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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

Summit Hotel Properties Inc
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Post by 160kon Nov 04, 2010 7:11pm
236 Views
Post# 17660793

Hyatt Hotels Q3 Profit Surges:

Hyatt Hotels Q3 Profit Surges:Improved demand saw their net income increase to $30M or .17cents/share from $5M or .03cents/share in the comparable prior year.  REVPAR increased 6.9% in the 3rdQ and occupancy rose 4.4%.  Their financials came in ahead of analysts' expectations and their international hotel business, skyrocketed.  They cite overall, higher levels of corporate and group business contributing significantly to their improved performance.  "H" closed up .41cents/share at $40.96 on Tuesday, Nov. 02, 2010.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities