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Summit Hotel Properties, Inc. is a REIT focused on lodging investments with a strategy of maintaining high operating efficiency.
Summit Hotel Properties, Inc. is a self-managed real estate investment trust (REIT) focused on investing in leisure and business lodging properties. The company primarily operates through its consolidated subsidiary, Summit Hotel OP, LP, and owns a portfolio of 100 lodging properties comprising 14,912 guestrooms across 24 states. The majority of their properties operate under premium brands like Marriott, Hilton, Hyatt, and IHG, allowing them to capture a diverse customer base, primarily in high-demand metropolitan areas with strong corporate, retail, and leisure influences.
Summit Hotel Properties employs a strategic growth approach focusing on acquiring properties with efficient operating models to ensure high margins and robust investment returns. They actively manage their portfolio by cycling out lower-performing properties and identifying opportunities in markets with barriers to entry. The firm also leverages joint ventures for expansion and has developed management systems to maintain competitive performance while ensuring their properties meet regulatory and environmental standards.
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