{"filings":[{"id":583996,"accession_number":"0001497645-26-000046","cik":1497645,"company_name":"Summit Hotel Properties, Inc.","ticker":"INN","form_type":"8-K","filed_at":"2026-05-21T21:03:15+00:00","items":["5.07"],"status":"ready","headline":"Summit Hotel Properties holds Annual Meeting; all director nominees elected, auditor ratified, say-on-pay approved","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Quorum was 93,766,794 shares (86.18% of outstanding common stock).","Elected eight director nominees with at least 84M votes each; highest against was Hope S. Taitz (2.58M against).","Ratified Ernst & Young LLP as independent auditor for 2026: 93.4M for, 344K against, 18.5K abstain.","Advisory say-on-pay resolution approved with 86.3M for, 595K against, 15.9K abstain (excl. broker non-votes).","All proposals passed; no changes to board composition or auditor."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"market_cap_usd":687572993.2183099,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":93193,"accession_number":"0001497645-26-000042","cik":1497645,"company_name":"Summit Hotel Properties, Inc.","ticker":"INN","form_type":"8-K","filed_at":"2026-04-30T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Summit Hotel Q1 net loss $10.4M vs $4.7M loss; RevPAR up 0.2%, guidance raised","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss attributable to common stockholders of $10.4M ($0.10 diluted EPS) vs $4.7M loss in Q1 2025.","Total revenues $185.1M; pro forma RevPAR $126.57 (+0.2% YoY) on ADR growth of 1.5%.","Adjusted FFO $25.5M ($0.21/share) vs $27.4M ($0.22/share) in prior year quarter.","Agreement to sell Courtyard & Residence Inn Dallas (Arlington South) for $19M at 5.0% cap rate.","Repurchased 1.4M shares in Q1; no debt maturities until 2028; increased FY 2026 guidance."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.1,"consensus_revenue_estimate":null,"consensus_revenue_actual":185053000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":687572993.2183099,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":104613,"accession_number":"0001497645-26-000017","cik":1497645,"company_name":"Summit Hotel Properties, Inc.","ticker":"INN","form_type":"8-K","filed_at":"2026-02-25T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Summit Hotel Q4 net loss $0.06/shr; RevPAR down 1.6% YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss attributable to common stockholders was $6.0M ($0.06/shr) vs net income $0.7M ($0.01/shr) in Q4 2024.","Same store RevPAR decreased 1.6% to $115.34; ADR down 1.0%, occupancy down 0.6%.","Adjusted EBITDAre decreased to $39.7M from $42.1M; Adjusted FFO per diluted share $0.18 vs $0.20.","Sold two non-core hotels in Q4 and one in Q1'26, gross proceeds over $51M; no debt maturities until 2028.","Management optimistic for 2026 due to World Cup matches in six markets and easing government travel comparisons."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.22,"consensus_revenue_estimate":null,"consensus_revenue_actual":729472000.0,"consensus_period":"2025-FY","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":687572993.2183099,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":120885,"accession_number":"0001497645-25-000109","cik":1497645,"company_name":"Summit Hotel Properties, Inc.","ticker":"INN","form_type":"8-K","filed_at":"2025-12-18T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Summit Hotel amends four credit agreements, eliminating 0.10% SOFR credit spread adjustment","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Removed 0.10% credit spread adjustment to Term SOFR on delayed-draw term loan, OP credit facility, GIC JV facility and 2024 term loan.","Amendment effective December 17, 2025; reduces interest expense on these floating-rate borrowings.","Facilities affected: DDTL ($? ), $850M OP revolver, GIC JV loan, and $350M term loan (based on prior filings)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":687572993.2183099,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":120884,"accession_number":"0001497645-25-000103","cik":1497645,"company_name":"Summit Hotel Properties, Inc.","ticker":"INN","form_type":"8-K","filed_at":"2025-11-04T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Summit Hotel Properties Q3 net loss $11.3M; RevPAR down 3.7%; sells two hotels for $39M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss attributable to common stockholders $11.3M ($0.11 diluted) vs loss $4.3M in Q3 2024.","Same store RevPAR fell 3.7% to $115.77; ADR down 3.4% to $157.62; occupancy down 0.3% to 73.5%.","Pro forma Hotel EBITDA $54.1M (30.6% margin) vs $62.2M (34.1%) in Q3 2024; Adjusted FFO $21.3M ($0.17) vs $27.6M ($0.22).","Sold two hotels post-quarter for $39M at 4.3% blended cap rate; also refinanced $400M NCI term loan.","Year-to-date net loss $17.6M ($0.17 diluted) vs net income $24.5M ($0.21) in prior year period."