{"filings":[{"id":2133877,"accession_number":"0001104659-26-092735","cik":1497645,"company_name":"Summit Hotel Properties, Inc.","ticker":"INN","form_type":"8-K","filed_at":"2026-08-07T20:27:35+00:00","items":["8.01","9.01"],"status":"ready","headline":"Summit Hotel Properties launches $200M ATM equity program with forward sales","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Equity distribution agreement dated Aug 7, 2026 allows sale of up to $200M common stock via 15 managers.","Proceeds to fund hotel acquisitions, repay debt, capital improvements, and general corporate purposes.","Sales at market prices on NYSE; manager commissions capped at 2.0% of gross sales price.","Forward sale agreements permit physical, cash, or net share settlement; company expects physical settlement.","Program uses existing shelf registration (File No. 333-293752) with prospectus supplement dated Aug 7, 2026."],"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":2080039,"accession_number":"0001497645-26-000066","cik":1497645,"company_name":"Summit Hotel Properties, Inc.","ticker":"INN","form_type":"8-K","filed_at":"2026-08-05T20:37:06+00:00","items":["2.02","9.01"],"status":"ready","headline":"Summit Hotel Properties Q2 net income $3.9M; RevPAR up 5.0%; raises FY guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income attributable to common stockholders of $3.9M ($0.04/diluted share) vs net loss of $1.6M in Q2 2025.","Pro forma RevPAR increased 5.0% to $136.06, driven by ADR up 7.1% to $178.42; occupancy down 1.9% to 76.3%.","Pro forma hotel EBITDA up 7.8% to $72.5M; margin expanded 88 bps to 36.4%.","Adjusted FFO per diluted share rose to $0.29 from $0.27; full-year 2026 guidance ranges increased.","Refinanced $650M credit facility with extended maturity and lower costs; no debt maturities until 2028."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.06,"consensus_revenue_estimate":null,"consensus_revenue_actual":384072000.0,"consensus_period":"2026-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.78,"calibrated_materiality_score":0.78,"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":1361796,"accession_number":"0001497645-26-000054","cik":1497645,"company_name":"Summit Hotel Properties, Inc.","ticker":"INN","form_type":"8-K","filed_at":"2026-06-30T20:39:49+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Summit Hotel Properties enters $650M senior unsecured credit facility, refinancing prior facility","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["$650M facility: $400M revolver (matures 2030, extendable to 2031), $200M term loan (matures 2031), $50M delayed draw term loan (draws by March 2027).","Interest rates: SOFR + 1.40%-2.30% for revolver; term loans 0.05% less; base rate + 0.40%-1.30%.","Financial covenants: max leverage 7.25x, min fixed charge coverage 1.50x, min tangible net worth $1.67B+75% of equity proceeds.","Unencumbered asset pool: 52 hotel properties initially; minimum 20; unsecured debt to asset value ≤60%, NOI to interest ≥2.00x.","Accordion feature allows increase to $900M total commitments."],"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":0.55,"calibrated_materiality_score":0.55,"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":1009077,"accession_number":"0001497645-26-000051","cik":1497645,"company_name":"Summit Hotel Properties, Inc.","ticker":"INN","form_type":"8-K","filed_at":"2026-06-12T10:36:08+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"CFO William Conkling resigns; CEO Jonathan Stanner assumes interim principal financial officer role","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["William Conkling resigns as EVP & CFO effective June 15, 2026; departure is for personal reasons, not due to disagreement.","Conkling to provide consulting/transition services through September 30, 2026 at $25,000/month; unvested equity forfeited.","CEO Jonathan Stanner will serve as principal financial officer in addition to his CEO role, with no extra compensation.","Company has engaged a nationally recognized search firm to identify a permanent CFO successor."],"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":0.6,"calibrated_materiality_score":0.6,"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":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},{"id":243474,"accession_number":"0001497645-24-000009","cik":1497645,"company_name":"Summit Hotel Properties, Inc.","ticker":"INN","form_type":"8-K","filed_at":"2024-02-28T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Summit Hotel Properties: FY2023 net loss $0.27/share; RevPAR up 6.6%; adjusted FFO $0.92/share","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Full year 2023 net loss attributable to common stockholders $28.0M ($0.27/diluted share) vs $16.9M ($0.16) in 2022.","Pro forma RevPAR +6.6% to $120.12; ADR +3.1% to $166.27; occupancy +3.4% to 72.2%.","Adjusted EBITDAre up 5.1% to $190.0M from $180.8M; Adjusted FFO per diluted share $0.92 vs $0.94.","Completed new $200M term loan financing; no significant debt maturities until 2026; weighted avg cost of debt ~4.75%.","Sold six hotels in 2023 for ~$50M at 2.6% cap rate; increased common dividend 50% during year."