Summit completes acquisition deals for 4 hotels

Summit Hotel Properties has closed on four hotel purchases. The newly acquired properties are a 92-room Courtyard by Marriott hotel in Missoula, Mont.; a 138-room Hampton Inn & Suites in Tampa, Fla.; a 122-room Hyatt Place in Long Island, N.Y. and a 178-room Residence Inn by Marriott in Salt Lake City. The total purchase price for all four hotels amounts to $79.45 million. Read the American City Business Journals story here.

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