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

Issuer:     Summit Hotel Properties, Inc. (INN)
CIK:        0001497645
Form:       8-K
Filed at:   2022-02-23T23:59:59+00:00
Accession:  0001104659-22-026129
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Summit Hotel Properties Q4 net loss $15.3M, RevPAR recapture high; FY 2021 RevPAR $81.13, up 55%
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1497645/000110465922026129/0001104659-22-026129-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1497645/000110465922026129/tm227462d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-026129

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