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Summit Hotel Properties (INN) Asset Writedowns and Impairment (2018 - 2023)

Historic Asset Writedowns and Impairment for Summit Hotel Properties (INN) over the last 9 years, with Q2 2023 value amounting to $250000.0.

  • Summit Hotel Properties' Asset Writedowns and Impairment rose 20000.0% to $250000.0 in Q2 2023 from the same period last year, while for Jun 2023 it was $10.4 million, marking a year-over-year increase of 15108.43%. This contributed to the annual value of $6.7 million for FY2024, which is 5964.83% down from last year.
  • Latest data reveals that Summit Hotel Properties reported Asset Writedowns and Impairment of $250000.0 as of Q2 2023, which was up 20000.0% from $10.4 million recorded in Q4 2022.
  • Summit Hotel Properties' Asset Writedowns and Impairment's 5-year high stood at $10.4 million during Q4 2022, with a 5-year trough of -$250000.0 in Q2 2022.
  • Its 5-year average for Asset Writedowns and Impairment is $2.1 million, with a median of $836000.0 in 2019.
  • Per our database at Business Quant, Summit Hotel Properties' Asset Writedowns and Impairment crashed by 9616.9% in 2021 and then surged by 2661794.87% in 2022.
  • Over the past 5 years, Summit Hotel Properties' Asset Writedowns and Impairment (Quarter) stood at $836000.0 in 2019, then grew by 21.77% to $1.0 million in 2020, then plummeted by 96.17% to $39000.0 in 2021, then soared by 26617.95% to $10.4 million in 2022, then plummeted by 97.6% to $250000.0 in 2023.
  • Its last three reported values are $250000.0 in Q2 2023, $10.4 million for Q4 2022, and -$250000.0 during Q2 2022.