---
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"
generated_at: "2026-06-22T13:31:00.381719+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Summit Hotel Q3 net loss $0.5M; RevPAR recapture 95% of 2019; acquires Onera glamping asset

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-113990
- JSON: https://secwatch.observer/filing/0001104659-22-113990.json
- Plain text: https://secwatch.observer/filing/0001104659-22-113990.txt

## Key facts
- Earnings Releases
  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.
  - Period: the three months ended September 30, 2022
  - Revenue: $ 178,252
  - Net income: $0.5 million
  - EPS: $0.00 per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1497645/000110465922113990/0001104659-22-113990-index.htm
- Earnings Releases
  Summit Hotel Properties, Inc. reported the nine months ended September 30, 2022 results: revenue $ 503,369, net income $ (4,954 ), EPS $ (0.05 ).
  - Period: the nine months ended September 30, 2022
  - Revenue: $ 503,369
  - Net income: $ (4,954 )
  - EPS: $ (0.05 )
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1497645/000110465922113990/0001104659-22-113990-index.htm

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