Summit Hotel Properties, Inc. (Inn): Business Model Canvas [Jan-2025 Mis à jour]

Plongez dans le monde dynamique de Summit Hotel Properties, Inc. (Inn), un Powerhouse Real Estate Investment Trust transformant le paysage de l'hôtellerie avec son approche innovante. Se vantant d'un 338-hotel portefeuille couvrant 41 États, Cette entreprise stratégique tire parti des techniques de gestion de pointe et des partenariats stratégiques pour offrir une valeur exceptionnelle aux investisseurs. Des propriétés de service sélectionné de haute qualité aux modèles de génération de revenus sophistiqués, les propriétés hôtelières du sommet représentent une intersection convaincante de l'investissement immobilier, de l'expertise hôtelière et des performances financières qui promet de captiver à la fois des professionnels de l'industrie et des investisseurs avisés à la recherche d'opportunités solides dans le constructeur en constante évolution et à la recherche de toujours en constante évolution dans les opportunités solides dans le toujours évolutif en constante évolution et en constante évolution dans la constatation en constante évolution de la constatation en constante évolution et en constatation Marché immobilier de l'hôtel.

Summit Hotel Properties, Inc. (Inn) - Modèle commercial: partenariats clés

Partenariats de fiducies de placement immobilier (FPI)

Summit Hotel Properties, Inc. fonctionne comme un REIT spécialisé dans la propriété de l'hôtel. Au quatrième trimestre 2023, la société possédait 76 hôtels avec 11 245 salles au total aux États-Unis.

Type de partenariat REIT	Nombre de partenariats	Valeur totale de la propriété
Collaborations institutionnelles de REIT	12	1,42 milliard de dollars
Investissements privés de FPI	8	620 millions de dollars

Accords de franchise de marque d'hôtel

Summit Hotel Properties maintient des partenariats de franchise stratégiques avec les grandes marques hôtelières.

• Marriott International: 28 propriétés
• Hilton Worldwide: 22 propriétés
• Hyatt Hotels Corporation: 16 propriétés
• Autres marques: 10 propriétés

Partenariats de gestion immobilière

Entreprise de gestion	Nombre de propriétés gérées	Frais de gestion annuels
Hôtels HEI & Stations balnéaires	22	8,3 millions de dollars
Services d'hébergement blanc	18	6,7 millions de dollars

Relations de promoteurs immobiliers commerciaux

Summit Hotel Properties collabore avec plusieurs promoteurs immobiliers commerciaux pour les acquisitions et développements de propriétés stratégiques.

• Partenariats totaux des développeurs: 15
• Nouveaux développements immobiliers en 2023: 4
• Investissement total dans les nouveaux développements: 187 millions de dollars

Partenariats des investisseurs institutionnels

Catégorie d'investisseurs	Investissement total	Pourcentage de propriété
Investisseurs institutionnels	624 millions de dollars	68%
Sociétés de capital-investissement	276 millions de dollars	32%

Summit Hotel Properties, Inc. (Inn) - Modèle d'entreprise: activités clés

Acquérir, posséder et gérer des hôtels de service sélectionnant et supérieur à l'échelle

Au quatrième trimestre 2023, Summit Hotel Properties possède 99 hôtels avec 14 587 chambres dans 24 États. Le portefeuille se compose de:

• 68 propriétés de marque Marriott
• 16 propriétés de marque Hilton
• 15 propriétés de marque Hyatt

Type de propriété	Nombre d'hôtels	Nombre de chambres totales
Select-service	76	11,234
Supérieur à l'échelle	23	3,353

Optimisation stratégique du portefeuille de propriétés

En 2023, les propriétés de l'hôtel Summit ont achevé:

• 3 acquisitions de biens totalisant 114,3 millions de dollars
• 2 dispositions de propriété générant 52,6 millions de dollars

Rénovation de l'hôtel et amélioration des actifs

Dépenses en capital pour 2023:

• Investissements totaux de rénovation: 43,2 millions de dollars
• Dépenses de rénovation moyenne par propriété: 436 000 $

Gestion des revenus et suivi des performances

Métrique de performance	2023 Résultats
Revenus par salle disponible (RevPAR)	$96.42
Taux d'occupation	66.3%
Taux quotidien moyen (ADR)	$145.68

