INN News and Press, Summit Hotel Properties Inc. From 09/20/23

SUMMIT HOTEL PROPERTIES COMPLETES $200 MILLION JOINT VENTURE CREDIT FACILITY REFINANCING PR Newswire AUSTIN, Texas , Sept. 20, 2023 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that its joint venture with GIC, S...

SUMMIT HOTEL PROPERTIES PUBLISHES 2023 CORPORATE RESPONSIBILITY REPORT PR Newswire AUSTIN, Texas , Sept. 12, 2023 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced the publication of its annual Corporate Responsibility Repo...

2023-09-08 04:30:34 ET Summary Market is ignoring factors such as interest rate sensitivity, upside to par, call date, and risk shifting in pricing preferred stocks. Mispricing is evident in the relative pricing of hotel REIT preferred stocks with similar risk factors. Investo...

2023-08-29 13:02:15 ET Summary KSL Capital Partners has agreed to acquire Hersha Hospitality Trust in an all-cash deal valuing the company at around $1.4 billion. The deal offers significant immediate upside for common shareholders and preferred stockholders. Hersha Hospitalit...

2023-08-17 04:42:35 ET Summary Host Hotels & Resorts is a hotel REIT focused on upper upscale rooms. The company has shown a strong recovery since the pandemic and the guidance suggests HST will perform well going forward. I present my bullish analysis of the stock. ...

2023-08-15 11:30:00 ET Summary After covering the Winners of REIT Earnings Season last week, Part 2 of our Earnings Recap focuses on the worst-performing property sectors and common threads shared by these laggards. While there were upside standouts and some solid reports within t...

2023-08-10 15:23:24 ET Summary Nearly 200 U.S. REITs have reported second quarter earnings results over the past month, providing critical information on the state of the commercial and residential real estate industry. Of the 86 equity REITs that provide full-year Funds from Oper...

2023-08-09 17:34:53 ET Summary Summit Hotel Properties is a select-service hospitality REIT with a portfolio of 100 hotels and 15,000 rooms. The company has a conservative dividend payout ratio, with the potential for further increases. The company's stock is also undervalued ...

2023-08-06 22:01:04 ET Summit Hotel Properties, Inc. (INN) Q2 2023 Earnings Conference Call August 3, 2023 10:00 ET Company Participants Adam Wudel - Investor Relations Jon Stanner - President and Chief Executive Officer Trey Conkling - Executive Vice President a...

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. ...