Source-grounded facts extracted from Summit Hotel Properties, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
Jonathan Stanner changed role as principal financial officer at Summit Hotel Properties, Inc..
“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.”
William Conkling resigned as Executive Vice President and Chief Financial Officer at Summit Hotel Properties, Inc..
“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”
Summit Hotel Properties, Inc. shareholders approved To approve an advisory (non-binding) resolution approving the compensation of the Company’s named executive officers. at the 2026-05-20 meeting.
“Proposal 3: To approve an advisory (non-binding) resolution approving the compensation of the Company’s named executive officers. For Against Abstain Broker Non-Votes 86,318,666 595,598 15,943 6,836,587 At the Annual Meeting, stockholders approved, on an advisory (non-binding) basis, a resolution approving the compensation of the Company’s named executive officers.”
Summit Hotel Properties, Inc. shareholders approved To ratify the appointment of Ernst & Young LLP. at the 2026-05-20 meeting.
“Proposal 2: To ratify the appointment of Ernst & Young LLP. For Against Abstain Broker Non-Votes 93,403,656 344,623 18,515 — At the Annual Meeting, stockholders ratified the appointment of Ernst & Young, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026.”
Summit Hotel Properties, Inc. shareholders approved To elect eight directors to the Company’s Board of Directors. at the 2026-05-20 meeting.
“Proposal 1: To elect eight directors to the Company’s Board of Directors. Name For Against Abstain Broker Non-Votes Bjorn R. L. Hanson 85,420,896 1,488,545 20,766 6,836,587 Jeffrey W. Jones 86,577,158 327,989 25,060 6,836,587 Kenneth J. Kay 86,400,029 505,118 25,060 6,836,587 Mehulkumar B. Patel 85,161,462 1,758,097 10,648 6,836,587 Amina Belouizdad Porter 85,927,871 972,445 29,891 6,836,587 Jonathan P. Stanner 86,578,936 330,504 20,767 6,836,587 Thomas W. Storey 85,715,241 1,189,905 25,061 6,836,587 Hope S. Taitz 84,046,485 2,582,862 300,860 6,836,587 All director nominees were duly elected at the Annual Meeting.”
Summit Hotel Properties, Inc. updated its three months ended March 31, 2026 guidance (raised).
“On April 30, 2026, Summit Hotel Properties, Inc. (the “Company”) issued a press release announcing the consolidated operating results of the Company and its subsidiaries for three months ended March 31, 2026.”
Summit Hotel Properties, Inc. amended Amended and Restated Credit Agreement (OP Credit Facility) with Bank of America, N.A. valued at OP Credit Facility Amendment reducing interest rate by removing 0.10% credit spread adjustment to te (effective 2025-12-17).
“On December 17, 2025, the Operating Partnership, as borrower, the Company, as parent guarantor, the subsidiary guarantors party thereto, the lenders party thereto and BofA, as administrative agent, entered into an amendment to that certain Amended and Restated Credit Agreement dated as of June 21, 2023, by and among the Operating Partnership, the Company, BofA and the other parties party thereto (the “OP Credit Facility Amendment” and together with the DDTL Amendment, GIC JV Credit Facility Amendment and 2024 Term Loan Amendment, the “Amendments”).”
Summit Hotel Properties, Inc. amended GIC JV Credit Facility with Bank of America, N.A. valued at GIC JV Credit Facility Amendment reducing interest rate by removing 0.10% credit spread adjustment t (effective 2025-12-17).
“On December 17, 2025, Summit JV MR 1, LLC (“MR1”), as borrower, Summit Hospitality JV, LP (“GIC Joint Venture”), the subsidiary guarantors party thereto, the lenders party thereto and BofA, as administrative agent, entered into an amendment to that certain Credit Agreement, dated as of September 15, 2023, by and among MR1, GIC Joint Venture, BofA and the other parties party thereto (the “ GIC JV Credit Facility Amendment ”).”
Summit Hotel Properties, Inc. amended Delayed Draw Term Loan Agreement with Bank of America, N.A. valued at Delayed Draw Term Loan Amendment reducing interest rate by removing 0.10% credit spread adjustment t (effective 2025-12-17).
“On December 17, 2025, Summit Hotel OP, LP (the “Operating Partnership”), as borrower, Summit Hotel Properties, Inc. (the “Company”), as parent guarantor, the subsidiary guarantors party thereto, the lenders party thereto and Bank of America, N.A. (“BofA”), as administrative agent, entered into an amendment to that certain Delayed Draw Term Loan Agreement, dated as of March 27, 2025, by and among the Operating Partnership, the Company, BofA and the other parties party thereto (the “DDTL Amendment”).”
