Jonathan P. Stanner to Join Summit Hotel Properties, Inc. as Executive Vice President & Chief Investment Officer, Effective April 17, 2017
April 04, 2017 at 07:00 pm IST
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Summit Hotel Properties, Inc. announced that Jonathan P. Stanner will join the company as Executive Vice President & Chief Investment Officer, effective April 17, 2017. Stanner will be an integral part of the Company's investment, acquisition, and capital markets strategy. Most recently Mr. Stanner served as Chief Executive Officer of Strategic Hotels & Resorts, Inc.
Summit Hotel Properties, Inc. is a real estate investment trust. The Company is focused on owning premium-branded lodging properties with operating models primarily in the upscale segment of the lodging industry. Its portfolio consists of approximately 96 assets, 54 of which are wholly owned, with a total of 14,256 guestrooms located in 24 states. Its properties are located in markets with multiple demand generators, such as corporate offices and headquarters, retail centers, airports, state capitols, convention centers, universities, and leisure attractions. Its guestrooms operate under franchise brands owned by Marriott International, Inc. (Marriott), Hilton Worldwide (Hilton), Hyatt Hotels Corporation (Hyatt), and InterContinental Hotels Group (IHG). It holds both general and limited partnership interests in Summit Hotel OP, LP (the Operating Partnership). Substantially, all of its assets are held by, and all of its operations are conducted through, the Operating Partnership.