PALM BEACH, FL-Innkeepers USA Trust, a publicly traded hotel REIT based here, has doubled its regular common share dividend to 6 cents per share for the third quarter from 3 cents the previous quarter.The company’s board of trustees also declared a regular dividend of 50 cents per series C cumulative preferred share for this July 28 to Oct. 26. The common and series C preferred dividends are payable Oct. 26 to shareholders of record Sept. 24.Innkeepers USA Trust acquires and develops upscale, extended-stay hotel properties in the US. Most recently, the company this week paid $3.7 million for a site in Valencia, CA, where it plans to develop a 157-suite Embassy Suites hotel. The company also focuses on rebranding and repositioning hotel properties. The company owns 68 hotels with 8,579 suites or rooms in 21 states.

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