INN on NYSE
Summit Hotel Properties, Inc.
Self-managed lodging property investment company1
In its 2026 annual report the company says: “The Company holds both general and limited partnership interests in Summit Hotel OP, LP, a Delaware limited partnership also organized on June 30, 2010. We focus on owning lodging properties with efficient operating models that generate strong margins and investment returns. We own our properties fee simple, except for six hotel properties which are subject to ground leases.”4 It is headquartered in Austin, Texas.1 Its shares trade on NYSE under the symbol INN.1
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Last updated Oct 20, 2026.
Overview
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- TickerINN on NYSE1
- IndustryReal Estate Investment Trusts1
- HeadquartersAustin, Texas1
- Incorporated inMD2
- Business address13215 Bee Cave Parkway, Suite B-300, Austin, Tx 787382
- Filer categoryAccelerated filer2
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Summit Hotel Properties, Inc. is a self-managed lodging property investment company that was organized on June 30, 2010 as a Maryland corporation. The Company holds both general and limited partnership interests in Summit Hotel OP, LP (the “Operating Partnership”), a Delaware limited partnership also organized on June 30, 2010. We focus on owning lodging properties with efficient operating models that generate strong margins and investment returns. At December 31, 2025, our portfolio consisted of 95 lodging properties with a total of 14,347 guestrooms located in 24 states. We own our properties fee simple, except for six hotel properties which are subject to ground leases. As of December 31, 2025, we own 100% of the outstanding equity interests in 52 of our lodging properties. We own a 51% controlling interest in 40 lodging properties through a joint venture with USFI G-Peak Pte. Ltd. (“…4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs100¢$728.6M
- Income tax0¢$842.0K
Out of $729.5M in revenue.5 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Dividends paid26¢$39.0M
- Share buybacks10¢$15.4M
- Kept or used elsewhere64¢$94.6M
Out of $149.0M of cash from operations.5
Financial statements
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $549.3M6 | $234.5M7 | $361.9M8 | $675.7M9 | $736.1M5 | $731.8M5 | $729.5M5 |
| Cost of revenue | |||||||
| Operating expenses | $395.4M8 | $628.2M9 | $677.0M5 | $657.2M5 | $670.4M5 | ||
| Operating income | $119.4M6 | -$109.4M7 | -$33.3M8 | $67.8M9 | $58.8M5 | $103.5M5 | $65.7M5 |
| Interest | $41.0M6 | $43.3M7 | $43.4M8 | $65.6M8 | $86.8M8 | ||
| Income before tax | -$67.1M8 | $4.8M9 | -$25.3M5 | $30.1M5 | -$10.8M5 | ||
| Income tax | $1.5M6 | $1.4M7 | $1.5M8 | $3.6M9 | $2.8M5 | -$8.7M5 | $842.0K5 |
| Net income | $82.6M6 | -$143.3M6 | -$65.6M6 | $1.2M9 | -$28.1M5 | $38.9M5 | -$11.7M5 |
| Earnings per share | $0.656 | -$1.527 | -$0.808 | -$0.169 | -$0.275 | $0.235 | -$0.225 |
| Earnings per share (diluted) | $0.656 | -$1.527 | -$0.808 | -$0.169 | -$0.275 | $0.225 | -$0.225 |
| Shares (weighted, basic) | 104.5M shares8 | 105.1M shares9 | 105.5M shares5 | 105.9M shares5 | 106.8M shares5 | ||
| Shares (weighted, diluted) | 104.5M shares8 | 105.1M shares9 | 105.5M shares5 | 132.4M shares5 | 106.8M shares5 |
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash | $42.2M12 | $20.7M7 | $64.5M8 | $51.3M9 | $37.8M5 | $40.6M5 | $36.1M5 |
| Intangible assets | $10.8M7 | $34.8M8 | $30.7M9 | $26.6M5 | $25.0M5 | ||
| Total assets | $2.4B12 | $2.2B6 | $2.3B7 | $3.0B8 | $2.9B9 | $2.9B5 | $2.8B5 |
| Long-term debt | $1.0B12 | $1.1B6 | $1.1B7 | $1.5B8 | $1.4B9 | $1.4B5 | $1.4B5 |
| Total liabilities | $1.1B12 | $1.2B6 | $1.2B7 | $1.6B8 | $1.5B9 | $1.5B5 | $1.5B5 |
| Retained earnings | -$262.6M7 | -$288.2M8 | -$339.8M9 | -$347.0M5 | -$405.6M5 | ||
| Shareholders’ equity | $1.2B12 | $988.7M6 | $948.1M7 | $959.8M8 | $911.2M9 | $909.5M5 | $862.2M5 |
| Shares outstanding | 105.2M shares6 | 105.7M shares7 | 106.3M shares8 | 106.9M shares9 | 107.6M shares5 | 108.4M shares5 | 108.8M shares5 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash from operations | $148.5M6 | -$42.1M7 | $66.1M8 | $169.6M9 | $153.6M5 | $166.3M5 | $149.0M5 |
| Depreciation and amortization | $106.0M6 | $150.2M9 | $150.9M5 | $146.4M5 | $149.6M5 | ||
| Stock-based compensation | $10.7M8 | $8.4M9 | $7.7M5 | $8.1M5 | $8.8M5 | ||
| Cash from investing | -$74.2M8 | -$290.5M9 | -$102.0M5 | -$71.5M5 | -$43.4M5 | ||
| Dividends paid | $18.8M7 | $08 | $10.0M9 | $26.9M5 | $36.9M5 | $39.0M5 | |
| Share buybacks | $05 | $05 | $15.4M5 | ||||
| Cash from financing | $66.2M8 | $85.8M9 | -$65.7M5 | -$94.2M5 | -$112.8M5 | ||
| Dividend per share | $0.726 | $0.187 | $0.008 | $0.089 | $0.225 | $0.305 | $0.325 |
Corporate structure
Summit Hotel Properties, Inc. sits at the top of its group. 251 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Summit Hotel Properties, Inc.
