Summit Hotel board member steps down

30 December 2013

Summit Hotel Properties, Inc. (NYSE: INN) said that David S. Kay has stepped down from the company´s board of directors as of December 20, 2013 due to the time commitments required by his new position as president of American Realty Capital Properties, Inc. (NASDAQ: ARCP).

Kerry W. Boekelheide, Summit´s executive board chairman, said, “His counsel over the past three years has aided Summit in its growth from 65 to 92 hotels with a total enterprise value of nearly USD1.4bn. His new position is a great opportunity for him, and we wish him well in his new endeavor.”

Summit Hotel Properties is a real estate investment trust focused primarily on acquiring and owning premium-branded, select-service hotels in the upscale and upper midscale segments of the lodging industry.

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