Tag: Summit

Summit Hotel Properties Publishes Its Corporate Responsibility Report For 2019

AUSTIN, Texas, Nov. 17, 2020 /PRNewswire/ — Summit Hotel Properties, Inc. (NYSE: INN) (the “Company”) today announced that it has published its annual Corporate Responsibility Report for 2019, which covers the Company’s ongoing commitment to the environment, its community and stakeholders.

Summit Hotel Properties, Inc. Logo. (PRNewsFoto/Summit Hotel Properties, Inc.)

The Company’s corporate responsibility goals use the United Nation Sustainable Development Goals as a guideline and outline the Company’s key performance indicators, achievements and initiatives to address important environmental, social and governance issues.

“Since establishing our Corporate Responsibility program in 2017, we have built upon our sustainability objectives, from tracking metrics related to our consumption, waste, recycling and greenhouse gas emissions, to setting measurable, science-based reduction targets for energy, water and carbon, and to committing to improve the efficiency of our buildings and promote sustainable operations through our Energy Management Program.  Additionally, we have expanded charitable engagement with our community through the Summit Foundation, our 501(c)(3) nonprofit organization and have broadened our social programs to enhance connectivity among our employees, partners and stakeholders to ensure that we champion an environment of diversity and inclusivity. We are pleased with the significant progress that we have made with our sustainability program, and we look forward to continuing to build on our accomplishments,” commented Mr. Hansen.

Our Corporate Responsibility Report is designed to help our stakeholders better understand our commitment and efforts regarding environmental stewardship, social responsibility, and governance and can be viewed in the “Responsibility” section of the Company’s website at www.shpreit.com/responsibility/about.  

About Summit Hotel Properties

Summit Hotel Properties, Inc. is a publicly traded real estate investment trust focused on owning premium-branded hotels with efficient operating models primarily in the Upscale segment of the lodging industry. As of November 17, 2020, the Company’s portfolio consisted of 72 hotels, 67 of which are wholly owned, with a total of 11,288 guestrooms located in 23 states. 

For additional information, please visit the Company’s website, www.shpreit.com and follow the Company on Twitter at @SummitHotel_INN.

Forward-Looking Statements

This press release contains statements that are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identifiable by use of forward-looking terminology such as “may,” “will,” “should,” “potential,” “intend,” “expect,” “seek,” “anticipate,” “estimate,” “approximately,” “believe,” “could,” “project,” “predict,” “forecast,” “continue,” “plan,” “likely,” “would” or other similar words or expressions. Forward-looking statements are based on certain assumptions and can include future expectations, future plans and strategies, financial and operating projections or other forward-looking information. Examples of forward-looking statements include the following: the Company’s descriptions of the Company’s plans or objectives for future programs and activities and descriptions of assumptions underlying or relating to any of the foregoing expectations regarding the timing of their occurrence. These forward-looking statements are subject to various risks and uncertainties, not all of which are known to the Company and many of which are

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Summit Hotel Properties Inc (INN) Q3 2020 Earnings Call Transcript

Logo of jester cap with thought bubble.

Image source: The Motley Fool.

Summit Hotel Properties Inc (NYSE: INN)
Q3 2020 Earnings Call
Nov 4, 2020, 9:00 a.m. ET

Contents:

  • Prepared Remarks
  • Questions and Answers
  • Call Participants

Prepared Remarks:

Operator

Good morning, and thank you for standing by. Welcome to the Summit Hotels Property Inc. Third Quarter 2020 Earnings Conference Call. [Operator Instructions] Please be advised that today’s conference is being recorded.

[Operator Instructions] I would now like to hand the conference over to your speaker today, Adam Wudel, Senior Vice President of Finance and Capital Markets. Please go ahead.

Adam WudelSenior Vice President of Finance & Capital Markets

Thank you, Sarah, and good morning. I am joined today by Summit Hotel Properties’ Chairman, President and Chief Executive Officer, Dan Hansen and Executive Vice President and Chief Financial Officer Jon Stanner.

