Daniel P. Hansen served as the President and CEO of Summit Hotel Properties, Inc. from its inception in 2011 until he transitioned to the role of Executive Chairman in 2021. He has a strong background in the hospitality industry, which...
Daniel P. Hansen served as the President and CEO of Summit Hotel Properties, Inc. from its inception in 2011 until he transitioned to the role of Executive Chairman in 2021. He has a strong background in the hospitality industry, which has been critical in leading Summit through various market conditions. Under his leadership, the company navigated challenges and aimed to enhance shareholder value, primarily through property acquisitions and improving operational efficiency. Hansen’s approach to management was reflected in his 2021 compensation, which included a base salary of $500,000 and a significant equity award valued at $1.5 million, highlighting his alignment with the company's long-term goals. Interestingly, he decided to retire in 2022, marking an end to more than a decade of service as a key executive. He's known not just for his role but also for his strategic thinking in transitions, allowing others to step up while he laid the groundwork for continued success. This balance of leadership and foresight is what defined his time with Summit.