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.“Our ability to execute accretive acquisitions effectively and efficiently is paramount to bringing value to our investors,” said Dan Hansen, President and CEO of the Company.
Summit Hotel Properties Closes Acquisition Of Hyatt Portfolio
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