Jonathan Stanner on asset acquisition
From Summit Hotel Properties CEO Sees Travel as Long-Term Secular Growth Industry · · Nareit1
“Since the pandemic, we've bought over a billion dollars of assets, much concentrated in the Sun Belt due to better demographic patterns, corporate relocations, and people migration into these markets.”
On , Jonathan Stanner, President, Chief Executive Officer & Director at SUMMIT HOTEL PROPERTIES INC, spoke about asset acquisition during Summit Hotel Properties CEO Sees Travel as Long-Term Secular Growth Industry on Nareit1.
About Jonathan Stanner
Jonathan Stanner, president and CEO of Summit Hotel Properties, said in December 2025 that the 2026 World Cup is expected to be a meaningful tailwind for lodging demand, noting that the company’s markets will host about 40 matches and that six or seven markets will see a "really big lift" from the games. He also said the company will implement a specific revenue management strategy around special events such as the World Cup and USA 250. Stanner described 2025 as a year with a pullback in government demand and international inbound travel, but expressed optimism that both segments would stabilize and recover. In earlier appearances in 2024 and 2025, Stanner described travel as a "secular winner" and said hotels would benefit from that trend once policy uncertainty clears. He noted that Summit had been a net seller of assets, selling nine hotels for about $140 million at a blended 5% cap rate, and that the company had used the proceeds to pay down debt and redeploy capital into markets with better risk-adjusted returns. Stanner also highlighted the company’s balance sheet position, stating that it had no maturities through 2027 and over $300 million of liquidity. He said the company remained disciplined about acquisitions and would continue to be opportunistic on both the buy and sell side.