Please note that many of our comments today are considered forward-looking statements as defined by federal securities laws. These statements are subject to risks and uncertainties, both known and unknown, as described in our 2019 Form 10-K and other SEC filings. Forward-looking statements that we make today are effective only as of today, November 4th, 2020 and we undertake no duty to update them later.

You can find copies of our SEC filings and earnings release, which contain reconciliations to non-GAAP financial measures referenced on this call on our website at www.shpreit.com.

Please welcome Summit Hotel Properties’ Chairman, President and Chief Executive Officer, Dan Hansen.

Daniel P. HansenChairman, President & Chief Executive Officer

Thanks, Adam, and thank you all for joining us today for our third quarter 2020 earnings conference call. The third quarter was, again, challenging for our industry, as leisure travel continued to serve as the primary demand source. However, we were encouraged by the continued sequential demand improvements, which led to operating results that were considerably better than the second quarter.

RevPAR improved each month of the quarter across our portfolio. And importantly, this trend continued into October, which provided us with some level of reassurance of the sustainability of demand in the weeks following Labor Day, a period of significant uncertainty heading into the quarter.

Occupancy increased each month of the quarter peaking at 47% in September, which led to third quarter RevPAR of $47, a 63.5% decline year-over-year, but that was a significant improvement from the second quarter RevPAR of $23.

Market share gains were substantial, once again, in the third quarter as we finished with 151% RevPAR index, an increase of approximately 39 percentage points compared to the third quarter of last year and an 8 percentage point increase relative to last quarter. These gains reflected tremendous work done by our in-house asset and revenue management teams, along with the tireless efforts of our management company partners to capture the limited demand that currently exist in the market.

We have clearly been successful capturing our fair share of very short term leisure demand, but our results have been further aided by capitalizing on certain unique piece

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Summit Hotel Properties, Inc. (INN) CEO Dan Hansen on Q3 2020 Results – Earnings Call Transcript

Summit Hotel Properties, Inc. (NYSE:INN) Q3 2020 Earnings Conference Call November 4, 2020 9:00 AM ET

Company Participants

Adam Wudel – SVP of Finance

Dan Hansen – Chairman, President and CEO

Jon Stanner – EVP and CFO

Conference Call Participants

Michael Bellisario – Baird

Neil Malkin – Capital One Securities

Austin Wurschmidt – KeyBanc Capital Markets

Dany Asad – Bank of America Merrill Lynch

Chris Woronka – Deutsche Bank

Bill Crow – Raymond James

Operator

Good morning, and thank you for standing by, and welcome to Summit Hotel Properties Inc. Third Quarter 2020 Earnings Conference Call. At this time, all participants’ lines are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today’s conference is being recorded [Operator Instructions].

I would now like to hand the conference over to your speaker today, Adam Wudel, Senior Vice President of Finance and Capital Markets. Please go ahead.

Adam Wudel

Thank you, Sarah, and good morning. I am joined today by Summit Hotel Properties, Chairman, President and Chief Executive Officer, Dan Hansen; and Executive Vice President and Chief Financial Officer, Jon Stanner.

Please note that many of our comments today are considered forward-looking statements as defined by Federal Securities Laws. These statements are subject to risks and uncertainties both known and unknown as described in our 2019 Form 10-K and other SEC filings.

Forward-looking statements that we make today are effective only as of today, November 4, 2020, and we undertake no duty to update them later. You can find copies of our SEC filings and earnings release, which contain reconciliations to non-GAAP financial measures referenced on this call on our website at www.shpreit.com.

Please welcome, Summit Hotel Properties, Chairman, President and Chief Executive Officer, Dan Hansen.

Dan Hansen

Thanks, Adam. And thank you all for joining us today for our third quarter 2020 earnings conference call. The third quarter was again challenging for our industry as leisure travel continued to serve as the primary demand source. However, we were encouraged by the continued sequential demand improvements, which led to operating results that were considerably better than the second quarter.

RevPar improved each month of the quarter across our portfolio. And importantly, this trend continued into October which provided us with some level of reassurance of the sustainability of demand in the weeks following Labor Day, a period of significant uncertainty heading into the quarter.

