Summit Hotel PropertiesINN
Market Cap: $758M
About: Summit Hotel Properties Inc is a U.S.-based hotel investment company focusing on select-service hotels in the upscale and upper-midscale properties in the U.S. Substantially all of Summit's assets are held and operated by its Operating Partnership, Summit Hotel OP, LP, in which the company holds general and limited partnership interests. The firm has one segment in activities related to investing in real estate. Summit's revenue streams include Room and Other hotel operations revenue. Room comprises the majority of total revenues. The firm's hotels are located in various markets, such as corporate offices, retail centers, airports, state capitols, convention centers, and leisure attractions. Summit's hotels operate under brands, including Marriott, Hilton, Hyatt, and Holiday Inn.
Employees: 78
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
125% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 16
11% more funds holding
Funds holding: 178 [Q1] → 198 (+20) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
2.73% less ownership
Funds ownership: 92.54% [Q1] → 89.81% (-2.73%) [Q2]
10% less capital invested
Capital invested by funds: $648M [Q1] → $582M (-$66.1M) [Q2]
25% less repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 73
98% less call options, than puts
Call options by funds: $5K | Put options by funds: $205K
Research analyst outlook
We haven’t received any recent analyst ratings for INN.