| Summit Hotel Properties, Inc. (Summit REIT) is a real estate investment trust and a hotel investment company. Summit REIT holds both general and limited partnership interests in Summit Hotel OP, LP. As of December 31, 2011, its real estate investment portfolio consisted of 70 upscale, upper midscale and midscale hotels with a total of 7,095 guestrooms located in small, mid-sized and suburban markets in 19 states. In January 2013, it acquired three hotels containing an aggregate of 426 guestrooms from certain affiliates of Hyatt Hotels Corporation. In February 2013, it closed on the joint venture transaction for the acquisition of a 252-room Holiday Inn Express property (the Hotel) located on Fisherman's Wharf in San Francisco, CA. Effective March 12, 2013, Summit Hotel Properties Inc acquired the Louisiana Hotel Portfolio. In May 2013, the Company acquired four hotels. |