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.27,"consensus_revenue_estimate":null,"consensus_revenue_actual":736127000.0,"consensus_period":"2023-FY","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":260868,"accession_number":"0001497645-23-000060","cik":1497645,"company_name":"Summit Hotel Properties, Inc.","ticker":"INN","form_type":"8-K","filed_at":"2023-11-01T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Summit Hotel Q3 net loss $5.4M; RevPAR up 2.4%; raises FY23 guidance midpoint","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss attributable to common stockholders $5.4M ($0.05 per share) vs $0.5M loss in prior year.","Pro forma RevPAR $116.91 (+2.4%), occupancy 73.4% (+2.6%), ADR $159.35 (-0.2%).","Adjusted EBITDAre $46.3M (-1.9% YoY); Adjusted FFO $0.22 per share vs $0.25 prior.","Full year 2023 Adjusted EBITDAre and Adjusted FFO guidance midpoint increased.","Pro forma hotel EBITDA $62.3M (+2.6%), margin 34.3% (-25bps)."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.11,"consensus_revenue_estimate":null,"consensus_revenue_actual":558692000.0,"consensus_period":"2023-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":260867,"accession_number":"0001497645-23-000043","cik":1497645,"company_name":"Summit Hotel Properties, Inc.","ticker":"INN","form_type":"8-K","filed_at":"2023-10-25T23:59:59+00:00","items":["5.03","9.01"],"status":"ready","headline":"Summit Hotel Properties amends bylaws with universal proxy and exclusive forum provisions","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Amended bylaws require compliance with SEC universal proxy rules for director nominations.","Enhanced disclosure requirements for stockholder nominations and proposals; updated prior to meeting dates.","Adopted exclusive forum provision: Maryland state courts for certain actions, federal courts for Securities Act claims.","Requires soliciting stockholders to use a proxy card color other than white.","Technical, modernizing, clarifying changes also included."],"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":0.2,"calibrated_materiality_score":0.2,"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":278146,"accession_number":"0001497645-23-000034","cik":1497645,"company_name":"Summit Hotel Properties, Inc.","ticker":"INN","form_type":"8-K","filed_at":"2023-09-21T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Summit Hotel JV enters $200M credit facility ($125M revolver + $75M term loan) maturing 2027","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Borrower is Summit JV MR 1, LLC, a joint venture of Summit Hotel OP and a GIC affiliate; Summit Hotel Properties (INN) is not a borrower or guarantor.","Facility includes $125M revolver and $75M term loan, both maturing Sept 15, 2027, with a single 12-month extension option.","Interest on revolver is SOFR + 2.15% (plus 0.10% SOFR adjustment) or base rate + 1.15%; term loan margin is 5 bps lower.","Key financial covenants: max leverage 55%, min fixed charge coverage 1.50x, min tangible net worth $284M + 75% of future equity proceeds, secured debt max 40% of asset value.","Accordion feature permits increasing total commitments by up to $300M, for potential aggregate borrowings of $500M."],"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":278145,"accession_number":"0001104659-23-086829","cik":1497645,"company_name":"Summit Hotel Properties, Inc.","ticker":"INN","form_type":"8-K","filed_at":"2023-08-02T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Summit Hotel Properties Q2 net loss $0.8M; pro forma RevPAR up 3.5% to $127.06","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss attributable to common stockholders of $0.8M ($0.01 per share) vs net income of $7.9M in Q2 2022.","Pro forma RevPAR increased 3.5% to $127.06; ADR up 1.9% to $168.33; occupancy up 1.6% to 75.5%.","Adjusted FFO was $33.2M ($0.27 per share), flat compared to $0.27 in Q2 2022.","Acquired The Nordic Lodge in Steamboat Springs through GIC joint venture; no deal value disclosed.","Same Store Hotel EBITDA margin contracted 138 bps to 37.1%, and Adjusted EBITDAre fell 3.1% to $52.9M."