Summit Hotel Properties
Real Estate · Texas, United States · 51-200 Employees
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Overview
Headquarters
13215 Bee Cave Pkwy Ste B300, Austin, Te...Phone Number
(512) 538-2300Website
www.shpreit.comRevenue
$730 MillionStock Symbol
INNIndustry
ZI Rank: 4
Signal Type
Dec
Jan
Feb
Mar
Apr
May
ZI Rank
7
5
5
3
4
4
About Summit Hotel Properties
Summit Hotel Properties, Inc. is a publicly traded real estate investment trust focused on owning premium-branded hotels with efficient operating models primarily in the Upscale segment of the lodging industry.Explore more
Summit Hotel Properties Org Chart
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Company Profile Activity
Activity Insights
Summit Hotel Properties is experiencing very low activity levels compared to other companies in the Real Estate sector.
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Summit Hotel Properties is drawing exceptional interest within the Real Estate industry, suggesting notable developments or strong market momentum, learn more about Summit Hotel Properties.
Summit Hotel Properties financials insights
Gather financial insights about Summit Hotel Properties, including details on funding rounds, investors, total funding, and acquisitions, to gain a comprehensive understanding of their financial strategy.
2021
Debt
$287.5M
Summit Hotel Properties Tech Stack
A closer look at the technologies used by Summit Hotel Properties
Most Recent Scoops
Earnings
Summit Hotel Properties has completed the sale of the 122-room Hilton Garden Inn in Longview, Texas, a non-core asset owned in a joint venture with GIC, for $12.3 million, representing a 6.8% capitalization rate based on trailing twelve-month net operating income after consideration of foregone near-term capital expenditures.
Divestitures
Earnings
reported an approximately 140 basis point headwind to Q1 RevPAR growth, driven by a difficult Super Bowl comparison in New Orleans (where the company owns six hotels), continued weakness in government demand related to DOGE-related travel cuts, disruption from Winter Storm Fern, and civil unrest in Minneapolis, with the impact concentrated most significantly in January and February.
Pain Point, Hospitality
Project
Summit Hotel Properties has entered into an agreement to sell its wholly owned Courtyard and Residence Inn Dallas Arlington South hotels, totaling 199 guest rooms, for a combined sale price of $19 million, reflecting a 5% capitalization rate based on trailing twelve-month NOI after factoring in near-term capital expenditures, with the transaction expected to close in Q3 2026.
Divestitures, Hospitality
Earnings
reported Q1 revenue and EBITDA growth of 56% and 90%, respectively, at the Courtyard Fort Lauderdale Beach, following the hotel's successful repositioning, with the renovated rooms product and expanded food and beverage amenities driving demand from both tourists and locals, and group demand continuing to accelerate given the property's location adjacent to the Fort Lauderdale Aquatic and Diving Center and the International Swimming Hall of Fame.
Earnings, Hospitality, Finance
Earnings
Earnings, Finance
Summit Hotel Properties News & Media
Summit Hotel Properties Q1 Earnings Call Highlights
Summit Hotel Properties (NYSE:INN) reported first-quarter 2026 results that management said exceeded expectations, supported by improving demand trends as the quarter progressed and a sharp acceleration in March. President and CEO Jon Stanner said the company saw “a meaningful sequential improvementSUMMIT HOTEL PROPERTIES REPORTS FIRST QUARTER 2026 RESULTS
First Quarter Operating Income of $14.1 Million; AFFO of $25.5 Million or $0.21 per Share Increased 2026 Outlook as Sequential RevPAR Improvement Results in Positive First Quarter RevPAR Growth Accretive Capital Recycling Continues with Agreement to Sell the Courtyard and Residence Inn...SUMMIT HOTEL PROPERTIES DECLARES FIRST QUARTER 2026 DIVIDENDS
AUSTIN, Texas, April 23, 2026 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), announced today that its Board of Directors has authorized, and the Company has declared, a cash dividend for the first quarter ended March 31, 2026, of $0.08 per share of common stock...SUMMIT HOTEL PROPERTIES ANNOUNCES FIRST QUARTER 2026 EARNINGS RELEASE DATE
AUSTIN, Texas, March 25, 2026 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it will report financial results for the first quarter of 2026 on Thursday, April 30, 2026, after the market closes. The Company will conduct its quarterly...
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Frequently Asked Questions Regarding Summit Hotel Properties
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Summit Hotel Properties, Inc. is a publicly traded real estate investment trust focused on owning premium-branded hotels with efficient operating models primarily in the Upscale segment of the lodging industry.... Read More
