Summit Hotel Properties, Inc. is a publicly traded real estate investment trust focused on owning premium-branded hotels with efficient operating models primarily in the Upscale segment of the lodging industry. As of November 3, 2020, the Company's portfolio consisted of 72 hotels, 67 of which are wholly owned, with a total of 11,288 guestrooms located in 23 states.
IPO Year: 2011
Exchange: NYSE
Website: shpreit.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/30/2025 | $5.00 | Underperform → Neutral | BofA Securities |
| 1/10/2024 | Peer Perform | Wolfe Research | |
| 1/12/2023 | $8.00 | Outperform → Neutral | Robert W. Baird |
| 9/15/2022 | $14.00 → $10.00 | Overweight → Equal Weight | CapitalOne |
| 7/14/2022 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 1/13/2022 | $11.00 → $12.00 | Overweight | Keybanc |
| 9/27/2021 | $12.00 → $11.00 | Buy → Underperform | B of A Securities |
| 8/13/2021 | $11.50 → $10.50 | Outperform | Raymond James |
4 - Summit Hotel Properties, Inc. (0001497645) (Issuer)
4 - Summit Hotel Properties, Inc. (0001497645) (Issuer)
4 - Summit Hotel Properties, Inc. (0001497645) (Issuer)
4 - Summit Hotel Properties, Inc. (0001497645) (Issuer)
4 - Summit Hotel Properties, Inc. (0001497645) (Issuer)
4 - Summit Hotel Properties, Inc. (0001497645) (Issuer)
4 - Summit Hotel Properties, Inc. (0001497645) (Issuer)
4 - Summit Hotel Properties, Inc. (0001497645) (Issuer)
4 - Summit Hotel Properties, Inc. (0001497645) (Issuer)
4 - Summit Hotel Properties, Inc. (0001497645) (Issuer)
Same Store RevPAR Increased 1.5% Completed $275 Million Delayed Draw Term Loan Financing; Proceeds to Fund February 2026 Convertible Notes Maturity $50 Million Share Repurchase Program Authorized AUSTIN, Texas, April 30, 2025 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) (the "Company"), today announced results for the three months ended March 31, 2025. "Our same-store portfolio RevPAR increased 1.5% during the first quarter and hotel EBITDA margin contracted less than 50 basis points compared to the prior year, reflecting our ability to effectively manage expenses in a low revenue growth environment. During the quarter, we also closed on a favorable $275 million term loan facili
AUSTIN, Texas, April 24, 2025 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) (the "Company"), announced today that its Board of Directors has authorized, and the Company has declared, a cash dividend for the first quarter ended March 31, 2025, of $0.08 per share of common stock of the Company and per common unit of limited partnership interest in Summit Hotel OP, LP, the Company's operating partnership. The Company's first quarter common dividend represents an annualized dividend yield of 8.2 percent based on the closing price of shares of the common stock on April 23, 2025.
AUSTIN, Texas, March 31, 2025 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) (the "Company") today announced that it has successfully closed on a new $275 million senior unsecured term loan (the "Term Loan"). The Company expects to utilize future proceeds from the Term Loan to repay the majority of the Company's outstanding $287.5 million 1.50% Convertible Senior Notes maturing in February 2026. The Term Loan includes a delayed draw feature available to the Company through March 1, 2026, that will enable the Company to preserve the attractive 1.50% interest rate on the Convertible Senior Notes through the scheduled maturity date.
AUSTIN, Texas, March 26, 2025 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) (the "Company") today announced that it will report financial results for the first quarter of 2025 on Wednesday, April 30, 2025, after the market closes. The Company will conduct its quarterly conference call on Thursday, May 1, 2025, at 9:00 AM ET. To access the conference call, please pre-register using this link. Registrants will receive a confirmation with dial-in details.A live webcast of the conference call can be accessed using this link. A replay of the webcast will be available in
Full Year Operating Income Increases to $103.5 million Full Year Adjusted EBITDAre Grows to $192.2 million; AFFO increases 5.6% to $0.96 per share Completed Over $200 Million of Accretive Transaction Activity in 2024 AUSTIN, Texas, Feb. 24, 2025 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) (the "Company"), today announced results for the three and twelve months ended December 31, 2024. "We are pleased with our fourth quarter and full-year 2024 financial results, driven by pro forma RevPAR growth that exceeded industry average growth for the third consecutive year,
AUSTIN, Texas, Feb. 20, 2025 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) (the "Company") today announced that its 2025 Annual Meeting of Stockholders will be held Wednesday, May 21, 2025, beginning at 8:00 a.m. Eastern Time. The meeting will be held at the Courtyard by Marriott Oceanside Fort Lauderdale Beach located at 440 Seabreeze Boulevard, Fort Lauderdale, Florida 33316. The meeting is open to all stockholders of record as of March 5, 2025. About Summit Hotel Properties Summit Hotel Properties, Inc. is a publicly traded real estate investment trust focused on
AUSTIN, Texas, Jan. 23, 2025 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) (the "Company"), announced today that its Board of Directors has authorized, and the Company has declared, a cash dividend for the fourth quarter ended December 31, 2024, of $0.08 per share of common stock of the Company and per common unit of limited partnership interest in Summit Hotel OP, LP, the Company's operating partnership. The Company's fourth quarter common dividend represents an annualized dividend yield of 4.8 percent based on the closing price of shares of the common stock on January 22, 2025.
