Jennison Reports 11.65M-Share Stake in Summit Hotel Properties (NYSE: INN)

Rhea-AI Filing Summary

Summit Hotel Properties Inc disclosed an amended Schedule 13G showing Jennison Associates LLC beneficially owns 11,653,415 shares, representing 10.8% of the class as of 06/30/2026. The filing states Jennison has sole voting power over 11,653,415 shares and shared dispositive power over 11,653,415 shares.

This amendment restates ownership and voting/dispositive allocations for the reporting person; timing and cash-flow treatment are not part of the excerpt.

Insights

Institutional Ownership Analyst

Jennison reports a 10.8% stake with sole voting control over its holdings.

Jennison Associates LLC is listed as beneficial owner of 11,653,415 shares of Summit Hotel Properties Inc (REIT), with sole voting power of the same amount and shared dispositive power of 11,653,415. The filing is an amendment to a Schedule 13G.

Concentration at >10% can affect governance visibility; subsequent filings may disclose any transactions or changes. The excerpt shows the reporting address and officer signature dated 07/02/2026.

Key Figures

Beneficial ownership: 11,653,415 shares Percent of class: 10.8% Sole voting power: 11,653,415 shares +1 more

4 metrics

Beneficial ownership 11,653,415 shares Amount beneficially owned declared in the Schedule 13G/A

Percent of class 10.8% Percent of class reported as of 06/30/2026

Sole voting power 11,653,415 shares Shares over which Jennison has sole power to vote

Shared dispositive power 11,653,415 shares Shares over which Jennison has shared power to dispose

Key Terms

Schedule 13G/A, beneficially owned, sole voting power

3 terms

Schedule 13G/A regulatory

"Amendment No. 2 SUMMIT HOTEL PROPERTIES INC SCHEDULE 13G/A"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

beneficially owned financial

"Item 4. Ownership (a) Amount beneficially owned: 11653415"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

sole voting power governance

"Sole power to vote or to direct the vote: 11653415"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

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Available on EDGAR 07/02/2026 - 03:03 PM Accepted by SEC EDGAR 07/02/2026 - 03:03 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

SUMMIT HOTEL PROPERTIES INC

(Name of Issuer)

REIT

(Title of Class of Securities)

866082100

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 866082100

1

Names of Reporting Persons

Jennison Associates LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 11,653,415.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 11,653,415.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

11,653,415.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

10.8 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: SUMMIT HOTEL PROPERTIES INC
(b)	Address of issuer's principal executive offices: 13215 Bee Cave Parkway, Suite B-300, Austin, TX 78738
Item 2.
(a)	Name of person filing: Jennison Associates LLC
(b)	Address or principal business office or, if none, residence: 55 East 52nd Street, New York, NY 10055
(c)	Citizenship: USA
(d)	Title of class of securities: REIT
(e)	CUSIP No.: 866082100
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 11653415
(b)	Percent of class: 10.8 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 11653415
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 11653415
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Jennison Associates LLC

Signature:	Beata Markowicz
Name/Title:	Senior Vice President, Compliance
Date:	07/02/2026

FAQ

What stake does Jennison Associates report in Summit Hotel Properties (INN)?

Jennison Associates reports beneficial ownership of 11,653,415 shares, equal to 10.8% of the class as of 06/30/2026. The filing is an amended Schedule 13G/A signed on 07/02/2026 and lists voting/dispositive powers.

Does Jennison Associates have voting or dispositive power over INN shares?

The filing states Jennison has sole voting power over 11,653,415 shares and shared dispositive power over 11,653,415 shares. Those allocations are declared in the Schedule 13G/A amendment.

What type of SEC filing reports this ownership change for INN?

This ownership disclosure is an amended Schedule 13G/A, a passive investor filing that reports beneficial ownership and voting/dispositive powers for holdings exceeding reporting thresholds.

Who signed the amended Schedule 13G/A for Jennison Associates?

Beata Markowicz, Senior Vice President, Compliance, signed the amendment on 07/02/2026. The filing lists Jennison's address as 55 East 52nd Street, New York, NY.

Is the 11,653,415-share figure the number of shares outstanding for INN?

The figure 11,653,415 is Jennison's beneficial ownership amount, representing 10.8% of the class as stated in the filing; the filing does not state total shares outstanding in the provided excerpt.