INN News and Press, Summit Hotel Properties Inc. From 11/03/20

Summit Hotel Properties Reports Third Quarter 2020 Results PR Newswire AUSTIN, Texas, Nov. 3, 2020 AUSTIN, Texas , Nov. 3, 2020 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), today announced results for the third quarter ended Se...

U.S. equity markets plunged by the most since March this week as a strong slate of economic data and corporate earnings was overwhelmed by pre-election jitters and amplified coronavirus concerns. A cascading wave of lockdowns across Europe rattled global equity markets while narrowing...

Summit Hotel Properties Declares Third Quarter 2020 Preferred Dividends PR Newswire AUSTIN, Texas, Oct. 30, 2020 AUSTIN, Texas , Oct. 30, 2020 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), announced today that its Board of Di...

Did the rent get paid? We're at the halfway-point of another newsworthy REIT earnings season. Results thus far have been better-than-expected as dividend cuts have given way to dividend boosts. After 63 equity REITs and 32 mortgage REITs cut dividends in Q2, just three REITs have anno...

U.S. equity markets were mixed this week as better-than-expected economic data and strong corporate earnings results were offset by continued coronavirus concerns and frustration over the ongoing stimulus stalemate. Snapping a three-week winning streak, the S&P 500 ended the ...

Who paid the rent? Real estate earnings season kicks off this week with more than 200 REITs and housing industry companies reporting earnings over the next month. Rent collection - a metric that was rarely reported in the pre-COVID-19 era - has become the most critical statistic track...

Summit Hotel Properties Announces Third Quarter 2020 Earnings Release Date PR Newswire AUSTIN, Texas, Oct. 1, 2020 AUSTIN, Texas , Oct. 1, 2020 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it will report finan...

"No vacancy" becomes "no occupancy." Hotel REITs - along with the global leisure and tourism industry - have been decimated by the coronavirus pandemic, plunging more than 50% this year. Following a record year for the industry in 2019, hotels REITs reported occupancy rates below 20% ...

Bank of America lowers Choice Hotels International (CHH) to an Underperform from Neutral. BofA on CHH: "Management has executed and CHH’s franchised/leisure model led to relatively low levels of volatility in its business model, while its franchisees remain healthy. That said, dur...

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...