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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 11, 2011 3:53pm
249 Views
Post# 18273180

4thQ Report for 2010

4thQ Report for 2010The teleconference was apparently cancelled at the last moment but what did you think about the actual statement.  Apparently, the Toronto and GTA really picked.  I haven't had that much time yet to go over it but it seems the reorganization into a Stapled REIT, plus renovations at several large hotels in Alberta and Quebec ate into their margins etc otherwise, results, wouldn't have been too bad for this time of the year.  They would have been nicely cash-flow positive for what is typically the slowest part of the year.  I have to review the document more closely.
Bullboard Posts