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.06,"consensus_revenue_estimate":null,"consensus_revenue_actual":376876000.0,"consensus_period":"2023-Q2","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":296246,"accession_number":"0001497645-23-000021","cik":1497645,"company_name":"Summit Hotel Properties, Inc.","ticker":"INN","form_type":"8-K","filed_at":"2023-06-27T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Summit Hotel Properties enters $600M senior unsecured credit facility, refinancing existing debt","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["$400M revolving credit facility matures June 21, 2027 (extendable to 2028) and $200M term loan matures June 21, 2026 (extendable to 2028).","Accordion feature allows up to $300M increase in total commitments.","Facility secured by 53 unencumbered hotel properties initially; leverage ratio covenant max 8.25:1.00 declining to 7.25:1.00.","Refinances the existing $600M credit facility in its entirety."],"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":0.4,"calibrated_materiality_score":0.4,"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":296245,"accession_number":"0001104659-23-064698","cik":1497645,"company_name":"Summit Hotel Properties, Inc.","ticker":"INN","form_type":"8-K","filed_at":"2023-05-25T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Summit Hotel Properties shareholders elect eight directors, ratify EY, approve say-on-pay","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["All eight director nominees elected, including incumbents Bjorn R.L. Hanson, Jeffrey W. Jones, Kenneth J. Kay, and others.","Ratification of Ernst & Young as independent auditor for FY 2023 approved with 96,072,858 for, 981,570 against.","Advisory vote on named executive officer compensation passed with 87,422,835 for, 3,508,711 against.","Approximately 90.81% of outstanding common shares represented at the meeting."],"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":0.1,"calibrated_materiality_score":0.1,"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":296244,"accession_number":"0001104659-23-055532","cik":1497645,"company_name":"Summit Hotel Properties, Inc.","ticker":"INN","form_type":"8-K","filed_at":"2023-05-03T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Summit Hotel Q1 net loss narrows to $5.2M; RevPAR +19.3%, dividend raised 50%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss attributable to common stockholders narrowed to $5.2M ($0.05/sh) from $12.4M ($0.12/sh) YoY.","Pro forma RevPAR increased 19.3% to $118.18; ADR up 11.2% to $171.63; occupancy 68.9%.","Adjusted EBITDAre rose 35.0% to $44.4M from $32.9M; Adjusted FFO per share $0.22 vs $0.17.","Common dividend hiked 50% to annualized $0.24 per share; maintains prudent payout ratio.","Urban-market RevPAR up 25% YoY; recently acquired NewcrestImage hotels exceeded 2019 RevPAR."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.05,"consensus_revenue_estimate":null,"consensus_revenue_actual":182383000.0,"consensus_period":"2023-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},{"id":316740,"accession_number":"0001104659-23-026038","cik":1497645,"company_name":"Summit Hotel Properties, Inc.","ticker":"INN","form_type":"8-K","filed_at":"2023-02-27T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Summit Hotel Properties Q4 net loss narrows to $12M; Adjusted FFO per share $0.25 vs $0.14 YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss attributable to common stockholders -$12.0M (-$0.11/diluted share) vs -$15.3M (-$0.15) in Q4 2021.","Pro forma RevPAR $109.01, up 17.9% YoY; hotel EBITDA margin 36.0% (+106 bps).","Adjusted EBITDAre $46.1M (+61.6% YoY); full year 2022 Adjusted EBITDAre $180.8M (+100%).","Completed nearly $1B in strategic acquisitions in 2022; post-year-end signed $80M in hotel/land sales.","Reinstated common dividend; initial glamping investment; no debt maturities until Q4 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.16,"consensus_revenue_estimate":null,"consensus_revenue_actual":675695000.0,"consensus_period":"2022-FY","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":334992,"accession_number":"0001104659-22-113990","cik":1497645,"company_name":"Summit Hotel Properties, Inc.","ticker":"INN","form_type":"8-K","filed_at":"2022-11-02T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Summit Hotel Q3 net loss $0.5M; RevPAR recapture 95% of 2019; acquires Onera glamping asset","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss to common stockholders was $0.5M ($0.00/diluted), compared to $11.0M ($0.10) in Q3 2021.","Same Store RevPAR increased 24.1% to $121.21; RevPAR recapture vs 2019 reached 95% (98% in September).","Adjusted FFO was $30.9M ($0.25/diluted share), up from $20.5M ($0.19) in Q3 2021.","Completed acquisition of Onera Fredericksburg, an upscale glamping asset, expanding into experiential hospitality.","Balance sheet liquidity over $450M; limited near-term maturities; invested $23.5M in capex in Q3."