Summit Hotel Properties Announces Pending Acquisition of Two-Hotel Portfolio for $96 Million Through…

AUSTIN, Texas, Dec. 10, 2024 /PRNewswire/ — Summit Hotel Properties, Inc. (NYSE: INN) (the “Company”), through its joint venture with GIC, today announced that it is under contract to acquire the 250-guestroom Hampton Inn Boston – Logan Airport and the 149-guestroom Hilton Garden Inn Tysons Corner for a combined purchase price of $96.0 million, or $241,000 per key. The purchase price represents an 8.8% capitalization rate…