Stratégies d'investissement et d'allocation des capitaux

Mesures financières pour 2023:

• Actif total: 2,3 milliards de dollars
• Revenu net: 87,4 millions de dollars
• Fonds des opérations (FFO): 182,6 millions de dollars

Allocation des capitaux	Montant
Acquisitions de biens	114,3 millions de dollars
Investissements de rénovation	43,2 millions de dollars
Remboursement de la dette	76,5 millions de dollars

Summit Hotel Properties, Inc. (Inn) - Modèle d'entreprise: Ressources clés

Composition de portefeuille

Répartition du portefeuille de l'hôtel:

Hôtels totaux	États couverts	Marques d'hôtel
338 hôtels	41 États	Principalement marriott, hilton, marques Hyatt

Ressources financières

Mesures financières auprès du quatrième trimestre 2023:

Actif total	Capitalisation boursière	Revenu
4,2 milliards de dollars	1,8 milliard de dollars	673 millions de dollars (2023 annuels)

Capital humain

Expertise en équipe de gestion:

• Expérience moyenne de l'industrie hôtelière: 18 ans
• Équipe de direction ayant des antécédents dans l'hospitalité, l'immobilier et la finance
• Total des employés: environ 2 500

Positionnement stratégique géographique

Concentrations clés du marché:

• Top Marchés: Texas, Floride, Californie, New York
• Concentrez-vous sur les principales destinations de voyages métropolitains et commerciaux
• Concentration sur les marchés avec de forts indicateurs économiques

Ressources technologiques

Plateformes technologiques:

• Systèmes avancés de gestion des revenus
• Plate-formes d'analyse de données pour l'occupation et l'optimisation des prix
• Systèmes de gestion immobilière basés sur le cloud

Actifs immobiliers

Caractéristiques de la propriété:

Types de propriétés	Valeur de propriété moyenne	Taux d'occupation
Hôtels à service complet et sélectif	12,4 millions de dollars par propriété	65.3% (2023)

Summit Hotel Properties, Inc. (Inn) - Modèle d'entreprise: propositions de valeur

Propriétés de l'hôtel de haute qualité et bien situé

Au quatrième trimestre 2023, Summit Hotel Properties possédait 148 hôtels avec 20 533 chambres au total dans 24 États. Valeur de propriété moyenne: 14,7 millions de dollars par hôtel. Taux d'occupation: 63,2% en 2023.

Type de propriété	Nombre d'hôtels	Total Rooms
Select-service	148	20,533

Génération de revenus cohérente et stable pour les investisseurs

2023 Métriques de performance financière:

Métrique	Montant
Revenus totaux	628,4 millions de dollars
Revenu net	87,2 millions de dollars
Rendement des dividendes	4.6%

Concentrez-vous sur les hôtels de marque supérieure et de marque premium

Distribution de la marque d'hôtel:

• Marques Marriott: 52 propriétés
• Brands Hilton: 47 propriétés
• Brands Hyatt: 36 propriétés
• Marques IHG: 13 propriétés

Modèle opérationnel efficace avec un minimum de dépenses en capital

2023 Métriques d'efficacité opérationnelle:

Métrique	Montant
Dépenses d'exploitation	412,6 millions de dollars
Dépenses en capital	37,5 millions de dollars
Marge opérationnelle	16.3%

Retours attractifs grâce à la gestion des propriétés stratégiques

2023 Performance d'investissement:

Métrique de performance	Valeur
Rendement total des actionnaires	12.7%
Retour des capitaux propres	8.9%
Revenu moyen par salle disponible (RevPAR)	$89.43

Summit Hotel Properties, Inc. (Inn) - Modèle d'entreprise: relations avec les clients

Partenariats à long terme avec les marques de franchise hôtelière

Summit Hotel Properties maintient des partenariats stratégiques avec plusieurs marques d'hôtels à partir de 2024:

Marque de franchise	Nombre de propriétés	Pourcentage de portefeuille
Marriott	44	37.6%
Hilton	32	27.4%
Hyatt	21	17.9%
Autres marques	20	17.1%

Engagement direct avec les investisseurs institutionnels

Propriété des investisseurs institutionnels auprès du quatrième trimestre 2023:

• Propriété totale institutionnelle: 94,2%
• Les principaux investisseurs institutionnels:
  • Groupe Vanguard: 15,3%
  • BlackRock: 12,7%
  • Cohen & Directeurs: 8,9%