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.05,"consensus_revenue_estimate":null,"consensus_revenue_actual":503369000.0,"consensus_period":"2022-Q3","consensus_source":"xbrl_only","sentiment":"positive","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":352454,"accession_number":"0001104659-22-085236","cik":1497645,"company_name":"Summit Hotel Properties, Inc.","ticker":"INN","form_type":"8-K","filed_at":"2022-08-02T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Summit Hotel Properties Q2: net income $7.9M (EPS $0.07); RevPAR up 63% YoY; dividend reinstated","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income attributable to common stockholders was $7.9M ($0.07 diluted EPS) vs ($22.4M) ($0.21) in Q2 2021.","Same Store RevPAR up 62.7% to $127.44; ADR exceeded 2019 levels by 2% in Q2, 5% in June.","Pro forma Hotel EBITDA $70.7M (37.8% margin) vs $36.5M (31.4%); Adjusted FFO $0.27/share vs $0.08.","Company reinstated quarterly common dividend; total liquidity ~$500M, debt maturity profile favorable.","Completed nearly $1B in YTD transactions, including Miami Brickell acquisition and SF Hilton Garden Inn sale."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.04,"consensus_revenue_estimate":null,"consensus_revenue_actual":325117000.0,"consensus_period":"2022-Q2","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":352453,"accession_number":"0001104659-22-083241","cik":1497645,"company_name":"Summit Hotel Properties, Inc.","ticker":"INN","form_type":"8-K","filed_at":"2022-07-27T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Summit Hotel amends $600M credit facility, extends maturity, eases covenants","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Extended maturity on $400M revolver to March 2025 and $200M term loan to April 2025.","Eliminated minimum liquidity covenant; maximum leverage ratio set at 8.75x through June 2022 stepping down to 7.25x.","Switched interest rate benchmark from LIBOR to SOFR; swingline facility terminated.","Deutsche Bank resigned as administrative agent; Bank of America appointed successor.","Similar amendments made to $225M 2018 term loan with comparable terms."],"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":369982,"accession_number":"0001104659-22-061451","cik":1497645,"company_name":"Summit Hotel Properties, Inc.","ticker":"INN","form_type":"8-K","filed_at":"2022-05-16T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Summit Hotel Properties shareholders elect all eight director nominees, ratify auditor, approve say-on-pay","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Elected eight directors including Amina Belouizdad, Bjorn Hanson, Jeffrey Jones, Kenneth Kay, Mehul Patel, Jonathan Stanner, Thomas Storey, Hope Taitz.","Ratified Ernst & Young as independent auditor for FY 2022 with 93,290,905 votes for, 949,843 against.","Advisory vote on named executive officer compensation approved with 62,817,876 for, 25,689,047 against.","94,251,835 shares of common stock represented (88.63% of outstanding) at the May 12, 2022 meeting."],"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":0.2,"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":369981,"accession_number":"0001104659-22-057821","cik":1497645,"company_name":"Summit Hotel Properties, Inc.","ticker":"INN","form_type":"8-K","filed_at":"2022-05-10T23:59:59+00:00","items":["1.02","8.01","9.01"],"status":"ready","headline":"Summit Hotel Properties enters $200M ATM equity distribution program, terminates prior agreements","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["New equity distribution agreement with 12 managers for up to $200M in common stock at-the-market offerings.","Terminated prior sales agreements from 2017; new program includes forward sale option with multiple forward purchasers.","Company may issue up to 15.86M shares of common stock upon redemption of OP Units issued in $822M acquisition.","Net proceeds to operating partnership for general corporate purposes, including hotel acquisitions and debt repayment.","Managers receive commission up to 2.0% of gross sales price; forward confirmations may be settled physically or in cash."],"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":0.6,"calibrated_materiality_score":0.6,"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":369980,"accession_number":"0001104659-22-055384","cik":1497645,"company_name":"Summit Hotel Properties, Inc.","ticker":"INN","form_type":"8-K","filed_at":"2022-05-04T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Summit