Summit Hotel Properties, Inc. Common Stock (INN)

Competitors to Summit Hotel Properties, Inc. Common Stock (INN)

Apple Hospitality REIT, Inc. 

Apple Hospitality REIT, Inc. directly competes with Summit Hotel Properties by owning a portfolio primarily consisting of upscale, select-service hotels. Both companies deploy similar investment strategies, targeting quality properties in strategic markets to enhance guest experiences and profitability. Apple Hospitality's advantage lies in its strong brand affiliations and loyal customer base through franchise relationships, unique in comparison to Summit's broader asset mix which covers various service levels. This brand strength can sometimes translate into better occupancy rates and revenue per available room, positioning Apple in a more favorable standing.

Chesapeake Lodging Trust

Chesapeake Lodging Trust operates in a similar space as Summit Hotel Properties, focusing on the acquisition and ownership of upscale hotels. Both companies emphasize high-quality properties in key urban markets, competing for similar customer segments. Chesapeake has historically focused on investments in branded upscale hotels, while Summit has a broader portfolio, including both upscale and select-service hotels. Against the backdrop of fluctuating demand in the hotel sector, Chesapeake's targeted investments might give it an edge in specific high-demand markets.

Park Hotels & Resorts, Inc. 

Park Hotels & Resorts, Inc. competes with Summit Hotel Properties by focusing on owning and managing a diversified portfolio of upscale hotels and resorts. Both companies target the same core clientele of business and leisure travelers, offering high-quality accommodations and amenities. Park has a significant size advantage and a larger scale of operations, which allows for operational efficiencies and better financing capabilities, giving it an edge over Summit in terms of market presence. However, Summit's focused investment strategy may provide it with nimbleness in capitalizing on emerging market opportunities.

Xenia Hotels & Resorts, Inc. 

Xenia Hotels & Resorts, Inc. also competes directly with Summit Hotel Properties by focusing on owning high-quality hotel assets primarily in top-tier markets. Both companies seek to maximize returns through strategic acquisitions and property management. Xenia's competitive advantage lies in its experience in managing properties through established hotel brands, allowing for potentially higher profit margins in competitive markets. However, Summit's diversified portfolio across various hotel segments could provide greater resilience in fluctuating market conditions.