Welcome to our dedicated page for Summit Hotel Pptys SEC filings (Ticker: INN), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The SEC filings for Summit Hotel Properties, Inc. (NYSE: INN) provide detailed insight into the operations, capital structure, and governance of this lodging-focused real estate investment trust. Through its filings, the company discloses information about its premium-branded, upscale hotel portfolio, financial performance, and material financing arrangements.
Investors can use this page to access current and historical SEC documents, including annual and quarterly reports and Form 8-K filings. Recent Form 8-K reports describe the company’s consolidated operating results for specific quarters, including metrics such as RevPAR, hotel EBITDA, EBITDAre, FFO, and adjusted FFO, as well as references to supplemental financial information made available by the company.
Other Form 8-K filings detail material definitive agreements and credit facilities. These include amendments to delayed draw term loans, term loan agreements, and credit facilities, along with descriptions of interest rate terms, maturity dates, borrowing base requirements, and financial covenants. Filings also outline the creation of direct financial obligations and summarize key leverage, coverage, and secured debt ratios required under these agreements.
Through this SEC filings page on Stock Titan, users can follow real-time updates from EDGAR and review how new agreements and amendments affect Summit Hotel Properties’ balance sheet and liquidity. AI-powered summaries help explain complex credit facility terms, covenant structures, and the implications of new financing arrangements for the company’s capital profile.
For those tracking dividend practices and capital allocation, SEC filings complement the company’s press releases by documenting formal actions of the board and providing additional context on equity and preferred securities. Together, these documents form a regulatory record of how Summit Hotel Properties manages its hotel portfolio, finances its assets, and communicates material information to shareholders.
Summit Hotel Properties reported mixed first quarter 2026 results, with total revenues of $185.1 million, essentially flat versus the prior year, and a widened net loss attributable to common stockholders of $10.4 million, or $0.10 per diluted share, compared to a $4.7 million loss, or $0.04 per share, a year earlier.
On a pro forma basis, RevPAR edged up 0.2% to $126.57, driven by a 1.5% increase in average daily rate to $176.85, while occupancy slipped to 71.6%. Pro forma hotel EBITDA declined to $63.4 million and hotel EBITDA margin compressed to 34.4% from 35.8%, reflecting higher operating costs and a loss on write-down of assets.
The company continued its capital recycling strategy, agreeing to sell two Dallas (Arlington South) hotels for $19.0 million at a 5.0% capitalization rate and completing a joint-venture sale in Longview, Texas for $12.3 million. Since 2023, it and its affiliates have sold or contracted to sell 15 hotels for about $218 million at a blended 4.6% cap rate. Summit also fully repaid $287.5 million of 1.5% convertible notes using term loan and revolver borrowings and repurchased 1.4 million shares for $6.0 million in the quarter.
As of March 31, 2026, the company had $1.1 billion of pro rata debt at a 5.53% weighted average interest rate and $34.8 million of unrestricted cash. It declared a quarterly common dividend of $0.08 per share, equating to a 6.4% annualized yield based on the April 29 share price. For full-year 2026, Summit modestly raised the low end and implied midpoint of its outlook, guiding pro forma RevPAR growth of 0.5%–3.0%, Adjusted EBITDAre of $170–$181 million, and Adjusted FFO of $90–$102 million, or $0.75–$0.85 per diluted share and unit, based on its current 94-hotel portfolio.
Summit Hotel Properties, Inc. reported a net loss attributable to common stockholders of $10.4 million, or $0.10 per share, for the three months ended March 31 2026, compared with a loss of $4.7 million, or $0.04 per share, a year earlier. Total revenues were $185.1 million, essentially flat versus $184.5 million in 2025, as room, food and beverage, and other revenues held steady while operating expenses, including a $3.6 million asset write-down, pressured profitability.
Operating income declined to $14.1 million from $19.8 million, and interest expense rose to $20.5 million, reflecting a higher debt load and rates. The company generated $28.1 million of net cash from operating activities, modestly above $25.9 million in the prior-year quarter, and ended the period with $50.4 million in cash, cash equivalents, and restricted cash.