- Long Pond Capital, LP Filed SCHEDULE 13G/A on Summit Hotel Properties, Inc., latest Aug 13, 2026 (2 filings since Aug 13, 2025)
- UBS Filed SCHEDULE 13G on Summit Hotel Properties, Inc., latest Aug 5, 2026
- Prudential Financial Filed SCHEDULE 13G/A on Summit Hotel Properties, Inc., latest Jul 8, 2026 (5 filings since Feb 13, 2023)
- JENNISON ASSOCIATES LLC Filed SCHEDULE 13G/A on Summit Hotel Properties, Inc., latest Jul 2, 2026 (5 filings since Feb 7, 2023)
- VANGUARD PORTFOLIO MANAGEMENT LLC Filed SCHEDULE 13G on Summit Hotel Properties, Inc., latest Apr 29, 2026
- BlackRock Filed SCHEDULE 13G/A on Summit Hotel Properties, Inc., latest Apr 7, 2026
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on Summit Hotel Properties, Inc., latest Mar 27, 2026 (5 filings since Feb 10, 2022)
- State Street Corporation Filed SCHEDULE 13G on Summit Hotel Properties, Inc., latest Aug 11, 2025 (4 filings since Feb 14, 2022)
- JPMorgan Chase Filed SCHEDULE 13G/A on Summit Hotel Properties, Inc., latest Jun 5, 2025 (4 filings since Jan 13, 2023)
- H/2 CREDIT MANAGER LP Filed SCHEDULE 13G/A on Summit Hotel Properties, Inc., latest Feb 14, 2025 (2 filings since Nov 14, 2024)
- NewcrestImage Holdings, LLC Filed SC 13D on Summit Hotel Properties, Inc., latest Jul 25, 2022
- Barclays Filed SC 13G on Summit Hotel Properties, Inc., latest Feb 11, 2022
- Summit Hotel Properties, Inc. Austin, Texas
- 1712 Commerce Master Tenant, LLC. Subsidiary · Texas, United States
- 173 Basse Lane, LLC Subsidiary · Texas, United States
- Basse 2, LLC Subsidiary · Texas, United States
- BP Watertown Hotel, LLC Subsidiary · Massachusetts, United States
- BP Watertown Victualer, LLC Subsidiary · Massachusetts, United States
- C-F Brickell Hotel Unit Owner, LLC Subsidiary · Delaware, United States
- Carnegie Hotels, LLC Subsidiary · Georgia, United States
- HG San Jose JV 150, LLC Subsidiary · Delaware, United States
- HG San Jose JV BR 150, LLC Subsidiary · Delaware, United States
- RI Port Hillsboro JV 152, LLC Subsidiary · Delaware, United States
- RI Port Hillsboro JV BR 152, LLC Subsidiary · Delaware, United States
- RI Port River JV 151, LLC Subsidiary · Delaware, United States
- RI Port River JV BR 151, LLC Subsidiary · Delaware, United States
- San Fran JV, LLC Subsidiary · Delaware, United States
- SHP Brickell JV TRS, LLC Subsidiary · Delaware, United States
- SHP Onera JV TRS, LLC Subsidiary · Delaware, United States
- Silverthorne JV 147, LLC Subsidiary · Delaware, United States
- Silverthorne JV 148, LLC Subsidiary · Delaware, United States
- Silverthorne JV BR 147, LLC Subsidiary · Delaware, United States
- Silverthorne JV BR 148, LLC Subsidiary · Delaware, United States
- Summit Arlington CTY License, LLC Subsidiary · Delaware, United States
- Summit Brickell JV TRS, LLC Subsidiary · Delaware, United States
- Summit Fredericksburg JV, LLC Subsidiary · Delaware, United States
- Summit Hospitality 036, LLC Subsidiary · Delaware, United States
- Summit Hospitality 052-053, LLC Subsidiary · Delaware, United States
- and 225 more
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Summit Hotel Properties, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Operating-lease assets (leased space) | $32.0M5 Dec 31, 2025 | $33.3M5 Dec 31, 2024 | −3.8% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $36.1M5 Dec 31, 2025 | $40.6M5 Dec 31, 2024 | −11.1% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Intangible assets, net (excluding goodwill) | $25.0M5 Dec 31, 2025 | $26.6M5 Dec 31, 2024 | −5.9% |
| Indefinite-lived intangibles (excluding goodwill) | $10.8M5 Dec 31, 2025 | $10.8M5 Dec 31, 2024 | 0% |
| Finite-lived intangibles, gross | $21.4M5 Dec 31, 2025 | $21.4M5 Dec 31, 2024 | 0% |
| Accumulated amortization | $7.3M5 Dec 31, 2025 | $5.7M5 Dec 31, 2024 | +27.5% |
| Finite-lived intangibles, net | $14.2M5 Dec 31, 2025 | $15.7M9 Dec 31, 2024 | −9.9% |
Properties, in its own words
Our Portfolio
As defined by STR, as of December 31, 2025, six of our lodging properties with a total of 953 guestrooms are categorized as Upper Upscale hotels, 72 of our lodging properties with a total of 11,066 guestrooms are categorized as Upscale hotels, and 15 of our lodging properties with a total of 2,248 guestrooms are categorized as Upper Midscale hotels. We have two independent lodging properties with a total of 80 guestrooms. Lodging property information for the year ended December 31, 2025 is as follows:
The rest of Item 2
Marriott
AC Hotel by Marriott · Atlanta, GA · Upscale · 255
AC Hotel by Marriott (1) · Houston, TX · Upscale · 195
AC Hotel by Marriott (2) · Miami, FL · Upscale · 156
AC Hotel by Marriott (1) · Frisco, TX · Upscale · 150
AC Hotel by Marriott (1) · Oklahoma City, OK · Upscale · 142
AC Hotel by Marriott (1) · Dallas, TX · Upscale · 128
Courtyard by Marriott · Indianapolis, IN · Upscale · 297
Courtyard by Marriott · Fort Lauderdale, FL · Upscale · 261
Courtyard by Marriott · Nashville, TN · Upscale · 226
Courtyard by Marriott · New Haven, CT · Upscale · 207
Courtyard by Marriott · Fort Worth, TX · Upscale · 203
Courtyard by Marriott (1) · Pittsburgh, PA · Upscale · 183
Courtyard by Marriott · Charlotte, NC · Upscale · 182
Courtyard by Marriott (1) · Grapevine, TX · Upscale · 181
Courtyard by Marriott · Decatur, GA · Upscale · 179
Courtyard by Marriott (1) · Scottsdale, AZ · Upscale · 153
Courtyard by Marriott · Metairie, LA · Upscale · 153
Courtyard by Marriott · Atlanta, GA · Upscale · 150
Courtyard by Marriott · New Orleans, LA · Upscale · 140
Courtyard by Marriott · Arlington, TX · Upscale · 103
