Summit Hotel Properties, Inc. (NYSE: INN) (the “Company”) today announced the closing of its acquisition of eight hotels containing an aggregate of 1,043 guestrooms (the “Hyatt Portfolio”) from certain affiliates of Hyatt Hotels Corporation (Hyatt”) for a purchase price of $87.4 million.
|Hyatt Place-Arlington||Dallas (Arlington), TX||127|
|Hyatt Place-Park Meadows||Denver (Lone Tree), CO||127|
|Hyatt Place-Denver Tech Center||Denver (Englewood), CO||126|
|Hyatt House-Denver Tech Center||Denver (Englewood), CO||135|
|Hyatt Place-Owings Mills||Baltimore (Owings Mills), MD||123|
|Hyatt Place-Lombard||Chicago (Lombard), IL||151|
|Hyatt Place-Phoenix||Phoenix, AZ||127|
|Hyatt Place-Scottsdale||Scottsdale, AZ||127|
The Company has entered into an agreement with Select Hotels Group, L.L.C., an affiliate of Hyatt, to operate each hotel.