Summit Hotel Properties
occupancy select recovering markets achieved growth and hotel growth new and the portfolio continues to produce strong results growth hotel market share grew over basis points to a index of for the twelve months ending june strong pro hotel growth and operating expense growth of only drove margin expansion of approximately basis points adjusted and adjusted growth of and respectively further the balance sheet by repaying over million of pro rata indebtedness with proceeds from asset sales and available cash on hand sold nine hotels over the last year for at a cap rate resulting in approximately of year to date the company has sold four hotels for at a blended cap rate of on after consideration of foregone capital expenditures declared a quarterly cash dividend rate of per share representing a dividend yield on the company share price as of second quarter highlights | Summit Hotel Properties
Company
Deck Type
Sector
Industry
Deck date
September 2024
Slide
5 of 32
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