---
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"
generated_at: "2026-06-18T23:28:54.112802+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Summit Hotel Properties Q4 net loss narrows to $12M; Adjusted FFO per share $0.25 vs $0.14 YoY

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-026038
- JSON: https://secwatch.observer/filing/0001104659-23-026038.json
- Plain text: https://secwatch.observer/filing/0001104659-23-026038.txt

## Key facts
- Earnings Releases
  Summit Hotel Properties, Inc. reported Full Year 2022 results: revenue $675,695, net income $(16,929), EPS $(0.16).
  - Period: Full Year 2022
  - Revenue: $675,695
  - Net income: $(16,929)
  - EPS: $(0.16)
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1497645/000110465923026038/0001104659-23-026038-index.htm
- Earnings Releases
  Summit Hotel Properties, Inc. reported Fourth Quarter 2022 results: revenue $172,326, net income $(11,975), EPS $(0.11).
  - Period: Fourth Quarter 2022
  - Revenue: $172,326
  - Net income: $(11,975)
  - EPS: $(0.11)
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1497645/000110465923026038/0001104659-23-026038-index.htm

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