Jonathan P. Stanner appointed Executive Vice President and Chief Investment Officer of Summit Hotels

Austin, Texas – 4 April 2017 –
Summit Hotel Properties announced that Jonathan P. Stanner will join the Company as Executive Vice President & Chief Investment Officer effective April 17, 2017. Stanner will be an integral part of the Company’s investment, acquisition, and capital markets strategy.

1 Jonathan P. Stanner

Most recently Mr. Stanner served as Chief Executive Officer of Strategic Hotels & Resorts, Inc., which was publicly-traded until being sold to the Blackstone Real Estate Partners VIII fund in 2015 in a high profile transaction valued at approximately $6 billion. Stanner held increasingly senior positions with Strategic Hotels & Resorts since he joined the company in 2005, including Director of Corporate Finance, Senior Vice President – Capital Markets, Acquisitions and Treasurer and Chief Financial Officer. Prior to joining Strategic Hotels & Resorts, Mr. Stanner was an investment banking analyst with Banc of America Securities.

Mr. Stanner earned a Bachelor of Science in Management and a Master of Business Administration, both from the Krannert School of Management at Purdue University.