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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 Jan 09, 2012 7:04pm
333 Views
Post# 19384101

RE: rapid_fire_:

RE: rapid_fire_:

The best play was/is Innvest!  In my opinion, it is grossly oversold and undervalued and today hit 4.60$ with nice volume.  MY view is that Innvest is a pure buy and hold and nice-return investment "play" with little to really worry about.  When you sell, you are left with the conundrum of where to go next.  In MY mind again, its like sitting on your house and then deciding to sell and take that huge bundle of equity built up over decades.  But then where do you go with it?  Unless you are prepared to buy down and take a chunk of that equity out for yourself, then you really are back at square one.  If you really don't "have" to sell then don't.  Again that is only MY opinion.  It is like gold.  I sold some beautiful pieces of rare coins in both gold and silver in the 1979-1980 run-up to 800$/oz////50$/oz silver thinking that we would NEVER see those valuations again.  I really had no business selling them and I surely didn't have to.  Today, I am eating myself up for doing it because not only could I get triple their numismatic value today plus the double on the gold valuation but the pieces were really rare in some cases and in other cases, pieces which should be left in the family.  I didn't have to and I did out of greed, purely.  Of course I don't have a crystal ball so at the time, it seemed like a good opportunity.  But now I regret doing it over and over again.  One piece was a solid gold Canadian-minted sovereign with a mintage of under 100,000 pieces.  Those minted in Britain are not as valuable as the those few minted in Canada at that time (early 1900).  And there was more that I sold that I shouldn't have and wished today that I hadn't.  The real killer on the sovereign is that it was found in a roll of pennies!!!!!!  So, it cost me 1cent.  I could go on and it seems some of us are destined to just keep making bad decisions.

 

As far as your son is concerned..how old is he?  Yesterday, the FAN Radio 590 in Toronto held an on-air interview with the Blue Jays Manager.  The interview was very comprehensive and thorough.  He said that the only position that he feels that the Jays will actively seek out and pay big money for is left field.  He feels that they are very well positioned at all other positions.  Can your son play left field given that you said that he plays 3rd base?  When the Jays come back from the pre-season grapefruit league play in Florida, they often continue trying out prospects here in Toronto at the Skydome.  He said that he feels that the Jays are close now to being contenders again for some time to come once the few holes are filled.  Their AAA farm teams are in Nevada...you know, the infamous AREA 51'ers and I can't recall the other but in any case if your son made the Triple A , he would be on his way.  I guess what I am saying is that if he could get here and request a "walk-on" or a try-out, which the Jays do permit, maybe he could impress them as a potential down-the-road prospect.  The Jays are close now, believe me and with Rogers the owners, they will eventually open up Fort Rogers and start spending those cell-phone and cable-tv dollars.  Players want to come here and they don't dismiss Toronto out-of-hand anymore knowing full well how close we are with players like Battista and Lind etc.  You can continue our conversation via my in-box if you want.  I have a few equities that I think you may be interested in and they pay very well given that they are common shares.  There are still many great values out there as the vast majority of investor(s)/money still sits parked on the sidelines waiting for written guarantees that the "future is ours to keep cecera..cera" (The King and I) .  Nice win over Boston for the Canucks the other night.  Players Association playing posturing and playing "politics" with the league and the fans by refusing to endorse realignment.....they will...it makes too much sense and it would be good for everyone.  So let's let them have their moment in the sun and be the "kingmakers", sort of speak, and then we can go back to where we were before they felt left out.  I see Innvest at $5.00 before the summer.  160K

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