Summit Hotel Properties (Summit Hotel Properties) Management Fees (USD Mil) : 0.00 (As of . 20)

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What is Summit Hotel Properties Management Fees (USD Mil)?

Management Fees (USD Mil) of hospitality usually include the salary of managers. A lower management fee is better.

The historical rank and industry rank for Summit Hotel Properties's Management Fees (USD Mil) or its related term are showing as below:

INNpCCL.PFD's Management Fees (USD Mil) is not ranked ^*
in the REITs industry.
Industry Median:
* Ranked among companies with meaningful Management Fees (USD Mil) only.

Summit Hotel Properties Management Fees (USD Mil) Historical Data

The historical data trend for Summit Hotel Properties's Management Fees (USD Mil) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Summit Hotel Properties Management Fees (USD Mil) Chart

Summit Hotel Properties (NYSE:INNpCCL.PFD) Management Fees (USD Mil) Explanation

Management Fees (USD Mil) are one of the major costs for hospitality businesses.

Base management fees should be set so that they compensate managers for their cost of doing business, including overhead and base salaries. This is compensation for showing up to work and thus, should not be a source of profit for management companies as it generally is now. Usually, base management fees are approximately 1.0% to 2.0% of total revenue for most hotels, depending on size, or a duly considered flat fee.

Since it is a cost, a lower management fee is better. However, we also need to measure its effectiveness. Management’s effectiveness is evidenced by two primary results: the ability to generate an appropriate share of top line revenue within the relevant competitive market (in other words, to produce the highest possible level of Revenue per Available Room (USD)); and to convert that revenue into as much sustainable cash flow available to the owner (net operating income, or NOI) as possible.

Summit Hotel Properties Management Fees (USD Mil) Related Terms

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Summit Hotel Properties (Summit Hotel Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Summit Hotel Properties Inc (NYSE:INNpCCL.PFD) » Definitions » Management Fees (USD Mil)

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Traded in Other Exchanges

INNpE.PFD:USA INN:USA

Address

13215 Bee Cave Parkway, Suite B-300, Austin, TX, USA, 78738

Website

https://www.shpreit.com

Summit Hotel Properties Inc is a U.S.-based hotel investment company focusing on select-service hotels in the upscale and upper-midscale properties in the U.S. Substantially all of Summit's assets are held and operated by its Operating Partnership, Summit Hotel OP, LP, in which the company holds general and limited partnership interests. The firm has one segment in activities related to investing in real estate. Summit's revenue streams include Room and Other hotel operations revenue. Room comprises the majority of total revenues. The firm's hotels are located in various markets, such as corporate offices, retail centers, airports, state capitols, convention centers, and leisure attractions. Summit's hotels operate under brands, including Marriott, Hilton, Hyatt, and Holiday Inn.