INN Profile
Summit Hotel Properties Inc. (INN) is a publicly traded real estate investment trust (REIT) that specializes in owning premium-branded hotels in the United States. The company's portfolio consists of 72 hotels with a total of approximately 11,200 guestrooms located in 23 states.
As of its last market close, INN had a market capitalization of approximately $1.4 billion USD. The company had a trailing twelve-month revenue of approximately $429 million USD and a net loss of approximately $23 million USD. INN's stock price had a 52-week range of $7.11 - $14.34 USD and was trading at approximately $12.57 USD at the time of its last market close.
Summit Hotel Properties is focused on providing guests with high-quality accommodations and service, and the company is committed to generating value for its shareholders by owning and operating premium-branded hotels in strategic locations across the United States. The company is also focused on driving growth through the acquisition of new hotels and the development of its existing properties.
Investing in Summit Hotel Properties carries risks, including risks associated with changes in economic conditions, the competitive landscape of the hotel industry, and changes in consumer demand for hotel accommodations. Additionally, the company is subject to operational risks, including risks associated with the management of its properties and the maintenance of its real estate infrastructure. Investors should carefully consider these risks before making any investment decisions.
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