{"schema_version":"secwatch.filing_event.v1","accession":"0001497645-23-000060","form_type":"8-K","ticker":"INN","cik":"0001497645","company_name":"Summit Hotel Properties, Inc.","filed_at":"2023-11-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.255227+00:00","generated_at":"2026-06-09T02:27:03.231179+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Summit Hotel Q3 net loss $5.4M; RevPAR up 2.4%; raises FY23 guidance midpoint","bullets":["Net loss attributable to common stockholders $5.4M ($0.05 per share) vs $0.5M loss in prior year.","Pro forma RevPAR $116.91 (+2.4%), occupancy 73.4% (+2.6%), ADR $159.35 (-0.2%).","Adjusted EBITDAre $46.3M (-1.9% YoY); Adjusted FFO $0.22 per share vs $0.25 prior.","Full year 2023 Adjusted EBITDAre and Adjusted FFO guidance midpoint increased.","Pro forma hotel EBITDA $62.3M (+2.6%), margin 34.3% (-25bps)."],"urls":{"canonical":"https://secwatch.observer/filing/0001497645-23-000060","json":"https://secwatch.observer/filing/0001497645-23-000060.json","markdown":"https://secwatch.observer/filing/0001497645-23-000060.md","text":"https://secwatch.observer/filing/0001497645-23-000060.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1497645/000149764523000060/0001497645-23-000060-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1497645/000149764523000060/inn-20231101.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T02:27:03.231179+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":"6c686dda359b628f0152970e61db2f8b380b30f9","claim":"Summit Hotel Properties, Inc. reported three and nine months ended September 30, 2023 results: revenue $181,816, net income $(5,438), EPS $(0.05) per diluted share. Guidance raised.","evidence_excerpt":"(unaudited) Net loss attributable to common stockholders $ (5,438) $ (517) $ (11,419) $ (4,954) Net loss per diluted share $ (0.05) $ (0.00) $ (0.11) $ (0.05) Total revenues $ 181,816 $ 178,252 $ 558,692 $ 503,369 EBITDAre (1) $ 55,359 $ 54,935 $ 172,301 $ 156,111 Adjusted EBITDAre (1) $ 46,315 $ 47,218 $ 143,580 $ 134,731 FFO (1) $ 22,669 $ 28,085 $ 72,592 $","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1497645/000149764523000060/0001497645-23-000060-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three and nine months ended September 30, 2023"},{"label":"Revenue","value":"$181,816"},{"label":"Net income","value":"$(5,438)"},{"label":"EPS","value":"$(0.05) per diluted share"},{"label":"Guidance","value":"raised"},{"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"}