---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-057821"
form_type: "8-K"
ticker: "INN"
cik: "0001497645"
company_name: "Summit Hotel Properties, Inc."
filed_at: "2022-05-10T23:59:59+00:00"
generated_at: "2026-06-25T21:37:10.484402+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Summit Hotel Properties enters $200M ATM equity distribution program, terminates prior agreements

## Summary
- New equity distribution agreement with 12 managers for up to $200M in common stock at-the-market offerings.
- Terminated prior sales agreements from 2017; new program includes forward sale option with multiple forward purchasers.
- Company may issue up to 15.86M shares of common stock upon redemption of OP Units issued in $822M acquisition.
- Net proceeds to operating partnership for general corporate purposes, including hotel acquisitions and debt repayment.
- Managers receive commission up to 2.0% of gross sales price; forward confirmations may be settled physically or in cash.

## SEC filing metadata
- accession: 0001104659-22-057821
- form_type: 8-K
- ticker: INN
- cik: 0001497645
- company_name: Summit Hotel Properties, Inc.
- filed_at: 2022-05-10T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1497645/000110465922057821/0001104659-22-057821-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1497645/000110465922057821/tm2214409d3_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-057821
- JSON: https://secwatch.observer/filing/0001104659-22-057821.json
- Plain text: https://secwatch.observer/filing/0001104659-22-057821.txt

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