BRIEF-Summit Hotel Properties Announces Pending Acquisition Of Two-Hotel Portfolio For $96 Million Through GIC Joint Venture

Reuters12-11

Dec 10 (Reuters) - Summit Hotel Properties Inc :

* SUMMIT HOTEL PROPERTIES ANNOUNCES PENDING ACQUISITION OF TWO-HOTEL PORTFOLIO FOR $96 MILLION THROUGH GIC JOINT VENTURE

* SUMMIT HOTEL PROPERTIES INC - TRANSACTION TO BE FINANCED WITH CASH AND $50 MILLION TERM LOAN

Source text: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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