AUSTIN, Texas, Jan. 9, 2025 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) (the "Company") today announced that it will report financial results for the fourth quarter and full year of 2024 on Monday, February 24, 2025, after the market closes. The Company will conduct its quarterly conference call on Tuesday, February 25, 2025, at 9:00 AM ET. To access the conference call, please pre-register using this link. Registrants will receive a confirmation with dial-in details.A live webcast of the conference call can be accessed using this link. A replay of the webcast wi
AUSTIN, Texas, Dec. 10, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) (the "Company"), through its joint venture with GIC, today announced that it is under contract to acquire the 250-guestroom Hampton Inn Boston - Logan Airport and the 149-guestroom Hilton Garden Inn Tysons Corner for a combined purchase price of $96.0 million, or $241,000 per key. The purchase price represents an 8.8% capitalization rate based on forecasted 2024 net operating income and no meaningful capital expenditures are planned prior to the fourth quarter of 2026. "We are excited to anno
Four Points San Francisco Airport Hotel Sold for $17.7 Million Subsequent to Quarter-End AUSTIN, Texas, Nov. 4, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) (the "Company"), today announced results for the three and nine months ended September 30, 2024. "We are pleased with our third quarter financial results highlighted by our third consecutive quarter of Adjusted FFO growth as our accretive capital recycling program strategy offset moderate top-line growth in the quarter, that was negatively affected by disruption from Hurricane Helene in September in severa
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BofA Securities upgraded Summit Hotel from Underperform to Neutral and set a new price target of $5.00
Wolfe Research initiated coverage of Summit Hotel with a rating of Peer Perform
Robert W. Baird downgraded Summit Hotel from Outperform to Neutral and set a new price target of $8.00
CapitalOne downgraded Summit Hotel from Overweight to Equal Weight and set a new price target of $10.00 from $14.00 previously
KeyBanc Capital Markets downgraded Summit Hotel from Overweight to Sector Weight
Keybanc reiterated coverage of Summit Hotel Properties with a rating of Overweight and set a new price target of $12.00 from $11.00 previously
B of A Securities downgraded Summit Hotel Properties from Buy to Underperform and set a new price target of $11.00 from $12.00 previously
Raymond James reiterated coverage of Summit Hotel Properties with a rating of Outperform and set a new price target of $10.50 from $11.50 previously
Raymond James reiterated coverage of Summit Hotel Properties with a rating of Outperform and set a new price target of $11.50 from $9.50 previously
Raymond James reiterated coverage of Summit Hotel Properties with a rating of Outperform and set a new price target of $11.50 from $9.50 previously
AUSTIN, Texas, Jan. 31, 2022 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) ("Summit" or the "Company") today announced that Craig J. Aniszewski, its Executive Vice President and Chief Operating Officer, plans to retire from the Company on March 1, 2022. In his 25 years with Summit and its predecessor, Mr. Aniszewski has been integral to the Company's success through his leadership of Summit's operations, design and construction functions. Jonathan P. Stanner, the Company's President and Chief Executive Officer, noted, "I want to sincerely thank Craig for his trem
AUSTIN, Texas, Dec. 7, 2021 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) (the "Company") today announced that Dan Hansen will retire from his role as the Company's Executive Chairman effective December 31, 2021. Mr. Hansen will continue to serve on the Company's Board of Directors for the remaining term of his current nomination through the 2022 annual meeting of stockholders. Jeff Jones, currently the Company's Lead Independent Director, will assume the role of Non-Executive Chairman of the Board effective January 1, 2022. "It has been a tremendous privilege to
AUSTIN, Texas, April 13, 2021 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) (the "Company") today announced Ms. Amina Belouizdad will be appointed to the Company's Board of Directors (the "Board") effective May 13, 2021 following the annual meeting of the Company's stockholders. With the appointment, the Company's Board will increase to eight members, six of whom being independent, including Ms. Belouizdad. Ms. Belouizdad will sit on the Board's Nominating and Corporate Governance and Compensation Committees. "On behalf of the Board of Directors and the Summit exec
Same Store RevPAR Increased 1.5% Completed $275 Million Delayed Draw Term Loan Financing; Proceeds to Fund February 2026 Convertible Notes Maturity $50 Million Share Repurchase Program Authorized AUSTIN, Texas, April 30, 2025 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) (the "Company"), today announced results for the three months ended March 31, 2025. "Our same-store portfolio RevPAR increased 1.5% during the first quarter and hotel EBITDA margin contracted less than 50 basis points compared to the prior year, reflecting our ability to effectively manage expenses in a low revenue growth environment. During the quarter, we also closed on a favorable $275 million term loan facili
AUSTIN, Texas, April 24, 2025 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) (the "Company"), announced today that its Board of Directors has authorized, and the Company has declared, a cash dividend for the first quarter ended March 31, 2025, of $0.08 per share of common stock of the Company and per common unit of limited partnership interest in Summit Hotel OP, LP, the Company's operating partnership. The Company's first quarter common dividend represents an annualized dividend yield of 8.2 percent based on the closing price of shares of the common stock on April 23, 2025.
