Summit Hotel Properties Appoints Interim Chief Financial Officer

Summit Hotel Properties, Inc. (NYSE:INN) (the “Company”) today announced the appointment of Chief Accounting Officer, Paul Ruiz as interim Chief Financial Officer, effective immediately. Mr. Ruiz will assume the responsibilities from Stuart Becker, who has resigned. The Company has engaged Korn Ferry to conduct a nationwide search for a permanent Chief Financial Officer.

“Paul’s experience, coupled with the depth of our finance team, will serve us well during this transition. Furthermore, let me thank Stuart for his many contributions to Summit Hotel Properties as Chief Financial Officer and wish him well in his future endeavors,” said Daniel Hansen, President and Chief Executive Officer of Summit Hotel Properties.

Mr. Ruiz joined Summit Hotel Properties in May 2014 and has over 25 years of executive, financial, accounting and operational experience. Prior to joining Summit, Mr. Ruiz served in senior executive roles for companies in a variety of industries, including real estate and technology. Most recently, Mr. Ruiz was the Director of Global Corporate Accounting for Freescale Semiconductor, Inc. (NYSE: FSL), a global leader in semiconductors. He began his career with PricewaterhouseCoopers where he was an audit manager providing audit and business advisory services to entrepreneurial, rapidly growing and Fortune 500 companies.

Mr. Ruiz graduated with highest honors from the University of Texas at Austin with a Bachelor of Business Administration in Accounting and earned his Masters in Business Administration from Baylor University. He is a Certified Public Accountant.

About Summit Hotel Properties

Summit Hotel Properties, Inc. is a publicly-traded real estate investment trust focused primarily on acquiring and owning premium-branded select-service hotels in the upscale and upper midscale segments of the lodging industry. As of May 29, 2014, the Company’s portfolio consisted of 90 hotels with a total of 11,353 guestrooms located in 22 states.

For additional information, please visit the Company’s website, and follow on Twitter at @SummitHotel_INN.

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