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Summit Closes 3 Hotel Deals

From the Austin Business Journal
Summit Closes 3 Hotel Deals
Summit Hotel Properties Inc., which is moving headquarters to Austin, has closed on three hotel acquisitions.
 
The publicly traded real estate investment trust bought a 178-room Residence Inn by Marriott in Salt Lake City for $20 million; a 122-room Hyatt Place in Long Island, N.Y. for $31 million; and a 138-room Hampton Inn & Suites in Tampa, Fla. for $20.8 million, company officials said in a Wednesday news release. Click here for the full story.


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