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

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

May 3, 2016 4:45 PM EDT

AUSTIN, Texas, May 3, 2016 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced results for the first quarter 2016.

"We are extremely pleased with the results that our diverse portfolio of premium select-service hotels delivered in the first quarter," said Dan Hansen, the Company's President and Chief Executive Officer.  "The strength of our portfolio is evidenced by same-store RevPAR growth of 4.5 percent, more than double that of the Smith Travel Research upscale RevPAR growth rate of 2.2 percent," commented Mr.... More