Summit Hotel Properties Inc.
We are a self-managed hotel investment company organized to continue and expand the existing hotel investment business of our predecessor, Summit Hotel Properties, LLC., a leading U.S. hotel owner. We focus primarily on acquiring and owning premium-branded, select-service hotels in the upscale and upper midscale segments of the U.S. lodging industry. Our current portfolio consists of 90 hotels with a total of 11,353 guestrooms located in 22 states. Our hotels are located in markets in which we have extensive experience and that exhibit multiple demand generators, such as business and corporate headquarters, retail centers, airports and tourist attractions. Based on total number of rooms, approximately 76% of our portfolio is positioned in the top 50 metropolitan statistical areas, or MSAs, and approximately 90% is located within the top 100 MSAs. Approximately 97% of our hotels operate under premium franchise brands owned by Marriott International, Inc. (Courtyard by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Fairfield Inn by Marriott, Fairfield Inn & Suites by Marriott and TownePlace Suites by Marriott), Hilton Worldwide (DoubleTree, Hampton Inn, Hampton Inn & Suites, Homewood Suites and Hilton Garden Inn), InterContinental Hotels Group (Holiday Inn, Holiday Inn Express, Holiday Inn Express & Suites and Staybridge Suites) and an affiliate of Hyatt Hotels Corporation (Hyatt Place and Hyatt House).
Real Estate Specialization
| Hotels |
Investment Type
| JV partnership |
| Acquisition/Fee Simple |
Investment Style
| Value-add |
| Opportunistic |
| Development |
Typical Deal Size
| $10,000,000 - $50,000,000 |
Kerry Boekeheide
Mr. Boekelheide serves as our Executive Chairman of the Board and as a member of our board of directors. He has served as the Chief Executive Officer and as a member of the board of managers of our predecessor since its formation in 2004. Mr. Boekelheide has served as the Chairman and sole director of The Summit Group since 1991. The Summit Group, with its affiliates, developed and acquired 54 hotels from 1991 through 2004. Prior to forming The Summit Group, Mr. Boekelheide was President and a shareholder of Super 8 Management, Inc., which was responsible for the management of over 100 Super 8 Motels located across the United States and Canada, and held numerous other positions in various companies that developed, owned and operated Super 8 Motels in the United States and Canada. Mr. Boekelheide graduated with a B.S. degree in business from Northern State University. Mr. Boekelheide brings leadership and extensive experience and knowledge of our company and industry to the board. As the founder and president of our predecessor, Mr. Boekelheide has the most long-term and valuable hands-on knowledge of the issues, opportunities and challenges facing us and our business. In addition, Mr. Boekelheide brings his broad strategic vision for our company to the board.
Daniel Hansen
Mr. Hansen serves as our President and Chief Executive Officer and as a member of our board of directors. Mr. Hansen joined The Summit Group in October of 2003 as Vice President of Investor Relations. His responsibilities included leading the capital raising efforts for our predecessor’s private placements of its equity securities and assisting in acquisition due diligence. In 2005, he was appointed to our predecessor’s board of managers and was promoted to Executive Vice President, in which capacity he was part of the team that acquired over $140 million of hotel properties and led the development of over $240 million of hotel assets. He was appointed President of The Summit Group and Chief Financial Officer of our predecessor in 2008. His primary responsibilities included the development and execution of growth strategies for both companies, raising equity capital and hotel development and acquisition. Prior to joining The Summit Group, Mr. Hansen spent 11 years with Merrill Lynch, Pierce, Fenner & Smith Incorporated, or Merrill Lynch, in various leadership positions, culminating as a Vice President and Regional Sales Manager for Merrill Lynch in the Texas Mid-South Region, which included Texas, Louisiana, Arkansas and Oklahoma. Mr. Hansen graduated from South Dakota State University with a B.A. in economics. Mr. Hansen’s service as our President and Chief Executive Officer provides a critical link between management and the board, enabling the board to perform its oversight function with the benefits of management’s perspectives on the business. Mr. Hansen also provides us with extensive experience in the hospitality industry as well as a capital markets background that will assist our board in analyzing capital raising opportunities and issues.
Craig Aniszewski
Daniel Boyum
Stuart Becker
- +1 512 538 2303
- sbecker@shpreit.com
Dan Boyum
- +1 605 782 2015
- dboyum@shpreit.com
Scarlett Tucker
- +1 512 538 2382
- stucker@shpreit.com
Adam Wudel
- +1 512 538 2325
- awudel@shpreit.com