Hotel Properties Q1 2022: Net loss improves to $0.12/share; RevPAR up 78% YoY; Acquires $822M portfolio","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss attributable to common stockholders was $12.4M ($0.12/diluted share), vs $35.1M ($0.34) in Q1 2021.","Pro forma RevPAR increased 77.9% to $97.09; hotel EBITDA margin expanded to 32.6% from 19.7% YoY.","Closed acquisition of 27 hotels from NewcrestImage for $822M, the largest transaction in company history.","Announced pending acquisition of AC Hotel by Marriott & Element Miami Brickell and sale of Hilton Garden Inn San Francisco Airport North for $75M.","Adjusted FFO was $20.1M ($0.17/diluted share) compared to ($6.9M) ($0.07 loss) in Q1 2021."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.12,"consensus_revenue_estimate":null,"consensus_revenue_actual":141869000.0,"consensus_period":"2022-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"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":389102,"accession_number":"0001104659-22-032948","cik":1497645,"company_name":"Summit Hotel Properties, Inc.","ticker":"INN","form_type":"8-K/A","filed_at":"2022-03-11T23:59:59+00:00","items":["9.01"],"status":"ready","headline":"Summit Hotel Properties files audited financials for NewcrestImage Portfolio acquisition (27 hotels, 3,709 rooms)","summary_kind":"llm","event_type":"m_and_a","confidence":"medium","bullets":["Portfolio consists of 27 hotels under Marriott, Hilton, Hyatt, and IHG brands across Texas, Oklahoma, and Louisiana.","As of Sep 30, 2021, total assets $605.8M, debt $492.9M, members' equity $85.6M.","Nine-month 2021 revenues $80.96M, net income $0.99M; full-year 2020 revenues $70.3M, net loss $22.5M.","Debt includes mortgage loans with 10 loans in covenant default totaling $205.4M; no waivers obtained.","Pro forma financial information indicates the consolidation impact on Summit's statements is now provided."],"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":0.75,"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":389109,"accession_number":"0001104659-22-032488","cik":1497645,"company_name":"Summit Hotel Properties, Inc.","ticker":"INN","form_type":"8-K","filed_at":"2022-03-10T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Summit Hotel Properties approves 2022 executive comp: CEO salary $700K, time & performance shares","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["CEO Stanner base salary $700K, CFO Conkling $470K, EVP Eng $375K, SVP Ruiz $315K for 2022.","Time-based stock awards: Stanner 122,574 shares; Conkling 44,944; Eng 18,386; Ruiz 18,386; vest over 3 years.","Performance-based stock awards at target: Stanner 183,861 shares; Conkling 67,416; Eng 27,579; Ruiz 27,579; TSR vs hotel REIT peers.","Cash bonuses: CEO threshold 75% ($525K), target 150% ($1.05M), max 300% ($2.1M); weighted RevPAR, EBITDA, transactions, individual.","Compensation program developed with advisory from Frederic W. Cook & Co."],"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":389108,"accession_number":"0001104659-22-028754","cik":1497645,"company_name":"Summit Hotel Properties, Inc.","ticker":"INN","form_type":"8-K","filed_at":"2022-03-01T23:59:59+00:00","items":["1.01","5.02","9.01"],"status":"ready","headline":"COO Craig Aniszewski retires March 1, 2022; separation agreement includes accelerated stock vesting and COBRA coverage","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["127,910 service-based restricted shares vest immediately; 191,865 performance-based shares remain eligible through 2024","Cash payment of $6,124.87 for unused vacation; COBRA premiums reimbursed through Dec 31, 2022","General release of claims by Aniszewski; non-disparagement and confidentiality obligations survive termination","Seven-day revocation period ends March 7, 2022; agreement effective thereafter"],"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":389107,"accession_number":"0001104659-22-026151","cik":1497645,"company_name":"Summit Hotel Properties, Inc.","ticker":"INN","form_type":"8-K","filed_at":"2022-02-23T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Summit Hotel Properties posts investor presentation; no new material financial data","summary_kind":"llm","event_type":"other","confidence":"low","bullets":["Filed an updated investor presentation on its website as Exhibit 99.1 to Form 8-K.","Presentation lists hotel brands such as Residence Inn, Courtyard, Hyatt House, AC Hotel, and Canopy by Hilton.","No financial metrics, guidance, or strategic updates were disclosed in the presentation.","This is a routine Regulation FD disclosure without material news for