Hotels only · No pay-to-rank · Advice first; verified when attested
South Central · tertiary
East Texas interstate select-service. Do not import a Dallas Uptown or Houston Medical Center going-in cap. A JV sale is still one house when Summit names one price.
Each house opens a labeled estimate. Defaults are assumptions — not an appraisal.
Longview, Texas · Upscale
122 keys · Longview · Hilton Garden Inn
East Texas Garden Inn. Summit’s GIC joint venture sold the 122-key house on February 20, 2026 for $12.3 million (FY2025 10-K subsequent event). Buyer unnamed. Not a Dallas Uptown tape. Summit’s Arlington South Courtyard + Residence Inn $19 million pair stays off this row.
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Public tape · 1 events
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Hilton Garden Inn Longview · 122 keys · Upscale
Consideration
$12.3M
$101k / key
Summit 10-K: $12.3 million for the 122-guestroom Hilton Garden Inn Longview. East Texas select-service — not a Dallas Uptown PPK.
Summit Hotel Properties Form 10-K subsequent events, filed February 25, 2026 (closed February 20)
Summit completed the sale of the 122-guestroom Hilton Garden Inn Longview, Texas, owned by its joint venture with GIC, on February 20, 2026 for $12.3 million. Harbor PPK is $12.3 million ÷ 122. Buyer unnamed. Summit’s cap-rate line after foregone capex is Summit’s narrative, not a second price. The Arlington South Courtyard + Residence Inn $19.0 million pair stays off this row — Summit named only a combined selling price.