Capital recycling continues with the sale of the Hyatt Place Fort Myers/at the Forum. : AUSTIN, TEXAS - Summit Hotel Properties, Inc. reported that it has completed the acquisition of the 150-guestroom Residence Inn by Marriott Boston Watertown and the previously announced sale of the 148-guestroom Hyatt Place Fort Myers/at the Forum. "We are thrilled with the acquisition of the Residence Inn by Marriott Boston Watertown, which represents a continuation of our capital allocation strategy by acquiring an exceptionally well-located hotel in a vibrant market," said Chairman, President and Chief Executive Officer Daniel P. Hansen.