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.17,"consensus_revenue_estimate":null,"consensus_revenue_actual":554512000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":687572993.2183099,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":137484,"accession_number":"0001497645-25-000093","cik":1497645,"company_name":"Summit Hotel Properties, Inc.","ticker":"INN","form_type":"8-K","filed_at":"2025-08-05T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Summit Hotel Q2 net loss $1.6M; RevPAR down 3.8%; AFFO $0.27/share","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss attributable to common stockholders of $1.6M ($0.02/diluted share) vs. net income of $30.8M in Q2 2024.","Pro forma RevPAR fell 3.8% to $128.79; same-store RevPAR declined 3.6% to $128.07.","AFFO of $32.7M ($0.27/diluted share) compared to $36.4M ($0.29) in prior-year quarter.","Repurchased 3.6M common shares for $15.4M at avg $4.30, an 15% discount to market price.","Completed two debt financings extending maturities; no maturities until 2028 and over $310M liquidity."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.06,"consensus_revenue_estimate":null,"consensus_revenue_actual":377395000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":687572993.2183099,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":137483,"accession_number":"0001497645-25-000084","cik":1497645,"company_name":"Summit Hotel Properties, Inc.","ticker":"INN","form_type":"8-K","filed_at":"2025-07-28T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Summit Hotel Properties JV enters $400M term loan facility maturing 2028, extendable to 2030","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["$400M term loan with Bank of America as admin agent; interest at SOFR + 2.35% or base rate + 1.35%.","Financial covenants: max leverage 55%, min tangible net worth $593.9M + 75% of future equity proceeds.","Facility secured by equity interests in subsidiaries holding borrowing base assets; accordion feature to $600M.","Maturity July 24, 2028, optional two 12-month extensions; no prepayment penalty.","Summit Hotel Properties, Inc. not a borrower or guarantor; Parent is JV between Summit OP and USFI G-Peak."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":687572993.2183099,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":154832,"accession_number":"0001497645-25-000064","cik":1497645,"company_name":"Summit Hotel Properties, Inc.","ticker":"INN","form_type":"8-K","filed_at":"2025-05-22T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Summit Hotel Properties annual meeting elects eight directors, ratifies Ernst & Young, approves say-on-pay","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["All eight director nominees elected with 84M-90M votes each; broker non-votes ~6.9M.","Ratification of Ernst & Young as auditor for FY2025: 93,983,548 for, 3,593,985 against.","Advisory say-on-pay resolution approved: 87,371,959 for, 3,217,470 against, 56,884 abstain.","Meeting held May 21, 2025; 97.6M shares (87.6% of outstanding) represented.","No material changes to board composition or compensation program disclosed."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"market_cap_usd":687572993.2183099,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":154831,"accession_number":"0001104659-25-044229","cik":1497645,"company_name":"Summit Hotel Properties, Inc.","ticker":"INN","form_type":"8-K","filed_at":"2025-05-02T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Summit Hotel registers 12.94M shares for resale by selling stockholder underlying OP units","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Filed prospectus supplement to register up to 12,940,877 shares of common stock underlying OP Units.","Shares may be sold from time to time by the selling stockholder upon redemption of OP Units.","Company will not receive any proceeds from the sale of these shares.","Redemption of OP Units can be settled in cash or, at company's election, in common stock on a one-for-one basis."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":687572993.2183099,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":154830,"accession_number":"0001497645-25-000050","cik":1497645,"company_name":"Summit Hotel Properties, Inc.","ticker":"INN","form_type":"8-K","filed_at":"2025-04-30T23:59:59+00:00","items":["2.02","8.01","9.01"],"status":"ready","headline":"Summit Hotel posts Q1 net loss $4.7M; RevPAR +1.5%; $275M term loan, $50M buyback","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss $4.7M ($0.04/diluted) vs $2.1M ($0.02) in Q1 2024; Adjusted FFO $0.22/diluted.","Same-store RevPAR +1.5% to $126.26; ADR +0.7% to $174.03; occupancy +0.8% to 72.5%.","Pro forma hotel EBITDA $65.6M, margin 35.6%, down 48 bps YoY.","Closed $275M delayed-draw term loan to refinance Feb 2026 convertible notes (1.5% coupon).","Board authorized $50M common stock repurchase program; management discretion, no expiration."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.04,"consensus_revenue_estimate":null,"consensus_revenue_actual":184478000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":687572993.2183099,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":154829,"accession_number":"0001497645-25-000040","cik":1497645,"company_name":"Summit Hotel Properties, Inc.","ticker":"INN","form_type":"8-K","filed_at":"2025-04-02T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Summit Hotel Properties enters $275M unsecured delayed draw term loan facility","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Facility of $275M with accordion feature up to $50M; draw period through March 1, 2026.","Maturity March 27, 2028, extendable to March 27, 2030 with two 12-month options.","Interest rate based on SOFR plus 1.35%-2.35% or base rate plus 0.35%-1.35% based on leverage.","Covenants include max leverage 7.25x, min fixed charge coverage 1.50x, max secured leverage 45%.","Proceeds to refinance existing debt and for general working capital."