Summit owned interests in 94 lodging properties with 14,226 guestrooms across 24 U.S. states at March 31 2026. During the quarter it completed the sale of one hotel in Texas, classified two additional Dallas-area hotels as held for sale with a related write-down, refinanced $287.5 million of 1.50% Convertible Notes with a new delayed-draw term loan and revolver borrowings, and repurchased 1.43 million common shares for about $6.0 million under its 2025 share repurchase program.
Summit Hotel Properties Inc: Vanguard Portfolio Management reports beneficial ownership of 6,639,210 shares of Common Stock, representing 6.1% of the class as of 03/31/2026.
The filing states Vanguard has sole dispositive power over 6,639,210 shares and sole voting power for 40,889 shares; the holdings include securities held for Vanguard funds and other managed clients.
BlackRock, Inc. reports beneficial ownership of 8,680,390 shares (8.0%) of Summit Hotel Properties, Inc., as of 03/31/2026. The Schedule 13G/A discloses BlackRock's sole voting power of 8,537,614 shares and sole dispositive power of 8,680,390 shares. The filing notes multiple underlying holders may have rights to dividends or sale proceeds.
Summit Hotel Properties, Inc. is holding its 2026 annual stockholders meeting on May 20, 2026 at 8:00 a.m. Central Time in Austin, Texas. Stockholders will vote to elect eight directors, ratify Ernst & Young LLP as auditor for 2026, and approve an advisory say-on-pay resolution for executive compensation.
The proxy outlines a governance structure with an independent chair, majority-independent board and fully independent key committees, plus stock ownership guidelines, anti-hedging and clawback policies. It also reviews 2025 highlights, including portfolio activity, new term loans and swaps that extend debt maturities and capital investment across the hotel portfolio.
Summit Hotel Properties Inc — Schedule 13G/A amendment from The Vanguard Group. The filing states that, following an internal realignment effective January 12, 2026, The Vanguard Group reports zero shares beneficially owned of Summit Hotel Properties Inc common stock (CUSIP 866082100), representing 0 shares and 0% of the class. The filing explains that certain Vanguard subsidiaries will report beneficial ownership separately in reliance on SEC Release No. 34-39538 and that Vanguard no longer is deemed to beneficially own securities held by those subsidiaries. The filing is signed by Ashley Grim, Head of Global Fund Administration, dated 03/27/2026. The issuer's principal office address is listed as 13215 Bee Cave Parkway, Suite B-300, Austin, TX 78738.
Summit Hotel Properties, Inc. senior vice president and chief accounting officer Paul Ruiz reported two non-market share dispositions of common stock. He surrendered 14,326 shares to the company to cover tax withholding tied to vesting of previously granted restricted stock, and 37,306 performance-based shares were forfeited because performance targets were not met. After these compensation-related adjustments, he directly holds 377,384 shares of common stock.
Summit Hotel Properties, Inc. reported that President and CEO Jonathan P. Stanner disposed of common stock in connection with equity compensation events, rather than open-market trading. On March 13, 2026, he surrendered 98,492 shares to the company to satisfy tax withholding tied to vesting of previously issued restricted stock.
On the same date, he also forfeited 256,477 performance-based shares back to the company because the required performance metrics were not met. After these dispositions, he directly holds 2,099,813 shares of Summit Hotel Properties common stock, showing he retains a substantial equity stake despite these non-cash, compensation-related adjustments.
Summit Hotel Properties, Inc. officer Christopher R. Eng reported compensation-related share disposals that do not involve open-market trades. On March 13, 2026, he surrendered 16,089 shares of common stock to the company to cover tax withholding on vesting of restricted stock awards.
He also forfeited 38,860 performance-based shares that did not vest because required performance metrics were not met. After these dispositions and forfeitures, Eng directly holds 414,886 shares of Summit Hotel Properties common stock.
Summit Hotel Properties EVP & CFO William Higgins Conkling reported two non-market share disposals of common stock. On March 13, 2026, he surrendered 29,969 shares to the company to cover tax withholding on vesting of previously issued restricted stock awards and forfeited 93,264 performance-based shares because the required performance metrics were not met.
After these transactions, he directly owns 846,281 shares of Summit Hotel Properties common stock.