{"schema_version":"secwatch.filing_event.v1","accession":"0001497645-24-000044","form_type":"8-K","ticker":"INN","cik":"0001497645","company_name":"Summit Hotel Properties, Inc.","filed_at":"2024-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.670682+00:00","generated_at":"2026-06-03T02:42:56.537160+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Summit Hotel Properties Q1 net loss narrows to $2.1M; dividend raised 33% to $0.32","bullets":["RevPAR up 1.5% to $124.18; Hotel EBITDA margin expanded 81 bps to 36.5%.","Adjusted FFO per share up 14% to $0.24; Adjusted EBITDAre up 9.8% to $48.8M.","Sold three hotels for $84.0M at 6.8% cap rate; proceeds to deleverage balance sheet.","Common dividend increased 33% to annualized $0.32 per share.","Updated 2024 guidance: Adjusted EBITDAre and Adjusted FFO raised."],"urls":{"canonical":"https://secwatch.observer/filing/0001497645-24-000044","json":"https://secwatch.observer/filing/0001497645-24-000044.json","markdown":"https://secwatch.observer/filing/0001497645-24-000044.md","text":"https://secwatch.observer/filing/0001497645-24-000044.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1497645/000149764524000044/0001497645-24-000044-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1497645/000149764524000044/inn-20240501.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T02:42:56.537160+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":"8d30c9bc941aa61400ad20d74ead5f7d63f5e17c","claim":"Summit Hotel Properties, Inc. reported financial results for three months ended March 31, 2024.","evidence_excerpt":"On May 1, 2024, Summit Hotel Properties, Inc. (the “Company”) issued a press release announcing the operating results of the Company and its subsidiaries for the three months ended March 31, 2024.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1497645/000149764524000044/0001497645-24-000044-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended March 31, 2024"},{"label":"Result","value":"reported results"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}