Recent Updates — INN

Summit Hotel Properties announced the appointment of Michael Nieves as Executive Vice President and Chief Financial Officer, effective November 1, 2026. Nieves joins from PENN Entertainment, where he served as Senior Vice President of Finance and Treasurer. The company also promoted Adam Wudel to Executive Vice President and Chief Operating Officer on the same date. Wudel has been with Summit since its initial public offering in 2011, most recently serving as Executive Vice President of Corporate Development. Both executives entered into one-year employment agreements with automatic extensions, base salaries of $450,000, and performance bonus eligibility. Nieves will receive a time-based restricted stock award valued at $750,000. Summit Hotel Properties is a real estate investment trust focused on owning premium-branded lodging properties primarily in the Upscale segment of the lodging industry.

Summit Hotel Properties, Inc. announced that William Conkling will resign as Executive Vice President and Chief Financial Officer effective June 15, 2026. The departure is not due to any disagreements regarding company operations or financial disclosures. Under a separation agreement, Conkling will provide consulting services from June 16, 2026, through September 30, 2026, for a monthly fee of $25,000. Jonathan Stanner, the current President and Chief Executive Officer, will assume the role of principal financial officer on June 15, 2026, without additional compensation. The company is a real estate investment trust operating in the hospitality industry.