Home Hotel industry Summit Hotel Properties declares preferred dividends for the third quarter of 2021...

Summit Hotel Properties declares preferred dividends for the third quarter of 2021 | Texas

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AUSTIN, Texas, October 29, 2021 / PRNewswire / – Summit Hotel Properties, Inc. (NYSE: INN) (the “Company”), today announced that its board of directors has authorized, and the Company has declared, a cash dividend of $ 0.390625 per share of the 6.25% Cumulative Redeemable Preferred Shares Series E of the Company for the dividend period ending on November 30, 2021, and a cash dividend of $ 0.440625 per share of the 5.875% Cumulative Redeemable Preferred Shares Series F of the Company for the dividend period ending on November 30, 2021.

Dividends are payable on November 30, 2021 to registrants from November 16, 2021.

About Summit Hotel Properties

Summit Hotel Properties, Inc. is a publicly traded real estate investment trust that focuses on owning high-end branded hotels with efficient operating models primarily in the high-end segment of the industry. accommodation. From October 29, 2021, the Company’s portfolio consisted of 73 hotels, 61 of which are wholly owned, with a total of 11,398 rooms located in 23 states.

For more information, please visit the Company’s website, www.shpreit.com, and follow the Company on Twitter at @SummitHotel_INN.

Forward-looking statements

This press release contains statements that are “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, in accordance with the provisions of the Safe Harbor of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identifiable by the use of forward-looking terms such as “may”, “will”, “should”, “potential”, “intention” “,” Expect “,” seek, “” anticipate “,” estimate “,” approximately “,” believe “,” could “,” plan “,” predict “,” foresee “,” continue “,” plan “,” probably “,” 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, projections financial and operational or other forward-looking information. These forward-looking statements are subject to various risks and uncertainties, not all of which are known to the Company and many of which are beyond the control of the Company, which could cause actual results to differ materially from these statements. These risks and uncertainties include, without limitation, the state of the US economy, supply and demand in the hospitality industry and other factors described in more detail in documents filed by the Company with the Securities and Exchange Commission, including, without limitation, the company’s annual report on Form 10-K for the year ended December 31, 2020. Except as required by law, the Company disclaims any obligation to update forward-looking statements, whether as a result of new information, future events or otherwise.

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SOURCE Summit Hotel Properties, Inc.

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