Summit Hotel Properties
occupancy growth was led by at recently acquired portfolio continues to produce strong results growth hotel market share reached new highs with growth of nearly basis points operating expense growth on a basis positive pro hotel growth total liquidity of nearly if summit pro rata debt is fixed rate fixed through completed credit facility refinance fully extended maturity dates to pricing maintained and overall flexibility preserved entered a contract to sell place owings mills for million represents a cap rate on with all in cap rate of when including near term required capital expenditures earnest money is non and the transaction is expected to close in highlights | Summit Hotel Properties
Company
Deck Type
Sector
Industry
Deck date
November 2023
Slide
29 of 32
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Investor Presentation
August 2023
occupancy pro reaches new post pandemic high recently acquired portfolio growth nearly basis points of market share growth achieved margin positive pro hotel growth total liquidity of nearly if summit pro rata debt is fixed rate fixed through successfully completed credit facility refinance fully extended maturity dates to pricing maintained and overall flexibility preserved completed hotel portfolio dale for at cap rate after estimated foregone renovation costs acquired two hotels through joint venture residence inn year yield the lodge steamboat springs year yield highlights | Summit Hotel Properties
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