INN - Mergers and acquisitions

Joint Venture with GIC Completes Acquisition of Residence Inn Scottsdale North Four-Hotel Portfolio Sale Completed for $28.1 Million AUSTIN, Texas, June 5, 2023 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) (the "Company") today announced that it has completed the acquisition of the 120-guestroom Residence Inn Scottsdale North for $29.0 million through its joint venture with GIC. Additionally, the Company is providing an update on previously announced disposition activity. Residence Inn Scottsdale North Acquired for $29.0 Million On June 1, 2023, the Company comple

AUSTIN, Texas, Jan. 4, 2022 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) (the "Company") today announced that it completed the acquisition of the 120-guestroom Embassy Suites by Hilton Tucson / Paloma Village for $25.5 million through its joint venture with GIC on December 21, 2021. The investment represents a high-quality, market-leading hotel in a rapidly growing market. The property's excellent location and dominant Embassy Suites brand affiliation have allowed the hotel to consistently rank at the top of its competitive set, commanding an average RevPAR Index o