Summit Hotel Properties Announces Second Quarter 2017 Earnings Release Date

July 12, 2017 – Summit Hotel Properties, Inc. (NYSE:  INN) (the “Company”) today announced that it will report financial results for the second quarter of 2017 on Wednesday, August 2, 2017, after the market closes. The Company will conduct its quarterly conference call on Thursday, August 3, 2017, at 9:00 AM ET.  To participate in the conference call, please…

Xenia Hotels & Resorts Completes $163 Million, 5-Hotel Portfolio Sale to Summit Hotel Properties

June 22, 2017 – Xenia Hotels & Resorts, Inc. (NYSE:  XHR) (“Xenia”) today announced the completion of the 5-hotel, 812-guestroom portfolio sale to an affiliate of Summit Hotel Properties (NYSE:  INN) for a total purchase price of $163 million, or approximately $201,000 per key.  The portfolio includes the 203-guestroom Courtyard Fort Worth Downtown/Blackstone, the 123-guestroom Courtyard Kansas City Country Club Plaza,…

Summit Hotel Properties Wins 2017 NAREIT Investor CARE Award

June 13, 2017 – Summit Hotel Properties, Inc. (NYSE:  INN) (the “Company”), announced today that it has won the Bronze Investor CARE Award in the Small Cap Equity REIT category.  The 2017 NAREIT Investor CARE award contest recognizes NAREIT’s stock-exchange listed equity and mortgage REIT Corporate Members that have demonstrated excellence in communicating and reporting to…

Xenia Hotels & Resorts And Summit Hotel Properties Announce Agreement On $163 Million Transaction

June 5, 2017 – Xenia Hotels & Resorts, Inc. (NYSE:  XHR) (“Xenia”) and an affiliate of Summit Hotel Properties, Inc. (NYSE:  INN) (“Summit”) today announced that the companies have executed a definitive agreement for Summit to acquire an 812-guestroom, five-hotel portfolio from Xenia for a total purchase price of $163 million, or approximately $201,000 per key.  The portfolio includes the…