earnings
confidence high
sentiment negative
materiality 0.70
Summit Hotel posts Q1 net loss $4.7M; RevPAR +1.5%; $275M term loan, $50M buyback
Summit Hotel Properties, Inc.
2025-Q1 EPS reported
-$0.04
revenue$184,478,000
- Net loss $4.7M ($0.04/diluted) vs $2.1M ($0.02) in Q1 2024; Adjusted FFO $0.22/diluted.
- Same-store RevPAR +1.5% to $126.26; ADR +0.7% to $174.03; occupancy +0.8% to 72.5%.
- Pro forma hotel EBITDA $65.6M, margin 35.6%, down 48 bps YoY.
- Closed $275M delayed-draw term loan to refinance Feb 2026 convertible notes (1.5% coupon).
- Board authorized $50M common stock repurchase program; management discretion, no expiration.