Summit Hotel Properties Announces Retirement of Craig Aniszewski as Chief Operating Officer

AUSTIN, TX, January 31, 2022 /PRNewswire/ — Summit Hotel Properties, Inc. (NYSE:INN) (“Summit” or the “Company”) today announced that Craig J. Aniszewskiits Executive Vice President and Chief Operating Officer, plans to retire from the Company on 1st of March2022. During his 25 years with Summit and his predecessor, Mr. Aniszewski has played a critical role in the company’s success through his leadership of Summit’s operations, design and construction functions.

Jonathan P. Stanner, President and CEO of the company, said, “I sincerely thank Craig for his tremendous contributions to our growth and success over the years and wish him an excellent retirement. Craig’s ability to deliver results and grow his team has been exceptional and I was privileged to have him as a partner. We are fortunate to have two highly qualified and experienced individuals being promoted as part of Craig’s succession plan. I look forward to continuing to work closely with Larry Trowbridge and Greg James to ensure a successful and smooth transition. »

Mr. Trowbridge, who leads the company’s design and build functions, and Mr. James, who leads the company’s asset management and revenue strategy functions, have worked for the company and its predecessor for nearly 20 years and 15 years, respectively, and each provides over 30 years of industry experience. Together, they will continue to build on Mr. Aniszewski’s accomplishments in developing and leading a best-in-class asset management team, proprietary revenue strategy platform and sophisticated in-house design capabilities. and building.

About Summit Hotel Properties

Summit Hotel Properties, Inc. is a publicly traded real estate investment trust focused on owning premium branded hotels with efficient operating models primarily in the upscale segment of the hotel industry. accommodation. From January 31, 2022the Company’s portfolio consisted of 100 hotels, 61 of which were wholly owned, with a total of 15,051 rooms located in 24 states.

For more information, please visit the company’s website, www.shpreit.com, and follow the company on Twitter 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 Exchange Act of 1934, as amended, pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identifiable by the use of forward-looking terminology such as “may”, “will”, “should”, “potential”, ” intends”, “expects”, “seeks”, “anticipates”, “estimates”, “approximately”, “believes”, “could”, “projects”, “predicts”, “plans”, “continue”, “plan”, “probably”, “would”, “or other similar words or expressions. Forward-looking statements are based on certain assumptions and may include future expectations, future plans and strategies, financial and operating projections or other forward-looking information. Examples of forward-looking statements include Mr. Aniszewski’s expected retirement and expected timing. 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 these statements. These risks and uncertainties include, but are not limited to, the state of the U.S. economy, supply and demand in the hospitality industry and other factors described in greater detail in the Company’s filings with of the Securities and Exchange Commission (“SEC”). . Except as required by law, the Company disclaims any obligation to update the information contained in this press release, whether as a result of new information, future events or otherwise.

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SOURCE Summit Hotel Properties, Inc.

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