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SUMMIT HOTEL PROPERTIES REPORTS SECOND QUARTER 2024 RESULTS
INNSummit Hotel Properties(INN) Prnewswire·2024-07-29 20:30

Net Income Increases to 30.8MillionforSecondQuarter2024AUSTIN,Texas,July29,2024/PRNewswire/−−SummitHotelProperties,Inc.(NYSE:INN)(the"Company"),todayannouncedresultsforthethreeandsixmonthsendedJune30,2024.ProformaRevPAR:ProformaRevPARincreased3.4percentto30.8 Million for Second Quarter 2024 AUSTIN, Texas, July 29, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), today announced results for the three and six months ended June 30, 2024. Pro forma RevPAR: Pro forma RevPAR increased 3.4 percent to 132.41 compared to the second quarter of 2023. Pro forma ADR increased 0.9 percent to $170.46 compared to the same period in 2023, and pro forma occupancy increased 2.4 percent to 77.7 percent. Adjusted FFO Incr ...