Management ChangeOct 29, 2026, 04:47 PM
Summit Hotel Properties Appoints New CFO, Promotes COO
AI Summary
Summit Hotel Properties, Inc. announced key executive leadership appointments. Michael Nieves has been appointed Executive Vice President and Chief Financial Officer, and Adam Wudel has been promoted to Executive Vice President and Chief Operating Officer, both effective November 1, 2026. Nieves' employment agreement includes a base salary of $450,000, eligibility for a performance bonus, and participation in the equity incentive plan. Wudel's promotion recognizes his 18-year tenure and contributions to asset management and revenue strategy.
Key Highlights
- Michael Nieves appointed Executive Vice President and Chief Financial Officer, effective November 1, 2026.
- Adam Wudel promoted to Executive Vice President and Chief Operating Officer, effective November 1, 2026.
- Michael Nieves' employment agreement includes an annual base salary of $450,000.
- Nieves is eligible for an annual cash performance bonus targeted at 100% of his base salary.
- Nieves' employment agreement has an initial term of one year, with automatic one-year extensions.
- Nieves will be eligible to participate in the Company's 2024 Equity Incentive Plan.
- Adam Wudel has been with Summit for 18 years, most recently as EVP of Corporate Development.
Price Impact
More from INN