Summit Hotel Completes $288 Million Convertible Notes Offering

Real Estate

Summit Hotel 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.
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Real Estate

Summit Hotel convertible notes offering

Date
January 2021
Company
Summit Hotel Properties, Inc.
Transaction
Equity Capital Markets
Sectors
Real Estate
Target Location
North America
Acquiror Location
North America

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