Welcome to our dedicated page for Summit Hotel Pptys news (Ticker: INN), a resource for investors and traders seeking the latest updates and insights on Summit Hotel Pptys stock.
Summit Hotel Properties, Inc. (NYSE: INN), a real estate investment trust specializing in premium-branded upscale hotels, provides investors and industry observers with critical updates through this centralized news hub. This page aggregates official press releases, financial disclosures, and market analyses related to the company’s portfolio management and lodging sector activities.
Users gain streamlined access to essential updates including quarterly earnings reports, asset acquisition announcements, and operational strategy shifts. The curated collection serves analysts tracking REIT performance metrics and hospitality professionals monitoring industry consolidation trends.
Content spans capital recycling initiatives, brand partnership developments, and geographic expansion updates, reflecting Summit’s focus on high-quality urban lodging assets. Bookmark this resource for efficient tracking of the company’s evolving position within the competitive hotel REIT landscape.
Summit Hotel Properties (NYSE: INN) reported third-quarter 2025 results on Nov 4, 2025, highlighting portfolio stability but near-term pressure from reduced government demand and slower international travel.
Key metrics: Q3 net loss of $11.3M (−$0.11 per diluted share); same-store RevPAR down 3.7% to $115.77; pro forma RevPAR down 4.2% to $116.57; Adjusted FFO of $21.3M ($0.17 per diluted share). The company sold two hotels for $39.0M at a blended 4.3% cap rate (Oct 2025) and completed a $400M GIC joint-venture term loan refinancing at SOFR+235bps, lowering prior spread by 50bps.
Balance sheet: unrestricted cash $33.8M, total liquidity >$280M, and no debt maturities until 2028 on an effective basis. Dividend: common quarterly cash dividend $0.08/share payable Nov 28, 2025.
Summit Hotel Properties (NYSE: INN) declared cash dividends for the third quarter ended September 30, 2025. The Board authorized a $0.08 per common share dividend, representing an annualized yield of 6.1% based on the October 30, 2025 close. The Board also declared preferred and partnership distributions: $0.390625 per share on 6.25% Series E preferred, $0.3671875 per share on 5.875% Series F preferred, and $0.328125 per unit on the operating partnership's 5.25% Series Z units for the period ending November 30, 2025. All dividends are payable on November 28, 2025 to holders of record as of November 14, 2025.
Summit Hotel Properties (NYSE:INN), a real estate investment trust specializing in premium-branded lodging facilities, has scheduled its Q3 2025 earnings release for November 4, 2025, after market close. The company will host its quarterly conference call on November 5, 2025, at 9:00 AM ET.
The company's current portfolio encompasses 97 assets across 25 states, including 53 wholly-owned properties, with a total of 14,577 guestrooms. Summit Hotel Properties focuses on upscale segment properties with efficient operating models.
Summit Hotel Properties (NYSE: INN) reported its Q2 2025 results, with net loss of $1.6 million ($0.02 per share) compared to net income of $30.8 million in Q2 2024. Key financial metrics showed declines, with pro forma RevPAR decreasing 3.8% to $128.79 and Adjusted FFO falling to $32.7 million ($0.27 per share) from $36.4 million ($0.29 per share) year-over-year.
The company executed several strategic initiatives, including repurchasing 3.6 million shares for $15.4 million at $4.30 per share and completing two significant debt financings. These include a $400 million senior unsecured term loan and a $58 million mortgage loan for its Miami Brickell property, effectively extending debt maturities to 2028.
Despite challenging operating conditions, Summit maintained strong market share with a RevPAR index of 115% and controlled operating expenses with just a 1.5% year-to-date increase. The company also completed an expansion of its Onera Fredericksburg property, adding 23 luxury units.
Summit Hotel Properties (NYSE:INN) has declared its second quarter 2025 dividends. The company announced a cash dividend of $0.08 per share of common stock and per common unit, representing an annualized dividend yield of 6.1% based on July 31, 2025 closing price.
Additionally, the company declared preferred stock dividends of $0.390625 per share for Series E (6.25%) and $0.3671875 per share for Series F (5.875%). The operating partnership's Series Z Preferred Units will receive $0.328125 per unit. All dividends will be paid on August 29, 2025 to holders of record as of August 15, 2025.
Summit Hotel Properties (NYSE:INN), a real estate investment trust specializing in premium-branded lodging facilities, has scheduled its Q2 2025 earnings release for August 5, 2025, after market close. The company will host its quarterly conference call on August 6, 2025, at 9:00 AM ET.
Summit Hotel Properties currently operates 97 assets across 25 states, including 53 wholly-owned properties, with a total of 14,556 guestrooms. The company focuses on upscale segment properties with efficient operating models.
Summit Hotel Properties reported mixed Q1 2025 results with same-store RevPAR increasing 1.5% to $126.26. The company secured a significant $275 million delayed draw term loan to refinance convertible notes due February 2026, effectively eliminating debt maturity risk until 2027.
Key financial metrics showed some pressure, with net loss increasing to $4.7 million ($0.04 per share) compared to $2.1 million loss in Q1 2024. Pro forma hotel EBITDA decreased 1.3% to $65.6 million, with margins contracting 48 basis points to 35.6%.
Notable developments include a newly authorized $50 million share repurchase program and the completion of Courtyard Oceanside Fort Lauderdale Beach renovation. The company maintains a strong balance sheet with $1.1 billion in outstanding debt at 4.63% average interest rate and total liquidity of approximately $310 million.
Summit Hotel Properties (NYSE: INN) has declared its first quarter 2025 dividends. The company announced a cash dividend of $0.08 per share of common stock and per common unit of partnership interest, representing an annualized dividend yield of 8.2% based on April 23, 2025 closing price.
The company also declared preferred stock dividends:
- $0.390625 per share for 6.25% Series E Cumulative Redeemable Preferred Stock
- $0.3671875 per share for 5.875% Series F Cumulative Redeemable Preferred Stock
- $0.328125 per unit for 5.25% Series Z Cumulative Perpetual Preferred Units
All dividends are payable on May 30, 2025, to holders of record as of May 16, 2025.
Summit Hotel Properties (NYSE: INN) has secured a new $275 million senior unsecured term loan with a maturity date of March 2030, including two one-year extension options. The loan will primarily be used to repay the company's outstanding $287.5 million 1.50% Convertible Senior Notes due in February 2026.
The Term Loan features a delayed draw option through March 1, 2026, allowing the company to maintain the 1.50% interest rate on existing notes. Pricing ranges from 135 to 235 basis points over adjusted Term SOFR rate, with initial pricing at SOFR plus 190 basis points. An accordion feature allows for up to $50 million in additional commitments.
Following this refinancing, Summit's average debt maturity extends to nearly four years, with no significant debt maturities until 2027. The company maintains approximately $320 million of pro rata total liquidity and roughly 77% pro rata fixed interest rate debt and preferred equity capital.
Summit Hotel Properties (NYSE: INN) has scheduled its first quarter 2025 financial results announcement for Wednesday, April 30, 2025, after market close. The company will host a conference call to discuss the results on Thursday, May 1, 2025, at 9:00 AM ET.
Summit Hotel Properties is a real estate investment trust specializing in premium-branded lodging facilities in the upscale segment. As of March 26, 2025, the company's portfolio comprises 97 assets, including 53 wholly-owned properties, with a total of 14,554 guestrooms across 25 states.
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