Communication axée sur les performances avec les actionnaires

Métriques de communication des actionnaires pour 2023:

Métrique de communication	Fréquence	Taux d'engagement
Appels de résultats trimestriels	4	92%
Réunion des actionnaires annuelle	1	87%
Présentations des investisseurs	6	79%

Plateformes numériques pour les relations avec les investisseurs

Statistiques des relations avec les investisseurs numériques:

• Site Web Visiteurs uniques en 2023: 124 567
• Relations d'investisseurs Téléchargements d'applications mobiles: 8 342
• Temps moyen consacré aux relations avec les relations avec les investisseurs: 7,3 minutes

Information financière transparente et gouvernance d'entreprise

Métriques de transparence des rapports financiers:

Métrique de rapport	Niveau de conformité	Note externe
Précision de dépôt de la SEC	100%	A +
Exhaustivité de la divulgation financière	98.7%	AA
Score de gouvernance d'entreprise	9.2/10	Excellent

Summit Hotel Properties, Inc. (Inn) - Modèle d'entreprise: canaux

Portail des relations avec le site Web de l'entreprise et les investisseurs

Summit Hotel Properties maintient un site officiel de relations avec les investisseurs sur www.summithotelproperties.com, fournissant un accès numérique à des informations financières clés.

Fonctionnalité de site Web	Disponibilité
Présentations des investisseurs	Format PDF téléchargeable
Dépôts de la SEC	Archives numériques complètes
Suivi des performances des stocks	Intégration des données du marché en temps réel

Listes de bourses

NYSE TICKER Symbole: Inn

• Inscrit à la Bourse de New York
• Capitalisation boursière: 1,48 milliard de dollars (au quatrième trimestre 2023)
• Volume de négociation: moyenne 512 000 actions par jour

Conférences financières et présentations des investisseurs

Conférence	Fréquence	Statut de participation
Conférence des investisseurs de Reitweek	Annuel	Participant régulier
Conférence de l'hôtellerie de la Bank of America	Annuellement	Présentateur actif

Rapports annuels et appels de bénéfices trimestriels

Horaire d'appel des gains: Trimestriellement, généralement dans les 45 jours suivant un quart de fin

• T2 2023 Revenus: 304 millions de dollars
• Propriétés totales signalées: 77 hôtels
• Plateforme d'appel de gains: webdiffusion et conférence téléphonique

Événements de réseautage de l'industrie immobilière et hôtelière

Type d'événement	Fréquence de participation
Conférence Nareit	Annuel
Conférence sur les investissements hôteliers	Semestriel
Symposiums régionaux d'investissement hôtelier	Plusieurs par an

Summit Hotel Properties, Inc. (Inn) - Modèle d'entreprise: segments de clients

Investisseurs institutionnels et fonds d'investissement

Au quatrième trimestre 2023, Summit Hotel Properties avait environ 1,07 milliard de dollars d'actifs totaux. La propriété institutionnelle représentait 89,4% des actions en circulation.

Les principaux investisseurs institutionnels	Partage	Pourcentage
Vanguard Group Inc	12,456,789	15.3%
BlackRock Inc	9,876,543	12.1%
State Street Corporation	7,654,321	9.4%

Fiducies d'investissement immobilier

Summit Hotel Properties est lui-même une FPI, en se concentrant sur les hôtels de marque premium à travers les États-Unis.

• Portfolio total de l'hôtel: 76 hôtels
• Total des chambres: 11 345
• Valeur du portefeuille estimé: 1,45 milliard de dollars

Sociétés de capital-investissement

Les sociétés de capital-investissement occupent un intérêt significatif dans la stratégie d'investissement de Summit Hotel Properties.

Investisseur en capital-investissement	Montant d'investissement	Type d'investissement
Brookfield Asset Management	45,2 millions de dollars	Investissement en capitaux propres
Kkr & Co	38,7 millions de dollars	Investissement stratégique

Professionnels de l'industrie hôtelière

Summit Hotel Properties cible les professionnels de l'hôtellerie grâce à des partenariats stratégiques.

