Summit Hotel Properties, Inc. (NYSE: INN)

Summit Hotel Properties, Inc. is a self managed lodging property investment company that owns and acquires hotels across the United States. The company focuses on properties with efficient operating models that generate strong margins and investment returns. At the end of 2025 it held 95 lodging properties with 14,347 guestrooms located in 24 states, with most assets in major metropolitan areas and operating under premium franchise brands such as Marriott, Hilton, Hyatt and IHG.

Summit Hotel Properties, Inc. generates revenue primarily by leasing its lodging properties to taxable REIT subsidiaries which then engage third party property management companies to operate the hotels. The company collects rent from these leases and also earns fees for providing asset management services to its joint venture partners, including potential incentive fees when the joint ventures achieve predetermined return thresholds.

The company operates through the following segment:

• Lodging Property Investment. This segment encompasses the acquisition ownership and leasing of lodging properties, the focus on upscale hotels with efficient operating models, the leasing of properties to taxable REIT subsidiaries, and the generation of rental income and joint venture fees.

Summit Hotel Properties, Inc. holds a competitive position within the lodging REIT sector by concentrating on upscale limited service hotels that benefit from strong brand loyalty programs and lower capital requirements than full service hotels. Its peers include other hotel REITs such as Host Hotels & Resorts, Apple Hospitality REIT and Park Hotels & Resorts, and the company differentiates itself through a disciplined acquisition strategy, a focus on top metropolitan markets, and its joint venture structures that provide additional capital and fee income.

The company serves a diverse customer base that includes business transient travelers, group conference attendees, leisure vacationers and government personnel who stay at its upscale branded hotels.