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Summit Hotel Properties INN Frisco, TX — Consideration transferred to acquire hotel property
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Where this comes from
Reported directly by Summit Hotel Properties in its filing.
Tagged under the XBRL concept us-gaap:AssetAcquisitionConsiderationTransferred.
The source filing: Summit Hotel Properties’s 10-Q, filed August 5, 2026.
- Filed
- Aug 5, 2026, 4:35 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0001497645-26-000064
In June 2026, the GIC Joint Venture acquired an approximately one acre undeveloped parcel of land in Frisco, Texas for $1.4 million. The parcel is adjacent to the three GIC Joint Venture owned lodging properties in Frisco, TX. See “Note 17 - Related Party Transaction” for additional details.
Item 1. Financial Statements
FAQ
- What is Summit Hotel Properties's frisco, TX — consideration transferred to acquire hotel property?
- Summit Hotel Properties (INN) reported frisco, TX — consideration transferred to acquire hotel property of $1.4M in Q2 2026.
- What does frisco, TX — consideration transferred to acquire hotel property mean?
- This metric measures the total purchase price or fair value of consideration paid to acquire hotel assets located in the Frisco, Texas market. It reflects the company's capital deployment intensity and growth strategy within this specific geographic segment. Monitoring this value allows stakeholders to assess the company's investment appetite and the cost basis of new additions to the hotel portfolio.
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