Summit Hotel Properties, a self-advised REIT with a portfolio of 65 limited/select service hotels in 19 states, will see its quiet period end on Sunday, March 20. On Feburary 8, the company raised $254 million by offering 26 million shares at $9.75, below the...read more
Summit Hotel Properties, a self-advised REIT with a portfolio of 65 limited- and select-service hotels in 19 states, raised $254 million on Tuesday by offering 26 million shares at $9.75, 15% below the midpoint of its $10.50 to $12.50 proposed range. However,...read more
Summit Hotel Properties, a self-advised REIT with an initial portfolio of 65 limited service hotels in 19 states, announced terms for its IPO on Friday. The Sioux Falls, SD-based company plans to raise $265 million by offering 23 million shares at a price range...read more
Summit Hotel Properties, a self-advised REIT focused with an initial portfolio of 65 limited service hotels in 19 states, filed on Monday with the SEC to raise up to $325 million in an initial public offering. The Sioux Falls, SD-based company, was created to...read more
Summit Hotel quiet period ends March 20
Summit Hotel Properties, a self-advised REIT with a portfolio of 65 limited/select service hotels in 19 states, will see its quiet period end on Sunday, March 20. On Feburary 8, the company raised $254 million by offering 26 million shares at $9.75, below the...read more
Summit Hotel Properties prices IPO below the range at $9.75, offers more shares
Summit Hotel Properties, a self-advised REIT with a portfolio of 65 limited- and select-service hotels in 19 states, raised $254 million on Tuesday by offering 26 million shares at $9.75, 15% below the midpoint of its $10.50 to $12.50 proposed range. However,...read more
Summit Hotel Properties announces IPO terms
Summit Hotel Properties, a self-advised REIT with an initial portfolio of 65 limited service hotels in 19 states, announced terms for its IPO on Friday. The Sioux Falls, SD-based company plans to raise $265 million by offering 23 million shares at a price range...read more
Summit Hotel Properties files for $325 million IPO
Summit Hotel Properties, a self-advised REIT focused with an initial portfolio of 65 limited service hotels in 19 states, filed on Monday with the SEC to raise up to $325 million in an initial public offering. The Sioux Falls, SD-based company, was created to...read more