investors."],"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":0.05,"calibrated_materiality_score":0.05,"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":389106,"accession_number":"0001104659-22-026129","cik":1497645,"company_name":"Summit Hotel Properties, Inc.","ticker":"INN","form_type":"8-K","filed_at":"2022-02-23T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Summit Hotel Properties Q4 net loss $15.3M, RevPAR recapture high; FY 2021 RevPAR $81.13, up 55%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 net loss $15.3M ($0.15/diluted share), improving from $46.8M loss ($0.45) in Q4 2020.","Q4 pro forma RevPAR $94.22, +118% YoY; ADR $144.99 (+44%); occupancy 65.0% (+51.5%).","FY 2021 net loss $83.7M ($0.80/share) vs $158.2M ($1.52) in 2020; Adjusted FFO $0.35/share vs -$0.37.","FY 2021 pro forma hotel EBITDA $109.4M, margin 29.6% (vs 12.1% in 2020); Adjusted EBITDAre $90.5M.","Announced nearly $900M of high-growth, strategic acquisitions since pandemic onset."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.8,"consensus_revenue_estimate":null,"consensus_revenue_actual":361926000.0,"consensus_period":"2021-FY","consensus_source":"xbrl_only","sentiment":"neutral","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":389105,"accession_number":"0001104659-22-009710","cik":1497645,"company_name":"Summit Hotel Properties, Inc.","ticker":"INN","form_type":"8-K","filed_at":"2022-01-31T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Summit Hotel Properties COO Craig Aniszewski to retire effective March 1, 2022; internal successors named","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Craig J. Aniszewski, EVP and COO, will retire on March 1, 2022 after 25 years with Summit and its predecessor.","No disagreements between Mr. Aniszewski and the company regarding his retirement.","Larry Trowbridge (design/construction) and Greg James (asset management/revenue strategy) promoted as part of the succession plan.","Trowbridge and James have nearly 20 and 15 years with Summit, respectively, and each bring over 30 years of industry experience."],"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":0.45,"calibrated_materiality_score":0.45,"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":389104,"accession_number":"0001104659-22-004141","cik":1497645,"company_name":"Summit Hotel Properties, Inc.","ticker":"INN","form_type":"8-K","filed_at":"2022-01-14T23:59:59+00:00","items":["1.01","2.01","2.03","3.02","5.02","7.01","8.01","9.01"],"status":"ready","headline":"Summit Hotel Properties closes $822M acquisition of 27-hotel portfolio from NewcrestImage","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Initial closing of 26 hotels (3,533 rooms) for $766M; one hotel (Canopy New Orleans) pending Q1 2022 for $56M.","Transaction includes $410M term loan (SOFR+2.86%), 15.865M common units and $50M Series Z preferred units.","Acquisition expected immediately accretive to adjusted FFO per share with 8.0%-8.5% stabilized NOI yield.","GIC joint venture funds 49% in cash; Summit's 51% equity funded via units, preserving ~$450M liquidity.","Mehul Patel, NewcrestImage CEO, appointed to Summit's Board as part of director nomination agreement."],"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":0.85,"calibrated_materiality_score":0.85,"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":389103,"accession_number":"0001104659-22-001550","cik":1497645,"company_name":"Summit Hotel Properties, Inc.","ticker":"INN","form_type":"8-K","filed_at":"2022-01-05T23:59:59+00:00","items":["1.01","5.02","9.01"],"status":"ready","headline":"Executive Chairman Hansen to retire Jan 1, 2022; mutual release, $1M payment, equity amendments","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Daniel P. Hansen retires as Executive Chairman effective Jan 1, 2022; mutual release of claims on Dec 31, 2021.","Hansen receives $1,000,000 in 12 monthly installments, COBRA premium reimbursement for 12 months.","Accelerated vesting of all unvested service-based restricted shares on retirement date.","Performance-based stock award agreements amended to remove employment requirement for vesting.","Seven-day revocation period for release; amendments filed as Exhibits 10.2 and 10.3."],"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":407034,"accession_number":"0001104659-21-147252","cik":1497645,"company_name":"Summit Hotel Properties, Inc.","ticker":"INN","form_type":"8-K","filed_at":"2021-12-07T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Summit Hotel Properties: Exec Chairman Hansen to retire; Jones named Non-Exec Chairman effective Jan 1, 2022","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Dan Hansen retiring as Executive Chairman