Element (2) · Miami, FL · Upscale · 108
Fairfield Inn & Suites by Marriott · Louisville, KY · Upper Midscale · 140
Marriott · Boulder, CO · Upper Upscale · 165
Residence Inn by Marriott (1) · Portland, OR · Upscale · 258
Residence Inn by Marriott · Baltimore, MD · Upscale · 189
Residence Inn by Marriott · Cleveland, OH · Upscale · 175
Residence Inn by Marriott · Atlanta, GA · Upscale · 160
Residence Inn by Marriott · Watertown, MA · Upscale · 150
Residence Inn by Marriott (1) · Frisco, TX · Upscale · 150
Residence Inn by Marriott · Hunt Valley, MD · Upscale · 141
Residence Inn by Marriott · Portland, OR · Upscale · 124
Residence Inn by Marriott (1) · Hillsboro, OR · Upscale · 122
Residence Inn by Marriott (1) · Dallas, TX · Upscale · 121
Residence Inn by Marriott · Metairie, LA · Upscale · 120
Residence Inn by Marriott (1) · Scottsdale, AZ · Upscale · 120
Residence Inn by Marriott (1) · Tyler, TX · Upscale · 119
Residence Inn by Marriott (1) · Steamboat Springs, CO · Upscale · 110
Residence Inn by Marriott · Branchburg, NJ · Upscale · 101
Residence Inn by Marriott · Arlington, TX · Upscale · 96
SpringHill Suites by Marriott · Louisville, KY · Upscale · 198
SpringHill Suites by Marriott · Indianapolis, IN · Upscale · 156
SpringHill Suites by Marriott (1) · Dallas, TX · Upscale · 148
SpringHill Suites by Marriott (1) · Scottsdale, AZ · Upscale · 121
SpringHill Suites by Marriott · Nashville, TN · Upscale · 78
SpringHill Suites by Marriott (1) · New Orleans, LA · Upscale · 74
TownePlace Suites by Marriott (1) · Grapevine, TX · Upper Midscale · 120
TownePlace Suites by Marriott (1) · New Orleans, LA · Upper Midscale · 105
Total Marriott (47 hotel properties) · 7,313
Hilton
Canopy Hotel (1) · New Orleans, LA · Upper Upscale · 176
Canopy Hotel (1) · Frisco, TX · Upper Upscale · 150
DoubleTree · Brisbane, CA · Upscale · 210
Embassy Suites (1) · Amarillo, TX · Upper Upscale · 226
Embassy Suites (1) · Tucson, AZ · Upper Upscale · 120
Hampton Inn (1) · Revere, MA · Upper Midscale · 250
Hampton Inn & Suites · Minneapolis, MN · Upper Midscale · 211
Hampton Inn & Suites · Austin, TX · Upper Midscale · 209
Hampton Inn & Suites (1) · Dallas, TX · Upper Midscale · 176
Hampton Inn & Suites (1) · Tampa, FL · Upper Midscale · 138
Hampton Inn & Suites · Camarillo, CA · Upper Midscale · 116
Hampton Inn & Suites · Baltimore, MD · Upper Midscale · 116
Hampton Inn & Suites · Poway, CA · Upper Midscale · 108
Hampton Inn & Suites (1) · Silverthorne, CO · Upper Midscale · 88
Hilton Garden Inn · Houston, TX · Upscale · 190
Hilton Garden Inn · Houston, TX · Upscale · 182
Hilton Garden Inn (1) · Milpitas, CA · Upscale · 161
Hilton Garden Inn (1) · Grapevine, TX · Upscale · 152
Hilton Garden Inn (1) · Vienna, VA · Upscale · 149
Hilton Garden Inn · Waltham, MA · Upscale · 148
Hilton Garden Inn (1) · Longview, TX · Upscale · 122
Hilton Garden Inn · Greenville, SC · Upscale · 120
Homewood Suites (1) · Aliso Viejo, CA · Upscale · 129
Homewood Suites (1) · Tucson, AZ · Upscale · 122
Homewood Suites (1) · Midland, TX · Upscale · 118
Total Hilton (25 hotel properties) · 3,887
Hyatt
Hyatt House · Orlando, FL · Upscale · 168
Hyatt House · Miami, FL · Upscale · 163
Hyatt House · Englewood, CO · Upscale · 135
Hyatt Place · Minneapolis, MN · Upscale · 213
Hyatt Place · Chicago, IL · Upscale · 206
Hyatt Place · Mesa, AZ · Upscale · 152
Hyatt Place · Orlando, FL · Upscale · 151
Hyatt Place · Orlando, FL · Upscale · 150
Hyatt Place · Portland, OR · Upscale · 136
Hyatt Place (1) · Oklahoma City, OK · Upscale · 134
Hyatt Place · Lone Tree, CO · Upscale · 127
Hyatt Place · Englewood, CO · Upscale · 126
Hyatt Place · Scottsdale, AZ · Upscale · 126
Hyatt Place (1) · Grapevine, TX · Upscale · 125
Hyatt Place (1) · Lubbock, TX · Upscale · 125
Hyatt Place · Garden City, NY · Upscale · 122
Total Hyatt (16 hotel properties) · 2,359
IHG
Holiday Inn Express & Suites · San Francisco, CA · Upper Midscale · 252
Holiday Inn Express & Suites (1) · Oklahoma City, OK · Upper Midscale · 124
Holiday Inn Express & Suites (1) · Grapevine, TX · Upper Midscale · 95
Hotel Indigo · Asheville, NC · Upper Upscale · 116
Staybridge Suites · Glendale, CO · Upscale · 121
Total IHG (5 hotel properties) · 708
Other
Item 2 of the 10-K filed Feb 25, 2026.4
Leadership
Who has led Summit Hotel Properties, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
- Chief executive officerJonathan P. Stanner Mar 10, 2021 to now13
- Chief executive officerDaniel P. Hansen Feb 9, 2011 to Mar 23, 202014
- ChairDaniel P. Hansen Jan 30, 2017 to Nov 8, 202115
- ChairKerry W. Boekelheide Feb 9, 2011 to Apr 27, 201516
- PresidentJonathan P. Stanner Mar 10, 2021 to now13
- PresidentDaniel P. Hansen Feb 9, 2011 to Mar 23, 202014
- Chief financial officerJonathan P. Stanner Mar 8, 2019 to Mar 23, 202017
- Chief financial officerGreg A. Dowell Oct 1, 2014 to Mar 20, 201818
- Chief financial officerStuart J. Becker Feb 9, 2011 to Mar 5, 201319
- Chief operating officerCraig J. Aniszewski Feb 9, 2011 to Aug 13, 202120
Board members and other officers (17)
- EVP & Chief Investment OfficerJonathan P. Stanner Apr 18, 2017 to Mar 20, 201821
- V.P & Chief Accounting OfficerPaul Ruiz Jul 22, 2014 to now22
- Vice President and CAOTroy L. Hester Aug 22, 2012 to Nov 20, 201223
- V.P., Gen. Coun. & Sec.Christopher R. Eng Feb 9, 2011 to now24
- Vice President & ControllerJolynn M. Sorum Feb 9, 2011 to Feb 11, 201125
- Vice President of AcquisitionsRyan A. Bertucci Feb 9, 2011 to Feb 9, 201126
- Board memberMehulkumar Bhikhubhai Patel Jan 19, 2022 to now27