Occupancy increased each month of the quarter peaking at 47% in September, which led to third quarter RevPar of $47, a 63.5% decline year-over-year. But that was a significant improvement from the second quarter RevPar of $23.

Market share gains were substantial once again in the third quarter, as we finished with 151% RevPar index, an increase of approximately 39 percentage points compared to the third quarter of last year, and an 8 percentage point increase relative to last quarter. These gains reflect a tremendous work done by our in house asset and revenue management teams, along

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Summit Hotel Properties, Inc.’s (INN) CEO Dan Hansen On Q3 2020 Results – Quick Version Earnings Call Transcript

Summit Hotel Properties, Inc. (NYSE:INN) Q3 2020 Earnings Conference Call November 4, 2020 8:50 AM ET

Company Participants

Adam Wudel – Senior Vice President of Finance and Capital Markets

Dan Hansen – Chairman, President and Chief Executive Officer

Jon Stanner – Executive Vice President and Chief Financial Officer

Conference Call Participants

Michael Bellisario – Robert W. Baird & Co.

Neil Malkin – Capital One Securities, Inc.

Austin Wurschmidt – KeyBanc Capital Markets

Dany Asad – Bank of America Merrill Lynch

Chris Woronka – Deutsche Bank

Bill Crow – Raymond James

Disclaimer: *NEW* We are providing this transcript version in a raw, machine-assisted format and it is unaudited. Please reference the audio for any questions on the content. A standard transcript will be available later on the site per our normal procedure. Please enjoy this timely version in the interim.

Operator

[00:00:05] Good morning and thank you for standing by and welcome to the Summit Hotel Properties Inc third quarter Twenty twenty earnings conference call. At this time, all participants want to listen almost after the speakers presentation, they’ll be a question and answer session. Ask the questions on the session, you need to first start the one on your telephone, please be advised that today’s conference is being recorded. If you require any further assistance, please press star zero. I would now like to hand the conference over to your speaker today. Adam Wudel, senior vice president of finance and capital markets. Please go ahead.

Adam Wudel

[00:00:43] Thank you, Sarah. And good morning, I am joined today by someone Hotel Properties Chairman, President, Chief Executive Officer Dan Hansen and Executive Vice President and Chief Financial Officer John Stanner. Please note that many of our comments today are considered forward looking statements as defined by federal securities laws. These statements are subject to risks and uncertainties, both known and unknown, as described in 2019 form 10K and other SCC filings. Forward looking statements that we make today are effective only as of today, November 4th, Twenty twenty, and we undertake no duty to update them later. You can find copies of our SEC filings and earnings release, which contain Reconciliation’s to non-GAAP financial measures referenced on this call on our website w w w that reads Dotcom, please welcome some hotel properties. Chairman, President and Chief Executive Officer Dan Hanson.

Dan Hansen

[00:01:44] Thanks, Adam, and thank you all for joining us today for our third quarter Twenty twenty earnings conference call, the third quarter was again challenging for our industry as leisure travel continued to serve as the primary demand source. However, we were encouraged by the continued sequential demand improvements, which led to operating results that were considerably better than the second quarter. Rev par improved each month of the quarter across our portfolio. And importantly, this trend continued into October, which provided us with some level of reassurance of the sustainability of demand in the weeks following Labor Day, a period of significant uncertainty heading into the

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Summit Hotel Properties (INN) Reports Q3 Loss, Misses Revenue Estimates

Summit Hotel Properties (INN) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of $0.13. This compares to FFO of $0.31 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an FFO surprise of 23.08%. A quarter ago, it was expected that this real estate investment trust specializing in higher end hotels would post a loss of $0.20 per share when it actually produced a loss of $0.25, delivering a surprise of -25%.

Over the last four quarters, the company has surpassed consensus FFO estimates just once.

Summit Hotel Properties, which belongs to the Zacks REIT and Equity Trust – Other industry, posted revenues of $52.41 million for the quarter ended September 2020, missing the Zacks Consensus Estimate by 0.17%. This compares to year-ago revenues of $133.69 million. The company has topped consensus revenue estimates just once over the last four quarters.

