{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-21-133720","form_type":"8-K","ticker":"INN","cik":"0001497645","company_name":"Summit Hotel Properties, Inc.","filed_at":"2021-11-03T23:59:59+00:00","discovered_at":"2026-05-14T18:04:12.750760+00:00","generated_at":"2026-06-28T13:53:33.414999+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Summit Hotel Properties acquires 27 hotels from NewcrestImage for $822M","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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-21-133720","json":"https://secwatch.observer/filing/0001104659-21-133720.json","markdown":"https://secwatch.observer/filing/0001104659-21-133720.md","text":"https://secwatch.observer/filing/0001104659-21-133720.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1497645/000110465921133720/0001104659-21-133720-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1497645/000110465921133720/tm2131790d2_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-28T13:53:33.414999+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}