- Board memberJonathan P. Stanner Mar 10, 2021 to now13
- Board memberAmina Belouizdad May 13, 2021 to now28
- Board memberHope S. Taitz Jul 10, 2017 to now29
- Board memberKenneth J. Kay Jul 21, 2014 to now30
- Board memberBjorn R.l. Hanson Feb 9, 2011 to now31
- Board memberDaniel P. Hansen Feb 9, 2011 to Apr 8, 202214
- Board memberDavid S. Kay Feb 9, 2011 to Jun 14, 201332
- Board memberThomas W. Storey Feb 9, 2011 to now33
- Board memberWayne Wielgus Feb 9, 2011 to Sep 17, 201434
- General counselChristopher R. Eng Feb 11, 2011 to Mar 29, 202135
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- 1712 Commerce Master Tenant, LLC. Texas3
- 173 Basse Lane, LLC Texas3
- BP Watertown Hotel, LLC Massachusetts3
- BP Watertown Victualer, LLC Massachusetts3
- Basse 2, LLC Texas3
- C-F Brickell Hotel Unit Owner, LLC Delaware3
- Carnegie Hotels, LLC Georgia3
- HG San Jose JV 150, LLC Delaware3
- HG San Jose JV BR 150, LLC Delaware3
- RI Port Hillsboro JV 152, LLC Delaware3
- RI Port Hillsboro JV BR 152, LLC Delaware3
- RI Port River JV 151, LLC Delaware3
- RI Port River JV BR 151, LLC Delaware3
- SHP Brickell JV TRS, LLC Delaware3
- SHP Onera JV TRS, LLC Delaware3
- San Fran JV, LLC Delaware3
- Silverthorne JV 147, LLC Delaware3
- Silverthorne JV 148, LLC Delaware3
- Silverthorne JV BR 147, LLC Delaware3
- Silverthorne JV BR 148, LLC Delaware3
- Summit Arlington CTY License, LLC Delaware3
- Summit Brickell JV TRS, LLC Delaware3
- Summit Fredericksburg JV, LLC Delaware3
- Summit Hospitality 036, LLC Delaware3
All 251 listed subsidiaries
- Summit Hospitality 052-053, LLC Delaware3
- Summit Hospitality 057, LLC Delaware3
- Summit Hospitality 060, LLC Delaware3
- Summit Hospitality 084, LLC Delaware3
- Summit Hospitality 085, LLC Delaware3
- Summit Hospitality 092, LLC Delaware3
- Summit Hospitality 100, LLC Delaware3
- Summit Hospitality 101, LLC Delaware3
- Summit Hospitality 103, LLC Delaware3
- Summit Hospitality 110, LLC Delaware3
- Summit Hospitality 111, LLC Delaware3
- Summit Hospitality 114, LLC Delaware3
- Summit Hospitality 116, LLC Delaware3
- Summit Hospitality 117, LLC Delaware3
- Summit Hospitality 118, LLC Delaware3
- Summit Hospitality 119, LLC Delaware3
- Summit Hospitality 120, LLC Delaware3
- Summit Hospitality 121, LLC Delaware3
- Summit Hospitality 123, LLC Delaware3
- Summit Hospitality 126, LLC Delaware3
- Summit Hospitality 127, LLC Delaware3
- Summit Hospitality 128, LLC Delaware3
- Summit Hospitality 129, LLC Delaware3
- Summit Hospitality 130, LLC Delaware3
- Summit Hospitality 131, LLC Delaware3
- Summit Hospitality 132, LLC Delaware3
- Summit Hospitality 133, LLC Delaware3
- Summit Hospitality 134, LLC Delaware3
- Summit Hospitality 135, LLC Delaware3
- Summit Hospitality 136, LLC Delaware3
- Summit Hospitality 137, LLC Delaware3
- Summit Hospitality 139, LLC Delaware3
- Summit Hospitality 140, LLC Delaware3
- Summit Hospitality 141, LLC Delaware3
- Summit Hospitality 142, LLC Delaware3
- Summit Hospitality 143, LLC Delaware3
- Summit Hospitality 144, LLC Delaware3
- Summit Hospitality 145, LLC Delaware3
- Summit Hospitality 153, LLC Delaware3
- Summit Hospitality 19,LLC Delaware3
- Summit Hospitality 190, LLC Delaware3
- Summit Hospitality 191, LLC Delaware3
- Summit Hospitality 192, LLC Delaware3
- Summit Hospitality 193, LLC Delaware3
- Summit Hospitality 21, LLC Delaware3
- Summit Hospitality 22, LLC Delaware3
- Summit Hospitality 25, LLC Delaware3
- Summit Hospitality I, LLC Delaware3
- Summit Hospitality JV, LP Delaware3
- Summit Hospitality SubJV, LLC Delaware3
- Summit Hospitality XIII, LLC Delaware3
- Summit Hospitality XIV, LLC Delaware3
- Summit Hotel Blackstone Holding, LLC Texas3
- Summit Hotel Blackstone Licensing, LLC Texas3
- Summit Hotel GP 2, LLC Delaware3
- Summit Hotel GP, LLC Delaware3
- Summit Hotel OP, LP Delaware3
- Summit Hotel TRS 014, LLC Delaware3
- Summit Hotel TRS 024, LLC Delaware3
- Summit Hotel TRS 027, LLC Delaware3
- Summit Hotel TRS 030, LLC Delaware3
- Summit Hotel TRS 036, LLC Delaware3
- Summit Hotel TRS 037, LLC Delaware3
- Summit Hotel TRS 048, LLC Delaware3
- Summit Hotel TRS 051, LLC Delaware3
- Summit Hotel TRS 052, LLC Delaware3
- Summit Hotel TRS 053, LLC Delaware3
- Summit Hotel TRS 057, LLC Delaware3
- Summit Hotel TRS 060, LLC Delaware3
- Summit Hotel TRS 066, LLC Delaware3
- Summit Hotel TRS 084, LLC Delaware3
- Summit Hotel TRS 085, LLC Delaware3
- Summit Hotel TRS 092, LLC Delaware3
- Summit Hotel TRS 094, LLC Delaware3
- Summit Hotel TRS 098, LLC Delaware3
- Summit Hotel TRS 099, LLC Delaware3
- Summit Hotel TRS 100, LLC Delaware3
- Summit Hotel TRS 101, LLC Delaware3
- Summit Hotel TRS 103, LLC Delaware3
- Summit Hotel TRS 105, LLC Delaware3
- Summit Hotel TRS 106, LLC Delaware3
- Summit Hotel TRS 107, LLC Delaware3
- Summit Hotel TRS 108, LLC Delaware3
- Summit Hotel TRS 109, LLC Delaware3
- Summit Hotel TRS 110, LLC Delaware3
- Summit Hotel TRS 111, LLC Delaware3
- Summit Hotel TRS 113, LLC Delaware3
- Summit Hotel TRS 114, LLC Delaware3
- Summit Hotel TRS 116, LLC Delaware3
- Summit Hotel TRS 117, LLC Delaware3
- Summit Hotel TRS 118, LLC Delaware3
- Summit Hotel TRS 119, LLC Delaware3
- Summit Hotel TRS 120, LLC Delaware3
- Summit Hotel TRS 121, LLC Delaware3
- Summit Hotel TRS 123, LLC Delaware3
- Summit Hotel TRS 126, LLC Delaware3
- Summit Hotel TRS 127, LLC Delaware3
- Summit Hotel TRS 128, LLC Delaware3
- Summit Hotel TRS 129, LLC Delaware3
- Summit Hotel TRS 130, LLC Delaware3
- Summit Hotel TRS 131, LLC Delaware3
- Summit Hotel TRS 132, LLC Delaware3
- Summit Hotel TRS 133, LLC Delaware3
