Summit Hotel Properties announced its Q4 2021 results, noting significant improvement in operating fundamentals, with portfolio-wide RevPAR reaching its highest level relative to 2019 since the pandemic's start and more than doubling year-over-year. The company also highlighted nearly $900 million in high-quality acquisitions in high-growth markets.
Portfolio-wide RevPAR reached its highest level relative to 2019 since the pandemic onset.
RevPAR more than doubled from a year ago.
Completed the acquisition of the Embassy Suites by Hilton Tucson / Paloma Village for $25.5 million.
Announced nearly $900 million of high-quality, well-located acquisitions in high growth markets.
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