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
6 questions for INN
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AW
Austin Wurschmidt
KeyBanc Capital Markets Inc.
5 questions for INN
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MB
Michael Bellisario
Robert W. Baird & Co.
5 questions for INN
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RM
R.J. Milligan
Raymond James
2 questions for INN
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Daniel Hogan
Baird
1 question for INN
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Dany Asad
Bank of America
1 question for INN
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Joshua Friedland
KeyBanc Capital Markets
1 question for INN
Also covers: APLE, RLJ, XHR
Logan Epstein
Wolfe Research
1 question for INN
Also covers: SHO
Recent press releases and 8-K filings for INN.
Summit Hotel Properties Reports Q4 and Full Year 2025 Results, Provides 2026 Outlook
INN
Earnings
Guidance Update
M&A
- Summit Hotel Properties reported a 1.6% same-store RevPAR decline for Q4 2025 and a 1.8% decline for the full year 2025. Adjusted EBITDA was $39.7 million for Q4 2025 and $174.8 million for the full year, while Adjusted FFO was $0.18 per share for Q4 2025 and $0.85 per share for the full year.
- For 2026, the company introduced guidance anticipating RevPAR growth of 0%-3%, Adjusted EBITDA between $167 million and $181 million, and Adjusted FFO per share ranging from $0.73 to $0.85.
- The company continued its capital recycling strategy, selling 13 non-core hotels since 2023, generating approximately $200 million in gross proceeds. Following a $275 million delayed draw term loan, the company has no debt maturities until 2028.
- The 2026 outlook is supported by improving demand trends, with the FIFA World Cup expected to add 50 to 75 basis points to full-year RevPAR, particularly benefiting markets like Atlanta, Miami, and Dallas.
2 days ago
Summit Hotel Properties Reports Q4 2025 Financial Results
INN
Earnings
Demand Weakening
- Summit Hotel Properties reported a net loss attributable to common stockholders of $(5,971) thousand and total revenues of $174,960 thousand for the fourth quarter of 2025.
- Adjusted EBITDAre was $39,658 thousand for Q4 2025.
- FFO per diluted share and unit was $0.16 and Adjusted FFO per diluted share and unit was $0.18 for the quarter ended December 31, 2025.
- RevPAR decreased by (1.8)% to $115.58 and Hotel EBITDA Margin declined by (239) basis points to 31.7% in Q4 2025 compared to Q4 2024.
- As of December 31, 2025, the company's Total Debt was $1,404,143 thousand with an effective interest rate of 5.16%.
2 days ago
Summit Hotel Properties Announces Q4 and Full Year 2025 Results and 2026 Outlook
INN
Earnings
Guidance Update
Debt Issuance
- Summit Hotel Properties reported a 1.6% decline in Q4 2025 same-store RevPAR and a 1.8% decline for the full year 2025, with adjusted EBITDA of $39.7 million and $174.8 million, and adjusted FFO of $0.18 per share and $0.85 per share, respectively.
- For the full year 2026, the company anticipates RevPAR growth of 0%-3%, adjusted EBITDA between $167 million and $181 million, and adjusted FFO per share between $0.73 and $0.85, with the FIFA World Cup expected to contribute an additional 50 to 75 basis points to RevPAR growth.
- The company continued its capital recycling strategy, selling three non-core hotels in late 2025 and early 2026 for aggregate gross proceeds of $51.3 million, and refinanced $288 million in convertible senior notes, resulting in no debt maturities until 2028. A quarterly common dividend of $0.08 per share was also declared.
2 days ago
Summit Hotel Properties Reports Q4 and Full Year 2025 Results, Provides 2026 Outlook
INN
Earnings
Guidance Update
M&A
- For Q4 2025, Summit Hotel Properties reported a same-store RevPAR decline of 1.6% and pro forma RevPAR decline of 1.8%, with Adjusted EBITDA of $39.7 million and Adjusted FFO of $0.18 per share; full year 2025 saw a same-store RevPAR decline of 1.8%, Adjusted EBITDA of $174.8 million, and Adjusted FFO of $0.85 per share.
- The company provided 2026 guidance, anticipating full year RevPAR growth of 0%-3%, Adjusted EBITDA between $167 million-$181 million, and Adjusted FFO per share between $0.73-$0.85.
