Summit Hotel Properties Unveils Annual Corporate Responsibility Progress Report

Summit Hotel Properties Shares Commitment Through New Report

Summit Hotel Properties, Inc. (NYSE: INN) has released its annual Corporate Responsibility Report, emphasizing its dedication to sustainable business practices that create enduring value for shareholders. This report showcases how the company prioritizes responsible investment, environmental protection, and community support.

Advancing Environmental, Social, and Governance Initiatives

Jonathan P. Stanner, President and Chief Executive Officer, expressed pride in the progress made in advancing their Environmental, Social, and Governance (ESG) initiatives. He noted that the rapidly changing ESG landscape is addressed effectively by the company’s programs, which have strengthened not only the organization but also positively impacted various stakeholders.

Meeting Reduction Targets

The company has achieved 87% of its reduction target aimed for completion by the end of 2025. This achievement showcases Summit's strong commitment to sustainability. Their ongoing community involvement has led to contributions nearing $1,000,000 and over 1,400 volunteer hours dedicated to numerous charitable organizations, reflecting a robust approach to social responsibility. Summit promotes a diverse and inclusive work environment that values merit and performance across all levels.

Understanding the Report's Importance

The Corporate Responsibility Report serves as a helpful resource for stakeholders, allowing them to better appreciate Summit's commitments to environmental stewardship, social responsibility, and effective governance. This is critical for sustaining the trust and support of investors, customers, and communities alike.

Accessing the Report

Stakeholders can access the full report in the "Responsibility" section of the Summit Hotel Properties website, offering insights into their ongoing efforts and future initiatives towards enhancing their ESG program.

About Summit Hotel Properties, Inc.

Summit Hotel Properties focuses on premium-branded lodging, acting as a publicly-traded real estate investment trust (REIT). With a portfolio consisting of 96 properties and 14,256 guestrooms across 24 states, Summit remains at the forefront of the upscale lodging industry. Their effective operational models ensure a high-quality experience for guests while driving shareholder value.

Connect with Summit Hotel Properties

To learn more about Summit Hotel Properties and its endeavors, visit their official website. Stay updated on their latest news and initiatives by following them on X at @SummitHotel_INN.

Frequently Asked Questions

What is the purpose of the Corporate Responsibility Report?

The report highlights Summit's ongoing commitment to sustainable practices and social responsibility, providing transparency to stakeholders regarding their ESG initiatives.

Who is the CEO of Summit Hotel Properties?

Jonathan P. Stanner serves as the President and Chief Executive Officer of Summit Hotel Properties, guiding the company's focus on sustainability and community engagement.

How much has Summit contributed to charitable organizations?

Summit Hotel Properties has contributed nearly $1,000,000 to charitable organizations and dedicated over 1,400 hours of volunteer service to support various community initiatives.

What is the current status of Summit's reduction targets?

Summit has reached 87% of its reduction target intended for completion by the end of 2025, reflecting significant progress in their sustainability efforts.

Where can I find more information about Summit's initiatives?

Additional information can be found on the Summit Hotel Properties website, where stakeholders can access the Corporate Responsibility Report and learn more about their initiatives.

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