Summit Hotel Properties Q2 net income $3.9M; RevPAR up 5.0%; raises FY guidance

Summit Hotel Properties, Inc.

2026-Q2 EPS reported -$0.06 revenue$384,072,000

Net income attributable to common stockholders of $3.9M ($0.04/diluted share) vs net loss of $1.6M in Q2 2025.
Pro forma RevPAR increased 5.0% to $136.06, driven by ADR up 7.1% to $178.42; occupancy down 1.9% to 76.3%.
Pro forma hotel EBITDA up 7.8% to $72.5M; margin expanded 88 bps to 36.4%.
Adjusted FFO per diluted share rose to $0.29 from $0.27; full-year 2026 guidance ranges increased.
Refinanced $650M credit facility with extended maturity and lower costs; no debt maturities until 2028.

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