Thread- $INN (Summit Hotel Properties, Inc.)

$INN {{ '2016-02-17T09:23:09+0000' | timeago}} • Announcement

On Feb. 11, $INN reinstated the purchase agreement with ARC affiliate for the sale of 10 hotels at the original selling price of $89.1MM. The sale was previously canceled just prior to its closing date of Dec. 29. The agreement requires ARC affiliate to deposit $7.5MM of earnest money on or before Dec. 30, 2016 to support the closing of the sale.

$ALGT {{ '2017-05-26T21:03:21+0000' | timeago}} • Announcement

$ALGT said Jude Bricker has resigned his position as Executive Vice President and Chief Operating Officer. Mr. Bricker will depart his position with $ALGT effective May 26, 2017. Scott Sheldon, Executive Vice President and Chief Financial Officer, will act as Interim Chief Operating Officer until a successor is selected.

$LL {{ '2017-05-26T20:57:13+0000' | timeago}} • Announcement

$LL has appointed Timothy J. Mulvaney as Senior Vice President, Chief Accounting Officer, who will report to Marty Agard, the company's Chief Financial Officer.

$AVA {{ '2017-05-26T20:49:47+0000' | timeago}} • Announcement

$AVA filed requests with the Washington Utilities and Transportation Commission to increase electric and natural gas rates. If approved, the electric general rate request is designed to increase annual revenues by $61.4MM, effective May 1, 2018. For natural gas, if approved, the request will increase annual billed revenues by $8.3MM or 5.4%.

$AVA {{ '2017-05-26T20:49:15+0000' | timeago}} • Announcement

$AVA filed a power cost rate adjustment request that would update and reset power supply costs included in billed rates with the Washington Utilities and Transportation Commission. If approved by the Commission, the request is designed to increase revenue by $15MM or 2.9%, effective Sept. 1, 2017.

$SHW {{ '2017-05-26T20:35:52+0000' | timeago}} • Announcement

$SHW received regulatory approval from the United States Federal Trade Commission and the Canadian Competition Bureau to complete its acquisition of $VAL. $SHW expects to close the acquisition on June 1, 2017, subject to customary closing conditions.

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