AUSTIN, Texas, March 26, 2025 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) (the "Company") today announced that it will report financial results for the first quarter of 2025 on Wednesday, April 30, 2025, after the market closes. The Company will conduct its quarterly conference call on Thursday, May 1, 2025, at 9:00 AM ET. To access the conference call, please pre-register using this link. Registrants will receive a confirmation with dial-in details.A live webcast of the conference call can be accessed using this link. A replay of the webcast will be available in
Full Year Operating Income Increases to $103.5 million Full Year Adjusted EBITDAre Grows to $192.2 million; AFFO increases 5.6% to $0.96 per share Completed Over $200 Million of Accretive Transaction Activity in 2024 AUSTIN, Texas, Feb. 24, 2025 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) (the "Company"), today announced results for the three and twelve months ended December 31, 2024. "We are pleased with our fourth quarter and full-year 2024 financial results, driven by pro forma RevPAR growth that exceeded industry average growth for the third consecutive year,
AUSTIN, Texas, Jan. 23, 2025 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) (the "Company"), announced today that its Board of Directors has authorized, and the Company has declared, a cash dividend for the fourth quarter ended December 31, 2024, of $0.08 per share of common stock of the Company and per common unit of limited partnership interest in Summit Hotel OP, LP, the Company's operating partnership. The Company's fourth quarter common dividend represents an annualized dividend yield of 4.8 percent based on the closing price of shares of the common stock on January 22, 2025.
AUSTIN, Texas, Jan. 9, 2025 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) (the "Company") today announced that it will report financial results for the fourth quarter and full year of 2024 on Monday, February 24, 2025, after the market closes. The Company will conduct its quarterly conference call on Tuesday, February 25, 2025, at 9:00 AM ET. To access the conference call, please pre-register using this link. Registrants will receive a confirmation with dial-in details.A live webcast of the conference call can be accessed using this link. A replay of the webcast wi
Four Points San Francisco Airport Hotel Sold for $17.7 Million Subsequent to Quarter-End AUSTIN, Texas, Nov. 4, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) (the "Company"), today announced results for the three and nine months ended September 30, 2024. "We are pleased with our third quarter financial results highlighted by our third consecutive quarter of Adjusted FFO growth as our accretive capital recycling program strategy offset moderate top-line growth in the quarter, that was negatively affected by disruption from Hurricane Helene in September in severa
AUSTIN, Texas, Oct. 24, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) (the "Company"), announced today that its Board of Directors has authorized, and the Company has declared, a cash dividend for the third quarter ended September 30, 2024, of $0.08 per share of common stock of the Company and per common unit of limited partnership interest in Summit Hotel OP, LP, the Company's operating partnership. The Company's third quarter common dividend represents an annualized dividend yield of 5.2 percent based on the closing price of shares of the common stock on October 23, 2024.
AUSTIN, Texas, Sept. 23, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) (the "Company") today announced that it will report financial results for the third quarter of 2024 on Monday, November 4, 2024, after the market closes. The Company will conduct its quarterly conference call on Tuesday, November 5, 2024, at 9:00 AM ET. To access the conference call, please pre-register using this link. Registrants will receive a confirmation with dial-in details.A live webcast of the conference call can be accessed using this link. A replay of the webcast will be available
AUSTIN, Texas, Sept. 11, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) (the "Company") today announced the publication of its annual Corporate Responsibility Report, which presents the Company's ongoing commitment to creating long-term shareholder value by investing responsibly, safeguarding the environment, and supporting its employees, communities, and other stakeholders. "I am pleased to share the continued progress we made in advancing our Environmental, Social, and Governance (ESG) program and initiatives over the past year. We recognize that the ESG la
8-K - Summit Hotel Properties, Inc. (0001497645) (Filer)
424B7 - Summit Hotel Properties, Inc. (0001497645) (Filer)
S-3ASR - Summit Hotel Properties, Inc. (0001497645) (Filer)
10-Q - Summit Hotel Properties, Inc. (0001497645) (Filer)
8-K - Summit Hotel Properties, Inc. (0001497645) (Filer)
DEFA14A - Summit Hotel Properties, Inc. (0001497645) (Filer)
DEF 14A - Summit Hotel Properties, Inc. (0001497645) (Filer)
8-K - Summit Hotel Properties, Inc. (0001497645) (Filer)
8-K - Summit Hotel Properties, Inc. (0001497645) (Filer)
10-K - Summit Hotel Properties, Inc. (0001497645) (Filer)