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Summit Hotel Properties saw its performance continuously improve during Q1. The REIT is digesting a large acquisition and hopefully this will boost the Q2 and Q3 earnings. I like the preferred shares as the dividend coverage ratio and asset coverage ratio appear to be strong. ...
Summit Hotel Properties (NYSE:INN) has completed the previously announced acquisition of the dual-branded 264-guestroom AC Hotel by Marriott & Element Miami Brickell. The Co.'s initial purchase option was based on a gross hotel valuation of $89M, or $337K per key. The Co. funded its 90% e...
Summit Hotel Properties Completes Acquisition of AC Hotel by Marriott & Element Miami Brickell for $89 Million Summit Hotel Properties Completes Acquisition of AC Hotel by Marriott & Element Miami Brickell for $89 Million PR Newswire AUSTIN, Texas , ...
Hersha Hospitality Trust has undergone some big changes recently in what will set the company up for a bright future. Shares are now fundamentally appealing if we assume that financial results will improve back to 2019 levels. Overall, investors would be wise to consider this pros...
Summit Hotel Properties Completes Sale of Hilton Garden Inn San Francisco Airport North for $75 Million PR Newswire AUSTIN, Texas , May 12, 2022 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it has completed t...
Summit Hotel Properties, Inc. (INN) Q1 2022 Earnings Conference Call May 4, 2022 9:00 AM ET Company Participants Adam Wudel - Senior Vice President of Finance, Capital Markets and Treasurer Jon Stanner - President and Chief Executive Officer Trey Conkling - Executive Vice President and Chief ...
Summit Hotel press release (NYSE:INN): Q1 FFO of $0.17 beats by $0.04. Revenue of $141.87M (+145.2% Y/Y) beats by $9.7M. For further details see: Summit Hotel FFO of $0.17 beats by $0.04, revenue of $141.87M beats by $9.7M
SUMMIT HOTEL PROPERTIES REPORTS FIRST QUARTER 2022 RESULTS PR Newswire Pro Forma RevPAR Increases 78%; 2019 RevPAR Recapture Rate Reaches New Quarterly High Completed the Acquisition of $822 Million 27-Hotel NewcrestImage Portfolio Accretive Transac...
Business travel has been a persistent sore spot for hotels and airlines throughout the pandemic. However, Baird is now betting that the trend is beginning to turn as travel emerges from a long COVID-induced winter. “Large technology, financial services firms have begun their return to ...
SUMMIT HOTEL PROPERTIES DECLARES FIRST QUARTER 2022 PREFERRED DIVIDENDS PR Newswire AUSTIN, Texas , April 29, 2022 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), announced today that its Board of Directors has authorized, and t...
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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...