{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-086829","form_type":"8-K","ticker":"INN","cik":"0001497645","company_name":"Summit Hotel Properties, Inc.","filed_at":"2023-08-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.093986+00:00","generated_at":"2026-06-12T12:56:33.319672+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Summit Hotel Properties Q2 net loss $0.8M; pro forma RevPAR up 3.5% to $127.06","bullets":["Net loss attributable to common stockholders of $0.8M ($0.01 per share) vs net income of $7.9M in Q2 2022.","Pro forma RevPAR increased 3.5% to $127.06; ADR up 1.9% to $168.33; occupancy up 1.6% to 75.5%.","Adjusted FFO was $33.2M ($0.27 per share), flat compared to $0.27 in Q2 2022.","Acquired The Nordic Lodge in Steamboat Springs through GIC joint venture; no deal value disclosed.","Same Store Hotel EBITDA margin contracted 138 bps to 37.1%, and Adjusted EBITDAre fell 3.1% to $52.9M."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-086829","json":"https://secwatch.observer/filing/0001104659-23-086829.json","markdown":"https://secwatch.observer/filing/0001104659-23-086829.md","text":"https://secwatch.observer/filing/0001104659-23-086829.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1497645/000110465923086829/0001104659-23-086829-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1497645/000110465923086829/tm2322642d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T12:56:33.319672+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":"975359d8726e2ccb6112a2b81b397de75a042180","claim":"Summit Hotel Properties, Inc. reported financial results for three and six months ended June 30, 2023.","evidence_excerpt":"On August 2, 2023, Summit Hotel Properties, Inc. (the “Company”) issued a press release announcing the operating results of the Company and its subsidiaries for the three and six months ended June 30, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1497645/000110465923086829/0001104659-23-086829-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three and six months ended June 30, 2023"},{"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"}