Overview
Description
Summit Hotel Properties, Inc. is a publicly traded real estate investment trust (REIT) that specializes in owning premium-branded hotels in the upscale and upper-midscale segments. The primary focus of this REIT is to generate income through the acquisition and management of hotels that are affiliated with well-recognized brands like Marriott, Hilton, and Hyatt. These hotels are strategically located in desirable markets with high barriers to entry, including urban centers, airports, and key business districts, which are favored by business and leisure travelers alike.
Summit Hotel Properties, Inc. plays a significant role in the hospitality industry, providing attractive lodging options across the United States. Its portfolio consists of a substantial number of properties that cater to a broad spectrum of travelers, contributing to the diverse accommodation landscape. As part of its strategy, the company focuses on enhancing operational efficiencies to maximize occupancy and guest satisfaction. By leveraging brand recognition and strategic locations, Summit Hotel Properties, Inc. remains a vital entity within the hospitality sector, offering growth opportunities through its extensive and geographically diverse holdings.
About
CEO
Mr. Jonathan P. Stanner
Employees
85
Address
13215 Bee Cave Parkway
Suite B-300
Austin, 78738-6723, TX
United States
Suite B-300
Austin, 78738-6723, TX
United States
Phone
512 538 2300
Website
Instrument type
Preferred stock
Sector
Real Estate
Industry
REIT - Hotel & Motel
Country
United States
MIC code
XNYS