Hotel Online  Special Report

The Summit Group Acquires 4 Limited Service Hotels; 
427 rooms for $27.7 million -- or $64,871 per room


SIOUX FALLS, S.D. - March 14, 2005 -- The Summit Group, Inc., a leading developer, owner and manager of upscale limited-service hotels nationwide, today announced the purchase of four leading brand hotels, including Fairfield Inn, Hampton Inn & Suites and two Courtyard by Marriott properties.

Under these agreements, The Summit Group has purchased 427 rooms for $27.7 million -- or $64,871 per room -- bringing the total number of properties in the Company's portfolio to 57 hotels across 21 states.

"Our strategy for growth relies on the acquisition of the strongest brands in the upscale limited-service hotel arena - and these brands are clearly among the best of the best in the industry," said Kerry W. Boekelheide, chief executive officer and chairman of The Summit Group, Inc. "We carefully selected these locations as part of our strategy to grow through geographic diversification, as these properties will help The Summit Group expand its footprint in the South and Southeastern parts of the United States."

The Summit Group's new properties include:

  • Fairfield Inn - 106-room hotel in Fenton (metro St. Louis), purchased from Dominion Hospitality
  • Courtyard by Marriott (117 rooms) and Hampton Inn & Suites (111 rooms) -- both in Jackson, MS, purchased from Master Hospitality Services, Inc.
  • Courtyard by Marriott - 93-room hotel in Germantown, TN, also purchased from Master Hospitality Services, Inc.
About The Summit Group, Inc.

The Summit Group, Inc. is a developer, owner and manager of upscale limited-service hotels nationwide. The Company owns and operates all the hotels in its portfolio of 57 properties in 21 states. The Summit Group's growing portfolio includes leading hotel brands such as Marriott International, Inc. (Courtyard, Springhill Suites, Fairfield Inn and TownePlace Suites), Hilton Hotels Corporation (Homewood Suites, Hampton Inn, Hampton Inn & Suites), InterContinental Hotels Group (Holiday Inn Express), and Choice Hotels International (Comfort Suites, Comfort Inn). Approximately 46 percent of The Summit Group's portfolio hotels are Marriott properties. 

Current Properties
Tucson Comfort Suites
Scottsdale Courtyard by Marriott
Scottsdale Springhill Suites

Fort Smith Comfort Inn
Fort Smith Aspen Hotel and Suites
Little Rock SpringHill Suites

Denver International Airport Fairfield Inn
Fort Collins Hampton Inn
Lakewood (West Denver) Comfort Suites
Lakewood (West Denver) Fairfield Inn
Pueblo Hampton Inn
Greenwood Village (Denver Tech Center) Hampton Inn

Lithia Springs SpringHill Suites

Boise Fairfield Inn
Boise Hampton Inn
Coeur d'Alene Fairfield Inn
Idaho Falls Comfort Inn
Lewiston Comfort Inn
Pocatello Comfort Inn
Twin Falls Comfort Inn
Twin Falls Hampton Inn
Twin Falls Holiday Inn Express Hotels & Suites

Vernon Hills (North Chicago) Hawthorn Suites

Emporia Fairfield Inn
Emporia Holiday Inn Express Hotel & Suites
Overland Park (Kansas City) Homewood Suites
Salina Comfort Inn
Salina Fairfield Inn

Baton Rouge Fairfield Inn
Baton Rouge SpringHill Suites
Baton Rouge TownePlace

Downtown Detroit Holiday Inn Express Hotel and Suites

Jackson TownePlace

St Joseph Comfort Suites

Missoula Comfort Inn

Lincoln Quality Suites

Medford Hampton Inn

Bradford Comfort Inn

Sioux Falls Baymont Inn & Suites

Nashville SpringHill Suites

Fort Worth Comfort Suites
Lewisville (North Dallas) Fairfield Inn

Provo Hampton Inn
Sandy (Salt Lake City) Comfort Suites

Bellevue (Seattle) Fairfield Inn
Ellensburg Comfort Inn
Kennewick Comfort Inn
Kennewick Fairfield Inn
Spokane Fairfield Inn

Charleston Comfort Suites
Charleston Country Inn & Suites

Sturgeon Bay Comfort Inn


The Summit Group, Inc.
2701 S Minnesota, Suite 6 
Sioux Falls, SD 57105
Phone: 605-361-9566

Also See: The Summit Group of Sioux Falls Acquiring the 252-room Ambassador Hotel in Downtown Detroit / Aug 2002
Thompson Calhoun Fair Brokers Sale of the Fairfield Inn - Fenton (St. Louis), Missouri/ January 2005

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