Summit Hotel Properties experienced a challenging third quarter in 2025 with a net loss of $11.3 million and a decrease in total revenues to $177.1 million. Despite a decline in RevPAR and Hotel EBITDA compared to the previous year, the company demonstrated strong market share growth with a RevPAR index increase of 140 basis points to approximately 116%. Disciplined cost management limited pro forma operating expense increases to less than 2%. The company also strengthened its balance sheet through strategic asset sales and a significant refinancing subsequent to quarter end.

Summit Hotel Properties experienced a challenging second quarter in 2025, reporting a net loss of $1.612 million and a decrease in total revenues to $192.917 million. Despite a decline in RevPAR and Hotel EBITDA, the company focused on strategic financial initiatives, including significant debt refinancings to extend maturity dates and enhance liquidity, and repurchased 3.6 million shares for $15.4 million.

Summit Hotel Properties reported a net loss attributable to common stockholders of $4.684 million for the first quarter of 2025, an increase from the $2.116 million loss in the prior year. Total revenues decreased slightly to $184.478 million. Same-store RevPAR increased by 1.5%. The company completed a $275 million term loan to address the majority of its 2026 debt maturity and authorized a $50 million share repurchase program.

Summit Hotel Properties experienced a mixed fourth quarter in 2024, with total revenues decreasing to $172.9 million from $177.4 million in the prior year. However, the company significantly improved its net income, reporting $0.7 million compared to a net loss of $16.6 million in Q4 2023. Adjusted EBITDAre saw a decline, while pro forma RevPAR showed modest growth.

Summit Hotel Properties reported improved operating fundamentals in Q2 2023, with nominal quarterly RevPAR reaching its highest level since the pandemic. The company also expanded its partnership with GIC through the acquisition of The Nordic Lodge in Steamboat Springs and completed a corporate credit facility refinancing.

Summit Hotel Properties announced positive results for the first quarter ended March 31, 2023, with pro forma RevPAR growing by 19.3%. The company's operating results were particularly strong in urban markets and recently acquired NewcrestImage hotels. The Board of Directors authorized a 50% increase in the common dividend, to $0.24 per share on an annualized basis.

Summit Hotel Properties announced its Q4 2022 results, with RevPAR recapture reaching a new high of 97%. The company completed nearly $1 billion of strategic transactions and reinstated its common dividend.

Summit Hotel Properties announced improved operating results for Q3 2022, with same store RevPAR recapture relative to 2019 reaching 95%. September RevPAR recapture was 98%, a monthly high since the pandemic's onset, and hotel EBITDA margins expanded nearly 200 basis points compared to 2019. The company also acquired the Onera Fredericksburg glamping asset and enhanced its balance sheet.

Summit Hotel Properties reported improved operating results for Q2 2022, driven by robust leisure demand and the recovery of corporate transient and group demand. The company achieved pandemic era highs in nominal RevPAR, 2019 RevPAR recapture, and operating profit margin. A quarterly common dividend was reinstated.

Summit Hotel Properties reported improved first-quarter results, driven by growing demand beyond leisure travel and strategic acquisitions, including the NewcrestImage portfolio. The company saw sequential monthly improvements across operating and financial metrics, with hotel-level profitability more than three times higher than the previous year. March RevPAR reached $120, representing an 87% recapture of 2019 levels, and hotel EBITDA margin hit 40%, the highest since the pandemic's onset.

Summit Hotel Properties announced its Q4 2021 results, noting significant improvement in operating fundamentals, with portfolio-wide RevPAR reaching its highest level relative to 2019 since the pandemic's start and more than doubling year-over-year. The company also highlighted nearly $900 million in high-quality acquisitions in high-growth markets.

Summit Hotel Properties reported improved operating fundamentals during the third quarter, driving portfolio-wide occupancy to nearly 70% and RevPAR to nearly $100. Demand slowed as the summer travel season concluded, but a reacceleration of demand was seen in the latter part of the quarter, driven by improving average daily rates.

Summit Hotel Properties reported improved hotel demand and average daily rate during the second quarter of 2021, with RevPAR growing nearly 50% from the first quarter. The company achieved corporate profitability and completed the acquisition of Residence Inn by Marriott Steamboat Springs.

Summit Hotel Properties reported improved hotel demand, particularly leisure demand, during the latter part of the first quarter, driving March RevPAR to a new high since the onset of the pandemic. The company also completed the contribution of six hotels to their existing joint venture with GIC for $172 million, generating net proceeds of $83 million.

Summit Hotel Properties announced Q4 2020 results, highlighting stable hotel demand and hotel-level profitability for the second consecutive quarter. The company also completed a second amendment to its credit facilities, providing covenant waivers through March 31, 2022, and enhanced liquidity through a convertible notes offering.

Summit Hotel Properties reported improved demand during the third quarter of 2020, with RevPAR more than doubling from the second quarter. The company's monthly corporate cash burn rate has been reduced by nearly 70%, extending its liquidity runway.

Summit Hotel Properties reported results for Q2 2020, a period marked by an unprecedented decline in lodging industry demand due to COVID-19. The company adapted quickly, maintained nearly all hotels open, and gained market share. RevPAR trends improved from April lows, reducing the monthly cash burn rate by nearly 40%.

Summit Hotel Properties announced their Q1 2020 results, with their focus shifting to COVID-19 crisis response efforts in early March. They have worked with partners to ensure the safety of associates and guests and have taken measures to mitigate the operational and financial effects of the pandemic. Additionally, they amended their revolving and term loan credit facilities, providing a twelve-month financial covenant waiver, $150 million of additional liquidity, and enhanced flexibility.

Summit Hotel Properties announced positive results for Q4 and the full year 2019, with RevPAR growth exceeding industry benchmarks. The company completed strategic acquisitions and dispositions, enhancing its portfolio and shareholder value.