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.

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Summit Hotel Properties Inc

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Post by 160kon Jun 22, 2011 6:12pm

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Post# 18752842

Interesting Globe article:

The Globe and Mail, Steve Ladurantaye in: Mon. June 20, 2011 release.

"Sale of Two Sutton Hotels Points to Reviving Industry".

2 Sutton Place Hotels were just sold and there are 2 others for sale one in Toronto and the other in Chicago. The article goes on to list all of the recent hotel sales and predicts that the market will soon make a stunning recovery for the hotel sector.

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