Stock INN SUMMIT HOTEL PROPERTIES, INC.
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Company Summit Hotel Properties, Inc.

Equities

INN

US8660821005

Specialized REITs

Market Closed - Nyse
Other stock markets
 04:00:02 2024-04-25 pm EDT 		5-day change 1st Jan Change
6.07 USD -3.19% Intraday chart for Summit Hotel Properties, Inc. -1.14% -9.67%
Apr. 22 BofA Securities Lowers Summit Hotel Properties Price Objective to $6.50 from $7.50 MT
Apr. 05 Lodging REIT Quarterly Results Likely Benefitted From Upper Upscale Chain Strength, Oppenheimer Says MT

Business Summary

Summit Hotel Properties, Inc. is a real estate investment trust. The Company is focused on owning premium-branded lodging properties with operating models primarily in the upscale segment of the lodging industry. Its portfolio consists of approximately 99 assets, 56 of which are wholly owned, with a total of 14,785 guestrooms located in 24 states. Its properties are located in markets with multiple demand generators, such as corporate offices and headquarters, retail centers, airports, state capitols, convention centers, universities, and leisure attractions. Its guestrooms operate under franchise brands owned by Marriott International, Inc. (Marriott), Hilton Worldwide (Hilton), Hyatt Hotels Corporation (Hyatt), and InterContinental Hotels Group (IHG). It holds both general and limited partnership interests in Summit Hotel OP, LP (the Operating Partnership). Substantially, all of its assets are held by, and all of its operations are conducted through, the Operating Partnership.

Number of employees: 78

Sales per Business

USD in Million2022Weight2023Weight Delta
Room
89.1 %
609 90.2 % 656 89.1 % +7.66%
Food and Beverage
5.6 %
32 4.8 % 42 5.6 % +29.26%
Other
5.2 %
34 5.1 % 39 5.2 % +12.70%

Sales per region

USD in Million2022Weight2023Weight Delta
United States
100.0 %
676 100.0 % 736 100.0 % +8.94%

Managers

Managers TitleAgeSince
Jonathan Stanner CEO
 Chief Executive Officer 43 17-04-16
William Conkling DFI
 Director of Finance/CFO 49 21-05-16
Adam Wudel PRN
 Corporate Officer/Principal - 08-10-31
Christopher Eng LAW
 General Counsel 53 10-06-29
Paul Ruiz AUD
 Comptroller/Controller/Auditor 58 14-03-31

Members of the board

Members of the board TitleAgeSince
Hope Taitz BRD
 Director/Board Member 59 17-07-09
Kenneth Kay BRD
 Director/Board Member 69 14-07-15
Bjorn Hanson BRD
 Director/Board Member 72 11-01-31
Thomas Storey BRD
 Director/Board Member 67 11-01-31
Jonathan Stanner CEO
 Chief Executive Officer 43 17-04-16
Mehul Patel BRD
 Director/Board Member 48 22-01-12
Jeffrey Jones CHM
 Chairman 62 14-07-15
Amina Porter BRD
 Director/Board Member 40 21-04-30

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 0 6,400,000 0 0 97.06 %
Stock B 1 107,593,373 104,428,779 ( 97.06 %) 0

Shareholders

NameEquities%Valuation
BlackRock Advisors LLC
18.07 %
19,446,921 18.07 % 127 M $
Vanguard Fiduciary Trust Co.
13.65 %
14,691,296 13.65 % 96 M $
STATE STREET CORPORATION
6.496 %
6,989,070 6.496 % 45 M $
H/2 Credit Manager LP
4.657 %
5,010,631 4.657 % 33 M $
Jennison Associates LLC
4.627 %
4,977,915 4.627 % 32 M $
Teachers Advisors LLC
3.527 %
3,794,381 3.527 % 25 M $
Morgan Stanley Investment Management, Inc.
2.538 %
2,731,140 2.538 % 18 M $
Geode Capital Management LLC
2.390 %
2,571,695 2.390 % 17 M $
Victory Capital Management, Inc. (Investment Management)
2.220 %
2,388,411 2.220 % 16 M $
Merrill Lynch International
2.166 %
2,330,904 2.166 % 15 M $
NameEquities%Valuation
Apollo Real Estate Fund Adviser LLC
1.030 %
41,196 1.030 % 806 206 $
Grace & White, Inc.
0.7472 %
29,889 0.7472 % 584 928 $
NameEquities%Valuation
Apollo Real Estate Fund Adviser LLC
2.430 %
155,500 2.430 % 3 M $
Grace & White, Inc.
0.6380 %
40,831 0.6380 % 839 894 $
NameEquities%Valuation
Newcrestimage Holdings LLC
93.22 %
14,906,084 93.22 % 97 M $
Mehul Patel
2.998 %
479,295 2.998 % 3 M $

Company contact information

Summit Hotel Properties, Inc.

13215 Bee Cave Parkway Suite B-300

78738, Austin

+512 538 2300

http://www.shpreit.com
address Summit Hotel Properties, Inc.(INN)

Sector

Real Estate
Real Estate
Residential & Commercial REITs
Specialized REITs
Hospitality REITs

Sales per Business

Ratings for Summit Hotel Properties, Inc.

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
6
Last Close Price
6.27 USD
Average target price
7.5 USD
Spread / Average Target
+19.62%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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