Summit Hotel Properties (NYSE:INN) announced that Mr. Greg A. Dowell has been appointed Executive Vice President, Chief Financial Officer and Treasurer effective October 1, 2014. Mr. Dowell will succeed Mr. Paul Ruiz, who has served as interim Chief Financial Officer since May of 2014. Mr. Ruiz will continue to serve in his present position as Vice President and Chief Accounting Officer.
“We are extremely pleased to have Greg join our Summit management team. He brings extensive and valuable experience with public company REITs, specifically in finance, accounting, capital markets and operations,” said Daniel Hansen, President and Chief Executive Officer of Summit Hotel Properties. “His expertise and proven leadership will greatly enhance our systems and processes as we continue to execute our strategy.”
Most recently, Dowell held the position of Senior Executive Vice President and Chief Operating Officer at American Campus Communities (NYSE:ACC). During his thirteen-year tenure, Dowell managed all aspects of operations, facilities management, human resources, information technology and various aspects of accounting and systems development. He played a key role in the development of ACC’s specialized operating platform which facilitated American Campus Communities becoming the first student housing REIT to be publicly traded in 2004. Since ACC's initial public offering, Mr. Dowell orchestrated the successful integration of more than $2.8 billion in asset growth and during his career has overseen the management of over 44 million square feet of residential and mixed-use real estate comprised of over 300 communities.
Prior to joining ACC in 2001, Dowell spent ten years in progressive capacities with Century Development where he began as an accountant and ultimately served as Senior Vice President of Management Services over the student housing portfolio.
Mr. Dowell received his B.S. in Accounting from the University of Louisiana at Lafayette and is a Certified Public Accountant.
Summit Hotel Properties, Inc. is a publicly-traded real estate investment trust focused primarily on acquiring and owning premium-branded, select-service hotels in the upscale and upper midscale segments of the lodging industry. As of September 11, 2014, the Company’s portfolio consisted of 90 hotels with a total of 11,380 guestrooms located in 21 states.
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