Summit Hotel Properties (NYSE:INN) is a real estate investment trust (REIT) that acquires, owns and operates branded select-service hotels and extended-stay properties across the United States. The company focuses on upper-midscale and upscale lodging segments, targeting established national brands to combine the operational efficiencies of limited-service properties with strong franchise affiliation.
The company’s portfolio comprises over thirty hotels carrying well-known flags such as Marriott, Hilton, Hyatt and IHG. These properties are situated in major U.S. markets—including New York, San Francisco, Boston and Seattle—as well as a mix of gateway and secondary locations that support diverse demand drivers like corporate travel, group event business and extended-stay lodging.
Founded in 2013 and completing its initial public offering in October 2014, Summit Hotel Properties has grown primarily through strategic acquisitions and disciplined dispositions. The company is externally managed by Summit Hotel Management LLC, which handles day-to-day operations, asset management, development oversight and capital markets activities on behalf of the REIT.
Headquartered in Jupiter, Florida, Summit Hotel Properties is led by President and Chief Executive Officer Glenn M. Mattes, who brings decades of hospitality and real estate experience. Under his leadership, the company has pursued operational enhancements and revenue-management initiatives designed to drive long-term value and sustainable growth for its shareholders.
