Summit Hotel Properties Reports First Quarter 2016 Results And Increases 2016 Outlook

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Summit Hotel Properties (INN) Tops Q1 FFO by 1c

May 3, 2016 4:48 PM EDT

Summit Hotel Properties (NYSE: INN) reported Q1 FFO of $0.32, $0.01 better than the analyst estimate of $0.31. Revenue for the quarter came in at $118.1 million versus the consensus estimate of $116.68 million.

Pro forma revenue per available room ("RevPAR") grew to $108.08, an increase of 3.8 percent... More