David S. Kay Steps Down from Summit Hotel Properties Board of Directors (United States)
Summit Hotel Properties, Inc. today announced 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. a publicly traded real estate investment trust.
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David S. Kay Steps Down from Summit Hotel Properties Board of Directors (United States)
Summit Hotel Properties, Inc. today announced 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. a publicly traded real estate investment trust.
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Category: North America & West Indies / Carribean islands - United States - Events -
Communication/Marketing
This is a press release selected by our editorial committee and published online for free on 2013-12-27
“We have benefited from David’s capital markets expertise since the company’s IPO in 2011,” said Kerry W. Boekelheide, Summit’s Executive Chairman of the Board. “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 $1.4 billion. His new position is a great opportunity for him, and we wish him well in his new endeavor.”
“I have enjoyed serving as a director and working with the management team,” said David S. Kay. “Summit has clearly established itself as a leader in the sector and demonstrated solid commitment to shareholders. I regret that I will miss participating in this continued success, but I am grateful to have been part of Summit’s early growth as a public company.”
About Summit Hotel Properties
Summit Hotel Properties, Inc. is a publicly traded 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. As of September 30, 2013, the company’s portfolio consisted of 92 hotels with a total of 11,002 guestrooms located in 24 states.
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