secwatch.observer — SEC 8-K summary
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Issuer:     Summit Hotel Properties, Inc. (INN)
CIK:        0001497645
Form:       8-K
Filed at:   2026-04-30T23:59:59+00:00
Accession:  0001497645-26-000042
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Summit Hotel Q1 net loss $10.4M vs $4.7M loss; RevPAR up 0.2%, guidance raised
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- Net loss attributable to common stockholders of $10.4M ($0.10 diluted EPS) vs $4.7M loss in Q1 2025.
- Total revenues $185.1M; pro forma RevPAR $126.57 (+0.2% YoY) on ADR growth of 1.5%.
- Adjusted FFO $25.5M ($0.21/share) vs $27.4M ($0.22/share) in prior year quarter.
- Agreement to sell Courtyard & Residence Inn Dallas (Arlington South) for $19M at 5.0% cap rate.
- Repurchased 1.4M shares in Q1; no debt maturities until 2028; increased FY 2026 guidance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1497645/000149764526000042/0001497645-26-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1497645/000149764526000042/inn-20260430.htm
  HTML page:      https://secwatch.observer/filing/0001497645-26-000042

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer