Summit Hotel Properties, LLC, continued its strategy of acquiring upscale, limited-service hotels with the purchase of four new properties.
The group’s portfolio is now 60 hotels across 21 states.
Said Kerry W. Boekelheidek, CEO:
“We are gaining true momentum as we continue to executive our growth strategy, which is based on the strategic acquisition of leading-brand hotel properties in the upscale, limited-service area.”
Three of the hotels are located in upscale suburbs of Memphis and St. Louis. A fourth hotel is the 116-room Cambria Suites by Choice Hotels international that is under construction and due to open in Boise next year.
Summit Hotel Properties is an affiliate of The Summit Group Inc.
Report by David Wilkening
