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.
Net loss attributable to common stockholders increased to $4.684 million in Q1 2025 from $2.116 million in Q1 2024.
Total revenues were $184.478 million for the first quarter of 2025, down from $188.142 million in the same period last year.
Same-store RevPAR increased by 1.5% to $126.26.
The company secured a $275 million delayed draw term loan to refinance the majority of its February 2026 convertible notes maturity.
The company expects full-year 2025 performance to track towards the lower end of previous guidance ranges for Adjusted EBITDAre, Adjusted FFO, and Adjusted FFO per share due to softening demand and macroeconomic volatility. Capital expenditure expectations for the full year have been reduced.
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