INN News and Press, Summit Hotel Properties Inc. From 11/06/19

Image source: The Motley Fool. Summit Hotel Properties Inc   (NYSE: INN) Q3 2019 Earnings Call Nov 6, 2019 , 11:00 a.m. ET Operator Continue reading

AUSTIN, Texas , Nov. 5, 2019 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), today announced results for the quarter ended September 30, 2019 . "Our diversified portfolio of hotels continues to benefit from our leading asset management platform and th...

Summit Hotel (NYSE: INN ) is scheduled to announce Q3 earnings results on Tuesday, November 5th, after market close. The consensus FFO Estimate is $0.31 (-11.4% Y/Y) and the consensus Revenue Estimate is $133.52M (-6.2% Y/Y). Over the last 2 years, inn has beaten FFO estimates 75% of...

Beginning in 2019 we decided to pullback from the Lodging REIT sector by issuing an “underweight” recommendation. This doesn’t mean that we were avoiding the hotel landlords altogether, we simply opted to shirt our attention to the higher growth sectors like cell towers, d...

AUSTIN, Texas , Nov. 1, 2019 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), announced today that its Board of Directors has authorized, and the Company has declared, a cash dividend for the third quarter ended September 30, 2019 , of $0.18 per share of commo...

S ummary For those unfamiliar with this name, Pebblebrook Hotel Trust ( PEB ) is an upper-upscale lodging REIT owning 57 properties predominantly in key US coastal markets (94% 2018 EBITDA). Despite being smaller than close peers Host Hotels & Resorts ( HST ) and Park Hotels & R...

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...

Summit Hotel Properties (NYSE: INN ) agrees to acquire four hotels on the West Coast for $249M through its recently formed joint venture with GIC. More news on: Summit Hotel Properties, Inc., Financial stocks news, Merger & acquisition news, Read more ...

AUSTIN, Texas , Oct. 7, 2019 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it has entered into a definitive agreement to acquire four hotels located on the west coast for $249 million through its recently formed joint venture with GIC. Th...

AUSTIN, Texas , Oct. 2, 2019 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it will report financial results for the third quarter of 2019 on Tuesday, November 5, 2019 , after the market closes. The Company will conduct its q...