v3.26.3
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues:        
Total revenues $ 185,706 $ 177,117 $ 569,778 $ 554,512
Expenses:        
Property taxes, insurance and other 13,638 14,106 41,093 41,123
Management fees 3,844 3,142 12,431 12,048
Depreciation and amortization 36,108 37,634 109,295 112,123
Corporate general and administrative 8,131 7,845 24,391 24,696
Loss on write-down of assets 0 0 3,641 0
Total expenses 169,514 168,477 510,664 503,282
Gain (loss) on disposal of assets, net 142 (57) 236 (136)
Operating income 16,334 8,583 59,350 51,094
Other income (expense):        
Interest expense (21,926) (20,676) (64,444) (61,260)
Interest income 340 259 887 836
Other income (expense), net 949 (278) 3,188 1,810
Total other expense, net (20,637) (20,695) (60,369) (58,614)
Loss from continuing operations before income taxes (4,303) (12,112) (1,019) (7,520)
Income tax (expense) benefit (Note 13) (880) 352 (342) (1,580)
Net loss (5,183) (11,760) (1,361) (9,100)
Less - Loss attributable to non-controlling interests (2,152) (5,083) (1,008) (5,379)
Net loss attributable to Summit Hotel Properties, Inc. before preferred dividends (3,031) (6,677) (353) (3,721)
Less - Distributions to and accretion of redeemable non-controlling interests (656) (656) (1,970) (1,970)
Less - Preferred dividends (3,968) (3,968) (11,906) (11,906)
Net loss attributable to common stockholders $ (7,655) $ (11,301) $ (14,229) $ (17,597)
Loss per common share:        
Basic (in dollars per share) $ (0.07) $ (0.11) $ (0.14) $ (0.17)
Diluted (in dollars per share) $ (0.07) $ (0.11) $ (0.14) $ (0.17)
Weighted-average common shares outstanding:        
Basic (in shares) 104,856 105,889 105,112 107,169
Diluted (in shares) 104,856 105,889 105,112 107,169
Room        
Revenues:        
Total revenues $ 163,166 $ 156,323 $ 501,867 $ 490,653
Expenses:        
Cost of goods and services sold 39,201 38,958 114,900 114,256
Food and beverage        
Revenues:        
Total revenues 10,321 10,017 32,879 32,202
Expenses:        
Cost of goods and services sold 8,141 8,217 25,141 24,596
Other        
Revenues:        
Total revenues 12,219 10,777 35,032 31,657
Expenses:        
Cost of goods and services sold $ 60,451 $ 58,575 $ 179,772 $ 174,440