Summit Hotel Properties Completes Acquisition of the Residence Inn by Marriott Boston Watertown

Summit Hotel Properties | October 1, 2018

AUSTIN, Texas, Oct. 1, 2018 -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") reported today that it has completed the acquisition of the 150-guestroom Residence Inn by Marriott Boston Watertown and the previously announced sale of the 148-guestroom Hyatt Place Fort Myers/at the Forum. "We are thrilled with the acquisition of the Residence Inn by Marriott Boston Watertown, which represents a continuation of our capital allocation strategy by acquiring an exceptionally well-located hotel in a vibrant market," said Chairman, President and Chief Executive Officer Daniel P. Hansen. "With the completion of...