Summit Hotel Properties Inc | 6.45% Series D Cumulative Redeemable Preferred Stock (INN.PRD)
This preferred is marked as having been called.
Prospectus excerpt: Summit Hotel Properties, Inc. is offering 3,000,000 shares of its 6.45% Series D Cumulative Redeemable Preferred Stock, $0.01 par value per share, or the Series D Preferred Stock.
Summit Hotel Properties is a holding company. Through its subsidiaries, Co. is a self-managed hotel investment company. Substantially all of Co.'s assets are held by, and all of its operations are conducted through, its operating partnership, Summit Hotel OP, LP (the Operating Partnership). Through a wholly-owned subsidiary, Co. is the sole general partner of the Operating Partnership. Co. focuses on owning select-service hotels. Co.'s portfolio consists of hotels with guestrooms located in various states. All of Co.'s hotel guestrooms are operated under franchise brands owned by Marriott® International, Inc., Hilton® Worldwide, Hyatt® Hotels Corporation and InterContinental® Hotels Group.