Summit Hotel Properties Announces Pending Acquisition of Two-Hotel Portfolio for 96 Million Through GIC Joint Venture

VMNFX Fund  USD 14.13  0.04  0.28%   
Slightly above 62% of Vanguard Market's investor base is looking to short. The analysis of overall sentiment of trading Vanguard Market Neutral mutual fund suggests that many investors are alarmed at this time. Vanguard Market's investing sentiment can be driven by a variety of factors including economic data, Vanguard Market's earnings reports, geopolitical events, and overall market trends.
  
Summit Hotel Properties, Inc. , through its joint venture with GIC, today announced that it is under contract to acquire the 250-guestroom Hampton Inn Boston - Logan Airport and the 149-guestroom Hilton Garden Inn Tysons Corner for a combined purchase price of 96.0 million, or 241,000 per key. The purchase price represents an 8.8 percent capitalization rate based on forecasted 2024 net operating income and no meaningful capital expenditures are planned prior to the fourth q

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