The Hotel Market Check-In: Summit, Carlson, White Lodging

Law360, New York (October 17, 2013, 1:51 PM ET) -- Summit Hotel Properties Inc. on Monday announced that it had executed a new $300 million financing package from a consortium led by Deutsche Bank AG that includes a $225 million revolving credit facility and a $75 million term loan. The facility, which can be increased later by another $100 million, was sealed up just as Summit also closed on two California hotel buys totaling $31 million, which scored it Hampton Inn & Suites-flagged properties in San Diego and Camarillo, Calif. InterContinental Hotels Group also recently put...
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