Summit Hotel Properties, Inc. operates as a publicly-traded lodging real estate investment trust (REIT) that invests in high-quality hotel properties. The company focuses on acquiring and managing hotels primarily located in major metropolitan areas with strong demand generators and high barriers to entry. Its portfolio consists of 94 assets, totaling 14,226 guestrooms, and includes various hotel brands such as Hyatt Place, Courtyard, and Hampton Inn. Summit generates revenue through the leasing and operation of these hotel properties, catering to both business and leisure travelers.
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