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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
Comment by 160kon Sep 30, 2010 7:37pm
401 Views
Post# 17514905

RE: RE: RE: I Like this Trend/ New recovery values

RE: RE: RE: I Like this Trend/ New recovery valuesVery nice rebound on a day of widespread profit-taking and end of month account rationalizations as we end the 3rd Q.  Dropping under $7 and managing a rebound to 7.19$ is pretty impressive.  Nothing goes straight up and I hope to see normal "stepping" action on this one giving up a bit one day and then gaining something the next and so on and so forth.  Just normal trading in my opinion.  Let it baseline for a bit and develop some support and it will eventually move to the next level.  Have you nothing to say about the trading in Innvest over the past 2-3 weeks?  The stock did open at $7.25 today, so someone sees the value, going forward.  The markets still remain nervous and stressed out, to say the least, and they can turn on a dime on just about any piece of junk news or unsubstantiated rumour.  The doom and gloomers still influence this market greatly and they have ever since Innvest fell under $3.00.  The main body of investors are still on the sidelines, as far as I am concerned and those coming into it recently are looking for a quick gain and and an equally quick exit.  When the long-term investor starts to dominate this market, we will see an entirely different scenario play out, in my opinion, of course.
Bullboard Posts