INN News and Press, Summit Hotel Properties Inc. From 01/06/21

Summit Hotel Properties, Inc. Launches Public Offering of Convertible Senior Notes Due 2026 PR Newswire AUSTIN, Texas , Jan. 6, 2021 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it has launched an underwritte...

Summit Hotel has seen strong improvements to its operating metrics since the depths of the pandemic. It's now profitable at the hotel property level, and I see a path to overall profitability at the company level. Summit's select service model is an advantage, and the company has ...

It was poised to be a dark winter for the hotel industry, which has experienced a "double-dip" in occupancy over the last month amid the "second wave" of the outbreak. Vaccine Hope: The faster-than-expected approval of a coronavirus vaccine has thrown a much-needed lifeline to the str...

High-Yield equity REITs have regularly underperformed. We expect that trend to continue over the next decade. REITs with high yields, low FFO multiples, and weak balance sheets have regularly underperformed. Instead of focusing on those negative-growth REITs, consider a REIT with ...

Summit Hotel Properties (INN) announced that Dan Hansen, Chairman, President and CEO will transition to the role of Executive Chairman of the Board of Directors effective January 15, 2021.Summit has elected Jonathan Stanner, current EVP, CFO and Treasurer, to become President a...

Summit Hotel Properties Announces Leadership Transition AUSTIN, Texas , Dec. 17, 2020 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that Dan Hansen , Chairman, President and Chief Executive Officer will transition to t...

Investors in REITs need to consider their alternatives. To make it easier, we’re adding an index of charts for several metrics. Many investors believe that demanding a high-return, often through dividend yield is enough to get it. They can demand until they are blue in the face...

Gainers: [[OBLN]] +81%. [[MRIN]] +9.8%. [[FATE]] +8.8%. [[CRNX]] +6.7%. [[PROG]] +6.1%.Losers: [[HX]] -6.2%. [[INN]] -6.2%. [[RIDE]] -5.6%. [[MBIO]] -4.4%. [[EVK]] -3.8%. For further details see: RIDE, FATE, MBIO and MRIN among after-hours movers

Summit Hotel Properties Publishes Its Corporate Responsibility Report For 2019 PR Newswire AUSTIN, Texas, Nov. 17, 2020 AUSTIN, Texas , Nov. 17, 2020 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it has pu...

U.S. equity markets climbed to record-highs this past week on positive trial results for a COVID-19 vaccine, a potentially major breakthrough hailed as a "great day for science and humanity." Adding to its 7% post-election surge, the S&P 500 gained 2.3% this past week to...