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BHR - Summit Hotel: With The New Acquisitions There Is Upside Potential
Braemar Hotels & Resorts Inc.
Summit Hotel (INN) appears to have more upside in the stock price than the downside. A simple DCF model with EV/EBITDA multiple of 8x-17x reveals ~100% upside and ~35% downside. Also, in October, with the new acquisition of four hotels, I expect that Summit Hotel Properties will increase its 2020 EBITDA. If the deal closes in Q4 2019, traders will probably push the share price up to higher marks.
Business Model, Strategy, And Current Amount Of Debt
Summit Hotel Properties develops midscale and upscale hotels in the United States. On December 31, 2018,