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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

Comment by Beabaggageon Jul 16, 2014 6:41pm
160 Views
Post# 22752996

RE:RE:RE:RE:RE:RE:Hmm, no news yet regarding Debenture Holder meeting?

RE:RE:RE:RE:RE:RE:Hmm, no news yet regarding Debenture Holder meeting?haven't looked at this co for a while, again I got out maybe too soon at $5..anyhoo see the deb holders did not go along, company had to increase the offer... still awful imo as these debs have the most potential for conversion, diluting mgmt. stake, so they want that off the table.. good for deb holders who said no way! it is nice when the hedgies bring up a price like they did for me from 3.95 to 5plus now, but then when they focus on financial shenanigans and manipulations instead of growing co, revpar etc, time to get out, it is hard to win. with Hilton and La Quinta now public in US, maybe they takeover this mess.
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