Summit Hotel Properties Announces Acquisition of 27-Hotel Portfolio from NewcrestImage

November 3, 2021 – Today marks a memorable day in our company’s history, which occurs during the auspicious Diwali festivities.  NewcrestImage has entered into a definitive contribution and acquisition agreement to sell 27 hotels to Summit Hotel Properties (NYSE: INN).  This transaction opens new acquisition and development opportunities for NewcrestImage to grow further.  Please see the link below to the press release.