Summit Hotel Properties, Inc. is a publicly traded real estate investment trust focused on owning premium-branded hotels with efficient operating models primarily in the Upscale segment of the lodging industry. As of February 23, 2021, the Company's portfolio consisted of 72 hotels, 67 of which are wholly owned, with a total of 11,288 guestrooms located in 23 states.

Company profile
Ticker
INN, INN+F
Exchange
Website
CEO
Daniel P. Hansen
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Summit Hotel GP, LLC • Summit Hotel OP, LP • Summit Hotel TRS, Inc • Summit Hotel TRS 147-A, Inc. • Summit Hotel TRS 148, Inc. • Summit Hotel TRS 149, Inc. • Summit Hotel TRS 150, Inc. • Summit Hotel TRS 151, Inc. • Summit Hotel TRS 152, Inc. • Summit Hotel TRS 154, Inc. ...
IRS number
272962512
INN stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Summit Hotel Properties Reports Third Quarter 2022 Results
2 Nov 22
10-Q
2022 Q3
Quarterly report
2 Nov 22
10-Q
2022 Q2
Quarterly report
2 Aug 22
8-K
Summit Hotel Properties Reports Second Quarter 2022 Results
2 Aug 22
8-K
Entry into a Material Definitive Agreement
27 Jul 22
8-K
Submission of Matters to a Vote of Security Holders
16 May 22
8-K
Termination of a Material Definitive Agreement
10 May 22
424B5
Prospectus supplement for primary offering
9 May 22
424B7
Prospectus with selling stockholder info
9 May 22
S-3ASR
Automatic shelf registration
9 May 22
Transcripts
INN
Earnings call transcript
2022 Q2
4 Aug 22
INN
Earnings call transcript
2022 Q1
4 May 22
INN
Earnings call transcript
2021 Q4
24 Feb 22
INN
Earnings call transcript
2021 Q3
6 Nov 21
INN
Earnings call transcript
2021 Q2
4 Aug 21
INN
Earnings call transcript
2021 Q1
8 May 21
INN
Earnings call transcript
2020 Q4
24 Feb 21
INN
Earnings call transcript
2020 Q3
4 Nov 20
INN
Earnings call transcript
2020 Q3
4 Nov 20
INN
Earnings call transcript
2020 Q2
8 Aug 20
Latest ownership filings
SC 13G/A
BlackRock Inc.
23 Jan 23
SC 13G
JPMORGAN CHASE & CO
13 Jan 23
4
Mehulkumar Bhikhubhai Patel
28 Nov 22
SC 13D
NewcrestImage Holdings, LLC
25 Jul 22
4
William Higgins Conkling
19 May 22
4
Thomas W. Storey
13 May 22
4
Mehulkumar Bhikhubhai Patel
13 May 22
4
Kenneth J Kay
13 May 22
4
JEFFREY W JONES
13 May 22
4
Hope S Taitz
13 May 22
Financial summary
Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
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Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 91.25 mm | 91.25 mm | 91.25 mm | 91.25 mm | 91.25 mm | 91.25 mm |
Cash burn (monthly) | 18.27 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 71.23 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 20.02 mm | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 1.1 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2022
13F holders | Current |
---|---|
Total holders | 207 |
Opened positions | 207 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 922.97 mm |
Total shares | 111.33 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 19.41 mm | $130.45 mm |
Vanguard | 15.68 mm | $105.35 mm |
NewcrestImage | 14.91 mm | $109.86 mm |
Jennison Associates | 6.70 mm | $45.00 mm |
MCQEF Macquarie | 4.98 mm | $33.50 mm |
GW&K Investment Management | 3.49 mm | $23.48 mm |
American Century Companies | 3.34 mm | $22.44 mm |
Nuveen Asset Management | 3.27 mm | $21.96 mm |
JPM JPMorgan Chase & Co. | 2.41 mm | $16.21 mm |
Victory Capital Management | 2.17 mm | $14.60 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
23 Nov 22 | Mehulkumar Bhikhubhai Patel | Common Stock | Sell | Dispose S | No | No | 8.41 | 3,000 | 25.23 k | 11,899 |
19 May 22 | William Higgins Conkling | Common Stock | Payment of exercise | Dispose F | No | No | 0 | 7,528 | 0.00 | 284,157 |
12 May 22 | Amina Belouizdad | Common Stock | Grant | Acquire A | No | No | 0 | 11,665 | 0.00 | 21,756 |
12 May 22 | Hanson Bjorn R.L. | Common Stock | Grant | Acquire A | No | No | 0 | 11,665 | 0.00 | 96,476 |
12 May 22 | Hope S Taitz | Common Stock | Grant | Acquire A | No | No | 0 | 11,665 | 0.00 | 59,965 |
News
Press releases
SUMMIT HOTEL PROPERTIES ANNOUNCES FOURTH QUARTER AND FULL YEAR 2022 EARNINGS RELEASE DATE
10 Jan 23
Glamping Goes Institutional: Summit Hotel Properties and Onera Escapes Announce Partnership with First Ever Public REIT Dedicated Glamping Investment
17 Nov 22
SUMMIT HOTEL PROPERTIES PUBLISHES 2022 CORPORATE RESPONSIBILITY REPORT
7 Nov 22
SUMMIT HOTEL PROPERTIES REPORTS THIRD QUARTER 2022 RESULTS
2 Nov 22