The sustainability of the stock’s immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management’s commentary on the earnings call.

Summit Hotel Properties shares have lost about 55.3% since the beginning of the year versus the S&P 500’s gain of 2.5%.

What’s Next for Summit Hotel Properties?

While Summit Hotel Properties has underperformed the market so far this year, the question that comes to investors’ minds is: what’s next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company’s FFO outlook. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Summit Hotel Properties was unfavorable. While the magnitude and direction of estimate revisions could change following the company’s just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus FFO estimate is -$0.12 on $57.82 million in revenues for the coming quarter and -$0.36 on $244.16 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust – Other is currently in the bottom 9% of the 250 plus Zacks

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Summit Hotel Properties: 3Q Earnings Snapshot

AUSTIN, Texas (AP) _ Summit Hotel Properties Inc. (INN) on Tuesday reported a loss in funds from operations in its third quarter, after reporting a profit in the same period a year earlier. The results topped Wall Street expectations.

The real estate investment trust, based in Austin, Texas, said it had a funds from operations loss of $10.8 million, or 10 cents per share, in the period.

The average estimate of five analysts surveyed by Zacks Investment Research was for a funds from operations loss of 13 cents per share.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had a loss of $38.3 million, or 37 cents per share.

The real estate investment trust specializing in higher end hotels posted revenue of $52.4 million in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $52.5 million.

The company’s shares have dropped 52% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $5.97, a decline of 52% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on INN at https://www.zacks.com/ap/INN

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Trip.com Group LIVE for Trip Global Partner Summit unites industry for the future of travel

SINGAPORE, Oct. 30, 2020 (GLOBE NEWSWIRE) — From 10 October, leading online travel services provider, Trip.com Group began the “LIVE for Trip” campaign as part of its “Travel On”initiative to bolster the recovery of the global travel industry.

On 29 October, Trip.com Group held its Global Partner Summit in Chengdu, a key event in the LIVE for Trip campaign. The Global Partner Summit hosted over 2,600 attendees, consisting of 1,000 tourism, 690 accommodation, 290 market, and 230 transportation representatives. Leading global travel brands, including more than 300 hotels and 70 hotel groups, such as InterContinental, Accor, Hyatt, Shimao, Shangri-La, 35 airlines, such as Singapore Airlines, Air France-KLM, Air Macau and 60 plus air ticket vendors came together with Trip.com Group for the development of the travel industry.

At the conference, Trip.com Group chairman and co-founder, James Liang, highlighted the need for “local focus, global vision” when reimagining the travel business, and Trip.com Group’s investment in marketing to innovate the ways in which travel businesses engage with customers. Mr. Liang delved into the trends of increased preferences for high-end, boutique and themed trips, the integration of scenic attractions into destinations, as well as the rise of the night-time economy. “Trip.com Group platforms are no longer just for exchanges between partners and customers, but we now create ourselves, utilizing innovative marketing and content generation to offer greater opportunities and greater value to our users and partners,” said Liang.

Jane Sun, CEO of Trip.com Group, spoke to attendees on the importance of unity during times of hardship. Sun, who has been acknowledged for her leadership during the pandemic, outlined the vision of digital transformation and innovative marketing that has driven Trip.com Group to play a leading role in the travel revival. Addressing industry leaders, Sun reinforced the importance of cooperation during difficult times and reflected on the important decisions the Group took to support industry partners during the pandemic. Looking ahead, Sun highlighted the success of the innovations and enhancement of services developed by Trip.com Group, and the beacon these were for the future global travel recovery.

Speaking on the road to recovery for the hotel industry, Ray Chen, CEO of Accommodation Business Trip.com Group, shared how Trip.com Group is leading the way. Trip.com Group’s improved property service index supports hotel partners to improve their services and provides customers with a clear metric to choose their desired property. This process has seen Trip.com Group platforms transform from a purchasing to a content marketing platform. “This transformation allows our platforms to host more comprehensive content such as pictures, reviews, videos and labels, thereby enhance user experience and meet the complex needs of users,” said Chen.

