Summit Hotel Properties, Inc. Announces Management Changes
January 18, 2017 at 04:35 pm EST
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Summit Hotel Properties, Inc. announced that the board of directors has appointed president and chief executive officer, Daniel P. Hansen, to the additional post of chairman of the board. Mr. Hansen succeeds Thomas W. Storey who will remain on the board as a director. The company also announced that Jeffrey W. Jones has been appointed to lead independent director, succeeding Dr. Bjorn Hanson, who will also remain on the board as a director and will continue his role as chair of the nominating and corporate governance committee. Mr. Jones will also continue his role as chair of the audit committee. Mr. Hansen has served as the company's president and chief executive officer and been a member of the board since the company's formation in 2010. He also serves on the board of the American Hotel and Lodging Association and is a member of multiple advisory councils for brand companies in the lodging industry.
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. 
