Austin, Texas, April 30, 2021 / PRNewswire / – Summit Hotel Properties, Inc. (NYSE: INN) (the “Company”) announced today that its Board of Directors has approved a cash dividend from and declared the Company $ 0.403125 per share of 6.45% of the company’s 6.45% accumulated redeemable preferred stock for the date on May 31, 2021and a cash dividend of $ 0.390625 per share of the company’s 6.25% Accumulated Redeemable E Series Preferred Stock for the dividend period ending on May 31, 2021.
The dividends are payable on May 28, 2021 to record holders May 17, 2021.
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 upper end of the lodging industry. From April 30, 2021The company’s portfolio consisted of 72 hotels, 67 of which were 100% owned, for a total of 11,288 rooms in 23 states.
Please visit the company’s website for more information. www.shpreit.comand follow the company on Twitter at @SummitHotel_INN.
Forward-Looking Statements
This press release contains statements that “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 dated 1995. Forward-looking statements may generally be identified by the use of forward-looking terminology such as “may,” “will,” “should,” “potentially,” “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 dividends. Forward-looking statements are based on certain assumptions and may include future expectations, future plans and strategies, financial and operational projections, or other forward-looking information. These forward-looking statements are subject to various risks and uncertainties, not all of which the company is aware and many of which are beyond the control of the company. This could mean that the actual results differ materially from these statements. These risks and uncertainties include, but are not limited to, the state of the US economy, supply and demand in the hotel industry, and other factors more fully described in the company’s filings with the Securities and Exchange Commission, including, but not limited to Company’s annual report on Form 10-K for the past year December 31, 2020. Unless required by law, the company disclaims any obligation to update forward-looking statements as a result of new information, future events or for any other reason.
SOURCE Summit Hotel Properties, Inc.
