Summit Hotel Properties appoints Mike Nieves CFO and promotes Adam Wudel to COO

Summit Hotel Properties, Inc. (NYSE: INN) has appointed Mike Nieves as Executive Vice President and Chief Financial Officer and promoted Adam Wudel to Executive Vice President and Chief Operating Officer, the Austin, Texas-based lodging REIT said on October 29, 2026. Both changes take effect on November 1, 2026.

Nieves joins from PENN Entertainment, Inc., where he was Senior Vice President of Finance and Treasurer, responsible for investor relations, capital markets, FP&A, treasury and risk management. Before that he was a Director in JLL's M&A and Corporate Advisory group, worked as a Vice President in Citigroup's Real Estate and Lodging Investment Banking Group, and practised corporate law at Willkie Farr & Gallagher. President and CEO Jonathan Stanner pointed to his "proven track record in capital raising and deployment, investor relations, and treasury and risk management."

Wudel has been with Summit for 18 years. Most recently he was Executive Vice President of Corporate Development, overseeing asset management, revenue strategy, data analytics and transactions. Earlier he served as Senior Vice President Finance, Capital Markets and Treasurer. Stanner said Wudel "has been instrumental in leading our asset management and revenue strategy teams," along with the company's investment activities.

According to the release, Summit focuses on premium-branded hotels with efficient operating models, mainly in the Upscale segment. As of October 29, 2026, its portfolio comprised 92 assets, 50 of them wholly owned, totalling 14,027 guestrooms across 24 US states.