AUSTIN,
Texas, Sept. 11, 2024 /PRNewswire/ -- Summit
Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced
the publication of its annual Corporate Responsibility Report,
which presents the Company's ongoing commitment to creating
long-term shareholder value by investing responsibly, safeguarding
the environment, and supporting its employees, communities, and
other stakeholders.
"I am pleased to share the continued
progress we made in advancing our Environmental, Social, and
Governance (ESG) program and initiatives over the past year.
We recognize that the ESG landscape continues to evolve and we
believe our program addresses the interests of our many
stakeholders. Our commitment to sustainability and responsibility
has not only strengthened our organization but also exemplifies our
dedication to having a positive effect on all of these
constituencies," stated Jonathan P.
Stanner, President and Chief Executive Officer. "We
have already reached 87% of the reduction target that we are
working to achieve by the end of 2025 and our commitment to
community engagement remains steadfast with our contributions and
charitable activities approaching $1,000,000 and 1,400 service volunteer hours,
respectively, to support 55 charitable organizations. We continue
to foster a diverse, equitable, and inclusive work culture that
recognizes and rewards excellence based on merit and performance.
We are excited for current and future opportunities to further
enhance our ESG program to support our values," continued Mr.
Stanner.
The Corporate Responsibility Report is designed to help
stakeholders better understand the Company's commitments to
environmental stewardship, social responsibility and governance,
and resilience. The report can be viewed in the "Responsibility"
section of the Company's website at
http://www.shpreit.com/responsibility/about.
About Summit Hotel Properties
Summit Hotel Properties, Inc. is a publicly-traded real estate
investment trust focused on owning premium-branded lodging
properties with efficient operating models primarily in the Upscale
segment of the lodging industry. As of September 11, 2024, the Company's portfolio
consisted of 96 assets, 54 of which are wholly owned, with a total
of 14,256 guestrooms located in 24 states.
For additional information, please visit the Company's website,
www.shpreit.com, and follow the Company on X
at @SummitHotel_INN.
Forward Looking Statements
This press release contains statements that are "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Act of 1934,
as amended, pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements are generally identifiable by use of forward-looking
terminology such as "may," "will," "should," "potential," "intend,"
"expect," "seek," "anticipate," "estimate," "approximately,"
"believe," "could," "project," "predict," "forecast," "continue,"
"plan," "likely," "would" or other similar words or
expressions. These forward-looking statements relate to the
payment of dividends. Forward-looking statements are based on
certain assumptions and can include future expectations, future
plans and strategies, financial and operating projections or other
forward-looking information. These forward-looking statements are
subject to various risks and uncertainties, not all of which are
known to the Company and many of which are beyond the Company's
control, which could cause actual results to differ materially from
such statements. These risks and uncertainties include, but are not
limited to, the state of the U.S. economy, supply and demand in the
hotel industry and other factors as are described in greater detail
in the Company's filings with the Securities and Exchange
Commission, including, without limitation, the Company's Annual
Report on Form 10-K for the year ended December 31, 2023. Unless legally required, the
Company disclaims any obligation to update any forward-looking
statements, whether as a result of new information, future events
or otherwise.
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SOURCE Summit Hotel Properties, Inc.
