---
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"
generated_at: "2026-06-26T00:37:28.380989+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Summit Hotel Properties Q1 2022: Net loss improves to $0.12/share; RevPAR up 78% YoY; Acquires $822M portfolio

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-055384
- JSON: https://secwatch.observer/filing/0001104659-22-055384.json
- Plain text: https://secwatch.observer/filing/0001104659-22-055384.txt

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