Finance
Summit Hotel Properties Sees $19M Q1 Loss
AUSTIN, TX—Summit Hotel Properties Inc. reported a loss of $19 million for the first quarter of 2020. “Over the past…
Summit Hotel Properties
Acquisitions
Summit to Acquire Four West Coast Hotels For $249M
AUSTIN, TX—Summit Hotel Properties Inc. has entered into a definitive agreement to acquire four hotels located on the West Coast…
Acquisitions
Seven Hotel Transactions to Know
NATIONAL REPORT—Hotel Business is tracking transactions. SAK Developers, McNeill, Lightstone, Summit Hotel Properties, SG Blocks, MCR and HREC have been involved in hotel deals. Here…
Acquisitions
Who Is Buying, Selling, or Financing?
INTERNATIONAL REPORT—Hotel Business is tracking mergers and acquisitions as well as other transactions in the industry. Here’s a look at…
Brands
Best Western Debuts Vib Brand in U.S.; More Openings
NATIONAL REPORT—Best Western has launched its new boutique brand in Springfield, MO; Hampton Inn brings its new prototype to Baltimore;…
Acquisitions
Buying & Selling: Hotels Change Hands
INTERNATIONAL REPORT—From hotel portfolios to independent hotels, buyers and sellers are closing deals. Here’s a look at some recent transactions:…
Summit Hotel Properties Appoints Independent Director
AUSTIN, TX—Summit Hotel Properties Inc. has appointed Hope Taitz to the company’s board of directors, which now includes six members,…
Ownership
Summit Hotel Properties Completes $163M, 5-Hotel Portfolio Acquisition
AUSTIN, TX—Summit Hotel Properties Inc. has completed the 812-guestroom, five-hotel portfolio acquisition from Xenia Hotels & Resorts Inc. for a…
Ownership
Summit Completes Acquisition of Courtyard by Marriott Charlotte City Center
AUSTIN, TX—Summit Hotel Properties Inc. has completed the acquisition of the 181-guestroom Courtyard by Marriott Charlotte City Center for a…
Summit Hotel Properties Names EVP, Chief Investment Officer
AUSTIN, TX—Summit Hotel Properties Inc. has appointed Jonathan P. Stanner as EVP and chief investment officer, effective April 17. He…