Summit Hotel Properties, Inc. Announces Management Changes
December 22, 2020 at 04:36 pm EST
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Summit Hotel Properties, Inc. (the “Company”) announced that Daniel P. Hansen, Chief Executive Officer will transition to the role of Executive Chairman of the Board of Directors effective January 15, 2021. The Company’s Board has elected Jonathan P. Stanner, the Company’s current Executive Vice President, Chief Financial Officer and Treasurer, to become Chief Executive Officer effective January 15, 2021. Mr. Hansen will work closely with Mr. Stanner on his transition to Chief Executive Officer and will assume the overall responsibilities of Executive Chairman, including continued collaboration with the Board and Summit’s executive team in the execution of the Company’s strategic plans.
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.
SUMMIT HOTEL PROPERTIES, INC. 
