Shearman & Sterling represented Deutsche Bank AG New York Branch, as administrative agent, in $300 million in senior unsecured credit facilities for Summit Hotel Properties Inc., a hospitality REIT which owns of a portfolio of 94 hotels located in 24 states. The credit facilities included a $225 million revolving credit facility and a $75 million term loan, which were syndicated to a group of bank lenders.

The Shearman & Sterling team included partner Malcolm Montgomery (New York-Real Estate) and associate Matthew Stoller (New York-Real Estate).