Every 8-K that Summit Hotel Properties, Inc. (INN) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow INN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full INN filings page.
Summit Hotel Properties, Inc. entered an equity distribution agreement allowing offers and sales of its common stock with an aggregate gross sales price of up to $200,000,000. Shares may be sold from time to time through multiple financial institutions as sales agents, principals and/or forward sellers in transactions deemed “at-the-market offerings” under Rule 415.
Each manager may receive a commission of up to 2.0% of the gross sales price on shares sold as agent, with a similar cap for forward sales via reductions to the forward price. Forward purchasers are expected to borrow and sell shares to hedge their exposure; all net proceeds from those borrowed shares go to the forward purchasers, not the company. The company intends to contribute net proceeds it does receive to its operating partnership to fund general business and working capital needs, including hotel acquisitions, repayment of indebtedness, capital improvements to hotels and other general corporate purposes.
Summit Hotel Properties, Inc. reported a return to profit in second-quarter 2026 and raised its full-year outlook. Net income attributable to common stockholders was $3.9 million, or $0.04 per diluted share, versus a net loss of $1.6 million, or $0.02 per share, a year earlier. Total revenues rose to $199.0 million from $192.9 million, and operating income increased 27.3% to $28.9 million.
On a pro forma basis, second-quarter RevPAR increased 5.0% to $136.06, driven by a 7.1% rise in ADR to $178.42, while occupancy eased to 76.3%. Pro forma hotel EBITDA grew 7.8% to $72.5 million, with margins expanding 88 basis points to 36.4%. Adjusted EBITDAre increased 7.7% to $54.8 million, and Adjusted FFO rose to $34.9 million, or $0.29 per diluted share and unit.
The company refinanced a $650 million senior credit facility, extending its fully extended maturity to June 2031 and improving pricing by 20 basis points, and reduced the spread on its $58 million Brickell mortgage loan. It sold two Dallas hotels for $19.0 million and, since 2023, has sold or contracted to sell 15 hotels for approximately $219 million at a blended 4.7% capitalization rate. During the first half of 2026 it repurchased 1.5 million shares for $6.2 million, declared a quarterly common dividend of $0.08 per share, and now forecasts 2026 Adjusted EBITDAre of $175–182 million, Adjusted FFO of $95.5–103.0 million, and pro forma RevPAR growth of 1.75–3.25%.
Summit Hotel Properties, Inc. entered into a new $650 million senior unsecured credit facility through its operating partnership, replacing its prior agreement. The facility includes a $400 million revolving credit line, a $200 million term loan, and a $50 million delayed draw term loan.
The revolver matures on June 29, 2030 and can be extended to June 29, 2031, while the term loans mature on June 29, 2031. The agreement has an accordion feature that can increase total commitments to $900 million, subject to lender consent and customary conditions. Pricing is based on SOFR or a base rate plus leverage-based margins and includes quarterly fees on unused commitments.
The facility is unsecured and supported by guarantees from the company and subsidiaries that own or lease qualifying unencumbered hotel assets. As of signing, 52 hotel properties were in the unencumbered pool, and the company must maintain at least 20. The agreement includes leverage, net worth, coverage, and secured debt covenants, plus customary default provisions.
Summit Hotel Properties, Inc. announced that Executive Vice President and Chief Financial Officer William “Trey” Conkling will leave the company effective June 15, 2026 for personal reasons. The company states his departure is not due to any disagreement over operations, policies, accounting, or financial reporting.
Under a Separation and Consulting Agreement, Mr. Conkling will provide consulting and transition services from June 16, 2026 through September 30, 2026, receiving a consulting fee of $25,000 per month. He will not receive severance beyond accrued obligations and this consulting fee, and any unvested equity awards as of the effective date will be forfeited.
The agreement requires a general release of claims and shortens his noncompete restriction from twelve to six months after employment ends, while other restrictive covenants remain in place. President and Chief Executive Officer Jonathan Stanner will also serve as principal financial officer starting June 15, 2026, without additional compensation, while a search firm is engaged to find a new CFO.
Summit Hotel Properties, Inc. reported the results of its Annual Meeting of Stockholders. A total of 93,766,794 common shares were represented in person or by proxy, equal to 86.18% of shares outstanding as of the March 6, 2026 record date, indicating strong participation. Stockholders elected eight directors to the board, each to serve until the 2027 annual meeting and until a successor is duly elected and qualified. They also ratified the appointment of Ernst & Young LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026. In addition, stockholders approved, on an advisory and non-binding basis, the compensation of the company’s named executive officers.
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 reported weaker fourth-quarter and full-year 2025 results and issued a cautious 2026 outlook. Q4 net loss attributable to common stockholders was $6.0 million, or $0.06 per diluted share, versus net income of $0.7 million a year earlier, as same-store RevPAR fell 1.6% to $115.34 and hotel EBITDA margins compressed more than 200 basis points on both a pro forma and same-store basis.
For 2025, the company posted a net loss of $23.6 million, or $0.22 per diluted share, compared with net income of $25.1 million in 2024. Same-store RevPAR declined 1.8% to $121.73, Adjusted EBITDAre decreased to $174.8 million from $192.2 million, and Adjusted FFO fell to $103.6 million, or $0.85 per diluted share and unit, from $119.2 million, or $0.96.
Management highlighted capital recycling and balance sheet moves, including selling three non-core hotels for a combined $51.3 million at low- to mid-single-digit capitalization rates and using a $275.0 million delayed draw term loan and the revolver to repay $287.5 million of convertible notes, leaving no debt maturities until 2028 and pro rata debt of $1.1 billion at a 4.48% effective rate, with 77% fixed via swaps. The portfolio stood at 94 assets as of February 25, 2026, and the company declared a quarterly common dividend of $0.08 per share while guiding 2026 pro forma RevPAR growth between 0% and 3%, Adjusted EBITDAre of $167.0–$181.0 million, and Adjusted FFO of $89.0–$103.5 million, or $0.73–$0.85 per share and unit.
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).