Austin – October 30, 2026 -- Summit Hotel Properties, Inc. (NYSE: INN) has appointed Mike Nieves as Executive Vice President and Chief Financial Officer and promoted Adam Wudel to Executive Vice President and Chief Operating Officer, both effective November 1, 2026.
Nieves moves from PENN Entertainment to run Summit's finance function
Nieves joins from PENN Entertainment, Inc., where he was Senior Vice President of Finance and Treasurer. He oversaw investor relations, capital markets, FP&A, treasury and risk management at the publicly traded gaming, entertainment and hospitality company.
Earlier, he was a Director in JLL's M&A and Corporate Advisory group, advising on dispositions, strategic transactions and capital raising in real estate. Before that, he was a Vice President in Citigroup's Real Estate and Lodging Investment Banking Group, and he started his career as a corporate lawyer at Willkie Farr & Gallagher.
President and CEO Jonathan Stanner cited Nieves' record in capital raising and deployment, investor relations, and treasury and risk management as the basis for the hire.
Wudel advances to COO after 18 years at Summit
Wudel most recently served as Executive Vice President of Corporate Development. In that role he oversaw asset management, revenue strategy, data analytics and transaction activity. He previously held the title of Senior Vice President Finance, Capital Markets and Treasurer, leading capital markets, investor relations, FP&A and treasury.
Stanner described the promotion as "well-deserved recognition" of Wudel's work. He added that Wudel has led the asset management and revenue strategy teams and overseen the company's investment activities.
Appointments cover a 92-asset, 14,027-room portfolio
As of October 29, 2026, Summit's portfolio comprised 92 assets, 50 of them wholly owned, with 14,027 guestrooms across 24 states. The real estate investment trust focuses on premium-branded properties with efficient operating models, primarily in the Upscale lodging segment.
Wudel's move leaves the Treasurer-to-CFO finance pipeline he once led now headed by an external hire from outside the company's own ranks.