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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 Mar 09, 2011 6:06pm
245 Views
Post# 18261848

Other possible targets:

Other possible targets:Hi southerncross:  you know, there is always Royal Host with about 17million shares issued and outstanding and they already own some Innvest units along with a few other REITS.  Their portfolio is not as good as ours but for the current price and the small number of shares, Innvest could pick this operation up for less than $50million and get rid of the garbage; keep the better properties or renovate and rebrand others.  There is some potential in their hotel portfolio and given that Royal has converted to a corporation and not paying much out as dividends, it might be worth looking at.  Just a thought.
Bullboard Posts