{"schema_version":"secwatch.filing_event.v1","accession":"0001497645-25-000050","form_type":"8-K","ticker":"INN","cik":"0001497645","company_name":"Summit Hotel Properties, Inc.","filed_at":"2025-04-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.460120+00:00","generated_at":"2026-05-23T02:15:42.026595+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Summit Hotel posts Q1 net loss $4.7M; RevPAR +1.5%; $275M term loan, $50M buyback","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001497645-25-000050","json":"https://secwatch.observer/filing/0001497645-25-000050.json","markdown":"https://secwatch.observer/filing/0001497645-25-000050.md","text":"https://secwatch.observer/filing/0001497645-25-000050.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1497645/000149764525000050/0001497645-25-000050-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1497645/000149764525000050/inn-20250429.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T02:15:42.026595+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"}