---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-032948"
form_type: "8-K/A"
ticker: "INN"
cik: "0001497645"
company_name: "Summit Hotel Properties, Inc."
filed_at: "2022-03-11T23:59:59+00:00"
generated_at: "2026-06-26T23:34:37.843843+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "medium"
source: SEC EDGAR
---

# Summit Hotel Properties files audited financials for NewcrestImage Portfolio acquisition (27 hotels, 3,709 rooms)

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-22-032948
- form_type: 8-K/A
- ticker: INN
- cik: 0001497645
- company_name: Summit Hotel Properties, Inc.
- filed_at: 2022-03-11T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: medium
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1497645/000110465922032948/0001104659-22-032948-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1497645/000110465922032948/tm228887d2_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-032948
- JSON: https://secwatch.observer/filing/0001104659-22-032948.json
- Plain text: https://secwatch.observer/filing/0001104659-22-032948.txt

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