Summit Hotel Pptys Inc SEC Filings

Summit Hotel Properties, Inc. director reported an insider transaction in the company’s common stock. On 12/18/2025, the director sold 10,000 shares of common stock at $5.12 per share.

After this sale, the director directly owned 73,393 shares of common stock and had indirect beneficial ownership of 469,295 shares through Sagestar Family, LLC. The filing notes these shares were issued to an entity partially owned by the reporting person, who disclaims beneficial ownership except to the extent of his pecuniary interest in them.

Summit Hotel Properties, Inc. reports that on December 17, 2025 its operating and joint venture entities entered into four amendments to existing credit agreements with Bank of America and Regions Bank. These amendments apply to a delayed draw term loan, a joint venture credit facility, a 2024 term loan and the main operating partnership credit facility.

The company states that, under these amendments, the interest payable on each facility has been reduced by removing a 0.10% credit spread adjustment to the term SOFR rate. This change lowers the borrowing cost across the affected loans while keeping the existing structures and counterparties in place.

Summit Hotel Properties, Inc. filed a Form 8‑K announcing that it furnished a press release with consolidated operating results for the three and nine months ended September 30, 2025. The company also referred to third‑quarter 2025 supplemental financial information available on its website.

The press release and the supplemental data were furnished as Exhibit 99.1 and Exhibit 99.2, respectively, under Item 2.02 and are not deemed “filed” for liability purposes under the Exchange Act. The filing lists the company’s NYSE‑traded securities: common stock (INN), 6.25% Series E preferred (INN‑PE), and 5.875% Series F preferred (INN‑PF).

Summit Hotel Properties (INN) filed its Q3 2025 10‑Q, reporting total revenue of $177.1 million, essentially flat year over year. Higher operating costs and interest expense drove a net loss attributable to common stockholders of $11.3 million for the quarter, compared with a $4.3 million loss a year ago. For the nine-month period, revenue was $554.5 million and the company posted a $17.6 million net loss versus $24.5 million net income in 2024.

Cash from operations was $120.5 million year to date. Balance sheet highlights include $2.85 billion in total assets, $1.42 billion of debt (net), and $875.8 million in stockholders’ equity as of September 30, 2025. INN is pruning the portfolio: assets held for sale were $31.5 million at quarter-end. The GIC joint venture closed the sale of Courtyard by Marriott in Amarillo, TX in October 2025, and the company sold a Courtyard by Marriott in Kansas City, MO in October 2025, with gains of approximately $4.2 million and $2.5 million, respectively, to be recognized in Q4 2025. The weighted‑average borrowing rate after swaps was 4.91%, and fixed‑rate debt (including swaps) represented 69% of total borrowings. INN also closed a $275 million delayed draw term loan in March 2025 to address the $287.5 million convertible notes maturing in February 2026.

Summit Hotel Properties, Inc. is reported to have 9,400,000 shares beneficially owned by Long Pond-related reporting persons, representing 8.38% of the outstanding common stock. The filings show shared voting and shared dispositive power for all 9.4 million shares and no sole voting or dispositive power, indicating the holders act collectively rather than individually. The reporting parties are Long Pond Capital, LP; Long Pond Capital GP, LLC; and John Khoury, each organized or resident as stated in the filing, and are classified by the filer using the provided codes. The statement includes a certification that the shares were acquired and are held in the ordinary course of business and are not held for the purpose of changing or influencing control of the issuer.

State Street Corporation reports beneficial ownership of 4,922,579 shares of Summit Hotel Properties, representing 4.4% of the company's common stock. The filing shows shared voting power of 4,533,490, shared dispositive power of 4,922,579, and no sole voting or dispositive power. The reporting person is classified as HC and the statement indicates the ownership is 5 percent or less of the class.

Certain State Street affiliates identified in the schedule are listed as investment advisers through which the position is held. The filing includes a certification that the securities are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.