Summit Hotel Properties, Inc. incurred credit facility of $400 million with Bank of America, N.A., as administrative agent, Wells Fargo Bank, National Association, as syndication agent, BofA Securities, Inc. and Wells Fargo Securities, LLC, as joint bookrunners, and BofA Securities, Inc., Wells Fargo Securities, LLC, Capital One, National Association, Fifth Third Bank, Nati at Daily SOFR or Term SOFR (1-month or 3-month) (subject to a 0% floor), plus a mar maturing July 24, 2028.
“On July 24, 2025, Summit JV MR 2, LLC, Summit JV MR 3, LLC and Summit NCI NOLA BR 184, LLC (the “Borrowers”, “we” or “us”), as borrowers, Summit Hospitality JV, LP (the “Parent”), as parent, and each subsidiary of the Borrowers executing the credit facility documentation as a guarantor, entered into a $400 million credit facility (the “Credit Facility”)”
Summit Hotel Properties, Inc. incurred credit facility of $275 million with Bank of America, N.A., as administrative agent at Daily SOFR or Term SOFR (1-month, 3-month or 6-month), plus a SOFR adjustment of maturing March 27, 2028, subject to two twelve-month extension options available, subject to certain conditions, that result in a fully extended maturity date of March 2.
“On March 27, 2025, Summit Hotel OP, LP (the “Operating Partnership”), as Borrower, Summit Hotel Properties, Inc. (the “Company”), as Parent Guarantor, and each party executing the credit facility documentation as a subsidiary guarantor, entered into a $275 million unsecured delayed draw term loan facility (the “DDTL Facility”) with various initial lenders, Bank of America, N.A., as administrative agent, Wells Fargo Bank, N.A., as syndication agent, Capital One, National Association, Huntington National Bank, JPMorgan Chase Bank, N.A., Truist Securities, Inc., U.S. Bank National Association and Raymond James Bank, as co-documentation agents, Wells Fargo Securities LLC, BofA Securities, Inc., Capital One, National Association, Huntington National Bank, JPMorgan Chase Bank, N.A., and Truist Securities, Inc., as joint lead arrangers, and Wells Fargo Securities LLC and BofA Securities, Inc., as joint bookrunners.”
Summit Hotel Properties, Inc. reported financial results for three months ended March 31, 2024.
“On May 1, 2024, Summit Hotel Properties, Inc. (the “Company”) issued a press release announcing the operating results of the Company and its subsidiaries for the three months ended March 31, 2024.”
Summit Hotel Properties, Inc. reported the fourth quarter and year ended December 31, 2023 results: revenue $177,435, net income Net loss attributable to common stockholders was $16.6 million, or $0.16 per diluted share.
“Net loss attributable to common stockholders $ (16,571) $ (11,975) $ (27,990) $ (16,929) Net loss per diluted share $ (0.16) $ (0.11) $ (0.27) $ (0.16) Total revenues $ 177,435 $ 172,326 $ 736,127 $ 675,695 EBITDAre (1) $ 56,581 $ 54,498 $ 228,882 $ 210,609 Adjusted EBITDAre (1) $ 46,384 $ 46,084 $ 189,964 $ 180,815 FFO (1) $ 24,186 $ 25,542 $ 96,778 $”
Summit Hotel Properties, Inc. reported three and nine months ended September 30, 2023 results: revenue $181,816, net income $(5,438), EPS $(0.05) per diluted share. Guidance raised.
“(unaudited) Net loss attributable to common stockholders $ (5,438) $ (517) $ (11,419) $ (4,954) Net loss per diluted share $ (0.05) $ (0.00) $ (0.11) $ (0.05) Total revenues $ 181,816 $ 178,252 $ 558,692 $ 503,369 EBITDAre (1) $ 55,359 $ 54,935 $ 172,301 $ 156,111 Adjusted EBITDAre (1) $ 46,315 $ 47,218 $ 143,580 $ 134,731 FFO (1) $ 22,669 $ 28,085 $ 72,592 $”
Summit Hotel Properties, Inc.: Adopted Third Amended and Restated Bylaws addressing universal proxy rules, enhancing stockholder nomination procedures, requiring a proxy card color other than white for certain solicitations, and adopting exclusive forum provisions for certain legal actions (effective 2023-10-20).
