Summit Hotel Properties, Inc. announced that Gregory A. Dowell, its EVP and Chief Financial Officer, plans to retire from the Company on March 31, 2018. Mr. Dowell has been with Summit for over three years and has led the Company's finance and accounting functions through periods of substantial growth and improvement. He has played a key role in the long-term succession planning for the Company and will continue to work closely with his successor during the upcoming transition period.

Jonathan P. Stanner, EVP and Chief Investment Officer, will succeed Mr. Dowell as EVP and Chief Financial Officer, effective March 31, 2018. Mr. Stanner joined the Company in April 2017 and has become an integral member of the management team. Prior to joining Summit, he held various positions at Strategic Hotels and Resorts, including the role of CFO.

Mr. Stanner will continue to oversee the Company's investment activities following the transition.