Earnings summaries and quarterly performance for Summit Hotel Properties.
Executive leadership at Summit Hotel Properties.
Jonathan P. Stanner
Detailed
President and Chief Executive Officer
CEO
CR
Christopher R. Eng
Detailed
Executive Vice President, General Counsel, Chief Risk Officer and Secretary
PR
Paul Ruiz
Detailed
Senior Vice President and Chief Accounting Officer
WH
William H. Conkling
Detailed
Executive Vice President and Chief Financial Officer
Board of directors at Summit Hotel Properties.
Research analysts who have asked questions during Summit Hotel Properties earnings calls.
Chris Woronka
Deutsche Bank AG
4 questions for INN
Also covers: CAR, DRH, FUN +13 more
AW
Austin Wurschmidt
KeyBanc Capital Markets Inc.
3 questions for INN
Also covers: AHR, AIV, AMH +20 more
MB
Michael Bellisario
Robert W. Baird & Co.
3 questions for INN
Also covers: AHT, APLE, BHR +11 more
RM
R.J. Milligan
Raymond James
2 questions for INN
Also covers: ADC, CTO, FCPT +5 more
Daniel Hogan
Baird
1 question for INN
Also covers: APLE, BHR, DRH +5 more
Dany Asad
Bank of America
1 question for INN
Also covers: CHH, PK, SHO +2 more
Joshua Friedland
KeyBanc Capital Markets
1 question for INN
Also covers: APLE, XHR
Logan Epstein
Wolfe Research
1 question for INN
Also covers: SHO
Recent press releases and 8-K filings for INN.
Summit Hotel Properties Amends Credit Agreements to Reduce Interest Payable
INN
Debt Issuance
- On December 17, 2025, Summit Hotel Properties, Inc. (INN) entered into amendments to four credit agreements.
- These amendments reduce the interest payable by removing the 0.10% credit spread adjustment to the term SOFR rate across the amended agreements.
- The amended agreements include the Delayed Draw Term Loan Agreement (dated March 27, 2025), an Amended and Restated Credit Agreement (dated June 21, 2023), and two other Credit Agreements (dated September 15, 2023 and February 26, 2024).
- The amendments also redefine "Adjusted Daily SOFR" and "Adjusted Term SOFR" to be no less than 0.00% per annum and delete the "SOFR Adjustment" definition in certain agreements.
4 days ago
Summit Hotel Properties Reports Q3 2025 Financial Results
INN
Earnings
Debt Issuance
Demand Weakening
- Summit Hotel Properties reported a net loss attributable to common stockholders of $(11,301) thousand and total revenues of $177,117 thousand for the third quarter of 2025.
- For Q3 2025, FFO per diluted share and unit was $0.13 and Adjusted FFO per diluted share and unit was $0.17. Adjusted EBITDAre for the quarter was $39,263 thousand.
- Pro forma operating results for Q3 2025 included RevPAR of $116.57, representing a (4.2)% decrease year-over-year, with occupancy at 73.7% and ADR at $158.25.
- The company has a $275 million Delayed Draw Term Loan secured to refinance $287.5 million in Convertible Senior Notes maturing in February 2026.
Nov 5, 2025, 2:00 PM
Summit Hotel Properties Reports Q3 2025 Results and Provides Q4 Outlook
INN
Earnings
Guidance Update
M&A
- Summit Hotel Properties reported a 3.7% decline in same-store RevPAR for Q3 2025, primarily driven by a 3.4% decrease in average daily rate, with adjusted EBITDA at $39.3 million and adjusted FFO at $0.17 per share.
- Subsequent to quarter-end, the company sold two non-core hotels for $39 million in gross proceeds, continuing its capital recycling strategy, and refinanced a $396 million GIC Joint Venture term loan with a new $400 million term loan maturing July 2030, reducing the interest spread by 50 basis points.
- For Q4 2025, the company anticipates RevPAR to decline between 2% and 2.5% year over year, leading to a full-year RevPAR decline of 2.25% to 2.5%. Operating expenses increased only 1.8% year over year in Q3 2025, reflecting effective expense management.
- The Board of Directors declared a quarterly common dividend of $0.08 per share on October 31, 2025. The company expressed optimism for 2026, citing the World Cup (with exposure in six host markets), the America 250 celebration, and the continued benefits of constrained new hotel supply growth.
Nov 5, 2025, 2:00 PM
Summit Hotel Properties Reports Third Quarter 2025 Results
INN
Earnings
Guidance Update
Dividends
- Summit Hotel Properties, Inc. reported a net loss attributable to common stockholders of $11.3 million, or $0.11 per diluted share, for the third quarter of 2025, with Adjusted FFO decreasing to $21.3 million, or $0.17 per diluted share.
- Same store RevPAR decreased 3.7 percent to $115.77 in Q3 2025 compared to the same period in 2024, and pro forma RevPAR decreased 4.2 percent to $116.57.
- The company completed the sale of two hotels for $39.0 million at a blended capitalization rate of 4.3 percent subsequent to quarter end, and refinanced a $400 million NCI Term Loan extending its maturity to July 2030.
- For the fourth quarter of 2025, the company expects RevPAR growth to range from -2.0% to -2.5%.
- A quarterly cash dividend of $0.08 per share on its common stock was declared on October 31, 2025, payable on November 28, 2025.
Nov 4, 2025, 9:40 PM
Summit Hotel Properties Reports Third Quarter 2025 Results
INN
Earnings
Dividends
Demand Weakening
- For the third quarter of 2025, Summit Hotel Properties reported a net loss of $11.3 million, or $0.11 per diluted share, and Adjusted FFO of $21.3 million, or $0.17 per diluted share. Same store RevPAR decreased 3.7% to $115.77, and Same store hotel EBITDA decreased to $52.0 million compared to the third quarter of 2024.
- Subsequent to quarter end, the company completed the sale of two hotels for $39.0 million and refinanced a $400 million NCI Term Loan at a lower interest rate, extending its maturity to July 2030.
- A quarterly cash dividend of $0.08 per share on common stock was declared, payable on November 28, 2025. The company anticipates fourth quarter 2025 RevPAR growth to range from -2.0% to -2.5%.
Nov 4, 2025, 9:37 PM
Summit Hotel Properties Declares Q3 2025 Dividends
INN
Dividends
- Summit Hotel Properties, Inc. declared a cash dividend of $0.08 per share for its common stock for the third quarter ended September 30, 2025, which represents an annualized dividend yield of 6.1 percent based on the closing price on October 30, 2025.
- The company also declared cash dividends of $0.390625 per share for its 6.25% Series E Cumulative Redeemable Preferred Stock and $0.3671875 per share for its 5.875% Series F Cumulative Redeemable Preferred Stock.
- Additionally, a cash distribution of $0.328125 per unit was declared for the operating partnership's unregistered 5.25% Series Z Cumulative Perpetual Preferred Units.
- All declared dividends are payable on November 28, 2025, to holders of record as of November 14, 2025.
Oct 31, 2025, 9:00 PM
Quarterly earnings call transcripts for Summit Hotel Properties.
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