Summit Hotel Properties Highlights 2024 Corporate Responsibility Efforts

Author: Addison Perry Updated: 09-11-2024 05:43 PM

Summit Hotel Properties Launches 2024 Responsibility Report

Summit Hotel Properties, Inc. (NYSE: INN) has unveiled its annual Corporate Responsibility Report, underscoring its ongoing dedication to enhancing shareholder value through responsible investments and environmental stewardship. This report emphasizes the company's commitment to its employees, communities, and stakeholders.

Advancement in Environmental and Social Practice

In a recent statement, Jonathan P. Stanner, the President and CEO, expressed pride in the progress made in advancing the company's Environmental, Social, and Governance (ESG) initiatives. Stanner highlighted that the evolving landscape of ESG requires continuous adaptation, and Summit Hotel Properties aims to align its efforts with the interests of its various stakeholders.

Commitment to Sustainable Practices

Notably, Summit has achieved 87% of its targeted reduction goals that are set to conclude by the end of 2025. Their commitment to community engagement is evident, with nearly $1,000,000 directed towards charitable contributions and over 1,400 hours dedicated to volunteer service, supporting 55 different charitable organizations.

Diversity and Inclusion at the Core

Summit Hotel Properties continues to promote a diverse, equitable, and inclusive workplace culture. The focus on fostering merit-based recognition and performance-driven rewards highlights their aim to create an environment where all employees can thrive.

Understanding Corporate Responsibility

The Corporate Responsibility Report serves as a resource for stakeholders to comprehend the company's pledges towards environmental sustainability, social responsibility, and sound governance. Summit aims not only to report progress but also to enhance transparency regarding its commitment to these pivotal areas.

About Summit Hotel Properties

Summit Hotel Properties, Inc. specializes in owning premium-branded hotels, with a keen focus on efficient operational models primarily within the upscale lodging sector. The company manages a diverse portfolio comprising 96 assets, including 54 wholly-owned properties, providing a total of 14,256 guest rooms across 24 states. This strategic focus underlines the company's commitment to high standards in the hospitality industry.

Engagement with the Community

Continuing its dedication to community well-being, Summit Hotel Properties actively engages in various local initiatives, reinforcing its connection with the neighborhoods it operates in. The company believes that strong community relationships foster trust and loyalty among guests and stakeholders alike.

Frequently Asked Questions

What is included in the Corporate Responsibility Report?

The report outlines the company’s commitments to environmental stewardship, social responsibility, and governance practices.

What are the goals of Summit Hotel Properties regarding ESG?

Summit aims to enhance its sustainability efforts, achieve significant reductions in environmental impact, and engage meaningfully with communities.

How does Summit Hotel Properties support its employees?

The company promotes a diverse and inclusive culture, rewarding excellence and performance to foster employee growth.

Where can stakeholders find the report?

The report is accessible on the company’s website in the 'Responsibility' section for stakeholders to review.

What is the focus of Summit Hotel Properties?

Summit focuses on premium-branded lodging properties, emphasizing efficiency and high service quality in the upscale market segment.

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