AUSTIN, Texas, March 21, 2019 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that its newly-developed Hyatt House Across From Orlando Universal Resort™ was the recipient of the 2018 Opening Hotel Performance Award by Hyatt. The annual award recognizes an opening hotel sales team that delivered outstanding performance during the opening process for their hotel. Criteria for the award is based on the shortest time period to achieve 100+ RevPAR Index and the length of time maintained for hotels open for less than 24 months. The hotel achieved an impressive RevPAR Index of 101.1 in its first month being open and has since achieved an average RevPAR Index of 120.5, highlighted by a 137.4 RevPAR Index in January 2019.
"Congratulations to the entire team at our Hyatt House Orlando for their dedication to success and for being recognized as the nation's top performing team for newly opened hotels across the entire Hyatt House and Hyatt Place brands," said Dan Hansen, the Company's Chairman, President and Chief Executive Officer. "By leveraging our in-house development expertise and valued partnership with Hyatt, we delivered a terrific hotel that has been well-received by guests, making the Hyatt House Orlando an excellent addition to our portfolio of high-quality, well-located hotels, that we believe are uniquely positioned to create long-term shareholder value," commented Mr. Hansen.
Opened in June 2018, the 168-guestroom upscale, extended-stay hotel is located adjacent to the Company's existing Hyatt Place hotel and conveniently situated within walking distance of Universal Orlando Resort™ and a short shuttle ride from the new Volcano Bay™ water park. Other nearby entertainment venues include Walt Disney World® Resort, SeaWorld® Orlando, ICON Orlando 360™, and SEA LIFE Orlando Aquarium. Major corporations in the area include Lockheed Martin, Siemens, and Deloitte, among others. The Hyatt House Across From Orlando Universal Resort™ also provides easy access to the Orange County Convention Center, downtown Orlando, and Orlando International Airport.
Please visit https://acrossfromuniversalorlando.house.hyatt.com to learn more about the new Hyatt House Across From Orlando Universal Resort™.
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 lodging industry. As of March 21, 2019, the Company's portfolio consisted of 75 hotels with a total of 11,529 guestrooms located in 25 states.
For additional information, please visit the Company's website, www.shpreit.com and follow the Company on Twitter at @SummitHotel_INN.
SOURCE Summit Hotel Properties, Inc.