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Summit Hotel Properties Inc (INN.N)

INN.N on New York Stock Exchange

15.46USD
16 Jan 2018
Change (% chg)

$0.18 (+1.18%)
Prev Close
$15.28
Open
$15.33
Day's High
$15.63
Day's Low
$15.33
Volume
464,826
Avg. Vol
223,210
52-wk High
$19.38
52-wk Low
$14.23

Latest Key Developments (Source: Significant Developments)

Summit Hotel Properties announces CFO succession plan
Monday, 13 Nov 2017 

Nov 13 (Reuters) - Summit Hotel Properties Inc ::Summit Hotel Properties announces CFO succession plan.Says CFO Gregory A. Dowell to retire.Summit Hotel Properties - Jonathan Stanner to succeed CFO Greg Dowell in 2018​.  Full Article

Summit Hotel Properties reports Q3 adjusted FFO per share $0.35
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Summit Hotel Properties Inc :Summit Hotel Properties Inc reports third quarter 2017 results.Q3 adjusted FFO per share $0.35.Summit Hotel Properties Inc qtrly ‍pro forma RevPAR increased 1.2 percent to $119.13 from same period in 2016​.Summit Hotel Properties Inc - qtrly ‍same-store RevPAR grew to $115.04, an increase of 0.6 percent from same period in 2016​.Summit Hotel Properties Inc qtrly ‍ffo per share $0.33​.Q3 FFO per share view $0.34 -- Thomson Reuters I/B/E/S.Summit Hotel Properties Inc - ‍through remainder of 2017, company expects to invest $15 million to $20 million in capital improvements​.Summit Hotel Properties Inc - sees ‍Q4 pro forma RevPAR in the range of $107.75 to $109.75​.Summit Hotel Properties Inc - sees Q4 ‍adjusted FFO per diluted unit in the range of $0.26 to $0.29​.Summit Hotel Properties Inc - sees fy ‍pro forma RevPAR to be in the range of $116.25 to $116.75​.Summit Hotel Properties Inc - sees fy ‍adjusted FFO per diluted unit to be in the range of $1.29 to $1.32​.  Full Article

Summit Hotel Properties posts Q2 adj. FFO per share $0.42
Tuesday, 2 Aug 2016 

Summit Hotel Properties Inc : Qtrly same-store REVPAR grew to $117.44, an increase of 6.5 percent over same period in 2015 . Qtrly FFO per share $0.37 . Q2 adjusted FFO per share $0.42 . Q2 FFO per share view $0.39 -- Thomson Reuters I/B/E/S . FY2016 FFO per share view $1.31 -- Thomson Reuters I/B/E/S . Summit Hotel Properties Inc qtrly Q3 2016 pro forma REVPAR $112.00 to $114.00 . Summit Hotel Properties Inc sees Q3 2016 adjusted FFO per diluted share and unit $0.32 to $0.34 . Summit Hotel Properties Inc sees full year 2016 pro forma revpar $111.50 to $113.00; sees FY 2016 adjusted FFO per diluted share and unit $ 1.32 to $1.36 .Q3 FFO per share view $0.35 -- Thomson Reuters I/B/E/S.  Full Article

Summit Hotel Properties announces sale of a hotel for $10.5 million
Tuesday, 31 May 2016 

Summit Hotel Properties Inc :Summit Hotel Properties announces the sale of a hotel for $10.5 million.  Full Article

Summit Hotel Properties raises Q2 2016 RevPAR and FFO outlook; and raises FY 2016 RevPAR and FFO outlook
Tuesday, 3 May 2016 

Summit Hotel Properties:Expects Q2 2016 Pro forma RevPARgrowth of 5.0% to 7.0% pct.Expects Q2 2016 RevPAR growth (same-store 74) of 5.0% to 7.0% pct.Expects Q2 2016 adjusted FFO per diluted share and unit of $0.39 - $0.41.Expects FY 2016 Pro forma RevPAR growth of 4.00 pct - 5.50 pct.Expects FY 2016 RevPAR growth (same-store 74) of 4.00 pct - 5.50 pct.Expects FY 2016 adjusted FFO per diluted share and unit of $1.31 - $1.37.  Full Article

BRIEF-Summit Hotel Properties announces CFO succession plan

* Summit Hotel Properties - Jonathan Stanner to succeed CFO Greg Dowell in 2018​ Source text for Eikon: Further company coverage: