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Summit Hotel Properties Reports First Quarter 2021 Results Portfolio Demand and RevPAR Accelerate to New Highs Since Onset of Pandemic Six-Hotel Portfolio Contribution to GIC Joint Venture Completed for $172 Million Current Liquidity Bolstered to Nearly $450 Million News provided by Share this article Share this article AUSTIN, Texas, May 4, 2021 /PRNewswire/  Summit Hotel Properties, Inc. (NYSE: INN) (the Company ), today announced results for the first quarter ended March 31, 2021. Hotel demand, particularly leisure demand, improved significantly during the latter part of the first quarter driving March RevPAR to a new high of more than $65 since the onset of the pandemic, which exceeded February s previous high by nearly 30%, said Jonathan P. Stanner, the Company s President and Chief Executive Officer. We also completed the contribution of six hotels to our existing joint venture with GIC for $172 million subsequent to quarter end which generated net proceeds of $83

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