Summit Hotel Properties, Inc., announced that its Board of Directors has authorized, and the Company has declared, a cash dividend for the third quarter ended September 30, 2022, of $0.04 per share of common stock of the Company and per common unit of limited partnership interest in Summit Hotel OP, LP, the Company’s operating partnership.
The Board of Directors has also authorized, and the Company has declared, a cash dividend of $0.390625 per share of the Company’s 6.25% Series E Cumulative Redeemable Preferred Stock for the dividend period ending on November 30, 2022, and a cash dividend of $0.3671875 per share of the Company’s 5.875% Series F Cumulative Redeemable Preferred Stock for the dividend period ending on November 30, 2022.
Additionally, the Board of Directors has authorized a cash distribution, and the Company has declared on behalf of the operating partnership, distributions of $0.328125 per unit pertaining to the operating partnership’s unregistered 5.25% Series Z Cumulative Perpetual Preferred Units.
The dividends are payable on November 30, 2022 to holders of record as of November 16, 2022.
Summit Hotel Properties, Inc. is a publicly-traded real estate investment trust focused on owning premium-branded hotels with efficient operating models primarily in the Upscale segment of the lodging industry. As of September 30, 2022, the Company’s portfolio consisted of 102 hotels, 61 of which are wholly owned, with a total of 15,323 guestrooms located in 24 states.
For additional information, please visit the Company’s website, www.shpreit.com