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Summit Hotel Properties, Inc. (NYSE: INN) (“the Company”) announced today that on May 13, 2016, it completed the sale of the Holiday Inn Express & Suites located in Irving (Las Colinas), Texas containing 128 guestrooms for a total sales price of $10.5 million. “We are very pleased to have sold this hotel at a price we believe validates the benefits of premium select-service hotels. With RevPAR nearly 30 percent below our portfolio’s average, this sale demonstrates our commitment to enhancing portfolio quality,” said President and Chief Executive Officer, Daniel P. Hansen. The sales price represents a capitalization rate of 7.7 percent on the hotel’s net operating income, including planned capital improvements, for the trailing twelve months ended March 31, 2016. The Company estimates the hotel would have contributed approximately $0.2 million and $0.6 million of EBITDA from the sale date through the second quarter and full year 2016, respectively. The hotel was not part

United statesIrving las colinasDanielp hansenSummit hotel properties incAmerican realty capital hospitality trust incSummit hotel propertiesHoliday inn expressLas colinasChief executive officerAmerican realty capital hospitality trustஒன்றுபட்டது மாநிலங்களில்இவிஂக் லாஸ் காலின்ஸ்உச்சிமாநாடு ஹோட்டல் ப்ராபர்டீஸ் இன்க்உச்சிமாநாடு ஹோட்டல் ப்ராபர்டீஸ்விடுமுறை சத்திரம் எக்ஸ்பிரஸ்லாஸ் காலின்ஸ்