- Summit Hotel TRS 134, LLC Delaware3
- Summit Hotel TRS 135, LLC Delaware3
- Summit Hotel TRS 136, LLC Delaware3
- Summit Hotel TRS 137, LLC Delaware3
- Summit Hotel TRS 139, LLC Delaware3
- Summit Hotel TRS 140, LLC Delaware3
- Summit Hotel TRS 141, LLC Delaware3
- Summit Hotel TRS 142, LLC Delaware3
- Summit Hotel TRS 143, LLC Delaware3
- Summit Hotel TRS 144, LLC Delaware3
- Summit Hotel TRS 145, LLC Delaware3
- Summit Hotel TRS 146, LLC Delaware3
- Summit Hotel TRS 147, LLC Delaware3
- Summit Hotel TRS 148, Inc. Delaware3
- Summit Hotel TRS 148, LLC Delaware3
- Summit Hotel TRS 150, LLC Delaware3
- Summit Hotel TRS 151, LLC Delaware3
- Summit Hotel TRS 152, LLC Delaware3
- Summit Hotel TRS 153, LLC Delaware3
- Summit Hotel TRS 154, LLC Delaware3
- Summit Hotel TRS 155, LLC Delaware3
- Summit Hotel TRS 156, LLC Delaware3
- Summit Hotel TRS 157, LLC Delaware3
- Summit Hotel TRS 158, LLC Delaware3
- Summit Hotel TRS 159, LLC Delaware3
- Summit Hotel TRS 160, LLC Delaware3
- Summit Hotel TRS 161, LLC Delaware3
- Summit Hotel TRS 162, LLC Delaware3
- Summit Hotel TRS 163, LLC Delaware3
- Summit Hotel TRS 164, LLC Delaware3
- Summit Hotel TRS 165, LLC Delaware3
- Summit Hotel TRS 167, LLC Delaware3
- Summit Hotel TRS 168, LLC Delaware3
- Summit Hotel TRS 169, LLC Delaware3
- Summit Hotel TRS 171, LLC Delaware3
- Summit Hotel TRS 172, LLC Delaware3
- Summit Hotel TRS 173, LLC Delaware3
- Summit Hotel TRS 175, LLC Delaware3
- Summit Hotel TRS 176, LLC Delaware3
- Summit Hotel TRS 178, LLC Delaware3
- Summit Hotel TRS 179, LLC Delaware3
- Summit Hotel TRS 180, LLC Delaware3
- Summit Hotel TRS 181, LLC Delaware3
- Summit Hotel TRS 182, LLC Delaware3
- Summit Hotel TRS 183, LLC Delaware3
- Summit Hotel TRS 184, LLC Delaware3
- Summit Hotel TRS 185, LLC Delaware3
- Summit Hotel TRS 186, LLC Delaware3
- Summit Hotel TRS 188, LLC Delaware3
- Summit Hotel TRS 189, LLC Delaware3
- Summit Hotel TRS 190, LLC Delaware3
- Summit Hotel TRS 191, LLC. Delaware3
- Summit Hotel TRS 192, LLC Delaware3
- Summit Hotel TRS 193, LLC Delaware3
- Summit Hotel TRS Rooftop, LLC Delaware3
- Summit Hotel TRS, Inc Delaware3
- Summit IHG JV, LLC Delaware3
- Summit JV BR 101, LLC Delaware3
- Summit JV BR 129, LLC Delaware3
- Summit JV BR 139, LLC Delaware3
- Summit JV BR 142, LLC Delaware3
- Summit JV BR 191, LLC Delaware3
- Summit JV BR 192, LLC Delaware3
- Summit JV BR 193, LLC Delaware3
- Summit JV BR 52-53, LLC Delaware3
- Summit JV MR 1, LLC Delaware3
- Summit JV MR 2, LLC Delaware3
- Summit JV MR 3, LLC Delaware3
- Summit Licensing 121, LLC Delaware3
- Summit Licensing 137, LLC Delaware3
- Summit MR 1 Master TRS, Inc. Delaware3
- Summit NCI JV 156-157, LLC Delaware3
- Summit NCI JV 158, LLC Delaware3
- Summit NCI JV 159, LLC Delaware3
- Summit NCI JV 160, LLC Delaware3
- Summit NCI JV 161, LLC Delaware3
- Summit NCI JV 162, LLC Delaware3
- Summit NCI JV 163-164, LLC Delaware3
- Summit NCI JV 165, LLC Delaware3
- Summit NCI JV 167-168, LLC Delaware3
- Summit NCI JV 169, LLC Delaware3
- Summit NCI JV 171, LLC Delaware3
- Summit NCI JV 172, LLC Delaware3
- Summit NCI JV 173, LLC Delaware3
- Summit NCI JV 175, LLC Delaware3
- Summit NCI JV 176, LLC Delaware3
- Summit NCI JV 178, LLC Delaware3
- Summit NCI JV 179, LLC Delaware3
- Summit NCI JV 180, LLC Delaware3
- Summit NCI JV 181, LLC Delaware3
- Summit NCI JV 182-183, LLC Delaware3
- Summit NCI JV 184, LLC Delaware3
- Summit NCI JV BR 156-159, LLC Delaware3
- Summit NCI JV BR 160, LLC Delaware3
- Summit NCI JV BR 161, LLC Delaware3
- Summit NCI JV BR 162, LLC Delaware3
- Summit NCI JV BR 163-164, LLC Delaware3
- Summit NCI JV BR 165, LLC Delaware3
- Summit NCI JV BR 167-168, LLC Delaware3
- Summit NCI JV BR 169, LLC Delaware3
- Summit NCI JV BR 171, LLC Delaware3
- Summit NCI JV BR 171-A, LLC Delaware3
- Summit NCI JV BR 172, LLC Delaware3
- Summit NCI JV BR 173, LLC Delaware3
- Summit NCI JV BR 175, LLC Delaware3
- Summit NCI JV BR 176, LLC Delaware3
- Summit NCI JV BR 178, LLC Delaware3
- Summit NCI JV BR 179, LLC Delaware3
- Summit NCI JV BR 180, LLC Delaware3
- Summit NCI JV BR 181, LLC Delaware3
- Summit NCI JV BR 182-183, LLC Delaware3
- Summit NCI JV BR 184, LLC Delaware3
- Summit NCI JV TRS 170, LLC Delaware3
- Summit NCI Master TRS, Inc. Delaware3
- Summit NCI NOLA BR 184, LLC Delaware3
- Summit PA JV 1, LLC Delaware3
- Summit PA JV 2, LLC Delaware3
- Summit PA JV BR 139 Owner, LLC Delaware3
- Summit PA JV Holding BR 139, LLC Delaware3
- Summit Steam JV 154, LLC Delaware3
- Summit Steam JV BR 154, LLC Delaware3
- Summit Tucson JV 155, LLC Delaware3
- Summit Tucson JV BR 155, LLC Delaware3
- Supreme Bright Dallas II Subtenant, LLC. Texas3
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- Aug 7, 20268-K Other events36
- Aug 5, 20268-K Financial statements and exhibits37
- Jun 30, 20268-K Entered a material agreement; New debt or obligation38
- Jun 12, 20268-K Executive or director change; Regulation FD disclosure39
- May 21, 20268-K Shareholder vote40
- Apr 30, 20268-K Financial statements and exhibits41
- Feb 25, 20268-K Financial statements and exhibits42
- Dec 18, 20258-K Entered a material agreement; New debt or obligation43
- Nov 4, 20258-K Financial statements and exhibits44
- Aug 5, 20258-K Financial statements and exhibits45
- Jul 28, 20258-K Entered a material agreement; New debt or obligation46
- May 22, 20258-K Shareholder vote47
- Mar 10, 2021New chief executive Jonathan P. Stanner becomes CEO13
- Feb 9, 2011New chief executive Daniel P. Hansen becomes CEO14
Calendar
Coming up
- Nov 3, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.17 a share, on Nov 4, 2025.48
