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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

Summit Hotel Properties Inc > Hmm, no news yet regarding Debenture Holder meeting?
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Comment by Jmarks1on Jul 17, 2014 2:09pm
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Post# 22756344

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

RE:RE:RE:RE:RE:RE:RE:Hmm, no news yet regarding Debenture Holder meeting?I've been in and out a few times myself. It's a bit strange to see the pps being held up so obviously ! 
I know the pps would likely drop if they quit buying, but why would Lov be buying up soo much if they didn't have a plan to make $$ off the $5.25 shares he keeps buying?
Im thinking this new offer is more palatable to owners, hence the latest NR.
Personaly I can't think of a situation where Lov and the boys are willing to spend millions of $$ only to see the price drop! 
Heck if it me I would have dropped the pps and let the convertible holders beg me to change the conditions. 
I'm still buying on dips, which aren't happening as much lately, as I anticipate something happening around the $5.75 mark.
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