v3.25.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues:    
Total revenues $ 184,478 $ 188,142
Expenses:    
Property taxes, insurance and other 13,311 14,285
Management fees 4,495 4,897
Depreciation and amortization 37,230 36,799
Corporate general and administrative 8,571 8,311
Total expenses 164,652 164,728
Gain on disposal of assets, net 1 75
Operating income 19,827 23,489
Other income (expense):    
Interest expense (19,956) (21,582)
Interest income 276 458
Other income, net 1,230 685
Total other expense, net (18,450) (20,439)
Income from continuing operations before income taxes 1,377 3,050
Income tax expense (Note 13) (754) (217)
Net income 623 2,833
Less - Income attributable to non-controlling interests 680 322
Net (loss) income attributable to Summit Hotel Properties, Inc. before preferred dividends (57) 2,511
Less - Distributions to and accretion of redeemable non-controlling interests (657) (657)
Less - Preferred dividends (3,970) (3,970)
Net loss attributable to common stockholders $ (4,684) $ (2,116)
Loss per common share:    
Basic (in dollars per share) $ (0.04) $ (0.02)
Diluted (in dollars per share) $ (0.04) $ (0.02)
Weighted-average common shares outstanding:    
Basic (in shares) 108,008 105,720
Diluted (in shares) 108,008 105,720
Room    
Revenues:    
Total revenues $ 163,731 $ 167,431
Expenses:    
Cost of goods and services sold 36,132 35,973
Food and beverage    
Revenues:    
Total revenues 10,990 10,833
Expenses:    
Cost of goods and services sold 7,991 8,202
Other    
Revenues:    
Total revenues 9,757 9,878
Expenses:    
Cost of goods and services sold $ 56,922 $ 56,261