Summit Hotel Properties (INN) Tops Q2 FFO by 3c

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Summit Hotel Properties Reports Second Quarter 2016 Results

August 2, 2016 4:40 PM EDT

AUSTIN, Texas, Aug. 2, 2016 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), today announced results for the second quarter 2016.

"We are thrilled with the strong results our diversified portfolio of premium select-service hotels delivered in the second quarter.  Our second quarter pro forma RevPAR growth of 6.4 percent, paired with an exceptional 156 basis points of margin expansion, once again exceeded the Smith Travel Research Upscale RevPAR growth rate of 3.1 percent marking outperformance in sixteen of the last seventeen... More