{"schema_version":"secwatch.filing_event.v1","accession":"0001497645-24-000079","form_type":"8-K","ticker":"INN","cik":"0001497645","company_name":"Summit Hotel Properties, Inc.","filed_at":"2024-11-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:08.589727+00:00","generated_at":"2026-05-30T05:59:20.560922+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 Q3 net loss $4.3M; Adjusted FFO up 4% to $27.6M","bullets":["Net loss attributable to common stockholders $4.3M ($0.04 per diluted share), improved from net loss $5.4M in Q3 2023.","Pro forma RevPAR flat at $120.02 (+0.1%); pro forma hotel EBITDA down 2.9% to $59.7M; margin contracted 99bps to 33.8%.","Adjusted FFO increased 4.0% to $27.6M ($0.22/share), same as prior year per share.","Sold 10 hotels over 18 months for ~$150M at <5% cap rate; post-quarter-end sold Four Points San Francisco Airport for $17.7M.","YTD Adjusted FFO per share up 8% to $0.76; Adjusted EBITDAre up 4.5% to $150.1M."],"urls":{"canonical":"https://secwatch.observer/filing/0001497645-24-000079","json":"https://secwatch.observer/filing/0001497645-24-000079.json","markdown":"https://secwatch.observer/filing/0001497645-24-000079.md","text":"https://secwatch.observer/filing/0001497645-24-000079.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1497645/000149764524000079/0001497645-24-000079-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1497645/000149764524000079/inn-20241104.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T05:59:20.560922+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}