BRIEF-Summit Hotel Properties Announces Pending Acquisition Of Two-Hotel Portfolio For $96 Million Through GIC Joint Venture-March 2024-www.financetom.com

BRIEF-Summit Hotel Properties Announces Pending Acquisition Of Two-Hotel Portfolio For $96 Million Through GIC Joint Venture

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BRIEF-Summit Hotel Properties Announces Pending Acquisition Of Two-Hotel Portfolio For $96 Million Through GIC Joint Venture

Dec 10, 2024 2:24 PM

Dec 10 (Reuters) - Summit Hotel Properties Inc ( INN ):

* SUMMIT HOTEL PROPERTIES ANNOUNCES PENDING ACQUISITION OF

TWO-HOTEL PORTFOLIO FOR $96 MILLION THROUGH GIC JOINT VENTURE

* SUMMIT HOTEL PROPERTIES INC ( INN ) - TRANSACTION TO BE FINANCED

WITH

CASH AND $50 MILLION TERM LOAN

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