Summit Hotel Properties, Inc. (INN)

Summit Hotel Properties, Inc. is a real estate investment trust, which engages in both general and limited partnership interests in Summit Hotel OP, LP. It focuses on owning premium-branded select-service hotels. Its hotels are located in corporate offices, retail centers, airports, state capitols, convention centers, universities, and leisure attractions. The company was founded on June 30, 2010 and is headquartered in Austin, TX.

Address

13215 BEE CAVE PARKWAY
AUSTIN, TX 78738

Founded

2010

Number of Employees

78

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ Amount Purchased
($ in 000s)
- - $617 $961 $2,724 $840 $469 $1,601 - - - $1,202
Average Price - - $11.62 $16.26 $14.50 $11.29 $7.17 $10.29 - - - $12.11
# Shares Purchased - - 53,059 59,111 187,850 74,340 65,345 155,605 - - - 99,218
Buyback Performance 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
Total Return to Date - - -48.4% -63.1% -58.6% -46.9% -16.3% -41.7% - - - -50.5%
S&P 500 Return to Date - - 168.6% 129.7% 104.9% 93.1% 74.8% 31.7% - - - 100.5%
Excess Total Return - - -217.0% -192.8% -163.5% -140.0% -91.2% -73.3% - - - -150.9%
Quartile Rank
Percentile Rank - - 15% 9% 10% 13% 20% 18% - - - 14%
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.