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Summit Hotel offers FY'18 earnings outlook

Hotel real estate investment trust Summit Hotel Properties Inc. provided adjusted funds from operations guidance for the first quarter and full year 2018 in the ranges of 28 cents to 31 cents per share and $1.33 to $1.45 per share, respectively.

The S&P Capital IQ consensus FFO-per-share estimates for the first quarter and the full year are 33 cents and $1.46, respectively.