another day.  Somewhere in the middle....may be the truth...but I lost my right to vote on those units.  My other account information arrived well within time to vote.

160K
Bullboard Posts