Summit Hotel Properties Declares First Quarter 2015 Dividends
01 May 2015 - 6:58AM
Business Wire
Summit Hotel Properties (NYSE:INN) (“the Company”) announced
today that its Board of Directors has authorized, and the Company
declared, a cash dividend for the first quarter ended March 31,
2015 of $0.1175 per share of common stock of the Company and per
common unit of limited partnership interest in Summit Hotel OP, LP,
the Company’s operating partnership.
The Board of Directors also authorized, and the Company has
declared, a cash dividend of $0.578125 per share of the Company’s
9.25 percent Series A Cumulative Redeemable Preferred Stock for the
dividend period ending on May 29, 2015; a cash dividend of
$0.4921875 per share of the Company’s 7.875 percent Series B
Cumulative Redeemable Preferred Stock for the dividend period
ending on May 29, 2015; and a cash dividend of $0.4453125 per share
of the Company’s 7.125 percent Series C Cumulative Redeemable
Preferred Stock for the dividend period ending on May 29, 2015.
The dividends are payable May 29, 2015 to holders of record as
of May 15, 2015.
About Summit Hotel Properties
Summit Hotel Properties, Inc. is a publicly-traded real estate
investment trust focused primarily on acquiring and owning
premium-branded, select-service hotels in the Upscale and
Upper-midscale segments of the lodging industry. As of April 30,
2015, the Company’s portfolio consisted of 91 hotels with a total
of 11,679 guestrooms located in 21 states.
For additional 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, pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements are generally identifiable by use of forward-looking
terminology such as “may,” “will,” “should,” “potential,” “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 can include future expectations, future plans and
strategies, financial and operating projections 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 Company’s
control, which could cause actual results to differ materially from
such statements. These risks and uncertainties include, but are not
limited to, the state of the U.S. economy, supply and demand in the
hotel industry and other factors as are described in greater detail
in the Company’s filings with the Securities and Exchange
Commission (“SEC”), including, without limitation, the Company’s
Annual Report on Form 10-K for the year ended December 31, 2014.
Unless legally required, the Company disclaims any obligation to
update any forward-looking statements, whether as a result of new
information, future events or otherwise.
Summit Hotel PropertiesElisabeth Eisleben, 512-538-2306Director
of Investor Relationseeisleben@shpreit.com
Summit Hotel Properties (NYSE:INN)
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