Summit Hotel Properties, Inc.

Summit Hotel Properties, Inc. (NYSE: INN) is a self-managed lodging property investment company that owns and operates a diversified portfolio of upscale hotel properties across the United States. The company's website is www.shpreit.com.

As of December 31, 2025, Summit Hotel Properties operates 95 lodging properties containing 14,347 guestrooms located across 24 states. The company owns 100 percent of 52 properties outright, maintains a 51 percent controlling interest in 40 properties through a joint venture with GIC, a Singapore-based investment firm, and holds 90 percent equity interests in three additional properties through separate joint ventures. Approximately 86 percent of the company's guestrooms are located in the top 50 metropolitan statistical areas, with over 99 percent of properties operating under premium franchise brands including Marriott International, Hilton Worldwide, Hyatt Hotels Corporation, and InterContinental Hotels Group.

Summit Hotel Properties focuses on lodging properties with efficient operating models, primarily in the upscale segment of the industry. The company's properties typically operate with fewer than 30 full-time equivalent employees per hotel, generating higher operating margins than full-service properties. Properties are strategically located near multiple demand generators including corporate offices, retail centers, airports, convention centers, universities, and leisure attractions, serving business transient, group, leisure, and government travelers.

The company's business strategy emphasizes strategic capital allocation, portfolio evolution through selective acquisitions and dispositions, and intensive asset and revenue management. Summit Hotel Properties maintains a conservative capital structure with staggered debt maturities and utilizes interest rate swaps to manage exposure to variable rate debt. As of December 31, 2025, the company had approximately 1.4 billion dollars in outstanding indebtedness.

Summit Hotel Properties has elected to be taxed as a real estate investment trust for federal income tax purposes. All lodging properties are leased to taxable REIT subsidiaries and operated by professional third-party property management companies. The company employs 78 full-time corporate employees and maintains no unionized workforce at its corporate offices.