Summit Hotel Properties(INN) Prnewswire·2025-01-23 22:00Core Viewpoint - Summit Hotel Properties, Inc. has declared cash dividends for both common and preferred stock for the fourth quarter of 2024 and the upcoming dividend period ending February 28, 2025, reflecting the company's commitment to returning value to shareholders [1][2][3]. Dividend Announcements - The company declared a cash dividend of 0.390625 per share has been authorized for the 6.25% Series E Cumulative Redeemable Preferred Stock for the dividend period ending February 28, 2025 [2]. - A cash dividend of 0.328125 per unit has been authorized for the unregistered 5.25% Series Z Cumulative Perpetual Preferred Units for the distribution period ending February 28, 2025 [3]. - All dividends are payable on February 28, 2025, to holders of record as of February 14, 2025 [3]. Company Overview - Summit Hotel Properties, Inc. is a publicly-traded real estate investment trust focused on owning premium-branded lodging properties primarily in the Upscale segment of the lodging industry [4]. - As of January 23, 2025, the company's portfolio consists of 97 assets, including 53 wholly owned properties, with a total of 14,553 guestrooms located across 25 states [4].