Summit Hotel Properties, Inc. (NYSE: INN) (the “Company”) today
announced the three recently acquired Southern California assets have
transitioned and are now managed by Pillar Hotels & Resorts.
“We are delighted to expand our relationship with Pillar,” said Craig
Aniszewski, Executive Vice President and Chief Operating Officer of
Summit Hotel Properties. “We are confident the combination of experience
and expertise among their team and our asset management team will help
drive continued performance improvements while capturing the embedded
growth among these properties and creating shareholder value.”
The Company previously had four hotels under Pillar Hotels & Resorts
management. Pillar will now manage seven hotels with a total of 719
guestrooms for the Company.
About Summit Hotel Properties
Summit Hotel Properties, Inc. is a publicly-traded real estate
investment trust focused primarily on acquiring and owning
premium-branded select-service hotels in the upscale and upper midscale
segments of the lodging industry. As of July 11, 2014, the Company’s
portfolio consisted of 90 hotels with a total of 11,353 guestrooms
located in 22 states.
For additional information, please visit the Company’s website, www.shpreit.com
and follow on Twitter at @SummitHotel_INN.
For additional information on Pillar Hotels & Resorts, please visit www.PillarHotels.com.
Copyright Business Wire 2014