Focusing on the evolution of travel marketing, Bo Sun, CMO of Trip.com Group, shared with attendees the expansion of Trip.com Group’s innovative marketing approaches. “Trip.com Group has upgraded its marketing performance to drive its business evolution,” Bo Sun said. Through the integration of data, developing a content ecosystem, and creating immersive experiences for users, Trip.com Group is pushing its

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2020 International Cultural Tourism Summit and 13th World Hotel Forum will be held in Haikou, Hainan

BEIJING, Oct. 23, 2020 /PRNewswire/ — A sudden outbreak of “black swan incident” has frozen the progress of the industry, increased the downward pressure of economic growth, and accelerated the reshuffle of the industry. At the same time, with the rapid growth of China’s tourism industry in the past 20 years, many deep-seated problems in the industry are hidden under the light of prosperity, which forces us to rethink the nature of the market and commerce. Rescue and cooperation between different industries are becoming the key words of the current big accommodation industry. In the current situation of the epidemic situation has basically improved, it is the responsibility and obligation of the relevant industry personnel to explore the “rescue and carefree” of the cultural and tourism industry.

On the occasion of the 13th anniversary of the establishment of “World Hotel Association” (WHA) and “Pan tourism cultural system”, a series of activities of “International Cultural and Tourism Summit and World Hotel Forum” will be held at Hilton Hotel, Luneng, Haikou from November 18 to 19 this year (report before 15:30 on the 18th). It is specially supported by Haikou Municipal People’s government, Hainan Provincial Department of tourism (to be confirmed), radio, television and sports, Ministry of culture and tourism, China Tourism Publishing House, World Hotel Association, international tourism and hotel Federation of the United Nations Department of economic and social affairs. It is supported by Pan tourism culture group, international Research Institute of culture and tourism, Hainan satellite TV, pan travel news agency, Shanghai Pan Travel Culture Communication Co., Ltd. and pan travel (Beijing) International Culture Communication Co., Ltd It is sponsored and undertaken by Haikou Luneng Hilton Hotel and other units, and co sponsored by Haikou Commerce Bureau, Haikou Tourism, culture, radio, television and Sports Bureau, Hainan Tourism Association, Hainan Tourism Hotel Industry Association and DeRUCCI. The theme of this forum is “rescue and carefree – the light of economic revival of the global cultural and tourism industry”. It aims to discuss with the counterparts of Cultural Tourism & Hotel & tourism industry the development direction, cross-border playing methods and forward trend of large accommodation industry under the environment of rethinking the nature of market and commerce. This summit and forum will include political businessmen, celebrities in cultural and tourism industry, famous entrepreneurs, etc. The chairman and President of tourism and hotel group, as well as a large number of cultural and tourism complex investors, operators, hotel professional managers, designers, representatives of domestic institutions from a few foreign countries and regions, and media reporters attended the meeting.

At the same time, a more comprehensive and professional “Continental Diamond Award” was launched. Through authoritative expert review and public selection, a list of hotel industry chain with high gold content was gathered. The 12th Continental Diamond Award was presented at the summit and forum to reward outstanding people, design institutions, tourism destinations, hotel groups, hotel and hotel supplies.

The summit and forum will include: opening ceremony and main

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Summit recreation centers work to expand amenities as health regulations allow

Sanitizer and towels are lined up behind the front desk at the Silverthorne Recreation Center on June 24. The center previously was closed from 1-3 p.m. each weekday but now will be open to the public during those hours.
Photo by Antonio Olivero / [email protected]

FRISCO — The recreation centers in Silverthorne and Breckenridge are working to slowly roll out more offerings as resources and health regulations allow.

The Silverthorne Recreation Center has expanded its operating hours to 6 a.m. to 8 p.m. weekdays, adding an additional three hours open to the public. Before the change, the center was open from 6 a.m. to 7 p.m. weekdays and closed from 1-3 p.m. for cleaning. The center will no longer close in the afternoons.

Recreation Center Manager Steven Herrman said the center also has reopened some amenities, including some lockers and showers, and added household reservations for the pool or gymnasium. In these two areas, people from the same household can reserve up to four spots in the gym or five spots in the pool. Pickleball reservations for up to four people also are available.

