AUSTIN, Texas, Dec. 4, 2017 /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 $0.06944
per share of the Company's 6.25% Series E Cumulative Redeemable
Preferred Stock for the partial dividend period ended on
November 30, 2017.
The dividend is payable December 15,
2017 to holders of record as of December 14, 2017.
About Summit Hotel Properties
Summit Hotel Properties, Inc. is a publicly-traded real estate
investment trust focused on owning premium-branded hotels with
efficient operating models primarily in the upscale segment of the
lodging industry. As of December 4,
2017, the Company's portfolio consisted of 83 hotels with a
total of 12,242 guestrooms located in 26 states.
For additional information, please visit the Company's website
at www.shpreit.com and follow the Company on Twitter at
@SummitHotel_INN.
Forward Looking Statements
This press release contains statements that are "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Act of 1934,
as amended, pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements are generally identifiable by use of forward-looking
terminology such as "may," "will," "should," "potential," "intend,"
"expect," "seek," "anticipate," "estimate," "approximately,"
"believe," "could," "project," "predict," "forecast," "continue,"
"plan," "likely," "would" or other similar words or expressions.
These forward-looking statements relate to the payment of the
Series E dividend. Forward-looking statements are based on certain
assumptions and can include future expectations, future plans and
strategies, financial and operating projections or other
forward-looking information. These forward-looking statements are
subject to various risks and uncertainties, not all of which are
known to the Company and many of which are beyond the Company's
control, which could cause actual results to differ materially from
such statements. These risks and uncertainties include, but are not
limited to, the state of the U.S. economy, supply and demand in the
hotel industry and other factors as are described in greater detail
in the Company's filings with the Securities and Exchange
Commission, including, without limitation, the Company's Annual
Report on Form 10-K for the year ended December 31, 2016. Unless legally required, the
Company disclaims any obligation to update any forward-looking
statements, whether as a result of new information, future events
or otherwise.
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SOURCE Summit Hotel Properties, Inc.