BlackRock (INN) holds 8.68M shares of Summit Hotel Properties (8.0%)
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary
BlackRock, Inc. reports beneficial ownership of 8,680,390 shares (8.0%) of Summit Hotel Properties, Inc., as of 03/31/2026. The Schedule 13G/A discloses BlackRock's sole voting power of 8,537,614 shares and sole dispositive power of 8,680,390 shares. The filing notes multiple underlying holders may have rights to dividends or sale proceeds.
Positive
- None.
Negative
- None.
Key Figures
Beneficial ownership: 8,680,390 shares
Percent of class: 8.0%
Sole voting power: 8,537,614 shares
+2 more
5 metrics
Beneficial ownership
8,680,390 shares
Amount beneficially owned as of <date>03/31/2026</date>
Percent of class
8.0%
Percent of common stock beneficially owned
Sole voting power
8,537,614 shares
Number of shares with sole power to vote
Sole dispositive power
8,680,390 shares
Number of shares with sole power to dispose
CUSIP
866082100
CUSIP for Summit Hotel Properties common stock
Key Terms
Beneficial ownership, Schedule 13G/A, Sole dispositive power, Sole voting power
4 terms
Beneficial ownership regulatory
"this reflects the securities beneficially owned, or deemed to be beneficially owned"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Schedule 13G/A regulatory
"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.
Sole dispositive power regulatory
"Sole power to dispose or to direct the disposition of: 8680390"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
Sole voting power regulatory
"Sole power to vote or to direct the vote: 8537614"
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.
FAQ
What voting and dispositive powers does BlackRock hold in INN?
BlackRock reports sole voting power for 8,537,614 shares and sole dispositive power for 8,680,390 shares. The Schedule 13G/A breaks down the specific counts for voting and disposition authority.
Does the filing show BlackRock controls more than 5% of INN?
Yes. The filing states BlackRock beneficially owns 8.0% of the common stock, exceeding the 5% threshold that requires disclosure under applicable SEC rules.
Are other parties identified as having rights to INN dividends or proceeds?
The filing states various persons have the right to receive dividends or sale proceeds, and no single outside person is reported to hold more than 5% of the outstanding common shares.