---
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"
generated_at: "2026-05-23T02:15:42.026595+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Summit Hotel posts Q1 net loss $4.7M; RevPAR +1.5%; $275M term loan, $50M buyback

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001497645-25-000050
- JSON: https://secwatch.observer/filing/0001497645-25-000050.json
- Plain text: https://secwatch.observer/filing/0001497645-25-000050.txt

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