Company: Summit Group Incorporated
Industry: Hospitality
Transaction #1: $88,000,000 7 Year Fixed Rate Debt Financing
RMG’s Role: Sole Advisor securing indications of interest offering various refinancing alternatives before Summit eventually chose Lehman Brothers.
The Summit Group, Inc. is a premier owner and manager of quality upscale lodging properties. For over a decade, The Summit Group, Inc. has focused on developing, managing and owning upscale lodging properties nationwide. With over 25 years of experience, Summit’s seasoned management team has knowledge and experience in hotel development, financing, marketing and operations. Their unique approach to management has resulted in properties focused on sales and operating efficiencies, making us them of the most efficient in the industry at delivering bottom-line results.