---
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"
generated_at: "2026-06-09T02:27:03.231179+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Summit Hotel Q3 net loss $5.4M; RevPAR up 2.4%; raises FY23 guidance midpoint

## Summary
- 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).

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001497645-23-000060
- JSON: https://secwatch.observer/filing/0001497645-23-000060.json
- Plain text: https://secwatch.observer/filing/0001497645-23-000060.txt

## Key facts
- Earnings Releases
  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.
  - Period: three and nine months ended September 30, 2023
  - Revenue: $181,816
  - Net income: $(5,438)
  - EPS: $(0.05) per diluted share
  - Guidance: raised
  - Result: reported results
  source text: (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_url: https://www.sec.gov/Archives/edgar/data/1497645/000149764523000060/0001497645-23-000060-index.htm

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