---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-21-103496"
form_type: "8-K"
ticker: "INN"
cik: "0001497645"
company_name: "Summit Hotel Properties, Inc."
filed_at: "2021-08-11T23:59:59+00:00"
generated_at: "2026-06-29T14:58:22.803303+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Summit Hotel Properties prices $100M public offering of 5.875% Series F Preferred Stock

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-21-103496
- form_type: 8-K
- ticker: INN
- cik: 0001497645
- company_name: Summit Hotel Properties, Inc.
- filed_at: 2021-08-11T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.03, 5.03, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1497645/000110465921103496/0001104659-21-103496-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1497645/000110465921103496/tm2124093d4_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-103496
- JSON: https://secwatch.observer/filing/0001104659-21-103496.json
- Plain text: https://secwatch.observer/filing/0001104659-21-103496.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.