Summit Hotel Properties, Inc. engages in acquiring, owning, renovating, repositioning, and asset-managing and selling premium-branded limited-service and select-service hotels in the upscale and midscale without food and beverage segments of the United States lodging industry. The company was founded in 2004 and is based in Sioux Falls, South Dakota.
In June, the U.S. hospitality industry stood out by posting strong job growth for the second month in a row. The Leisure and hospitality sector added 2.1 million jobs in June, according to the U.S. Bureau of Labor Statistics. The gains accounted for roughly 40 percent of the 4.8 million...
Chetan Woodun on Seeking Alpha | September 8, 2020
AUSTIN, Texas , July 29, 2020 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN ) (the "Company"), announced today that its Board of Directors has authorized, and the Company has declared, a cash dividend of $0.403125 per share of the Company's 6.45% Series D Cumulative Redeemable Preferred Stock for the dividend period ending on August 31, 2020 , and a cash dividend of $0.390625 per share of the Company's 6.25% Series E Cumulative Redeemable Preferred Stock for the dividend period ending on August 31, 2020 . … Full story available on Benzinga.com