“On October 20, 2023, the Board of Directors (“Board”) of Summit Hotel Properties, Inc. (the “Company”) adopted amendments to the Company’s amended and restated bylaws (as amended, the “Third Amended and Restated Bylaws”), which became effective the same day.”
Summit Hotel Properties, Inc. incurred credit facility of $200 million with Bank of America, N.A., as administrative agent, and BofA Securities, Inc., as sole lead arranger and sole bookrunner at Daily SOFR or Term SOFR (1-month or 3-month), plus a SOFR adjustment of 0.10%, p maturing September 15, 2027.
“On September 15, 2023, Summit JV MR 1, LLC (the “Borrower”, “we” or “us”), as borrower, Summit Hospitality JV, LP (the “Parent”), as parent, and each subsidiary of the Borrower executing the credit facility documentation as a guarantor, entered into a $200 million credit facility (the “Credit Facility”) with various initial lenders, Bank of America, N.A., as administrative agent, and BofA Securities, Inc., as sole lead arranger and sole bookrunner.”
Summit Hotel Properties, Inc. entered into Credit Facility with various initial lenders, Bank of America, N.A., as administrative agent, and BofA Securities, Inc., as sole lead arranger and sole bookrunner valued at $200 million (effective 2023-09-15).
“Summit JV MR 1, LLC (the “Borrower”, “we” or “us”), as borrower, Summit Hospitality JV, LP (the “Parent”), as parent, and each subsidiary of the Borrower executing the credit facility documentation as a guarantor, entered into a $200 million credit facility (the “Credit Facility”) with various initial lenders, Bank of America, N.A., as administrative agent, and BofA Securities, Inc., as sole lead arranger and sole bookrunner.”
Summit Hotel Properties, Inc. reported financial results for three and six months ended June 30, 2023.
“On August 2, 2023, Summit Hotel Properties, Inc. (the “Company”) issued a press release announcing the operating results of the Company and its subsidiaries for the three and six months ended June 30, 2023.”
Summit Hotel Properties, Inc. amended term loan of $200 million with Bank of America, N.A. at the applicable margin for a term loan advance shall be 0.05% less than the revol maturing June 21, 2026.
“The $200 Million Term Loan will mature on June 21, 2026 and can be extended to June 21, 2028 at the Company’s option, subject to certain conditions.”
Summit Hotel Properties, Inc. amended revolving credit of $400 million with Bank of America, N.A. at SOFR, plus a 0.10% credit spread adjustment, plus a SOFR margin between 1.40% an maturing June 21, 2027.
“The $400 Million Revolver will mature on June 21, 2027 and can be extended to June 21, 2028 at the Company’s option, subject to certain conditions.”
Summit Hotel Properties, Inc. amended Amended Credit Facility with Bank of America, N.A., as administrative agent, and the lenders valued at $600 million (effective 2023-06-21).
“On June 21, 2023, Summit Hotel OP, LP (the “Operating Partnership”), as borrower, Summit Hotel Properties, Inc. (the “Company”), as parent guarantor, and each party executing the credit facility documentation as a subsidiary guarantor, entered into a $600 million senior unsecured credit facility (the “Amended Credit Facility”) with Bank of America, N.A. as administrative agent (in such capacity, the “Agent”).”
Summit Hotel Properties, Inc. shareholders approved Advisory (non-binding) vote to approve the compensation of the named executive officers at the 2023-05-24 meeting.
“Proposal 3: To approve, on an advisory (non-binding) basis, the compensation of the Company’s named executive officers. For Against Abstain Broker Non-Votes 87,422,835 3,508,711 42,806 6,108,160 At the Annual Meeting, stockholders approved, on an advisory (non-binding) basis, the compensation of the Company’s named executive officers.”
Summit Hotel Properties, Inc. shareholders approved Ratify the appointment of Ernst & Young LLP as independent registered public accounting firm for fiscal year ending December 31, 2023 at the 2023-05-24 meeting.
“Proposal 2: To ratify the appointment of Ernst & Young LLP. For Against Abstain Broker Non-Votes 96,072,858 981,570 28,084 N/A At the Annual Meeting, stockholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023.”
Summit Hotel Properties, Inc. shareholders approved Election of eight directors to the Company's Board of Directors at the 2023-05-24 meeting.