Herrman said that while the center would like to open up some weekend hours for individual workouts and classes, there currently isn’t enough staffing to do so. However, the facility is still used on weekends for swim lessons and for middle school and high school club sports that typically would practice at the high school.

Herrman said the center is preparing for more demand as the weather changes and people move to indoor exercise. 

“Right now, our focus is going to be really dialing in our current operations, trying to educate on some of our policies and procedures a little bit more, and trying to work toward some weekend hours while balancing everything,” Herrman said.

The final fall program session for November and December opened for registration Monday, Oct. 19. The programs provide after-school activities like swim lessons, gymnastics, volleyball or outdoor activities. Herrman said mornings are busier and tend to fill up with 25 available reservations per 45-minute time slot. Evening hours are gaining more traction, and Herrman expects them to fill up when the snow starts to set in. He noted that capacities won’t be expanded unless the county’s COVID-19 dial moves in a positive direction. 

In an effort to step up sanitation measures, Herrman noted that a bipolar ionization system was installed in the facility’s heating, ventilation and air conditioning system at the beginning of the month. Currently, maintenance staff is testing the system for efficiency. 

“We’re definitely constantly exploring better ways to improve the safety of our indoor space so we can keep our doors open,” Herrman said. 

Farther south, the Breckenridge Recreation Center has a maximum use capacity of 50 people indoors and is open from 5:30-7 p.m. weekdays, which is a 90 minute extension from when the center originally reopened. While the climbing wall, leisure pool and indoor playground remain closed, lap lanes are open, and the personal training program

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Summit Hotel offers its own take on Oktoberfest this weekend

CINCINNATI — The Coronavirus pandemic has forced organizers to put new twists on many traditional events in Cincinnati.

This weekend the Summit Hotel in Madisonville, in partnership with Taft’s Brewing Co., is the latest place to offer a new way to celebrate Oktoberfest in Cincinnati.

“What we’ve done is brought that traditional Downtown festival spirit atmosphere here to the Summit,” said Martin Pittman, vice president of operations for The Summit Hotel.

The Summit Hotel will host four days of Oktoberfest fun beginning at 5 p.m. Thursday.

The Summit can host up to 300 Oktoberfest fans within its 32,000-square-foot event facility, including the Overlook Kitchen and Bar.

“We have specifically sat our seating arrangements to maximize the physical distancing as well as the enjoyment and the number of guests that can come here,” Pittman said.

For this weekend’s Oktoberfest, the Overlook Kitchen and Bar’s chef de cuisine, Matt Corina, also created a new menu that incorporates traditional Oktoberfest fare.

“A good amount of sauerkraut, mustard, cabbage,” Corina said of his specialty menu. “I’m a huge fan of this type of food. And I want to allow the Overlook and Summit Hotel to be more a part of Cincinnati and the culture this city has.”

One of Corina’s Oktoberfest menu’s centerpieces is a seven-ounce burger topped with beer cheese and bacon crumbles along with house pickles and house coleslaw on the bottom. The chef is serving the burger on a fresh pretzel bun.

On the beer side of things, Taft’s Brewing Co.’s Oktoberfest will balance out Corina’s menu.

“When they approached us about the idea of doing a socially distanced, safe Oktoberfest, we jumped at the opportunity,” said Whit Hesser, the chief operating officer for Taft’s Brewing Co. “We’re looking forward to this weekend.”

Beyond the food and the beer, the Summit’s Oktoberfest will also feature games, food trucks and fun for all.

“It’s a family event,” Pittman said. “We have the Fowling Warehouse. We’ve got Honey Child Artisan Pops. So, we have something for everyone.”

Thursday’s kickoff to the Summit’s Oktoberfest is open to all, no reservations required.

“And then ticketed events for Friday, Saturday afternoon, Saturday evening, as well as Sunday,” he said. “And you get to pick your seat, guarantee your seat as a ticketed event.”

Learn more about the Summit Hotel’s Oktoberfest by visiting www.thesummithotel.com.

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