- Operational trends in Q4 2025 showed an encouraging positive inflection in demand, with RevPAR trends improving sequentially by over 200 basis points, though government and international inbound demand continued to create headwinds, declining approximately 20%. The FIFA World Cup in 2026 is expected to add ±50 to 75 basis points to full year RevPAR.
- Summit Hotel Properties continued its capital recycling strategy, selling two non-core hotels in Q4 2025 for $39 million and another in early 2026 for $12.3 million, bringing total non-core asset sales since 2023 to approximately $200 million. The company also declared a quarterly common dividend of $0.08 per share on January 22, 2026.
2 days ago
Summit Hotel Properties, Inc. Reports Q4 and Full Year 2025 Results
INN
Earnings
Guidance Update
Debt Issuance
- Summit Hotel Properties, Inc. reported a net loss attributable to common stockholders of $(6.0) million (or $(0.06) per diluted share) for Q4 2025 and $(23.6) million (or $(0.22) per diluted share) for the full year 2025. Adjusted FFO was $22.3 million (or $0.18 per diluted share) for Q4 2025 and $103.6 million (or $0.85 per diluted share) for the full year.
- Same store RevPAR decreased 1.6% to $115.34 in Q4 2025 and 1.8% to $121.73 for the full year 2025, compared to the respective periods in 2024.
- The company continued its capital recycling program, selling two non-core hotels in Q4 2025 and an additional one in Q1 2026, generating over $51 million in gross proceeds and eliminating approximately $13 million of required near-term capital expenditures. Since 2023, 13 hotels have been sold for approximately $200 million.
- Summit Hotel Properties, Inc. repaid $287.5 million in Convertible Notes on February 17, 2026, utilizing a Delayed Draw Term Loan and Corporate Revolver, and has no debt maturities until 2028. As of December 31, 2025, outstanding debt was $1.1 billion with a weighted average interest rate of 4.48%.
- For the full year 2026, the company projects Pro Forma RevPAR Growth between 0.00% and 3.00%, Adjusted EBITDAre between $167.0 million and $181.0 million, and Adjusted FFO per share between $0.73 and $0.85.
3 days ago
Summit Hotel Properties Reports Fourth Quarter and Full Year 2025 Results
INN
Earnings
Guidance Update
Debt Issuance
- Summit Hotel Properties reported a net loss attributable to common stockholders of $6.0 million (or $0.06 per diluted share) for the fourth quarter of 2025 and $23.6 million (or $0.22 per diluted share) for the full year 2025.
- For Q4 2025, Same Store RevPAR decreased 1.6 percent to $115.34, and Same Store Hotel EBITDA decreased to $53.5 million. For the full year 2025, Same Store RevPAR decreased 1.8 percent to $121.73, and Same Store Hotel EBITDA decreased to $234.7 million.
- The company continued its capital recycling program, selling two non-core hotels in Q4 2025 for $39.0 million and an additional hotel in Q1 2026 for $12.3 million, bringing total asset sales since 2023 to over $200 million.
- Summit Hotel Properties completed the refinance of its Convertible Notes and has no debt maturities until 2028. As of December 31, 2025, outstanding debt was $1.1 billion with a weighted average interest rate of 4.48 percent, and unrestricted cash was $30.1 million.
- The company provided a full-year 2026 outlook with Adjusted EBITDAre projected between $167.0 million and $181.0 million, and Adjusted FFO per share between $0.73 and $0.85.
3 days ago
Summit Hotel Properties Declares Q4 2025 Dividends
INN
Dividends
- Summit Hotel Properties declared a cash dividend of $0.08 per share for common stock for the fourth quarter ended December 31, 2025, representing an annualized dividend yield of 6.6 percent based on the closing price on January 21, 2026.
- 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, both for the dividend period ending February 28, 2026.
- Additionally, a cash distribution of $0.328125 per unit was declared for the operating partnership's 5.25% Series Z Cumulative Perpetual Preferred Units for the distribution period ending February 28, 2026.
- All declared dividends and distributions are payable on February 27, 2026, to holders of record as of February 13, 2026.
Jan 22, 2026, 9:30 PM
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.
Dec 18, 2025, 10:09 PM
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
Quarterly earnings call transcripts for Summit Hotel Properties.
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