{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-22-055384","form_type":"8-K","ticker":"INN","cik":"0001497645","company_name":"Summit Hotel Properties, Inc.","filed_at":"2022-05-04T23:59:59+00:00","discovered_at":"2026-05-14T18:04:00.917577+00:00","generated_at":"2026-06-26T00:37:28.380989+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Summit Hotel Properties Q1 2022: Net loss improves to $0.12/share; RevPAR up 78% YoY; Acquires $822M portfolio","bullets":["Net loss attributable to common stockholders was $12.4M ($0.12/diluted share), vs $35.1M ($0.34) in Q1 2021.","Pro forma RevPAR increased 77.9% to $97.09; hotel EBITDA margin expanded to 32.6% from 19.7% YoY.","Closed acquisition of 27 hotels from NewcrestImage for $822M, the largest transaction in company history.","Announced pending acquisition of AC Hotel by Marriott & Element Miami Brickell and sale of Hilton Garden Inn San Francisco Airport North for $75M.","Adjusted FFO was $20.1M ($0.17/diluted share) compared to ($6.9M) ($0.07 loss) in Q1 2021."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-22-055384","json":"https://secwatch.observer/filing/0001104659-22-055384.json","markdown":"https://secwatch.observer/filing/0001104659-22-055384.md","text":"https://secwatch.observer/filing/0001104659-22-055384.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1497645/000110465922055384/0001104659-22-055384-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1497645/000110465922055384/tm2214307d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-26T00:37:28.380989+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"}