When it reported results
- Aug 2, 2023Reported quarterly or annual results49
- May 3, 2023Reported quarterly or annual results50
- Feb 27, 2023Reported quarterly or annual results51
- Nov 2, 2022Reported quarterly or annual results52
- Aug 2, 2022Reported quarterly or annual results53
- May 4, 2022Reported quarterly or annual results54
- Feb 23, 2022Reported quarterly or annual results55
- Nov 3, 2021Reported quarterly or annual results56
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
220 filings to the SEC since October 2021: 5 annual reports, 16 quarterly reports, 47 major events, 94 insider forms, 36 large holders, 22 other. The latest 20:
- Aug 13, 2026SCHEDULE 13G/A EDGAR
- Aug 7, 20268-K EDGAR
- Aug 7, 2026424B5 EDGAR
- Aug 5, 2026SCHEDULE 13G EDGAR
- Aug 5, 20268-K EDGAR
- Aug 5, 202610-Q EDGAR
- Jul 8, 2026SCHEDULE 13G/A EDGAR
- Jul 2, 2026SCHEDULE 13G/A EDGAR
- Jun 30, 20268-K EDGAR
- Jun 12, 20268-K EDGAR
- May 21, 20264 EDGAR
- May 21, 20264 EDGAR
- May 21, 20264 EDGAR
- May 21, 20264 EDGAR
- May 21, 20264 EDGAR
- May 21, 20268-K EDGAR
- May 21, 20264 EDGAR
- May 21, 20264 EDGAR
- Apr 30, 20268-K EDGAR
- Apr 30, 202610-Q EDGAR
The 220 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
10 open-market trades by officers, directors and large owners since October 2021: 4 buys and 6 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jan 5, 2026 | Patel Mehulkumar BhikhubhaiDirector | Sale | 25,000 | $4.84 | $121.0K | Form 4 |
| Dec 18, 2025 | Patel Mehulkumar BhikhubhaiDirector | Sale | 10,000 | $5.12 | $51.2K | Form 4 |
| May 21, 2025 | Storey Thomas W.Director | Buy | 27,118 | Form 4 | ||
| May 13, 2025 | Storey Thomas W.Director | Buy | 16,270 | $4.62 | $75.2K | Form 4 |
| Mar 10, 2025 | Bright Force Investment, LLC10% owner | Sale | 21,207 | $6.38 | $135.3K | Form 4 |
| Mar 16, 2023 | Stanner Jonathan PPresident, CEO & Director | Buy | 21,870 | $6.90 | $150.9K | Form 4 |
| Mar 16, 2023 | Taitz Hope SDirector | Buy | 5,000 | $6.89 | $34.5K | Form 4 |
| Nov 23, 2022 | Patel Mehulkumar BhikhubhaiDirector | Sale | 3,000 | $8.41 | $25.2K | Form 4 |
| Nov 5, 2021 | Hansen Daniel PDirector | Sale | 193,498 | $10.58 | $2.0M | Form 4 |
| Nov 4, 2021 | Hansen Daniel PDirector | Sale | 6,502 | $10.57 | $68.7K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Long Pond Capital, LPSCHEDULE 13G/A, 2 filings Aug 13, 2025 to Aug 13, 202657
- UBSSCHEDULE 13G, 1 filing Aug 5, 202658
- Prudential FinancialSCHEDULE 13G/A, 5 filings Feb 13, 2023 to Jul 8, 202659
- JENNISON ASSOCIATES LLCSCHEDULE 13G/A, 5 filings Feb 7, 2023 to Jul 2, 202660
- VANGUARD PORTFOLIO MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 29, 202661
- BlackRockSCHEDULE 13G/A, 1 filing Apr 7, 202662
- VANGUARD GROUP INCSCHEDULE 13G/A, 5 filings Feb 10, 2022 to Mar 27, 202663
- State Street CorporationSCHEDULE 13G, 4 filings Feb 14, 2022 to Aug 11, 202564
- JPMorgan ChaseSCHEDULE 13G/A, 4 filings Jan 13, 2023 to Jun 5, 202565
- H/2 CREDIT MANAGER LPSCHEDULE 13G/A, 2 filings Nov 14, 2024 to Feb 14, 202566
- NewcrestImage Holdings, LLCSC 13D, 1 filing Jul 25, 202267
- BarclaysSC 13G, 1 filing Feb 11, 202268
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Jonathan P. Stanner | $800.0K | $5.5M69 | |
| 2025 | William H. Conkling | $500.0K | $2.4M69 | |
| 2025 | Christopher R. Eng | $450.0K | $1.4M69 | |
| 2025 | Paul Ruiz | $350.0K | $1.1M69 | |
| 2024 | President & CEO | $700.0K | $5.4M69 | |
| 2024 | EVP & CFO | $470.0K | $2.3M69 | |
| 2024 | EVPCRO, GC | $400.0K | $1.4M69 | |
| 2024 | SVPCAO | $315.0K | $1.1M69 | |
| 2023 | President & CEO | $700.0K | $5.7M69 | |
| 2023 | EVP & CFO | $470.0K | $2.4M69 | |
| 2023 | EVPCRO, GC | $400.0K | $1.4M69 | |
| 2023 | SVPCAO | $315.0K | $1.2M69 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Jennison Associates LLC | 11,653,415 | $81.7M | 0.0% | +4,571,846 |
| BlackRock, Inc. | 9,426,587 | $66.1M | 0.0% | +397,914 |
| Vanguard Portfolio Management LLC | 6,789,477 | $47.6M | 0.0% | +191,156 |
| Vanguard Capital Management LLC | 4,570,841 | $32.0M | 0.0% | −88,147 |
| Geode Capital Management, LLC | 3,009,821 | $21.1M | 0.0% | +166,063 |
| State Street Corp | 2,884,773 | $20.2M | 0.0% | +13,507 |
| Two Sigma Investments, LP | 2,750,750 | $19.3M | 0.0% | +2,504,913 |
| Arrowstreet Capital, Limited Partnership | 2,639,836 | $18.5M | 0.0% | +688,672 |
| Marshall Wace, Llp | 2,576,433 | $18.1M | 0.0% | +2,258,480 |
| Victory Capital Management Inc | 2,349,060 | $16.5M | 0.0% | −144,360 |
| Charles Schwab Investment Management Inc | 2,298,230 | $16.1M | 0.0% | −5,454 |
| Goldman Sachs Group Inc | 1,794,754 | $12.6M | 0.0% | +929,114 |
| Balyasny Asset Management L.P. | 1,514,866 | $10.6M | 0.0% | +158,932 |
| Jpmorgan Chase & Co | 1,255,008 | $8.8M | 0.0% | +1,089,727 |
| Dimensional Fund Advisors LP | 1,248,546 | $8.8M | 0.0% | −56,827 |
| Nuveen, LLC | 1,195,453 | $8.4M | 0.0% | +575,547 |
| D. E. Shaw & Co., Inc. | 1,184,401 | $8.3M | 0.0% | +753,265 |
| Jane Street Group, LLC | 1,160,427 | $8.1M | 0.0% | −916,835 |
| Susquehanna International Group, Llp | 1,032,929 | $7.2M | 0.0% | +568,937 |
| Grace & White Inc /ny | 1,020,425 | $7.2M | 1.1% | −214,900 |
| Morgan Stanley | 1,005,893 | $7.1M | 0.0% | −122,440 |
| Aqr Capital Management LLC | 941,659 | $6.6M | 0.0% | +518,188 |
| Northern Trust Corp | 929,335 | $6.5M | 0.0% | +40,887 |
| Citadel Advisors LLC | 897,514 | $6.3M | 0.0% | −416,197 |
| Jacobs Levy Equity Management, Inc | 891,978 | $6.3M | 0.0% | New |
13F reports cover disclosed long positions in U.S. stocks only.
