Summit Hotel Properties, Inc. (Summit REIT) is a real estate investment trust (REIT). The Company is a hotel investment company. Summit REIT holds both general and limited partnership interests in Summit Hotel OP, LP (the Operating Partnership). The Company conducts its business through its operating partnership. As of December 31, 2011, its real estate investment portfolio consisted of 70 upscale, upper midscale and midscale hotels with a total of 7,095 guestrooms located in small, mid-sized and suburban markets in 19 states. It focuses on acquiring and owning hotels in the upper midscale and upscale segments of the United Sates lodging industry, as these segments are defined by Smith Travel Research (STR). In October 2013, Summit Hotel Properties Inc closed on the acquisition of two hotels. The Company also announced the disposition of three hotels.