Summit Hotel Properties, Inc. filed an 8-K press release on October 29, 2026, announcing the appointment of Mike Nieves as Executive Vice President and Chief Financial Officer and the promotion of Adam Wudel to Executive Vice President and Chief Operating Officer, both effective November 1, 2026.

Key Highlights

  • New CFO appointed: Mike Nieves will join Summit Hotel Properties as Executive Vice President and Chief Financial Officer, effective November 1, 2026.
  • COO promoted internally: Adam Wudel, a current executive, has been promoted to Executive Vice President and Chief Operating Officer, also effective November 1, 2026.
  • Nieves' prior role: Nieves joins from PENN Entertainment, Inc., where he served as Senior Vice President of Finance and Treasurer, overseeing investor relations, capital markets, FP&A, treasury, and risk management.
  • Wudel's tenure: Wudel has served at Summit for 18 years, most recently as Executive Vice President of Corporate Development.
  • Portfolio size: As of October 29, 2026, the company's portfolio consisted of 92 assets, 50 of which are wholly owned, with a total of 14,027 guestrooms located in 24 states.

Leadership Changes at Summit Hotel Properties Effective November 2026

According to the filing, Summit Hotel Properties (NYSE:INN) announced two changes to its executive leadership team. Mike Nieves has been appointed Executive Vice President and Chief Financial Officer. The filing states that Nieves previously served as Senior Vice President of Finance and Treasurer at PENN Entertainment, Inc., where he oversaw investor relations, capital markets, FP&A, treasury, and risk management. Before PENN Entertainment, he was a Director in JLL's M&A and Corporate Advisory group, and prior to that served as a Vice President in Citigroup's Real Estate and Lodging Investment Banking Group. He also practiced as a corporate lawyer at Willkie Farr & Gallagher. The filing notes he holds a B.A. from the University of Michigan, a J.D. from American University - Washington College of Law, and an M.B.A. from the Darden School of Business at the University of Virginia.

The second change, according to the filing, is the promotion of Adam Wudel to Executive Vice President and Chief Operating Officer. The filing describes Wudel as having served in roles of increasing responsibility at Summit over an 18-year tenure, most recently as Executive Vice President of Corporate Development, where he oversaw asset management, revenue strategy, data analytics, and transaction activity. Previously, he served as Senior Vice President Finance, Capital Markets and Treasurer. The filing notes Wudel holds a B.S. degree in Business Administration - Finance from North Dakota State University.

The filing also includes forward-looking statements, which the company characterized as subject to various risks and uncertainties and covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The company noted that forward-looking statements are based on certain assumptions and that actual results could differ materially from such statements.

What Was Disclosed

Summit Hotel Properties disclosed the appointment of Mike Nieves as CFO and the promotion of Adam Wudel to COO, both effective November 1, 2026, along with background on each executive's prior experience and qualifications.