UBS Group (INN) discloses 8.08% Summit Hotel Properties stake on Schedule 13G
Rhea-AI Filing Summary
Summit Hotel Properties, Inc. is reported to have a significant shareholder, UBS Group AG and certain wholly owned subsidiaries, which collectively report beneficial ownership of 8,757,861 shares of common stock. This represents 8.08% of the company’s common stock.
UBS Group reports no sole voting or dispositive power over these shares. Instead, it reports shared voting power over 8,753,313 shares and shared dispositive power over 8,757,861 shares, reflecting holdings spread across entities including UBS Financial Services Inc., UBS Securities LLC, UBS AG London Branch and UBS Switzerland AG.
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Key Figures
Beneficially owned shares: 8,757,861 shares
Percent of class: 8.08%
Shared voting power: 8,753,313 shares
+3 more
6 metrics
Beneficially owned shares
8,757,861 shares
Common stock of Summit Hotel Properties reported by UBS Group
Percent of class
8.08%
Portion of Summit Hotel Properties common stock held by UBS Group
Shared voting power
8,753,313 shares
Shares over which UBS Group reports shared voting power
Shared dispositive power
8,757,861 shares
Shares over which UBS Group reports shared dispositive power
CUSIP
866082100
CUSIP for Summit Hotel Properties common stock
Reporting entity citizenship
Switzerland
Citizenship or place of organization of UBS Group
Key Terms
Schedule 13G, beneficially owned, shared voting power, shared dispositive power, +1 more
5 terms
Schedule 13G regulatory
"This statement on is being filed by UBS Group AG"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
beneficially owned financial
"Amount beneficially owned: 8,757,861"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
parent holding company regulatory
"If a parent holding company has filed this schedule"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What percentage of Summit Hotel Properties (INN) does UBS Group report owning?
UBS Group reports beneficial ownership of 8.08% of Summit Hotel Properties’ common stock, based on 8,757,861 shares. This stake is disclosed under a Schedule 13G, indicating a significant but non-controlling shareholder position.
Which UBS subsidiaries are involved in the Summit Hotel Properties (INN) position?
The beneficial ownership is reported by UBS Group AG on behalf of UBS Financial Services Inc., UBS Securities LLC, UBS AG London Branch, and UBS Switzerland AG, all wholly owned subsidiaries participating in the position.
What class of Summit Hotel Properties (INN) security is reported in this Schedule 13G?
The filing covers common stock of Summit Hotel Properties, Inc. identified by CUSIP 866082100. UBS Group’s reported stake and voting/dispositive powers all relate specifically to this common equity class.