Summit Hotel Properties Inc (INN.PR.E)
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Summit Hotel Properties Inc Profile
| Hotel & Resort REITs Industry | Real Estate Sector | Jonathan Stanner CEO | NYSE Exchange | - ISIN |
| US Country | 78 Employees | 13 Feb 2026 Last Dividend | - Last Split | 9 Feb 2011 IPO Date |
Overview
Summit Hotel Properties, Inc. is a distinguished real estate investment trust (REIT) that specializes in the acquisition and operation of premium-branded lodging facilities. This company stands out in the real estate sector for its focus on properties that operate efficiently within the upscale segment of the lodging industry. With its shares publicly traded, Summit Hotel Properties, Inc. integrates strategic investment decisions with a keen focus on locations and brands that promise a higher return on investment. As of November 1, 2023, the company boasts a comprehensive portfolio of 101 assets. This includes 57 wholly owned properties, encompassing a total of 15,035 guestrooms spread across 24 states. This extensive reach and specialized focus showcase the company's significant footprint in the upscale lodging market, underlining its commitment to growth and value creation for its stakeholders.
Products and Services
- Wholly Owned Properties
Summit Hotel Properties, Inc. owns 57 premium-branded lodging properties outright. This portfolio of wholly owned properties emphasizes the company's strategic investment in the upscale segment of the lodging industry. By focusing on owning these assets, Summit Hotel Properties can directly oversee operations, ensuring high standards of quality and service that are synonymous with premium lodging experiences. This direct control also allows for efficient operational models tailored to each property, optimizing profitability and guest satisfaction.
- Geographically Diverse Portfolio
The company boasts a significant portfolio of 101 assets spread across 24 states. This geographical diversity is a key strength, mitigating risks associated with economic downturns in any single region. By maintaining a presence in a wide variety of markets, Summit Hotel Properties ensures a broad base of revenue sources. This strategic spread across different states also enables the company to capitalize on regional tourism and business travel trends, adjusting its market strategies accordingly to optimize occupancy rates and revenue.
