Summit Hotel Properties Declares Dividend on Common Stock for the Fourth Quarter Ended December 31, 2016 and Dividends on Preferred Stock for the Dividend Period Ending on February 28, 2017, Payable on February 28, 2017
January 24, 2017 at 09:30 pm
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Summit Hotel Properties, Inc. announced that its Board of Directors has authorized, and the Company has declared, a cash dividend for the fourth quarter ended December 31, 2016, of $0.1625 per share of common stock of the Company and per common unit of limited partnership interest in Summit Hotel OP, LP.
The Board of Directors also authorized, and the Company has declared, a cash dividend of $0.4921875 per share of the Company's 7.875% Series B Cumulative Redeemable Preferred Stock for the dividend period ending on February 28, 2017; a cash dividend of $0.4453125 per share of the Company's 7.125% Series C Cumulative Redeemable Preferred Stock for the dividend period ending on February 28, 2017; and a cash dividend of $0.403125 per share of the Company's 6.45% Series D Cumulative Redeemable Preferred Stock for the dividend period ending on February 28, 2017. The dividends are payable February 28, 2017, to holders of record as of February 14, 2017.
Summit Hotel Properties, Inc. is a real estate investment trust. The Company is focused on owning premium-branded lodging properties with operating models primarily in the upscale segment of the lodging industry. Its portfolio consists of approximately 96 assets, 54 of which are wholly owned, with a total of 14,256 guestrooms located in 24 states. Its properties are located in markets with multiple demand generators, such as corporate offices and headquarters, retail centers, airports, state capitols, convention centers, universities, and leisure attractions. Its guestrooms operate under franchise brands owned by Marriott International, Inc. (Marriott), Hilton Worldwide (Hilton), Hyatt Hotels Corporation (Hyatt), and InterContinental Hotels Group (IHG). It holds both general and limited partnership interests in Summit Hotel OP, LP (the Operating Partnership). Substantially, all of its assets are held by, and all of its operations are conducted through, the Operating Partnership.
Summit Hotel Properties Declares Dividend on Common Stock for the Fourth Quarter Ended December 31, 2016 and Dividends on Preferred Stock for the Dividend Period Ending on February 28, 2017, Payable on February 28, 2017
SUMMIT HOTEL PROPERTIES, INC. 