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":687572993.2183099,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":173342,"accession_number":"0001497645-25-000014","cik":1497645,"company_name":"Summit Hotel Properties, Inc.","ticker":"INN","form_type":"8-K","filed_at":"2025-02-24T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Summit Hotel Properties Q4 net income $0.7M; full-year AFFO per share up 5.6% to $0.96","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 net income $0.7M vs loss $16.6M prior year; full-year net income $25.1M vs loss $28.0M.","Full-year Adjusted FFO up 5.6% to $0.96/diluted share from $0.92; Adjusted EBITDAre $192.2M.","Pro forma RevPAR +1.4% in Q4 to $117.21; full-year +1.8% to $124.13; occupancy rose 1.2%.","Completed over $200M of accretive transactions in 2024, including $96M acquisition at 8.8% cap rate.","Pro forma hotel EBITDA margin contracted 140 bps in Q4 to 34.1% but full-year essentially flat at 35.6%."],"consensus_eps_estimate":null,"consensus_eps_actual":0.22,"consensus_revenue_estimate":null,"consensus_revenue_actual":731783000.0,"consensus_period":"2024-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":687572993.2183099,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":190353,"accession_number":"0001497645-24-000079","cik":1497645,"company_name":"Summit Hotel Properties, Inc.","ticker":"INN","form_type":"8-K","filed_at":"2024-11-04T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Summit Hotel Properties Q3 net loss $4.3M; Adjusted FFO up 4% to $27.6M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss attributable to common stockholders $4.3M ($0.04 per diluted share), improved from net loss $5.4M in Q3 2023.","Pro forma RevPAR flat at $120.02 (+0.1%); pro forma hotel EBITDA down 2.9% to $59.7M; margin contracted 99bps to 33.8%.","Adjusted FFO increased 4.0% to $27.6M ($0.22/share), same as prior year per share.","Sold 10 hotels over 18 months for ~$150M at <5% cap rate; post-quarter-end sold Four Points San Francisco Airport for $17.7M.","YTD Adjusted FFO per share up 8% to $0.76; Adjusted EBITDAre up 4.5% to $150.1M."],"consensus_eps_estimate":null,"consensus_eps_actual":0.21,"consensus_revenue_estimate":null,"consensus_revenue_actual":558852000.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":687572993.2183099,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":206848,"accession_number":"0001497645-24-000065","cik":1497645,"company_name":"Summit Hotel Properties, Inc.","ticker":"INN","form_type":"8-K","filed_at":"2024-07-29T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Summit Hotel Properties Q2 net income $30.8M; Adjusted EBITDAre record $55.9M, up 6% YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income attributable to common stockholders $30.8M ($0.23/diluted share) vs net loss $0.8M in Q2 2023.","Adjusted EBITDAre $55.9M, all-time quarterly record, up 5.7% YoY; Adjusted FFO $0.29/share, up 10%.","Pro forma RevPAR grew 3.4% to $132.41; pro forma hotel EBITDA margin expanded 120 bps to 38.0%.","Sold three hotels for $84M during Q2 as part of deleveraging and portfolio improvement."],"consensus_eps_estimate":null,"consensus_eps_actual":0.21,"consensus_revenue_estimate":null,"consensus_revenue_actual":382045000.0,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":687572993.2183099,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":224130,"accession_number":"0001497645-24-000051","cik":1497645,"company_name":"Summit Hotel Properties, Inc.","ticker":"INN","form_type":"8-K","filed_at":"2024-05-23T23:59:59+00:00","items":["5.02","5.07","9.01"],"status":"ready","headline":"Stockholders approve 2024 Equity Incentive Plan; all directors re-elected","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Plan authorizes 4,406,174 common shares: 1,271,174 from prior plan plus 3,135,000 new shares.","Plan replaces 2011 Equity Incentive Plan; no further grants under 2011 Plan.","All eight director nominees elected; Hope S. Taitz received 64.5M for vs. 18.9M against.","Ratification of Ernst & Young as auditor for FY2024 approved with 98.8% of votes cast.","Say-on-pay approved (80.9M for); say-when-on-pay frequency set to annual."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":687572993.2183099,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":224129,"accession_number":"0001497645-24-000044","cik":1497645,"company_name":"Summit Hotel Properties, Inc.","ticker":"INN","form_type":"8-K","filed_at":"2024-05-01T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Summit Hotel Properties Q1 net loss narrows to $2.1M; dividend raised 33% to $0.32","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["RevPAR up 1.5% to $124.18; Hotel EBITDA margin expanded 81 bps to 36.5%.","Adjusted FFO per share up 14% to $0.24; Adjusted EBITDAre up 9.8% to $48.8M.","Sold three hotels for $84.0M at 6.8% cap rate; proceeds to deleverage balance sheet.","Common dividend increased 33% to annualized $0.32 per share.","Updated 2024 guidance: Adjusted EBITDAre and Adjusted FFO raised."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.02,"consensus_revenue_estimate":null,"consensus_revenue_actual":188142000.0,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":687572993.2183099,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":null}