Summit Hotel Properties Acquires Residence Inn Scottsdale North for $29 Million

Summit Hotel Properties | June 5, 2023

AUSTIN, Texas, June 5, 2023-- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it has completed the acquisition of the 120-guestroom Residence Inn Scottsdale North for $29.0 million through its joint venture with GIC. Additionally, the Company is providing an update on previously announced disposition activity. Residence Inn Scottsdale North Acquired for $29.0 Million On June 1, 2023, the Company completed the acquisition of the 120-guestroom Residence Inn Scottsdale North ("Hotel") for $29.0 million through its joint venture with GIC. Located in Phoenix's high growth affluent North Scottsdale s...