Recent 8-K filings for INN
Highest-materiality recent filing
Summit Hotel Properties Q2 net income $30.8M; Adjusted EBITDAre record $55.9M, up 6% YoY
- Net income attributable to common stockholders $30.8M ($0.23/diluted share) vs net loss $0.8M in Q2 2023.
- Adjusted EBITDAre $55.9M, all-time quarterly record, up 5.7% YoY; Adjusted FFO $0.29/share, up 10%.
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Quorum was 93,766,794 shares (86.18% of outstanding common stock).
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Summit Hotel Q1 net loss $10.4M vs $4.7M loss; RevPAR up 0.2%, guidance raised
Net loss attributable to common stockholders of $10.4M ($0.10 diluted EPS) vs $4.7M loss in Q1 2025.
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Summit Hotel Q4 net loss $0.06/shr; RevPAR down 1.6% YoY
Net loss attributable to common stockholders was $6.0M ($0.06/shr) vs net income $0.7M ($0.01/shr) in Q4 2024.
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Summit Hotel amends four credit agreements, eliminating 0.10% SOFR credit spread adjustment
Removed 0.10% credit spread adjustment to Term SOFR on delayed-draw term loan, OP credit facility, GIC JV facility and 2024 term loan.
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Summit Hotel Properties Q3 net loss $11.3M; RevPAR down 3.7%; sells two hotels for $39M
Net loss attributable to common stockholders $11.3M ($0.11 diluted) vs loss $4.3M in Q3 2024.
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Summit Hotel Q2 net loss $1.6M; RevPAR down 3.8%; AFFO $0.27/share
Net loss attributable to common stockholders of $1.6M ($0.02/diluted share) vs. net income of $30.8M in Q2 2024.
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Summit Hotel Properties JV enters $400M term loan facility maturing 2028, extendable to 2030
$400M term loan with Bank of America as admin agent; interest at SOFR + 2.35% or base rate + 1.35%.
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All eight director nominees elected with 84M-90M votes each; broker non-votes ~6.9M.
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Summit Hotel registers 12.94M shares for resale by selling stockholder underlying OP units
Filed prospectus supplement to register up to 12,940,877 shares of common stock underlying OP Units.
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Summit Hotel posts Q1 net loss $4.7M; RevPAR +1.5%; $275M term loan, $50M buyback
Net loss $4.7M ($0.04/diluted) vs $2.1M ($0.02) in Q1 2024; Adjusted FFO $0.22/diluted.
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Summit Hotel Properties enters $275M unsecured delayed draw term loan facility
Facility of $275M with accordion feature up to $50M; draw period through March 1, 2026.
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Summit Hotel Properties Q4 net income $0.7M; full-year AFFO per share up 5.6% to $0.96
Q4 net income $0.7M vs loss $16.6M prior year; full-year net income $25.1M vs loss $28.0M.
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Summit Hotel Properties Q3 net loss $4.3M; Adjusted FFO up 4% to $27.6M
Net loss attributable to common stockholders $4.3M ($0.04 per diluted share), improved from net loss $5.4M in Q3 2023.
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Summit Hotel Properties Q2 net income $30.8M; Adjusted EBITDAre record $55.9M, up 6% YoY
Net income attributable to common stockholders $30.8M ($0.23/diluted share) vs net loss $0.8M in Q2 2023.
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Stockholders approve 2024 Equity Incentive Plan; all directors re-elected
Plan authorizes 4,406,174 common shares: 1,271,174 from prior plan plus 3,135,000 new shares.
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Summit Hotel Properties Q1 net loss narrows to $2.1M; dividend raised 33% to $0.32
RevPAR up 1.5% to $124.18; Hotel EBITDA margin expanded 81 bps to 36.5%.
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.80 · Median 0.68 · Most common event earnings