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Summit Hotel properties acquiring 27 hotel portfolios from NewcrestImage

Summit Hotel properties will be acquiring a 27 hotel portfolio from NewcrestImage.
Summit Hotel properties will be acquiring a 27 hotel portfolio from NewcrestImage.
Published: Dec. 1, 2021 at 5:55 PM CST
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AMARILLO, Texas (KFDA) - Summit Hotel properties will be acquiring a 27 hotel portfolio from NewcrestImage.

The portfolio includes 3700 guest rooms, two parking structures and a number of other financial incentives, which will be acquired for $822 million.

The deal for the leasing was approved today by the local government corporation and will include the downtown Courtyard and Embassy Suites in Amarillo.

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