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Summit Hotel Properties to Acquire Ten Hotels

SIOUX FALLS, S.D.— Summit Hotel Properties, Inc. (the “Company”) announced that it has entered into a definitive agreement to acquire a portfolio of eight unencumbered hotels containing an aggregate of 1,043 guestrooms (the “Hyatt Portfolio”) from certain affiliates of Hyatt ...

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REITs and the Recovery

Last May, Tom Baltimore, president and CEO of RLJ Lodging Trust, and his management team were engrossed in some strategic thinking. Part of the diverse business portfolio of The RLJ Companies, founded by Robert L. Johnson, who is probably best ...

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