Summit Hotel Properties (INN) Reports In-Line Q3 FFO of $0.23, Cuts FY11 FFO Guidance
Summit Hotel Properties (NYSE: INN) reported Q3 FFO of $0.23, in-line with the analyst estimate of $0.23. Revenue for the quarter came in at $42.3 million versus the consensus estimate of $42.93 million.
Summit Hotel Properties sees FY2011 FFO of $0.71-$0.74, versus prior guidance of $0.72-$0.77 and the consensus of $0.71.
Summit Hotel Properties sees FY2011 FFO of $0.71-$0.74, versus prior guidance of $0.72-$0.77 and the consensus of $0.71.