SIOUX FALLS, S.D.--(BUSINESS WIRE)--
Summit Hotel Properties, Inc. (NYSE: INN), a real estate investment
trust (REIT) that owns 65 premium-branded limited-service and
select-service hotels, announced that it will release fourth quarter
2010 financial results on Thursday, March 31, 2011, after the market
closes. The results will reflect earnings of the REIT’s predecessor
company, Summit Hotel Properties, LLC. On February 14, 2011, the company
completed its initial public offering of common stock, generating
proceeds of $253 million.
The company also announced that it will host a conference call to
discuss its financial results at 9 a.m. ET on Friday, April 1 with Kerry
W. Boekelheide, executive chairman of the board; Dan Hansen, president
and chief executive officer; and Stu Becker, executive vice president
and chief financial officer.
Shareholders and other interested parties may listen to a simultaneous
webcast of the conference call on the Internet by logging onto Summit’s
website, www.shpreit.com
or may call 866-543-6408, reference number 90519685. A recording of the
call will be available by telephone until midnight on April 8, 2011, by
dialing 888-286-8010, reference number 89576998. A replay of the
conference call will be posted on Summit’s website through April 14,
2011.
About Summit Hotel Properties
Summit Hotel Properties, Inc is a self-advised real estate investment
trust focused on acquiring and owning premium-branded limited-service
and select-service U.S. hotels in the upscale and midscale without food
and beverage segments. As of March 25, 2011, the company’s hotel
portfolio consisted of 65 hotels with a total of 6,533 guestrooms
located in 19 states. Additional information about Summit may be found
at the company’s website, www.shpreit.com.
Forward Looking Statement
Certain matters within this press release are discussed using
forward-looking language as specified in the Private Securities
Litigation Reform Act of 1995, and, as such, may involve known and
unknown risks, uncertainties and other factors that may cause the actual
results or performance to differ from those projected in the
forward-looking statement. For a description of these factors, please
review the information under the heading “Risk Factors” included in the
company’s annual report on Form 10-K for the year ended December 31,
2009 filed with the U.S. Securities and Exchange Commission.
Source: Summit Hotel Properties, Inc.
Contact:
Daly Gray Public Relations
(Media)
Jerry Daly or Carol McCune,
703-435-6293
jerry@dalygray.com
or
Summit
Hotel Properties, Inc.
(Investors)
Dan Boyum, 605-361-9566
dboyum@shpreit.com