AUSTIN, Texas, Nov. 17, 2020 /PRNewswire/ -- Summit Hotel
Properties, Inc. (NYSE: INN) (the "Company") today announced that
it has published its annual Corporate Responsibility Report for
2019, which covers the Company's ongoing commitment to the
environment, its community and stakeholders.
The Company's corporate responsibility goals use the United
Nation Sustainable Development Goals as a guideline and outline the
Company's key performance indicators, achievements and initiatives
to address important environmental, social and governance
issues.
"Since establishing our Corporate Responsibility program in
2017, we have built upon our sustainability objectives, from
tracking metrics related to our consumption, waste, recycling and
greenhouse gas emissions, to setting measurable, science-based
reduction targets for energy, water and carbon, and to committing
to improve the efficiency of our buildings and promote sustainable
operations through our Energy Management Program.
Additionally, we have expanded charitable engagement with our
community through the Summit Foundation, our 501(c)(3) nonprofit
organization and have broadened our social programs to enhance
connectivity among our employees, partners and stakeholders to
ensure that we champion an environment of diversity and
inclusivity. We are pleased with the significant progress that we
have made with our sustainability program, and we look forward to
continuing to build on our accomplishments," commented Mr.
Hansen.
Our Corporate Responsibility Report is designed to help our
stakeholders better understand our commitment and efforts regarding
environmental stewardship, social responsibility, and governance
and can be viewed in the "Responsibility" section of the Company's
website at www.shpreit.com/responsibility/about.
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 November 17,
2020, the Company's portfolio consisted of 72 hotels, 67 of
which are wholly owned, with a total of 11,288 guestrooms located
in 23 states.
For additional information, please visit the Company's website,
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 Exchange 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. 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. Examples of forward-looking statements
include the following: the Company's descriptions of the Company's
plans or objectives for future programs and activities and
descriptions of assumptions underlying or relating to any of the
foregoing expectations regarding the timing of their occurrence.
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 ("SEC"). 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.
For information about the Company's business and financial
results, please refer to the "Management's Discussion and Analysis
of Financial Condition and Results of Operations" and "Risk
Factors" sections of the Company's Annual Report on Form 10-K for
the year ended December 31, 2019,
filed with the SEC, and its quarterly and other periodic filings
with the SEC. The Company undertakes no duty to update the
statements in this release to conform the statements to actual
results or changes in the Company's expectations.
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SOURCE Summit Hotel Properties, Inc.