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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

Post by HCI_STEELon Jul 18, 2014 11:25am
205 Views
Post# 22759394

Guess they couldn't convince Deb holders now 7.50

Guess they couldn't convince Deb holders now 7.50 Just received another proxy to vote for debs. Like me, I guess they weren't convincing enough to get support. So they are now offering to go from 5.75% to 6.25% and instead of the old conv price of 5.80 going to 8.00, they've dropped it to 7.50. Still voting no,
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