Summit Hotel Properties, Inc. (NYSE: INN) announced the appointment of Michael Nieves as Executive Vice President and Chief Financial Officer, effective November 1, 2026. In a separate announcement, the company promoted Adam Wudel to Executive Vice President and Chief Operating Officer, also effective November 1, 2026.

Mr. Nieves joins the company from PENN Entertainment, Inc., where he served as Senior Vice President of Finance and Treasurer. In that role, he oversaw treasury functions, liquidity management, capital deployment, and investor relations. Prior to PENN Entertainment, Mr. Nieves was a Director in JLL’s M&A and Corporate Advisory group and previously worked in Citigroup’s Real Estate and Lodging Investment Banking Group. He holds a B.A. from the University of Michigan, a J.D. from American University, and an M.B.A. from the University of Virginia.

Mr. Wudel has served Summit Hotel Properties since its initial public offering in 2011. He most recently served as Executive Vice President of Corporate Development, overseeing asset management, revenue strategy, and transaction activity. Prior to that, he was Senior Vice President of Finance and Capital Markets. Mr. Wudel holds a B.S. degree in Business Administration – Finance Concentration from North Dakota State University.

The company stated that Mr. Wudel’s promotion recognizes his 18-year tenure and instrumental role in leading asset management and revenue strategy teams. Mr. Nieves will relocate to the greater Austin, Texas, area by July 31, 2027, with the company covering reasonable travel and lodging expenses prior to that date.

Mr. Nieves’ employment agreement includes an annual base salary of $450,000 and eligibility for an annual cash performance bonus equal to 100% of his base salary. He has also been granted a time-based restricted stock award valued at $750,000, which will vest in thirds over three years subject to continued employment. Both executives are eligible to participate in the company’s 2024 Equity Incentive Plan.

As of October 29, 2026, Summit Hotel Properties’ portfolio consisted of 92 assets, 50 of which are wholly owned, totaling 14,027 guestrooms across 24 states.