Deal Details
Summit Hotel Completes $288 Million Convertible Notes Offering
Summary
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.
Baird served as a co-manager on this offering.
About
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.CONTACT US TO LEARN MORE
- Date
- January 2021
- Company
- Summit Hotel Properties, Inc.
- Transaction
- Equity Capital Markets
- Sectors
- Real Estate
- Target Geography
- North America
- Acquiror Geography
- North America
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