Shares of Summit Hotel Properties (INN) fall off 3.6% after pricing a 2M share public offering...

|About: Summit Hotel Properties, ... (INN)|By:, SA News Editor

Shares of Summit Hotel Properties (INN) fall off 3.6% after pricing a 2M share public offering of its 9.25% Series A Preferred stock at a $25 per share. The company expects to haul in $48M in net proceeds from the offering.