Highest-materiality recent filing
Summit Hotel Properties launches $200M ATM equity program with forward sales
Equity distribution agreement dated Aug 7, 2026 allows sale of up to $200M common stock via 15 managers.
Summit Hotel Properties Q2 net income $3.9M; RevPAR up 5.0%; raises FY guidance
Net income attributable to common stockholders of $3.9M ($0.04/diluted share) vs net loss of $1.6M in Q2 2025.
Summit Hotel Properties enters $650M senior unsecured credit facility, refinancing prior facility
$650M facility: $400M revolver (matures 2030, extendable to 2031), $200M term loan (matures 2031), $50M delayed draw term loan (draws by March 2027).
CFO William Conkling resigns; CEO Jonathan Stanner assumes interim principal financial officer role
William Conkling resigns as EVP & CFO effective June 15, 2026; departure is for personal reasons, not due to disagreement.
Quorum was 93,766,794 shares (86.18% of outstanding common stock).
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.
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.
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.
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.
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.
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%.
All eight director nominees elected with 84M-90M votes each; broker non-votes ~6.9M.
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.
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.
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.
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.
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.
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.
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.
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%.
Summit Hotel Properties: FY2023 net loss $0.27/share; RevPAR up 6.6%; adjusted FFO $0.92/share
Full year 2023 net loss attributable to common stockholders $28.0M ($0.27/diluted share) vs $16.9M ($0.16) in 2022.
Summit Hotel Q3 net loss $5.4M; RevPAR up 2.4%; raises FY23 guidance midpoint
Net loss attributable to common stockholders $5.4M ($0.05 per share) vs $0.5M loss in prior year.
Summit Hotel Properties amends bylaws with universal proxy and exclusive forum provisions
Amended bylaws require compliance with SEC universal proxy rules for director nominations.
Summit Hotel JV enters $200M credit facility ($125M revolver + $75M term loan) maturing 2027
Borrower is Summit JV MR 1, LLC, a joint venture of Summit Hotel OP and a GIC affiliate; Summit Hotel Properties (INN) is not a borrower or guarantor.
Summit Hotel Properties Q2 net loss $0.8M; pro forma RevPAR up 3.5% to $127.06
Net loss attributable to common stockholders of $0.8M ($0.01 per share) vs net income of $7.9M in Q2 2022.
Summit Hotel Properties enters $600M senior unsecured credit facility, refinancing existing debt
$400M revolving credit facility matures June 21, 2027 (extendable to 2028) and $200M term loan matures June 21, 2026 (extendable to 2028).
Summit Hotel Properties shareholders elect eight directors, ratify EY, approve say-on-pay
All eight director nominees elected, including incumbents Bjorn R.L. Hanson, Jeffrey W. Jones, Kenneth J. Kay, and others.
Summit Hotel Q1 net loss narrows to $5.2M; RevPAR +19.3%, dividend raised 50%
Net loss attributable to common stockholders narrowed to $5.2M ($0.05/sh) from $12.4M ($0.12/sh) YoY.
Summit Hotel Properties Q4 net loss narrows to $12M; Adjusted FFO per share $0.25 vs $0.14 YoY
Net loss attributable to common stockholders -$12.0M (-$0.11/diluted share) vs -$15.3M (-$0.15) in Q4 2021.
Summit Hotel Q3 net loss $0.5M; RevPAR recapture 95% of 2019; acquires Onera glamping asset
Net loss to common stockholders was $0.5M ($0.00/diluted), compared to $11.0M ($0.10) in Q3 2021.
Summit Hotel Properties Q2: net income $7.9M (EPS $0.07); RevPAR up 63% YoY; dividend reinstated
Net income attributable to common stockholders was $7.9M ($0.07 diluted EPS) vs ($22.4M) ($0.21) in Q2 2021.
Summit Hotel amends $600M credit facility, extends maturity, eases covenants
Extended maturity on $400M revolver to March 2025 and $200M term loan to April 2025.
Elected eight directors including Amina Belouizdad, Bjorn Hanson, Jeffrey Jones, Kenneth Kay, Mehul Patel, Jonathan Stanner, Thomas Storey, Hope Taitz.
Summit Hotel Properties enters $200M ATM equity distribution program, terminates prior agreements
New equity distribution agreement with 12 managers for up to $200M in common stock at-the-market offerings.
