INN News and Press, Summit Hotel Properties Inc. From 10/22/18

According to Wells Fargo Research, there are currently 5.27MM hotel rooms in the U.S. with approximately 188,000 rooms under construction and 614,000 rooms in the active development pipeline (construction starts over a year from now up to those under construction). The active development...

NEW YORK, Oct. 15, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of Neurocrine Biosciences, Inc. (NASDAQ:NBIX), SS&C Technologies Hold...

NEW YORK, Oct. 11, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of Eaton Vance Corporation (NYSE:EV), The AES Corporation (NYSE:AES), Sum...

As a financial analyst, I sometimes feel like I'm a basketball scout in search of the next LeBron James in the REIT sector. Just over a year ago, I wrote an article on Hersha Hospitality ( HT ) explaining that the company was a " prime-time player ". Then, earlier this year, I wrote on Her...

I'm sure you've heard the phrase, "how do you like them apples?", that's a phrase used to gloat or upset someone. In all senses, this phrase acts as a rhetorical question and, in some cases, could be even be considered arrogant or egotistical. However, I am using the phrase as my title to th...

AUSTIN, Texas , Oct. 8, 2018 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it will report financial results for the third quarter of 2018 on Tuesday, October 30, 2018 , after the market closes. The Company will conduct its q...

Summit Hotel Properties ( INN +0.4% ) announced it has completed the acquisition of the 150-guestroom Residence Inn by Marriott Boston Watertown for purchase price of $71M. The company estimates a capitalization rate of 8.1% and contribution of ~$1.7M of EBITDAre through the remainder of...

AUSTIN, Texas , Oct. 1, 2018 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") reported today that it has completed the acquisition of the 150-guestroom Residence Inn by Marriott Boston Watertown and the previously announced sale of the 148-guestroom Hyatt Pla...

REIT Rankings: Hotels In our REIT Rankings series, we analyze each of the major real estate sectors. We rank REITs within the sectors based on both common and unique valuation metrics, presenting investors with numerous options that fit their own investing style and risk/return objective...

Real Estate Weekly Review A relatively tranquil week in US equity markets was truncated on Friday amid a continuing currency crisis in emerging markets as the Turkish lira plunged more than 10%. Investors fled EM assets into safe-haven US Treasuries, sending the 10-Year yield below 2.90% a...