Members of Congress who traded it
1 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Jul 12, 2023 | Daniel S. GoldmanDemocratic, House | Sale | $1,001 - $15,000 | +75.5% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
SEC filer profile
How Summit Hotel Properties, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARSummit Hotel Properties, Inc.1
- CIK0001497645
- Employer ID (EIN)27-29625124
- Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
- Incorporated inMaryland4
- Fiscal year endsDecember 311
- Industry code (SIC)6798 Real Estate Investment Trusts1
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
- Business address13215 Bee Cave Parkway, Suite B-300, Austin, TX 787381
- Phone512-538-23001
- Shares outstanding107,853,463 as of Jul 24, 202611
- Public float$531.0M as of Jun 30, 20254
- AuditorErnst & Young LLP, Austin, Texas PCAOB ID 42; it also attests to the company’s internal control over financial reporting4
- On EDGAR sinceAug 9, 20101
- Filings846 in all: 4 (303), 8-K (191), SC 13G/A (61), 10-Q (47), 424B5 (26), 3 (22), SC 13G (21), 10-K (16)1
All 42 form types
DEFA14A (16), DEF 14A (15), UPLOAD (15), SCHEDULE 13G/A (12), CORRESP (11), FWP (9), S-3ASR (8), 8-A12B (7), 8-K/A (7), CERTNYS (6), EFFECT (6), S-11/A (6), 25-NSE (4), S-3 (4), S-8 (4), SCHEDULE 13G (4), 10-Q/A (3), 4/A (2), 424B4 (2), 424B7 (2), POSASR (2), S-11 (2), 10-K/A (1), 3/A (1), 424B1 (1), 424B2 (1), 424B3 (1), 5 (1), CERT (1), NT 10-K (1), PRE 14A (1), S-3/A (1), S-3MEF (1), SC 13D (1)
- Latest filingsAnnual report (10-K) Feb 25, 2026
Quarterly report (10-Q) Aug 5, 2026
Proxy statement (DEF 14A) Apr 1, 2026
Latest 8-K (8-K) Aug 7, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, par value $0.01 per share | INN | New York Stock Exchange |
| 6.25% Series E Cumulative Redeemable Preferred Stock, par value $0.01 per share | INN-PE | New York Stock Exchange |
| 5.875% Series F Cumulative Redeemable Preferred Stock, par value $0.01 per share | INN-PF | New York Stock Exchange |
From the cover page of the 10-K filed Feb 25, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks Summit Hotel Properties, Inc. names in Item 1A of its 10-K filed Feb 25, 2026: 72 risks under these headings, as written.4
- Risks Related to Our Business
- Risks Related to the Lodging Industry
- Risks Related to the Real Estate Industry and Real Estate-Related Investments
- Risks Related to Our Organization and Structure
- Risks Related to Ownership of Our Securities
- Risks Related to Our Status as a REIT
- Risks Related to Corporate Responsibility
- Our business strategy, future results of operations and growth prospects are dependent on achieving revenue and net income growth from anticipated increases in demand for lodging guestrooms and general economic conditions.
- Our expenses may not decrease if our revenue decreases.
- Changes in federal or state regulations or policies may have a material adverse effect on labor markets and our business.
- Actions by organized labor could have a material adverse effect on our business.
- We may be unable to complete acquisitions that would grow our business.
The other 67 risks
- The sale of certain properties could result in significant tax liabilities unless we are able to offset taxable gains through tax planning strategies under the IRC including the use of net operating loss carryforwards (“NOLs”) or like-kind exchanges under Section 1031 of the IRC (“1031 Exchanges”).
- We may fail to successfully integrate acquired lodging properties or achieve expected operating performance.
- We may assume liabilities in connection with the acquisition of lodging properties, including unknown liabilities.
- We may not be able to cause our management companies to operate any of our lodging properties in a manner that is satisfactory to us, and termination of our management agreements may be costly and disruptive.
- The management of a large number of lodging properties in our portfolio is currently concentrated with one property management company.
- Our lodging properties may be clustered geographically increasing business risks based on adverse market conditions.
- Restrictive covenants and other provisions in management and franchise agreements could preclude us from taking actions with respect to the sale, refinancing or rebranding of a lodging property that would otherwise be in our best interest.
- We are required to expend funds to maintain franchisor operating standards and we may experience a loss of a franchise license or a decline in the value of a franchise brand.
- We rely on external sources of capital to fund future capital needs, and if we encounter difficulty in obtaining such capital, we may not be able to make future acquisitions necessary to grow our business or meet maturing obligations.
- We have a significant amount of debt, and our organizational documents have no limitation on the amount of additional indebtedness that we may incur in the future.
- The agreements governing our indebtedness place restrictions on us and our subsidiaries, reducing operational flexibility and creating default risks.
- Secured debt obligations expose us to the possibility of foreclosure, which could result in the loss of our investment in any lodging property subject to mortgage debt or equity pledges.
- An increase in interest rates would increase our interest costs on our variable rate debt and continued high rates of interest on our variable rate debt could have broader effects on the cost of capital for real estate companies and real estate asset values.
- We hedge our interest rate exposure to manage our exposure to interest rate volatility, however, such arrangements may adversely affect us.
- Our success depends on key personnel whose continued service is not guaranteed.
- We could incur uninsured and underinsured losses.
- Cybersecurity risks and breaches could materially disrupt our internal operations or services provided to guests at our lodging properties or compromise sensitive information, which could affect our reputation and adversely affect our financial condition and stock price.
- Any actual or perceived failure to comply with new or existing laws, regulations and other requirements relating to the privacy, security and processing of Personal Information could adversely affect our business, results of operations, or financial condition.
- We may not be able to manage rapidly advancing artificial intelligence in our business, which could adversely affect our competitive position.
- A failure to keep pace with developments in technology could impair our operations or competitive position.
