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Company Description (as filed with the SEC)
Unless the context otherwise requires, all references to “us,” “our,” or the “Company” refer to Summit Hotel Properties, Inc. and its consolidated subsidiaries. Overview We are a self-managed hotel investment company that was organized in June 2010. We completed our initial public offering (“IPO”) in February 2011 and our common stock is traded on the New York Stock Exchange (the “NYSE”). We focus primarily on acquiring and owning premium-branded select-service hotels in the upscale and upper midscale segments of the U.S. lodging industry, as these segments are currently defined by Smith Travel Research (“STR”). At December 31, 2013, we owned 88 hotels with a total of 10,908 guestrooms located in 22 states. Since the completion of our IPO and through December 31, 2013, we have acquired 43 hotels with a total of 5,948 guestrooms for purchase prices aggregating approximately $791. ... More ...