---
schema_version: "secwatch.filing_event.v1"
accession: "0001497645-24-000065"
form_type: "8-K"
ticker: "INN"
cik: "0001497645"
company_name: "Summit Hotel Properties, Inc."
filed_at: "2024-07-29T23:59:59+00:00"
generated_at: "2026-05-31T15:41:43.635271+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Summit Hotel Properties Q2 net income $30.8M; Adjusted EBITDAre record $55.9M, up 6% YoY

## Summary
- Net income attributable to common stockholders $30.8M ($0.23/diluted share) vs net loss $0.8M in Q2 2023.
- Adjusted EBITDAre $55.9M, all-time quarterly record, up 5.7% YoY; Adjusted FFO $0.29/share, up 10%.
- Pro forma RevPAR grew 3.4% to $132.41; pro forma hotel EBITDA margin expanded 120 bps to 38.0%.
- Sold three hotels for $84M during Q2 as part of deleveraging and portfolio improvement.

## SEC filing metadata
- accession: 0001497645-24-000065
- form_type: 8-K
- ticker: INN
- cik: 0001497645
- company_name: Summit Hotel Properties, Inc.
- filed_at: 2024-07-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1497645/000149764524000065/0001497645-24-000065-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1497645/000149764524000065/inn-20240729.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001497645-24-000065
- JSON: https://secwatch.observer/filing/0001497645-24-000065.json
- Plain text: https://secwatch.observer/filing/0001497645-24-000065.txt

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