Business & Finance
Business and Finance
Business and Finance
Mon, March 28, 2011 Summit Hotel Properties to Announce Fourth Quarter 2010 Earnings on March 31, 2011
SIOUX FALLS, S.D.--([ BUSINESS WIRE ])--Summit Hotel Properties, Inc. (NYSE: INN), a real estate investment trust (REIT) that owns 65 premium-branded limited-service and select-service hotels, announced that it will release fourth quarter 2010 financial results on Thursday, March 31, 2011, after the market closes. The results will reflect earnings of the REITa™s predecessor company, Summit Hotel Properties, LLC. On February 14, 2011, the company completed its initial public offering of common stock, generating proceeds of $253 million.
The company also announced that it will host a conference call to discuss its financial results at 9 a.m. ET on Friday, April 1 with Kerry W. Boekelheide, executive chairman of the board; Dan Hansen, president and chief executive officer; and Stu Becker, executive vice president and chief financial officer.
Shareholders and other interested parties may listen to a simultaneous webcast of the conference call on the Internet by logging onto Summita™s website, [ www.shpreit.com ] or may call 866-543-6408, reference number 90519685. A recording of the call will be available by telephone until midnight on April 8, 2011, by dialing 888-286-8010, reference number 89576998. A replay of the conference call will be posted on Summita™s website through April 14, 2011.
About Summit Hotel Properties
Summit Hotel Properties, Inc is a self-advised real estate investment trust focused on acquiring and owning premium-branded limited-service and select-service U.S. hotels in the upscale and midscale without food and beverage segments. As of March 25, 2011, the companya™s hotel portfolio consisted of 65 hotels with a total of 6,533 guestrooms located in 19 states. Additional information about Summit may be found at the companya™s website, [ www.shpreit.com ].
Forward Looking Statement
Certain matters within this press release are discussed using forward-looking language as specified in the Private Securities Litigation Reform Act of 1995, and, as such, may involve known and unknown risks, uncertainties and other factors that may cause the actual results or performance to differ from those projected in the forward-looking statement. For a description of these factors, please review the information under the heading aRisk Factorsa included in the companya™s annual report on Form 10-K for the year ended December 31, 2009 filed with the U.S. Securities and Exchange Commission.
