secwatch.observer — SEC 8-K summary
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Issuer:     Summit Hotel Properties, Inc. (INN)
CIK:        0001497645
Form:       8-K
Filed at:   2025-11-04T23:59:59+00:00
Accession:  0001497645-25-000103
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Summit Hotel Properties Q3 net loss $11.3M; RevPAR down 3.7%; sells two hotels for $39M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1497645/000149764525000103/0001497645-25-000103-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1497645/000149764525000103/inn-20251104.htm
  HTML page:      https://secwatch.observer/filing/0001497645-25-000103

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