INN News and Press, Summit Hotel Properties Inc. From 09/08/20

In June, the U.S. hospitality industry stood out by posting strong job growth for the second month in a row. The Leisure and hospitality sector added 2.1 million jobs in June, according to the U.S. Bureau of Labor Statistics. The gains accounted for roughly 40 percent of the 4.8 million jobs...

Hotel REITs, the likes of Summit Hotel Properties ( INN ) have been strongly hit by stay-at-home measures as a result of the pandemic with April being the worst period in terms of demand. Hence, occupancy figures for the second quarter plus revenues obtained per room were down. On a more pos...

Its most recent look at hotel demand has BofA seeing steady recent improvement in revenue per available room - but also seeing a fall slowdown that has it cutting estimates for the second half and into 2021. More news on: Host Hotels & Resorts, Inc., Park Hotels & Resorts Inc., Peb...

Summit Hotel Properties, Inc. (INN) Q2 2020 Earnings Conference Call August 06, 2020, 10:00 AM ET Company Participants Adam Wudel - SVP of Finance Dan Hansen - Chairman, President and CEO Jon Stanner - EVP and CFO Conference Call Participants Michael Bellisario - Baird Ne...

Image source: The Motley Fool. Summit Hotel Properties Inc   (NYSE: INN) Q2 2020 Earnings Call Aug 6, 2020 , 10:00 a.m. ET Operator Continue reading

Summit Hotel (NYSE: INN ) : Q2 FFO of -$0.25 misses by $0.02 . More news on: Summit Hotel Properties, Inc., Earnings news and commentary, Financial stocks news, Read more ...

AUSTIN, Texas , Aug. 5, 2020 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), today announced results for the second quarter ended June 30, 2020 . "The lodging industry experienced an unprecedented decline in demand during the second quarter as th...

AUSTIN, Texas , July 29, 2020 /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 of $0.403125 per share of the Company's 6.45% Series D Cumulative Redee...

AUSTIN, Texas , July 13, 2020 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it will report financial results for the second quarter of 2020 on Wednesday, August 5, 2020 , after the market closes. The Company will con...

Source: ClearBridge Investments Editor's Note: The summary bullets for this article were chosen by Seeking Alpha Read more ...