Summit Hotel Properties(INN) - 2022 Q4 - Earnings Call Transcript

The portfolio has performed ahead of our initial expectations despite a labor intensive transition period during which we implemented numerous operational initiatives such as complexing multiple hotel operations and creating sales clusters to optimize revenue. As you will recall, many of these hotels are newly constructed and have never participated in a traditional RFP season, creating ample opportunity to grow midweek negotiated business in 2023. The hotels have ramped quickly since their December 2021 op ...