- Joint venture investments could be adversely affected by a lack of sole decision-making authority with respect to such investments, disputes with joint venture partners, and the financial condition of joint venture partners.
- Inflation may affect consumer confidence which could reduce consumer demand for lodging, and may increase our operating costs, resulting in a material adverse effect on our business, consolidated financial position, results of operations and cash flows.
- We may provide mezzanine financing to developers or seller financing in connection with the disposition of a lodging property which exposes us to credit financing risk in the case of a borrower default, resulting in a material adverse effect on our business, consolidated financial position, results of operations and cash flows.
- The outbreak of any highly infectious or contagious diseases could adversely affect the number of guests visiting our lodging properties and disrupt our operations, resulting in a material adverse effect on our business, consolidated financial position, results of operations and cash flows.
- Economic conditions may adversely affect the lodging industry.
- We experience a high level of competition from other hotels and alternative accommodations in the markets in which we operate.
- Our operating results and ability to make distributions to our stockholders may be adversely affected by the risks inherent to the ownership of lodging properties and the markets in which we operate.
- We have significant ongoing needs to make capital expenditures at our lodging properties, which require us to devote funds to these purposes.
- Development of lodging properties is subject to timing, budgeting and other risks.
- Customers may increasingly use Internet travel intermediaries.
- Consumer trends and preferences, particularly with respect to younger generations, could change away from select-service lodging properties.
- Illiquidity of real estate investments could significantly impede our ability to respond to adverse changes in the performance of our lodging properties or to adjust our portfolio in response to changes in economic and other conditions.
- We could incur significant costs related to government regulation and litigation over environmental, health and safety matters.
- Compliance with the laws, regulations and covenants that apply to our lodging properties, including permit, license and zoning requirements, may adversely affect our ability to make future acquisitions or renovations, result in significant costs or delays and adversely affect our growth strategy.
- We have fixed obligations related to right-of-use assets on which certain of our lodging properties are located.
- The states and localities in which we own material amounts of property or conduct material business operations could raise their income and property tax rates or amend their tax regimes in a manner that increases our state and local tax liabilities.
- Our fiduciary duties as the general partner of our Operating Partnership could create conflicts of interest.
- Provisions of our charter may limit the ability of a third-party to acquire control of us by authorizing our Board of Directors to issue additional securities.
- Provisions of Maryland law may limit the ability of a third-party to acquire control of us by requiring our Board of Directors or stockholders to approve proposals to acquire our Company or effect a change in control.
- Our rights and the rights of our stockholders to take action against our directors and officers are limited.
- Our stockholders have limited voting rights and our charter contains provisions that make removal of our directors difficult.
- The ability of our Board of Directors to change our major policies without the consent of stockholders may not be in our stockholders’ interest.
- Our Board of Directors has the ability to revoke our REIT qualification without stockholder approval.
- We are a holding company with no direct operations. As a result, we rely on funds received from our Operating Partnership to pay liabilities and dividends, our stockholders’ claims will be structurally subordinated to all liabilities of our Operating Partnership and our stockholders will not have any voting rights with respect to our Operating Partnership activities, including the issuance of additional Common Units or Preferred Units.
- If we are unable to maintain an effective system of internal controls, we may not be able to produce and report accurate financial information on a timely basis or prevent fraud.
- The New York Stock Exchange (“NYSE”) or another nationally-recognized exchange may not continue to list our securities.
- The cash available for distribution may not be sufficient to make distributions at expected levels and we may use borrowed funds or funds from other sources to make distributions.
- The market price of our stock may be volatile due to numerous circumstances beyond our control.
- The number of shares of our common stock and preferred stock available for future sale could adversely affect the market price per share of our common stock and preferred stock, respectively, and future sales by us of shares of our common stock, preferred stock, or issuances by our Operating Partnership of Common Units may be dilutive to existing stockholders.
- We may execute future offerings of debt securities, which would be senior to our common and preferred stock upon liquidation, and issuances of equity securities (including Common Units).
- There can be no assurance that we will repurchase shares pursuant to our share repurchase program.
- Failure to remain qualified as a REIT would cause us to be taxed as a regular corporation.
- Even if we continue to qualify as a REIT, we may face other tax liabilities.
- Failure to make required distributions would subject us to federal corporate income tax.
- The REIT distribution requirements may adversely affect our operations.
- The formation of our TRSs increases our overall tax liability.
- Our TRS Lessee structure subjects us to the risk of increased lodging property operating expenses.
- Our Operating Partnership could be treated as a publicly traded partnership taxable as a corporation for federal income tax purposes.
- Our current property management companies, or any other property management companies that we may engage in the future may not qualify as “eligible independent contractors,” or our lodging properties may not be considered “qualified lodging facilities.”
- Our ownership of our TRSs is subject to limitations and our transactions with our TRSs could cause us to be subject to a 100% penalty tax on certain income or deductions if those transactions are not conducted on arm’s-length terms.
- If any subsidiary REIT failed to qualify as a REIT, we could be subject to higher taxes and could fail to remain qualified as a REIT.
- We may be subject to adverse legislative or regulatory tax changes.
- Stockholders may be restricted from acquiring or transferring certain amounts of our stock.
- We may pay taxable dividends in our common stock and cash, in which case stockholders may sell shares of our common stock to pay taxes on such dividends.
- The 100% prohibited transactions tax may limit our ability to dispose of our properties, and we could incur a material tax liability if the IRS successfully asserts that the 100% prohibited transaction tax applies to some or all of our past or future dispositions.
- The IRS could determine that certain payments we have received in the nature of liquidated damages may not be ignored for purposes of the gross income tests applicable to REITs.
- Risks Related to Certain Corporate Responsibility Matters
- Increasing attention to and evolving expectations for corporate responsibility matters may increase our costs, harm our reputation, or otherwise adversely affect our business.
Legal proceedings
We are involved from time to time in litigation arising in the ordinary course of business; however, there are currently no pending legal actions that we believe would have a material adverse effect on our consolidated financial position or results of operations.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 15SEC EDGARDaniel P. Hansen, Chair
- 16SEC EDGARKerry W. Boekelheide, Chair
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- 28SEC EDGARAmina Belouizdad, Board member
- 29SEC EDGARHope S. Taitz, Board member
- 30SEC EDGARKenneth J. Kay, Board member
- 31SEC EDGARBjorn R.l. Hanson, Board member
- 32SEC EDGARDavid S. Kay, Board member
- 33SEC EDGARThomas W. Storey, Board member
- 34SEC EDGARWayne Wielgus, Board member
- 35SEC EDGARChristopher R. Eng, General counsel
- 36SEC EDGAROther events
- 37SEC EDGARFinancial statements and exhibits
- 38
- 39
- 40SEC EDGARShareholder vote
- 41SEC EDGARFinancial statements and exhibits
- 42SEC EDGARFinancial statements and exhibits
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- 44SEC EDGARFinancial statements and exhibits
- 45SEC EDGARFinancial statements and exhibits
- 46
- 47SEC EDGARShareholder vote
- 48NasdaqNasdaq calendar
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