---
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"
generated_at: "2026-05-30T05:59:20.560922+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Summit Hotel Properties Q3 net loss $4.3M; Adjusted FFO up 4% to $27.6M

## Summary
- 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.

## SEC filing metadata
- 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
- 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/1497645/000149764524000079/0001497645-24-000079-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1497645/000149764524000079/inn-20241104.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001497645-24-000079
- JSON: https://secwatch.observer/filing/0001497645-24-000079.json
- Plain text: https://secwatch.observer/filing/0001497645-24-000079.txt

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