[SCHEDULE 13G] Summit Hotel Properties, Inc. SEC Filing

Rhea-AI Filing Summary

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.

Positive

• Material stake disclosed: 9,400,000 shares representing 8.38% of the class, exceeding the 5% reporting threshold
• Passive intent certified: Filing states shares are held in the ordinary course of business and not to change or influence control

Negative

• No sole voting or dispositive power: Reporting persons report 0 shares of sole voting or sole dispositive power
• Beneficial holders not itemized: The filing indicates certain funds advised by Long Pond may have rights but does not identify specific underlying investors

Insights

Financial Analyst

TL;DR: A disclosed 8.38% position is material but certified as passive, limiting immediate control implications.

The Schedule 13G shows Long Pond-affiliated entities and John Khoury collectively hold 9.4 million shares, equal to 8.38% of Summit Hotel Properties' common stock, with shared voting and dispositive power and no sole control. For investors, a >5% stake is material because it represents a meaningful ownership block and may influence liquidity and market interest; however, the filer’s certification that the position is held in the ordinary course and not to influence control signals a passive intent under the 13G framework rather than an activist posture.

Corporate Governance Expert

TL;DR: The filing documents a significant coordinated holding but affirms a passive stance, reducing immediate governance risks.

The disclosure of shared voting/dispositive power across Long Pond entities and John Khoury suggests coordinated decision-making rights over the 9.4 million shares. The certification accompanying the filing states these shares are not held to change or influence issuer control, which is consistent with a 13G passive filer profile. From a governance perspective, the position is material and merits monitoring, but the filing provides no indication of impending board or control actions.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

SUMMIT HOTEL PROPERTIES, INC.

(Name of Issuer)

Common Stock, $0.01 par value

(Title of Class of Securities)

866082100

(CUSIP Number)

06/30/2025

(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)

SCHEDULE 13G

CUSIP No. 866082100

1

Names of Reporting Persons

Long Pond Capital, LP

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 0.00
6	Shared Voting Power 9,400,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 9,400,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

9,400,000.00

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)

8.38 %

12

Type of Reporting Person (See Instructions)

IA, PN

SCHEDULE 13G

CUSIP No. 866082100

1

Names of Reporting Persons

Long Pond Capital GP, 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 0.00
6	Shared Voting Power 9,400,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 9,400,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

9,400,000.00

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)

8.38 %

12

Type of Reporting Person (See Instructions)

HC, OO

SCHEDULE 13G

CUSIP No. 866082100

1

Names of Reporting Persons

John Khoury

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

NEW BRUNSWICK, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 9,400,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 9,400,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

9,400,000.00

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)

8.38 %

12

Type of Reporting Person (See Instructions)

HC, IN

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: Long Pond Capital, LP ("Long Pond LP") Long Pond Capital GP, LLC ("Long Pond LLC") John Khoury ("Mr. Khoury")
(b)	Address or principal business office or, if none, residence: 527 Madison Avenue, 15th Floor, New York, NY 10022
(c)	Citizenship: Long Pond LP is a limited partnership organized under the laws of the State of Delaware. Long Pond LLC is a limited liability company organized under the laws of the State of Delaware. Mr. Khoury is the principal of Long Pond LP and is a Canadian citizen.
(d)	Title of class of securities: Common Stock, $0.01 par value
(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: 9,400,000
(b)	Percent of class: 8.38%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 9,400,000
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 9,400,000
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Certain funds to which Long Pond LP serves as investment manager have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein.
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.

Long Pond Capital, LP

Signature:	John Khoury
Name/Title:	John Khoury | Authorized Person
Date:	08/13/2025

Long Pond Capital GP, LLC

Signature:	John Khoury
Name/Title:	John Khoury | Authorized Person
Date:	08/13/2025

John Khoury

Signature:	John Khoury
Name/Title:	John Khoury | Self
Date:	08/13/2025

FAQ

What stake did Long Pond report in Summit Hotel Properties (INN)?

Long Pond-related filers reported beneficial ownership of 9,400,000 shares, equal to 8.38% of the common stock.

Do the reporting persons have voting control over the shares of INN?

The filing shows shared voting power of 9,400,000 shares and 0 shares of sole voting power, indicating no sole voting control.

Who filed the Schedule 13G for INN?

The filing was made by Long Pond Capital, LP, Long Pond Capital GP, LLC, and John Khoury.

Is the 13G filing indicating activist intent for INN?

No. The statement includes a certification that the securities are held in the ordinary course of business and not to change or influence control.

What classification codes are shown for the reporting persons in the INN filing?

The filing lists classification codes such as IA and PN for Long Pond Capital, LP and codes like HC, OO, and IN for other reporting persons as provided in the document.