---
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"
generated_at: "2026-06-12T12:56:33.319672+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Summit Hotel Properties Q2 net loss $0.8M; pro forma RevPAR up 3.5% to $127.06

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-086829
- JSON: https://secwatch.observer/filing/0001104659-23-086829.json
- Plain text: https://secwatch.observer/filing/0001104659-23-086829.txt

## Key facts
- Earnings Releases
  Summit Hotel Properties, Inc. reported financial results for three and six months ended June 30, 2023.
  - Period: three and six months ended June 30, 2023
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1497645/000110465923086829/0001104659-23-086829-index.htm

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