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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 Oct 22, 2011 2:53pm
235 Views
Post# 19173246

Ladies and Gentlemen:

Ladies and Gentlemen:Those purchases by the Mangalji's have been reported here at least 3 or 4 times previously.  I have reported the 900,000 units myself at least twice.  So, read the filings carefully.  And by the way, they have considerable time to file their purchases so they may be buying again but we won't see the filings for a little bit.  The Mangalji's have never stopped buying.  They are very young guys with likely fortunes of money at their disposal.  I know that they have other hotel interests.  The units remain undervalued and any entry point under the price at which Flaherty made his edict, is good value investing.  I note that his riding keeps electing him to office in spite of the damage he has caused thousands of small investors who so dearly depended on these income trusts and who PAID their income tax on the income, something which Flaherty believes was insufficient and accounted for tremendous "leakage", as he put it.  What utter nonsense.  It has been reported by REIT-Watch that fewer people pay income tax now than what they did before by being invested in the market, particularly in these income producing vehicles.  I wonder if this man has a heart?
Bullboard Posts