For the twelve-month period ended June 30, 2012, on a weighted-average basis, the hotels in the Hyatt Portfolio had occupancy of 74.0%, an average daily rate (“ADR”) of $96.42 and revenue per available room (“RevPAR”) of $71.35.“We continue to see terrific opportunities to grow our portfolio,” said Dan Hansen, President and CEO of the Company. “This acquisition is a result of our great relationship with Hyatt and we look forward to exploring future opportunities and continuing to grow that relationship.”
Summit Hotel Properties To Acquire Ten Hotels, Including A Portfolio Of Eight From Hyatt
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