Summit Hotel Properties

Summit Hotel Properties, Inc. is a real estate investment trust, which operates as a self-managed hotel investment company. It focuses on owning premium-branded select-service hotels. Its hotels are located in corporate offices, retail centers, airports, state capitols, convention centers, universities, and leisure attractions. The company was founded on June 30, 2010 and is headquartered in Frisco, TX.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Summit Hotel Properties excels in 2022 with strong financial growth

Summit Hotel Properties delivered a strong performance in 2022, marked by robust financial growth and strategic acquisitions. Despite challenges like labor shortages, the company remains well-positioned for success. Opportunities for further expansion and technological advancements bode well for future prospects.

Summit Hotel Properties reports stellar Q1 performance and optimistic outlook

Summit Hotel Properties (INN) showcased robust performance in Q1 2023, marked by significant RevPAR and EBITDA growth across its portfolios.
With a strong focus on operational efficiency and a positive outlook for the year, the company is well-positioned to capitalize on growth opportunities in the hospitality sector.
While challenges may arise in the competitive market environment, Summit Hotel Properties' strategic strengths and growth initiatives provide a solid foundation for future success.

Summit Hotel Properties (INN) reports strong Q2 performance and strategic growth focus

Summit Hotel Properties (INN) demonstrated resilience and strategic agility in Q2 2023, leveraging market trends and operational excellence to drive growth and enhance shareholder value.
While facing challenges in a slow transaction environment and evolving demand dynamics, the company's proactive approach to financial management and portfolio optimization positions it well for future opportunities.
By maintaining a strong balance sheet, revising guidance ranges, and focusing on capital allocation, Summit Hotel Properties is poised to navigate challenges and capitalize on growth prospects in the hospitality sector.

Summit Hotel Properties (INN) excels in Q3 amidst market challenges

Summit Hotel Properties (INN) reported strong Q3 results driven by robust demand trends and strategic acquisitions.
Despite challenges in the transaction market and cost pressures, the company remains optimistic about future opportunities.
INN's focus on balance sheet management, market positioning, and operational efficiency positions it well for future growth and resilience.

Summit Hotel Properties excels in Q4 2023, eyes strategic growth

Summit Hotel Properties delivered strong financial performance in Q4 2023, showcasing growth in revenue and operational efficiency.
The company's strategic actions to refinance debt, manage its portfolio, and focus on revenue diversification position it well for future growth.
Challenges lie in managing continued expense growth, asset sales, and evaluating new development opportunities in the hospitality sector.
Opportunities exist in capitalizing on stable demand, exploring new brand options, and pursuing acquisitions to drive future expansion and profitability.

Summit Hotel Properties excels in Q1, eyes urban market growth

Summit Hotel Properties' Q1 results showcase robust performance and strategic initiatives to drive growth. Despite challenges in certain markets, the company remains optimistic about industry recovery and is committed to enhancing shareholder value through prudent financial management.

Summit Hotel Properties reports Q3 growth amidst challenges and opportunities

Summit Hotel Properties (INN) delivered a resilient performance in Q3, with RevPAR increases and effective expense management. Despite challenges from recent hurricanes, the company remains focused on strengthening its financial position and pursuing growth opportunities. With a positive outlook and strategic initiatives in place, Summit Hotel Properties is poised for continued success.

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Summit Hotel Properties, Inc. is a real estate investment trust, which engages in both general and limited partnership interests in Summit Hotel OP, LP. It focuses on owning premium-branded select-service hotels. Its hotels are located in corporate offices, retail centers, airports, state capitols, convention centers, universities, and leisure attractions. The company was founded on June 30, 2010 and is headquartered in Austin, TX.

Summit Hotel Properties (INN) delivered FFO and revenue surprises of -16.67% and -6.70%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Summit Hotel Properties (INN) Reports Q4 Loss, Misses Revenue Estimates

AUSTIN, Texas, Feb. 23, 2021 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), today announced results for the fourth quarter and full year ended December 31, 2020. "Hotel demand remained stable during the fourth quarter and combined with strong market share gains...

Summit Hotel Properties Reports Fourth Quarter And Full Year 2020 Results

AUSTIN, Texas, Feb. 19, 2021 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that its 2021 Annual Meeting of Stockholders will be held Thursday, May 13, 2021, beginning at 9:00 a.m. Central Time. The meeting will be held at the Company's corporate...

Summit Hotel Properties Announces 2021 Annual Meeting of Stockholders

AUSTIN, Texas, Feb. 8, 2021 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (together with its consolidated subsidiaries, the "Company") today announced that it has amended the credit agreements for its $400 million revolving credit facility and three senior term loans totaling...

