 AUSTIN, Texas, July 12, 2021 PRNewswire -- Summit Hotel Properties, Inc. NYSE: INN the Company today announced that it has completed the previously announced acquisition of the 110-guestroom Residence Inn by Marriott Steamboat Springs for 33.0 million through its joint venture with GIC. The Company funded its 51 interest in the joint venture acquisition using approximately 17 million of cash on-hand. 