Net loss attributable to common stockholders was $12.4M ($0.12/diluted share), vs $35.1M ($0.34) in Q1 2021.
Portfolio consists of 27 hotels under Marriott, Hilton, Hyatt, and IHG brands across Texas, Oklahoma, and Louisiana.
Summit Hotel Properties approves 2022 executive comp: CEO salary $700K, time & performance shares
CEO Stanner base salary $700K, CFO Conkling $470K, EVP Eng $375K, SVP Ruiz $315K for 2022.
127,910 service-based restricted shares vest immediately; 191,865 performance-based shares remain eligible through 2024
Summit Hotel Properties Q4 net loss $15.3M, RevPAR recapture high; FY 2021 RevPAR $81.13, up 55%
Q4 net loss $15.3M ($0.15/diluted share), improving from $46.8M loss ($0.45) in Q4 2020.
Summit Hotel Properties posts investor presentation; no new material financial data
Filed an updated investor presentation on its website as Exhibit 99.1 to Form 8-K.
Craig J. Aniszewski, EVP and COO, will retire on March 1, 2022 after 25 years with Summit and its predecessor.
Summit Hotel Properties closes $822M acquisition of 27-hotel portfolio from NewcrestImage
Initial closing of 26 hotels (3,533 rooms) for $766M; one hotel (Canopy New Orleans) pending Q1 2022 for $56M.
Executive Chairman Hansen to retire Jan 1, 2022; mutual release, $1M payment, equity amendments
Daniel P. Hansen retires as Executive Chairman effective Jan 1, 2022; mutual release of claims on Dec 31, 2021.
Dan Hansen retiring as Executive Chairman effective Dec 31, 2021; will remain on board until 2022 annual meeting.
Summit Hotel Q3 net loss narrows to $11M; RevPAR doubles to $97.89
Net loss of $11.0M ($0.10 per diluted share) vs $38.3M loss in Q3 2020.
Summit Hotel Properties posts acquisition and operating update investor presentation
Presentation lists recent acquisitions including Residence Inn Portland Downtown, AC Hotel Frisco, and Embassy Suites Amarillo.
Summit Hotel Properties acquires 27 hotels from NewcrestImage for $822M
Acquires 27 hotels (3,709 rooms) and 2 parking structures from NewcrestImage for $822M total.
Summit Hotel Properties prices $100M public offering of 5.875% Series F Preferred Stock
Pricing: 4,000,000 shares at $25.00 each; gross proceeds $100M; underwriters' 30-day option for 600,000 additional shares.
Summit Hotel Q2 net loss narrows to $22.4M ($0.21/sh); RevPAR +236%, hotel EBITDA positive
Net loss narrowed to $22.4M ($0.21/sh) from $54.1M loss in Q2 2020.
On June 12, 2026, Summit Hotel Properties, Inc. (the “Company”) announced that William Conkling, the Company’s Executive Vice President and Chief Financial Officer, has resigned as an officer and employee of the Company effective as of June 15, 2026
Jonathan Stanner will assume the role of principal financial officer of the Company effective June 15, 2026, in addition to continuing as President and Chief Executive Officer.
Craig J. Aniszewski, Executive Vice President and Chief Operating Officer of the Company, notified the Company of his intent to retire from his position as Executive Vice President and Chief Operating Officer effective March 1, 2022
On January 31, 2022, Craig J. Aniszewski, Executive Vice President and Chief Operating Officer of Summit Hotel Properties, Inc. (the "Company") notified the Company of his intent to retire from his position effective March 1, 2022.
On January 13, 2022, the Board, based on the recommendation of the Nominating and Corporate Governance Committee of the Board, appointed Mehul “Mike” Patel as a director of the Company, effective January 13, 2022.
Daniel P. Hansen, Executive Chairman of the Company, notified the Company of his intent to retire from his position as Executive Chairman effective January 1, 2022
On December 2, 2021, Daniel P. Hansen, Executive Chairman of Summit Hotel Properties, Inc. (the “Company”) notified the Company of his intent to retire from his position as Executive Chairman effective January 1, 2022.
In connection with Mr. Hansen’s retirement, the Company announced the appointment of Jeffrey W. Jones as non-executive Chairman of the Board, effective January 1, 2022.
Max materiality 0.85 · Median 0.65 · Most common event earnings