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Company Description (as filed with the SEC)
Unless the context otherwise requires, all references to "we", "us," "our," or the "Company" refer to Summit Hotel Properties, Inc. and its consolidated subsidiaries. Overview 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, 2014, we owned 90 hotels with a total of 11,463 guestrooms located in 21 states. Since the completion of our initial public offering ("IPO") in February 2011 and through December 31, 2014, we have acquired 49 hotels with a total of 6,938 guestrooms for purchase prices aggregating approximately $1.0 billion, and we have sold 24 hotels containing 2,014 guestrooms, for sales prices aggregating approximately $96.2 million. As of December 31, 2014, 77.7% of our guestrooms were located in the top 50 metropolitan statistical areas, ("MSAs"), and 91. ... More ...
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|Annual EPS Est:||$0.9|
|Quarterly EPS Est:||0.23|