Baird's Investment Banking Group is pleased to announce the following transaction:

January 2021
Summit Hotel Properties, Inc.
Convertible Notes Offering
Real Estate
Baird served as a co-manager on this offering
$287.500 Million

Summit Hotel Properties, Inc. (the “Company”) (NYSE: INN) recently completed an offering of $287.5 million aggregate principal amount of 1.50% Convertible Senior Notes due 2026.

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 January 12, 2021, the Company's portfolio consisted of 72 hotels, 67 of which were wholly owned, with a total of 11,288 guestrooms located in 23 states.

For additional information about this transaction, please contact:

Steve Goldberg +1-703-394-1808
Sandy Walter +1-414-298-5118
Ryan Engelhardt +1-414-298-2637