effective Dec 31, 2021; will remain on board until 2022 annual meeting.","Jeff Jones, current Lead Independent Director and audit chair, appointed Non-Executive Chairman effective Jan 1, 2022.","Jones chairs audit committee at Noodles & Co (NDLS) and serves on boards of Hershey Entertainment and ClubCorp.","Press release also references previously announced $822M acquisition of 27-hotel portfolio from NewcrestImage."],"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":0.55,"calibrated_materiality_score":0.55,"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":407033,"accession_number":"0001104659-21-133720","cik":1497645,"company_name":"Summit Hotel Properties, Inc.","ticker":"INN","form_type":"8-K","filed_at":"2021-11-03T23:59:59+00:00","items":["1.01","7.01","9.01"],"status":"ready","headline":"Summit Hotel Properties acquires 27 hotels from NewcrestImage for $822M","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Acquires 27 hotels (3,709 rooms) and 2 parking structures from NewcrestImage for $822M total.","Financing: $410M term loan (Bank of America/Wells Fargo), $50M 5.25% Series Z preferred units, $160M common units to seller, $208M cash from GIC.","Expected close Q4 2021 or Q1 2022; transaction immediately accretive to Adjusted FFO and leverage-neutral.","NewcrestImage gets board nomination right for one director and ~13% pro forma common ownership.","Portfolio avg effective age 3.8 yrs; ~50% in Dallas/Fort Worth; 35% increase in total room count to 15,000+ keys."],"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":0.85,"calibrated_materiality_score":0.85,"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":407032,"accession_number":"0001104659-21-133683","cik":1497645,"company_name":"Summit Hotel Properties, Inc.","ticker":"INN","form_type":"8-K","filed_at":"2021-11-03T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Summit Hotel Properties posts acquisition and operating update investor presentation","summary_kind":"llm","event_type":"other","confidence":"low","bullets":["Presentation lists recent acquisitions including Residence Inn Portland Downtown, AC Hotel Frisco, and Embassy Suites Amarillo.","No specific financial metrics (prices, cap rates, RevPAR) provided in the excerpted exhibit text.","Updated presentation is available on the company's website; filing under Item 7.01 Regulation FD."],"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":0.3,"calibrated_materiality_score":0.3,"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":407031,"accession_number":"0001104659-21-133679","cik":1497645,"company_name":"Summit Hotel Properties, Inc.","ticker":"INN","form_type":"8-K","filed_at":"2021-11-03T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Summit Hotel Q3 net loss narrows to $11M; RevPAR doubles to $97.89","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss of $11.0M ($0.10 per diluted share) vs $38.3M loss in Q3 2020.","Pro forma RevPAR $97.89 (+109% YoY); ADR $142.54 (+37%); occupancy 68.7%.","Adjusted EBITDAre $34.0M vs $2.5M; Adjusted FFO $0.19 per share vs ($0.10).","Announced acquisition of 27-hotel portfolio after quarter end."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.66,"consensus_revenue_estimate":null,"consensus_revenue_actual":255064000.0,"consensus_period":"2021-Q3","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":426033,"accession_number":"0001104659-21-103496","cik":1497645,"company_name":"Summit Hotel Properties, Inc.","ticker":"INN","form_type":"8-K","filed_at":"2021-08-11T23:59:59+00:00","items":["3.03","5.03","7.01","8.01","9.01"],"status":"ready","headline":"Summit Hotel Properties prices $100M public offering of 5.875% Series F Preferred Stock","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Pricing: 4,000,000 shares at $25.00 each; gross proceeds $100M; underwriters' 30-day option for 600,000 additional shares.","Net proceeds estimated at $96.7M (or $111.2M if over-allotment exercised in full).","Proceeds to redeem $75M of outstanding 6.45% Series D Preferred Stock plus accrued dividends; balance to reduce revolver/term loans.","Offering expected to close August 12, 2021, subject to customary conditions.","Underwriters led by Wells Fargo, Raymond James, BofA Securities, and Deutsche Bank."],"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":0.75,"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":426032,"accession_number":"0001104659-21-099492","cik":1497645,"company_name":"Summit Hotel Properties, Inc.","ticker":"INN","form_type":"8-K","filed_at":"2021-08-03T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Summit Hotel Q2 net loss narrows to $22.4M ($0.21/sh); 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