Summit Hotel Properties, Inc. reports news centered on its lodging real estate investment trust portfolio, operating results, dividends and capital structure. The company owns premium-branded hotel properties with efficient operating models, primarily in the upscale lodging segment, and holds substantially all assets through Summit Hotel OP, LP.
Recurring updates include quarterly earnings releases, RevPAR and demand commentary, common and preferred stock dividend declarations, operating partnership distributions, hotel sales and capital recycling, refinancing activity, credit facilities, annual meeting notices and governance matters. News also reflects portfolio activity across branded lodging assets associated with major hotel systems such as Marriott, Hilton, Hyatt and Holiday Inn.
Summit Hotel Properties (INN) appointed Mike Nieves as chief financial officer and promoted Adam Wudel to chief operating officer, effective November 1, 2026.
Both will hold executive vice president titles. Nieves joins from PENN Entertainment, where he served as senior vice president of finance and treasurer, overseeing investor relations, capital markets, financial planning and analysis, treasury, and risk management. Wudel most recently served as Summit's executive vice president of corporate development, overseeing asset management, revenue strategy, data analytics, and transaction activity. He has been with Summit for 18 years.
Summit Hotel Properties (NYSE: INN) declared a third-quarter cash dividend of $0.08 per common share and operating partnership common unit. The common dividend represents a 4.6% annualized yield based on the October 26, 2026 closing share price.
For periods ending November 30, 2026, declared payouts are $0.390625 per Series E preferred share, $0.3671875 per Series F preferred share and $0.328125 per operating partnership Series Z preferred unit. Payments are due November 30, 2026, to holders of record on November 16, 2026.
Summit Hotel Properties (INN) will report third-quarter 2026 results on November 3, 2026, after the market closes. Its quarterly conference call is scheduled for November 4 at 9:00 a.m. ET. The call will be webcast, and a replay will be available in the Investors section of the company’s website until February 1, 2027.
Summit Hotel Properties (NYSE: INN) reported second quarter 2026 net income attributable to common stockholders of $3.9 million ($0.04 per diluted share), versus a $1.6 million loss a year earlier, on total revenues of $199.0 million. Pro forma RevPAR rose 5.0% to $136.06, driven by a 7.1% ADR increase to $178.42, while occupancy declined 1.9 percentage points to 76.3%. Pro forma hotel EBITDA increased 7.8% to $72.5 million with margin expanding 88 bps to 36.4%. Adjusted EBITDAre grew 7.7% to $54.8 million and Adjusted FFO rose 6.7% to $34.9 million ($0.29 per diluted share).
The company refinanced a $650 million senior credit facility, extending maturity to 2031 and improving pricing by 20 bps, amended its $58 million Brickell mortgage to reduce the spread, and sold two Dallas hotels for $19.0 million. Year‑to‑date, INN repurchased 1.5 million shares for $6.2 million and declared a $0.08 quarterly common dividend (4.6% yield). Full‑year 2026 guidance was raised for pro forma RevPAR growth, Adjusted EBITDAre ($175–$182 million), Adjusted FFO ($95.5–$103.0 million), and Adjusted FFO per share ($0.79–$0.85).
Summit Hotel Properties (NYSE: INN) declared a second-quarter 2026 cash dividend of $0.08 per common share and common OP unit, implying an annualized yield of 4.6% based on the July 27, 2026 closing price. The Board also declared quarterly dividends of $0.390625 for its 6.25% Series E preferred stock, $0.3671875 for its 5.875% Series F preferred stock, and a distribution of $0.328125 per Series Z preferred unit for the period ending August 31, 2026. All dividends are payable on August 31, 2026 to shareholders and unitholders of record on August 17, 2026.
Summit Hotel Properties (NYSE: INN) will release its second quarter 2026 earnings on Wednesday, August 5, 2026, after market close. The company will host a conference call on August 6, 2026, at 9:00 AM ET with live webcast and replay available.
Summit Hotel Properties is a publicly traded REIT focused on premium-branded, Upscale lodging. As of July 1, 2026, its portfolio comprised 94 assets, including 52 wholly owned, totaling 14,226 guestrooms across 24 states.
Summit Hotel Properties (NYSE: INN) refinanced and upsized its senior unsecured credit facility to $650 million, including a $400 million revolver, $200 million term loan, and $50 million delayed draw term loan.
The facility now matures in June 2031, lowers pricing by 20 basis points at current leverage, extends weighted average debt maturity to about 3.7 years, and leaves only $5 million drawn on the revolver, preserving liquidity for strategic opportunities.
Summit Hotel Properties (NYSE: INN) announced that Executive Vice President and Chief Financial Officer William “Trey” Conkling will depart effective June 15, 2026, for personal reasons.
He will serve in an advisory role through September 30, 2026, while a search firm helps identify his successor and CEO Jonathan Stanner serves as principal financial officer. The Company stated his departure is not due to any disagreement over operations or financial matters.
Summit Hotel Properties (NYSE: INN) reported first quarter 2026 results with pro forma RevPAR of $126.57 (0.2% growth) and AFFO of $25.5 million or $0.21 per share. Net loss attributable to common stockholders was $10.4 million or $0.10 per diluted share.
The company agreed to sell two Dallas (Arlington South) hotels for $19.0 million, repurchased 1.4 million shares for $6.0 million, and said unrestricted cash is $34.8 million with no debt maturities until 2028.
Summit Hotel Properties (NYSE: INN) declared cash dividends for the quarter ended March 31, 2026. The common dividend is $0.08 per share (annualized yield 6.8% based on the April 22, 2026 close). Preferred and OP unit distributions for periods ending May 31, 2026 were also declared. Dividends and distributions are payable May 29, 2026 to holders of record as of May 15, 2026.
Key dividend rates: Series E preferred $0.390625 per share; Series F preferred $0.3671875 per share; Series Z OP units $0.328125 per unit.