{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-026038","form_type":"8-K","ticker":"INN","cik":"0001497645","company_name":"Summit Hotel Properties, Inc.","filed_at":"2023-02-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.257856+00:00","generated_at":"2026-06-18T23:28:54.112802+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Summit Hotel Properties Q4 net loss narrows to $12M; Adjusted FFO per share $0.25 vs $0.14 YoY","bullets":["Net loss attributable to common stockholders -$12.0M (-$0.11/diluted share) vs -$15.3M (-$0.15) in Q4 2021.","Pro forma RevPAR $109.01, up 17.9% YoY; hotel EBITDA margin 36.0% (+106 bps).","Adjusted EBITDAre $46.1M (+61.6% YoY); full year 2022 Adjusted EBITDAre $180.8M (+100%).","Completed nearly $1B in strategic acquisitions in 2022; post-year-end signed $80M in hotel/land sales.","Reinstated common dividend; initial glamping investment; no debt maturities until Q4 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-026038","json":"https://secwatch.observer/filing/0001104659-23-026038.json","markdown":"https://secwatch.observer/filing/0001104659-23-026038.md","text":"https://secwatch.observer/filing/0001104659-23-026038.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1497645/000110465923026038/0001104659-23-026038-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1497645/000110465923026038/tm237634d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T23:28:54.112802+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":"a1f0cf4578ff5ce17ec6268cf4a1020c345a1282","claim":"Summit Hotel Properties, Inc. reported Full Year 2022 results: revenue $675,695, net income $(16,929), EPS $(0.16).","evidence_excerpt":"Net loss attributable to common stockholders $ (11,975 ) $ (15,275 ) $ (16,929 ) $ (83,714 ) Net loss per diluted share $ (0.11 ) $ (0.15 ) $ (0.16 ) $ (0.80 ) Total revenues $ 172,326 $ 106,862 $ 675,695 $ 361,926","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1497645/000110465923026038/0001104659-23-026038-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Full Year 2022"},{"label":"Revenue","value":"$675,695"},{"label":"Net income","value":"$(16,929)"},{"label":"EPS","value":"$(0.16)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"b52f3f82c1e1139dcfa55e240e3c537e7b5f93bc","claim":"Summit Hotel Properties, Inc. reported Fourth Quarter 2022 results: revenue $172,326, net income $(11,975), EPS $(0.11).","evidence_excerpt":"Net loss attributable to common stockholders $ (11,975 ) $ (15,275 ) $ (16,929 ) $ (83,714 ) Net loss per diluted share $ (0.11 ) $ (0.15 ) $ (0.16 ) $ (0.80 ) Total revenues $ 172,326 $ 106,862 $ 675,695 $ 361,926","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1497645/000110465923026038/0001104659-23-026038-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Fourth Quarter 2022"},{"label":"Revenue","value":"$172,326"},{"label":"Net income","value":"$(11,975)"},{"label":"EPS","value":"$(0.11)"},{"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"}