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Dec 31, 2021
Summit Hotel Properties Q4 2021 Earnings Report
Summit Hotel Properties reported fourth quarter and full year 2021 results, highlighting nearly $900 million in strategic acquisitions since the pandemic onset and a pro forma RevPAR growth of 55%.
Key Takeaways
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.
Portfolio-wide RevPAR reached its highest level relative to 2019 since the pandemic onset.
RevPAR more than doubled from a year ago.
Completed the acquisition of the Embassy Suites by Hilton Tucson / Paloma Village for $25.5 million.
Announced nearly $900 million of high-quality, well-located acquisitions in high growth markets.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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