Summit Hotel Properties Successfully Completes Credit Facility Amendments To Extend Covenant Waiver Period and Enhance Flexibility

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AUSTIN, Texas, Jan. 29, 2021 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), announced today that its Board of Directors has authorized, and the Company has declared, a cash dividend of $0.403125 per share of the Company's 6.45% Series D Cumulative Redeemable...

Summit Hotel Properties Declares Fourth Quarter 2020 Preferred Dividends

AUSTIN, Texas, Jan. 18, 2021 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it will report financial results for the fourth quarter and full year of 2020 on Tuesday, February 23, 2021, after the market closes. The Company will conduct its...

Summit Hotel Properties Announces Fourth Quarter And Full Year 2020 Earnings Release Date

AUSTIN, Texas, Jan. 12, 2021 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it has closed its previously announced underwritten public offering of $287,500,000 aggregate principal amount of its 1.50% Convertible Senior Notes due 2026 (the...

Summit Hotel Properties, Inc. Announces Exercise in Full of Underwriters' Over-allotment Option and Subsequent Closing of Public Offering of 1.50% Convertible Senior Notes Due 2026

AUSTIN, Texas, Jan. 8, 2021 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced the pricing on January 7, 2021 of an underwritten public offering of $250,000,000 aggregate principal amount of its 1.50% Convertible Senior Notes due 2026 (the "Notes")....

Summit Hotel Properties, Inc. Prices Public Offering of 1.50% Convertible Senior Notes Due 2026

AUSTIN, Texas, Jan. 6, 2021 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it has launched an underwritten public offering of $200,000,000 aggregate principal amount of its Convertible Senior Notes due 2026 (the "Notes"). The Company expects...

Summit Hotel Properties, Inc. Launches Public Offering of Convertible Senior Notes Due 2026

Summit Hotel has seen strong improvements to its operating metrics since the depths of the pandemic. It's now profitable at the hotel property level, and I see a path to overall profitability at the company level.

Summit Hotel: Check-INN To This Select Service Hotel REIT

AUSTIN, Texas, Dec. 17, 2020 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that Dan Hansen, Chairman, President and Chief Executive Officer will transition to the role of Executive Chairman of the Board of Directors effective January 15, 2021....

Summit Hotel Properties Announces Leadership Transition

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AUSTIN, Texas, Nov. 17, 2020 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it has published its annual Corporate Responsibility Report for 2019, which covers the Company's ongoing commitment to the environment, its community and...

Summit Hotel Properties Publishes Its Corporate Responsibility Report For 2019

Summit Hotel Properties, Inc. (INN) CEO Dan Hansen on Q3 2020 Results - Earnings Call Transcript

Summit Hotel Properties, Inc.'s (INN) CEO Dan Hansen On Q3 2020 Results - Quick Version Earnings Call Transcript

Summit Hotel Properties (INN) delivered FFO and revenue surprises of 23.08% and -0.17%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Summit Hotel Properties (INN) Reports Q3 Loss, Misses Revenue Estimates

Shares of Summit Hotel Properties (NYSE:INN) moved higher by 0.17% in after-market trading after the company reported Q3 results. Quarterly Results Earnings per share were down 132.26% year over year to ($0.10), which beat the estimate of ($0.37).

Summit Hotel Properties: Q3 Earnings Insights

AUSTIN, Texas, Nov. 3, 2020 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), today announced results for the third quarter ended September 30, 2020. "We were encouraged by the significant improvement in demand during the third quarter as our portfolio RevPAR more...

Summit Hotel Properties Reports Third Quarter 2020 Results

AUSTIN, Texas, Oct. 30, 2020 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), announced today that its Board of Directors has authorized, and the Company has declared, a cash dividend of $0.403125 per share of the Company's 6.45% Series D Cumulative Redeemable...

Summit Hotel Properties Declares Third Quarter 2020 Preferred Dividends

AUSTIN, Texas, Oct. 1, 2020 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it will report financial results for the third quarter of 2020 on Tuesday, November 3, 2020, after the market closes. The Company will conduct its quarterly...

Summit Hotel Properties Announces Third Quarter 2020 Earnings Release Date

Summit Hotel Properties, Inc. (INN) CEO Dan Hansen on Q2 2020 Results - Earnings Call Transcript

AUSTIN, Texas, Aug. 5, 2020 /PRNewswire/ -- Summit Hotel Properties, Inc.

Summit Hotel Properties Reports Second Quarter 2020 Results

AUSTIN, Texas, July 29, 2020 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), announced today that its Board of Directors has authorized, and the Company has declared, a cash dividend of $0.403125 per share of the Company's 6.45% Series D Cumulative Redeemable.

Summit Hotel Properties Declares Second Quarter 2020 Preferred Dividends

AUSTIN, Texas, July 13, 2020 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it will report financial results for the second quarter of 2020 on Wednesday, August 5, 2020, after the market closes. The Company will conduct its quarterly...

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