Summit Hotel Properties, Inc. is a real estate investment trust (REIT) specializing in owning premium-branded, select-service hotels across the United States. The company's primary function is to acqu... Summit Hotel Properties, Inc. is a real estate investment trust (REIT) specializing in owning premium-branded, select-service hotels across the United States. The company's primary function is to acquire, own, operate, and enhance a portfolio of upscale lodging properties. Summit Hotel Properties focuses on investing in hotels affiliated with high-quality brands such as Marriott, Hilton, and Hyatt, which are known for their consistent performance and strong guest loyalty programs. The company targets diverse geographical markets, offering a balanced exposure to both business and leisure travelers, while catering to a broad array of customer needs. This diversification strategy helps mitigate market volatility and regional economic shifts. In the financial market, Summit Hotel Properties plays a significant role by offering investors access to the hotel sector through a well-managed portfolio of hospitality assets. By concentrating on select-service hotels, the company efficiently balances occupancy and cost management, ensuring financial sustainability and growth potential. As a REIT, Summit distributes the majority of its taxable income as dividends, providing a steady income stream to its shareholders. The company's strategic operations and robust brand affiliations make it a key player within the hospitality investment landscape.Show lessShow more

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Summit Hotel Properties is not subject to EU Taxonomy reporting

Based on current regulatory requirements, Summit Hotel Properties is not required to report EU Taxonomy data under the CSRD framework. As a result, we have not conducted a detailed EU Taxonomy data review for this company.

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