{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-055532","form_type":"8-K","ticker":"INN","cik":"0001497645","company_name":"Summit Hotel Properties, Inc.","filed_at":"2023-05-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.060775+00:00","generated_at":"2026-06-16T00:57:50.629618+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Summit Hotel Q1 net loss narrows to $5.2M; RevPAR +19.3%, dividend raised 50%","bullets":["Net loss attributable to common stockholders narrowed to $5.2M ($0.05/sh) from $12.4M ($0.12/sh) YoY.","Pro forma RevPAR increased 19.3% to $118.18; ADR up 11.2% to $171.63; occupancy 68.9%.","Adjusted EBITDAre rose 35.0% to $44.4M from $32.9M; Adjusted FFO per share $0.22 vs $0.17.","Common dividend hiked 50% to annualized $0.24 per share; maintains prudent payout ratio.","Urban-market RevPAR up 25% YoY; recently acquired NewcrestImage hotels exceeded 2019 RevPAR."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-055532","json":"https://secwatch.observer/filing/0001104659-23-055532.json","markdown":"https://secwatch.observer/filing/0001104659-23-055532.md","text":"https://secwatch.observer/filing/0001104659-23-055532.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1497645/000110465923055532/0001104659-23-055532-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1497645/000110465923055532/tm2314482d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T00:57:50.629618+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":"c9d03a022b4340def698cbbeed94469011dfc698","claim":"Summit Hotel Properties, Inc. reported the three months ended March 31, 2023 results: revenue $182,383, net income $(5,228), EPS $(0.05) per diluted share.","evidence_excerpt":"the Three Months Ended March 31, 2023 2022 Net loss attributable to common stockholders $ (5,228 ) $ (12,379 ) Net loss per diluted share $ (0.05 ) $ (0.12 ) Total revenues $ 182,383 $ 141,869 EBITDA re (1) $ 55,340 $ 38,738 Adjusted EBITDA re (1) $ 44,428 $ 32,921 FFO (1) $ 22,076 $ 14,493 Adjusted FFO (1) $ 26,261 $ 20,141 FFO per diluted share and unit","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1497645/000110465923055532/0001104659-23-055532-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2023"},{"label":"Revenue","value":"$182,383"},{"label":"Net income","value":"$(5,228)"},{"label":"EPS","value":"$(0.05) per diluted share"},{"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"}