secwatch.observer — SEC 8-K summary
======================================

Issuer:     Summit Hotel Properties, Inc. (INN)
CIK:        0001497645
Form:       8-K
Filed at:   2021-11-03T23:59:59+00:00
Accession:  0001104659-21-133679
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Summit Hotel Q3 net loss narrows to $11M; RevPAR doubles to $97.89
------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1497645/000110465921133679/0001104659-21-133679-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1497645/000110465921133679/tm2131790d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-133679

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer