INN News and Press, Summit Hotel Properties Inc. From 08/02/23

2023-08-02 17:55:24 ET Summit Hotel press release ( NYSE: INN ): Q2 FFO of $0.27 misses by $0.01 . Revenue of $194.49M (+6.1% Y/Y) beats by $2.03M . Adjusted EBITDAre decreased 3.1 percent to $52.9 million from $54.6 million in the second quarter of 2022. ...

SUMMIT HOTEL PROPERTIES REPORTS SECOND QUARTER 2023 RESULTS PR Newswire Pro Forma RevPAR Reaches New Post-Pandemic High The Nordic Lodge Steamboat Springs Acquired Through GIC Joint Venture AUSTIN, Texas , Aug. 2, 2023 /PRNewswire/ -- Summit Hotel...

2023-07-28 04:10:50 ET Summit Hotel ( NYSE: INN ) declares $0.06/share quarterly dividend , in line with previous. Forward yield 3.95% Payable Aug. 31; for shareholders of record Aug. 17; ex-div Aug. 16. See INN Dividend Scorecard, Yield Chart, & Dividend...

SUMMIT HOTEL PROPERTIES DECLARES SECOND QUARTER 2023 DIVIDENDS PR Newswire AUSTIN, Texas , July 27, 2023 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), announced today that its Board of Directors has authorized, and the Company has dec...

SUMMIT HOTEL PROPERTIES COMPLETES $600 MILLION CREDIT FACILITY REFINANCING PR Newswire AUSTIN, Texas , June 22, 2023 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it has successfully completed the refinancing ...

SUMMIT HOTEL PROPERTIES ANNOUNCES SECOND QUARTER 2023 EARNINGS RELEASE DATE PR Newswire AUSTIN, Texas , June 21, 2023 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it will report financial results for the seco...

2023-06-05 07:00:26 ET Summit Hotel Properties ( NYSE: INN ) has completed the acquisition of the 120-guestroom Residence Inn Scottsdale North for $29.0M through its joint venture with GIC. Additionally, the Company is providing an update on previously announced disposition activi...

SUMMIT HOTEL PROPERTIES PROVIDES TRANSACTION UPDATE PR Newswire Joint Venture with GIC Completes Acquisition of Residence Inn Scottsdale North Four-Hotel Portfolio Sale Completed for $28.1 Million AUSTIN, Texas , June 5, 2023 /PRNewswire/ -- S...

2023-05-28 11:40:00 ET Summary Summit Hotel Properties is a hotel REIT. About half of its properties are leased to Marriott. The first quarter was pretty good for Summit, and the full-year AFFO guidance looks promising. The REIT would only need 11-12.5% of the pre-dividend AFF...

2023-05-26 10:49:07 ET Summary The company reported its 2023 Q1 earnings, improving on virtually all metrics. Management declared a 50% increase in its quarterly dividends, though the payout ratio remains low. Shares are currently trading at a discount to book value. ...