Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Sep 27, 2010 6:27pm
288 Views
Post# 17498529

Another home run: 52 and counting:

Another home run: 52 and counting:Hey, if Bauttista can do it, why not Innvest. It is Monday, Sept. 27, 2010 and Innvest sets a new recovery record high close price of $7.20 and a new recovery record hi trade of $7.25 on very good volume today.  At the same time, Royal Host Hotels announces that it has decided to convert to a corporation and pay dividends, while at the same time, cautioning that it may, or may not always be able to do so.  Their units dropped sharply.  They seem directionless with no real strategy for the future.  At first, they were thinking of reorganizing in a manner to allow them to remain "on-side" with respect to being a REIT and then, they just suddently decided to go the conventional route and convert.  I am hoping that Innvest, proves to the marketplace, that it is truly the premier hotel operation in Canada and hits $7.50 by Xmas.  Paying almost 7% per annum, based on the current close price today,  Innvest is very reasonably priced with plenty of room to the upside before investors would turn elsewhere for a better yield.  It is not too high, it could be a bit lower, but the yield now certainly is better than anything else you could find, especially for income-starved investors.  Maybe, we could look forward to a "dividend" raise in the new year, should the economy and the appetite for travel continue to improve.  With GIC's and other fixed-income instruments paying close to negative returns after tax, Innvest, certainly looks attractive for the investor willing to take on some risk and go long-term to see their capital appreciate.  C'mon Bauttista, with a few games left, hit those last 3 home runs and make it an even 55.  Blue Jay fans.....remember to get those blogs going promoting Bauttista as the Major League Baseball Most Valuable Player of the Year.  He's almost tops in ribbies too in the league.  Too bad, Americans don't consider Toronto part of the MLB., but rather as some farm-team for another club in the U.S.  A rather sad commentary, isn't it?
Bullboard Posts