Summit Hotel Properties (INN) Tops Q1 FFO by 3c, Offers Q2, FY Guidance

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Go back to Summit Hotel Properties (INN) Tops Q1 FFO by 3c, Offers Q2, FY Guidance

Summit Hotel Properties Reports First Quarter 2015 Results

May 4, 2015 4:04 PM EDT

13.3 percent Same-Store RevPAR growth; $0.27 Adjusted FFO per share

42.1 percent Adjusted FFO per share growth; 26.9 percent Adjusted EBITDA growth

AUSTIN, Texas--(BUSINESS WIRE)-- Summit Hotel Properties, Inc. (NYSE: INN) (the Company) today announced results for the first quarter 2015.

The first quarter was outstanding for our portfolio with high demand continuing to drive strong rate growth, said Dan Hansen, Summits President and CEO. Our same-store portfolio has exceeded the Smith Travel Upscale chain scale for twelve consecutive quarters, which is a credit to our best-in-class asset management team and the strategic capital investments in... More