We are a self-managed hotel investment company organized to continue and expand the existing hotel investment business of our predecessor, Summit Hotel Properties, LLC., a leading U.S. hotel owner. We focus primarily on acquiring and owning premium-branded, select-service hotels in the upscale and upper midscale segments of the U.S. lodging industry. Our current portfolio consists of 95 hotels with a total of 11,127 guestrooms located in 24 states. Our hotels are located in markets in which we have extensive experience and that exhibit multiple demand generators, such as business and corporate headquarters, retail centers, airports and tourist attractions. Based on total number of rooms, approximately 72% of our portfolio is positioned in the top 50 metropolitan statistical areas, or MSAs, and approximately 87% is located within the top 100 MSAs.
Over 95% of our hotels operate under premium franchise brands owned by Marriott International, Inc. (Courtyard by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Fairfield Inn by Marriott, Fairfield Inn & Suites by Marriott and TownePlace Suites by Marriott), Hilton Worldwide (DoubleTree, Hampton Inn, Hampton Inn & Suites, Homewood Suites and Hilton Garden Inn), InterContinental Hotels Group (Holiday Inn, Holiday Inn Express, Holiday Inn Express & Suites and Staybridge Suites) and an affiliate of Hyatt Hotels Corporation (Hyatt Place and Hyatt House).