{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-22-113990","form_type":"8-K","ticker":"INN","cik":"0001497645","company_name":"Summit Hotel Properties, Inc.","filed_at":"2022-11-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:50.859972+00:00","generated_at":"2026-06-22T13:31:00.381719+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Summit Hotel Q3 net loss $0.5M; RevPAR recapture 95% of 2019; acquires Onera glamping asset","bullets":["Net loss to common stockholders was $0.5M ($0.00/diluted), compared to $11.0M ($0.10) in Q3 2021.","Same Store RevPAR increased 24.1% to $121.21; RevPAR recapture vs 2019 reached 95% (98% in September).","Adjusted FFO was $30.9M ($0.25/diluted share), up from $20.5M ($0.19) in Q3 2021.","Completed acquisition of Onera Fredericksburg, an upscale glamping asset, expanding into experiential hospitality.","Balance sheet liquidity over $450M; limited near-term maturities; invested $23.5M in capex in Q3."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-22-113990","json":"https://secwatch.observer/filing/0001104659-22-113990.json","markdown":"https://secwatch.observer/filing/0001104659-22-113990.md","text":"https://secwatch.observer/filing/0001104659-22-113990.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1497645/000110465922113990/0001104659-22-113990-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1497645/000110465922113990/tm2229485d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T13:31:00.381719+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":[{"claim_id":"d7a53696d4867446dccb29d01fde595e57533158","claim":"Summit Hotel Properties, Inc. reported the three months ended September 30, 2022 results: revenue $ 178,252, net income $0.5 million, EPS $0.00 per diluted share.","evidence_excerpt":"Net loss attributable to common stockholders $ (517 ) $ (10,964 ) $ (4,954 ) $ (68,439 ) Net loss per diluted share $ 0.00 $ (0.10 ) $ (0.05 ) $ (0.66 ) Total revenues $ 178,252 $ 110,686 $ 503,369 $ 255,064 EBITDA re (1) $ 54,935 $ 37,523 $ 156,111 $ 60,013 Adjusted EBITDA re (1) $ 47,218 $ 34,024 $ 134,731 $ 61,982 FFO (1) $ 28,085 $ 16,841 $ 69,711 $","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1497645/000110465922113990/0001104659-22-113990-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended September 30, 2022"},{"label":"Revenue","value":"$ 178,252"},{"label":"Net income","value":"$0.5 million"},{"label":"EPS","value":"$0.00 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"fc08c7c1e0cd25c2de9669f2f20c8b1db218278d","claim":"Summit Hotel Properties, Inc. reported the nine months ended September 30, 2022 results: revenue $ 503,369, net income $ (4,954 ), EPS $ (0.05 ).","evidence_excerpt":"to common stockholders $ (517 ) $ (10,964 ) $ (4,954 ) $ (68,439 ) Net loss per diluted share $ 0.00 $ (0.10 ) $ (0.05 ) $ (0.66 ) Total revenues $ 178,252 $ 110,686 $ 503,369 $ 255,064 EBITDA re (1) $ 54,935 $ 37,523 $ 156,111 $ 60,013 Adjusted EBITDA re (1) $ 47,218 $ 34,024 $ 134,731 $ 61,982 FFO (1) $ 28,085 $ 16,841 $ 69,711 $ 9,160 Adjusted FFO","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1497645/000110465922113990/0001104659-22-113990-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the nine months ended September 30, 2022"},{"label":"Revenue","value":"$ 503,369"},{"label":"Net income","value":"$ (4,954 )"},{"label":"EPS","value":"$ (0.05 )"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}