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SUMMIT HOTEL PROPERTIES COMPLETES $600 MILLION CREDIT FACILITY REFINANCING PR Newswire AUSTIN, Texas , June 22, 2023 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it has successfully completed the refinancing ...
SUMMIT HOTEL PROPERTIES ANNOUNCES SECOND QUARTER 2023 EARNINGS RELEASE DATE PR Newswire AUSTIN, Texas , June 21, 2023 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it will report financial results for the seco...
2023-06-05 07:00:26 ET Summit Hotel Properties ( NYSE: INN ) has completed the acquisition of the 120-guestroom Residence Inn Scottsdale North for $29.0M through its joint venture with GIC. Additionally, the Company is providing an update on previously announced disposition activi...
SUMMIT HOTEL PROPERTIES PROVIDES TRANSACTION UPDATE PR Newswire Joint Venture with GIC Completes Acquisition of Residence Inn Scottsdale North Four-Hotel Portfolio Sale Completed for $28.1 Million AUSTIN, Texas , June 5, 2023 /PRNewswire/ -- S...
2023-05-28 11:40:00 ET Summary Summit Hotel Properties is a hotel REIT. About half of its properties are leased to Marriott. The first quarter was pretty good for Summit, and the full-year AFFO guidance looks promising. The REIT would only need 11-12.5% of the pre-dividend AFF...
2023-05-26 10:49:07 ET Summary The company reported its 2023 Q1 earnings, improving on virtually all metrics. Management declared a 50% increase in its quarterly dividends, though the payout ratio remains low. Shares are currently trading at a discount to book value. ...
2023-05-24 10:00:00 ET Summary Despite lingering recession concerns, hotel REITs are pacing for a second-straight year of outperformance after punishing early-pandemic declines, buoyed by steady post-pandemic operating improvement and the long-awaited return of dividends. The fina...
SUMMIT HOTEL PROPERTIES AWARDED BEST RENOVATION AT HYATT'S 2023 AMERICAS OWNERS CONFERENCE PR Newswire AUSTIN, Texas , May 17, 2023 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") is proud to announce that it has been recognized as the B...
2023-05-06 17:05:20 ET Summit Hotel Properties, Inc. (INN) Q1 2023 Results Conference Call May 04, 2023 09:00 AM ET Company Participants Adam Wudel - Senior Vice President of Finance, Capital Markets and Treasurer Jon Stanner - President and Chief Executive Officer ...
2023-05-03 16:53:12 ET Summit Hotel press release ( NYSE: INN ): Q1 FFO of $0.22 beats by $0.02 . Revenue of $182.38M (+28.6% Y/Y) beats by $2.81M . Adjusted FFO per Diluted Unit $0.92 to $1.05, vs. consensus of $0.97 For further details see: Summit H...
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SUMMIT HOTEL PROPERTIES REPORTS SECOND QUARTER 2024 RESULTS PR Newswire Net Income Increases to $30.8 Million for Second Quarter 2024 Adjusted EBITDAre Grows 6% to Reach All-Time Quarterly Record High of $55.9 Million Adjusted FFO Increases 10% to $0....
SUMMIT HOTEL PROPERTIES DECLARES SECOND QUARTER 2024 DIVIDENDS PR Newswire AUSTIN, Texas , July 25, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), announced today that its Board of Directors has authorized, and the Company has dec...
SUMMIT HOTEL PROPERTIES ANNOUNCES SECOND QUARTER 2024 EARNINGS RELEASE DATE PR Newswire AUSTIN, Texas , June 24, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it will report financial results for the seco...