Summit Hotel Properties (INN)

• Market cap: $739M
• 1 day: 1.94%
• 5 days: 1.79%
• 1 month: 12.17%
• 3 months: -2.57%
• 6 months: 15.20%
• Year to date: 0.44%
• 1 year: 4.28%
• 5 years: -44.55%
• 10 years: -44.42%
• Sector: Financials
• Industry: Real Estate Investment Trusts

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 Q3 regulatory filings by fund managers ($100M+ AUM)

881% more call options, than puts

Call options by funds: $2.29M | Put options by funds: $233K

55% more first-time investments, than exits

New positions opened: 34 | Existing positions closed: 22

15% more capital invested

Capital invested by funds: $592M [Q2] → $681M (+$89M) [Q3]

6% more funds holding

Funds holding: 199 [Q2] → 211 (+12) [Q3]

0.26% more ownership

Funds ownership: 91.37% [Q2] → 91.62% (+0.26%) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]

6% less repeat investments, than reductions

Existing positions increased: 66 | Existing positions reduced: 70