“Proposal 1: To elect eight directors to the Company’s Board of Directors. Name For Against Abstain Broker Non-Votes Bjorn R.L. Hanson 88,548,616 2,395,721 30,015 6,108,160 Jeffrey W. Jones 89,913,195 1,037,538 23,619 6,108,160 Kenneth J. Kay 89,761,458 1,189,249 23,645 6,108,160 Mehul B. Patel 90,383,660 566,785 23,907 6,108,160 Amina Belouizdad Porter 89,024,341 1,925,961 24,050 6,108,160 Jonathan P. Stanner 90,203,358 742,122 28,872 6,108,160 Thomas W. Storey 88,560,562 2,384,965 28,825 6,108,160 Hope S. Taitz 75,101,846 15,848,754 23,752 6,108,160 All director nominees were duly elected at the Annual Meeting. Each of the individuals named in the above table will serve as director until the Company’s 2024 annual meeting of stockholders and until his or her successor is duly elected and qualified.”
Summit Hotel Properties, Inc. reported the three months ended March 31, 2023 results: revenue $182,383, net income $(5,228), EPS $(0.05) per diluted share.
“the Three Months Ended March 31, 2023 2022 Net loss attributable to common stockholders $ (5,228 ) $ (12,379 ) Net loss per diluted share $ (0.05 ) $ (0.12 ) Total revenues $ 182,383 $ 141,869 EBITDA re (1) $ 55,340 $ 38,738 Adjusted EBITDA re (1) $ 44,428 $ 32,921 FFO (1) $ 22,076 $ 14,493 Adjusted FFO (1) $ 26,261 $ 20,141 FFO per diluted share and unit”
Summit Hotel Properties, Inc. reported Full Year 2022 results: revenue $675,695, net income $(16,929), EPS $(0.16).
“Net loss attributable to common stockholders $ (11,975 ) $ (15,275 ) $ (16,929 ) $ (83,714 ) Net loss per diluted share $ (0.11 ) $ (0.15 ) $ (0.16 ) $ (0.80 ) Total revenues $ 172,326 $ 106,862 $ 675,695 $ 361,926”
Summit Hotel Properties, Inc. reported Fourth Quarter 2022 results: revenue $172,326, net income $(11,975), EPS $(0.11).
“Net loss attributable to common stockholders $ (11,975 ) $ (15,275 ) $ (16,929 ) $ (83,714 ) Net loss per diluted share $ (0.11 ) $ (0.15 ) $ (0.16 ) $ (0.80 ) Total revenues $ 172,326 $ 106,862 $ 675,695 $ 361,926”
Summit Hotel Properties, Inc. reported the nine months ended September 30, 2022 results: revenue $ 503,369, net income $ (4,954 ), EPS $ (0.05 ).
“to common stockholders $ (517 ) $ (10,964 ) $ (4,954 ) $ (68,439 ) Net loss per diluted share $ 0.00 $ (0.10 ) $ (0.05 ) $ (0.66 ) Total revenues $ 178,252 $ 110,686 $ 503,369 $ 255,064 EBITDA re (1) $ 54,935 $ 37,523 $ 156,111 $ 60,013 Adjusted EBITDA re (1) $ 47,218 $ 34,024 $ 134,731 $ 61,982 FFO (1) $ 28,085 $ 16,841 $ 69,711 $ 9,160 Adjusted FFO”
Summit Hotel Properties, Inc. reported the three months ended September 30, 2022 results: revenue $ 178,252, net income $0.5 million, EPS $0.00 per diluted share.
“Net loss attributable to common stockholders $ (517 ) $ (10,964 ) $ (4,954 ) $ (68,439 ) Net loss per diluted share $ 0.00 $ (0.10 ) $ (0.05 ) $ (0.66 ) Total revenues $ 178,252 $ 110,686 $ 503,369 $ 255,064 EBITDA re (1) $ 54,935 $ 37,523 $ 156,111 $ 60,013 Adjusted EBITDA re (1) $ 47,218 $ 34,024 $ 134,731 $ 61,982 FFO (1) $ 28,085 $ 16,841 $ 69,711 $”
Craig J. Aniszewski retired as Executive Vice President and Chief Operating Officer at Summit Hotel Properties, Inc..
“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”
Craig J. Aniszewski departed as Executive Vice President and Chief Operating Officer at Summit Hotel Properties, Inc..
“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.”
Mehul Patel was appointed as director at Summit Hotel Properties, Inc..
“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 retired as Executive Chairman at Summit Hotel Properties, Inc..
“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”
Jeffrey W. Jones was appointed as non-executive Chairman of the Board at Summit Hotel Properties, Inc..
“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.”
Daniel P. Hansen retired as Executive Chairman at Summit Hotel Properties, Inc..
“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.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.