{"schema_version":"secwatch.filing_event.v1","accession":"0001497645-25-000103","form_type":"8-K","ticker":"INN","cik":"0001497645","company_name":"Summit Hotel Properties, Inc.","filed_at":"2025-11-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.552618+00:00","generated_at":"2026-05-17T00:36:14.049571+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Summit Hotel Properties Q3 net loss $11.3M; RevPAR down 3.7%; sells two hotels for $39M","bullets":["Net loss attributable to common stockholders $11.3M ($0.11 diluted) vs loss $4.3M in Q3 2024.","Same store RevPAR fell 3.7% to $115.77; ADR down 3.4% to $157.62; occupancy down 0.3% to 73.5%.","Pro forma Hotel EBITDA $54.1M (30.6% margin) vs $62.2M (34.1%) in Q3 2024; Adjusted FFO $21.3M ($0.17) vs $27.6M ($0.22).","Sold two hotels post-quarter for $39M at 4.3% blended cap rate; also refinanced $400M NCI term loan.","Year-to-date net loss $17.6M ($0.17 diluted) vs net income $24.5M ($0.21) in prior year period."],"urls":{"canonical":"https://secwatch.observer/filing/0001497645-25-000103","json":"https://secwatch.observer/filing/0001497645-25-000103.json","markdown":"https://secwatch.observer/filing/0001497645-25-000103.md","text":"https://secwatch.observer/filing/0001497645-25-000103.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1497645/000149764525000103/0001497645-25-000103-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1497645/000149764525000103/inn-20251104.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T00:36:14.049571+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"}