{"schema_version":"secwatch.filing_event.v1","accession":"0001497645-24-000009","form_type":"8-K","ticker":"INN","cik":"0001497645","company_name":"Summit Hotel Properties, Inc.","filed_at":"2024-02-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.337601+00:00","generated_at":"2026-06-05T08:40:17.892110+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 Properties: FY2023 net loss $0.27/share; RevPAR up 6.6%; adjusted FFO $0.92/share","bullets":["Full year 2023 net loss attributable to common stockholders $28.0M ($0.27/diluted share) vs $16.9M ($0.16) in 2022.","Pro forma RevPAR +6.6% to $120.12; ADR +3.1% to $166.27; occupancy +3.4% to 72.2%.","Adjusted EBITDAre up 5.1% to $190.0M from $180.8M; Adjusted FFO per diluted share $0.92 vs $0.94.","Completed new $200M term loan financing; no significant debt maturities until 2026; weighted avg cost of debt ~4.75%.","Sold six hotels in 2023 for ~$50M at 2.6% cap rate; increased common dividend 50% during year."],"urls":{"canonical":"https://secwatch.observer/filing/0001497645-24-000009","json":"https://secwatch.observer/filing/0001497645-24-000009.json","markdown":"https://secwatch.observer/filing/0001497645-24-000009.md","text":"https://secwatch.observer/filing/0001497645-24-000009.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1497645/000149764524000009/0001497645-24-000009-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1497645/000149764524000009/inn-20240228.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T08:40:17.892110+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":"03ecacd8ff4db4dc87c1419deea055bfb9a7a8b1","claim":"Summit Hotel Properties, Inc. reported the fourth quarter and year ended December 31, 2023 results: revenue $177,435, net income Net loss attributable to common stockholders was $16.6 million, or $0.16 per diluted share.","evidence_excerpt":"Net loss attributable to common stockholders $ (16,571) $ (11,975) $ (27,990) $ (16,929) Net loss per diluted share $ (0.16) $ (0.11) $ (0.27) $ (0.16) Total revenues $ 177,435 $ 172,326 $ 736,127 $ 675,695 EBITDAre (1) $ 56,581 $ 54,498 $ 228,882 $ 210,609 Adjusted EBITDAre (1) $ 46,384 $ 46,084 $ 189,964 $ 180,815 FFO (1) $ 24,186 $ 25,542 $ 96,778 $","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1497645/000149764524000009/0001497645-24-000009-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter and year ended December 31, 2023"},{"label":"Revenue","value":"$177,435"},{"label":"Net income","value":"Net loss attributable to common stockholders was $16.6 million, or $0.16 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"}