Close

Cart

Total $0.00

Checkout

AUSTIN, Texas, Nov. 14, 2017 -- Summit Hotel Properties, Inc. (NYSE: INN) ("Summit" or the "Company") today announced that Gregory A. Dowell, its EVP and Chief Financial Officer, plans to retire from the Company on March 31, 2018.  Mr. Dowell has been with Summit for over three years and has led the Company's finance and accounting functions through periods of substantial growth and improvement.  He has played a key role in the long-term succession planning for the Company and will continue to work closely with his successor during the upcoming transition period.

Mr. Dowell said, "The past three years have been professionally rewarding and personally gratifying.  It has been a privilege to be a part of such a dedicated and cohesive team.  I am confident in this team and their ability to continue to create value for shareholders."

Jonathan P. Stanner, EVP and Chief Investment Officer, will succeed Mr. Dowell as EVP and Chief Financial Officer, effective March 31, 2018.  Mr. Stanner joined the Company in April 2017 and has become an integral member of the management team.  Prior to joining Summit, he held various positions at Strategic Hotels and Resorts, including the role of CFO.  Mr. Stanner will continue to oversee the Company's investment activities following the transition.

Daniel P. Hansen, the Company's Chairman, President and Chief Executive Officer, noted, "I am proud of all that we have accomplished at Summit during Greg's tenure and appreciate his tremendous efforts in elevating our finance organization.  I am confident that Jon will continue to build on these accomplishments and I look forward to working closely with them both to ensure a successful and seamless transition."

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 upscale segment of the lodging industry.  As of November 13, 2017, the Company's portfolio consisted of 79 hotels with a total of 11,590 guestrooms located in 24 states.  For additional information, please visit the Company's website, www.shpreit.com and follow the Company on Twitter at @SummitHotel_INN.

Contact: Adam Wudel, SVP - Finance & Capital Markets

(512) 538-2325

Related News

Summit Hotel Properties to Acquire Four Hotels Totaling 652 Guestrooms for $164 Million, or Approximately $252,000 Per Key

Q2 2017 Financial Reports Round Up - Part 4: Hyatt, Wyndham, Summit

Summit Hotel Properties Completes Acquisition of 181-Room Courtyard by Marriott Charlotte City Center for $56.3 Million

Summit Hotel Properties to Acquire Five-Hotel Portfolio from Xenia for $163 Million

Summit Hotel Properties Reports Q1 2017 Net Income of $28.9 Million Compared to $44.3 Million in Q1 2016

Hospitality Investors Trust Acquires Seven Hotels from Summit Hotel Properties for $66.8 Million

Summit Hotel Properties Names Jonathan P. Stanner Executive Vice President and Chief Investment Officer

Summit Hotel Properties Acquires Two Hotels For $60.2 Million

Summit Hotel Properties Reports Q4 2016 Net Income Fell to $3.3 Million, Compared with $80 Million in 2015; Pro Forma RevPAR Increased 1% in Q4

Summit Hotel Properties Completes Acquisition of 157-Room Marriott in Boulder, Colorado for $61.4 Million

Summit Hotel Properties Reports Second Quarter 2016 Net Income of $17.7 million Compared to $12.1 million in the Year Ago Quarter

Tandy O. Lofland and Mark J. Rome Co-Broker Sale of Las Colinas Holiday Inn Express & Suites

Summit Hotel Properties Completes Sale of Holiday Inn Express & Suites in Irving, Texas for $10.5 Million

Summit Hotel Properties Reports First Quarter 2016 Net Income of $44.3 million Compared to $6.4 million in the Year Ago Quarter

Summit Hotel Properties Reports Fourth Quarter And Full Year 2015 Results; Pro forma RevPAR Grew to $97.13, an Increase of 5.5%

Summit Hotel Properties Sells 6 Hotels for $108.3M, Reinstates Agreement for Sale of 10 Hotels for $89.1M, and Acquires 2 Hotels for $109M

American Realty Capital Hospitality Trust Acquires Six Hotels from Summit Hotel Properties for $108.3 Million

Q3 2015 Financial Reports Round Up: Hyatt, Chesapeake, Ryman & Summit

American Realty Capital Hospitality Trust Acquires 10 Hotels for $150 Million from Summit

Summit Hotel Properties Executive Chairman Kerry W. Boekelheide Steps Down

All News »

Please login or register to post a comment.