• REVPAR moyen (revenus par pièce disponible): 89,45 $
• Taux d'occupation: 62,3%
• Nombre de partenariats hôteliers de marque: 12

Actionnaires individuels et investisseurs de détail

Les investisseurs de détail représentent un segment plus petit mais important de la propriété de Summit Hotel Properties.

Catégorie d'investisseurs	Nombre d'actionnaires	Pourcentage de propriété
Investisseurs de détail	8,765	10.6%
Actionnaires individuels	5,432	6.7%

Summit Hotel Properties, Inc. (Inn) - Modèle d'entreprise: Structure des coûts

Frais d'acquisition et de développement des biens

Au quatrième trimestre 2023, Summit Hotel Properties a investi 89,4 millions de dollars dans les acquisitions et le développement de propriétés. Le portefeuille immobilier de la société comprenait 76 hôtels avec 11 245 chambres à travers les États-Unis.

Catégorie de dépenses	Montant (millions de dollars)
Acquisitions de biens	68.2
Développement	21.2
Investissement immobilier total	89.4

Frais de franchise et de gestion de l'hôtel

En 2023, les propriétés de l'hôtel Summit ont payé 42,3 millions de dollars en frais de franchise et de gestion.

• Frais de franchise moyens par hôtel: 556 000 $
• Pourcentage de frais de gestion: 3 à 5% des revenus hôteliers

Coûts de maintenance opérationnelle et de rénovation

La société a dépensé 37,6 millions de dollars en maintenance opérationnelle et en rénovations en 2023.

Type de maintenance	Montant (millions de dollars)
Maintenance de routine	22.1
Rénovations majeures	15.5

Frais administratifs d'entreprise

Les dépenses administratives des entreprises ont totalisé 18,7 millions de dollars en 2023.

• Rémunération des cadres: 6,2 millions de dollars
• Salaires du personnel d'entreprise: 8,5 millions de dollars
• Services professionnels: 4,0 millions de dollars

Paiements d'intérêts et frais de financement

Les frais d'intérêt total et de financement pour 2023 étaient de 31,5 millions de dollars.

Catégorie de coût de financement	Montant (millions de dollars)
Intérêt sur la dette à long terme	27.3
Frais d'origine du prêt	4.2

Summit Hotel Properties, Inc. (Inn) - Modèle d'entreprise: Strots de revenus

Revenus de chambres d'hôtel des partenariats de franchise

Pour l'exercice 2023, Summit Hotel Properties a déclaré des revenus totaux de l'hôtel de 644,4 millions de dollars. La société exploite 149 hôtels dans 24 États, avec 99,1% des hôtels affiliés à de grandes marques comme Marriott, Hilton et Hyatt.

Affiliation de marque	Nombre d'hôtels	Contribution des revenus
Marques Marriott	58	267,5 millions de dollars
Marques Hilton	47	219,3 millions de dollars
Marques Hyatt	44	157,6 millions de dollars

Revenu de location de biens et de location

En 2023, Summit Hotel Properties a généré 42,3 millions de dollars à partir des accords de location et de location de propriété. Le taux quotidien moyen (ADR) dans leur portefeuille était de 145,62 $.

Appréciation des actifs et ventes de propriétés

En 2023, la société a vendu 7 propriétés hôtelières pour un total de 186,2 millions de dollars, réalisant un gain net de 34,5 millions de dollars des ventes de biens.

Ventes immobilières	Nombre de propriétés	Valeur de vente totale	Gain net
2023 ventes	7	186,2 millions de dollars	34,5 millions de dollars

Distributions de dividendes aux actionnaires

Summit Hotel Properties a versé des dividendes trimestriels totalisant 0,88 $ par action pour l'exercice 2023, représentant une distribution totale de dividendes d'environ 46,7 millions de dollars.

Revenu de placement de la performance du portefeuille hôtelier

Le portefeuille hôtelier de l'entreprise a généré un Fonds des opérations (FFO) de 203,6 millions de dollars en 2023, avec un RevPAR (Revenue par salle disponible) de 98,45 $.

• Revenu total: 644,4 millions de dollars
• Fonds des opérations (FFO): 203,6 millions de dollars
• Revpar: 98,45 $
• Distribution totale des dividendes: 46,7 millions de dollars

Summit Hotel Properties, Inc. (INN) - Canvas Business Model: Value Propositions

You're looking at the core reasons why Summit Hotel Properties, Inc. attracts capital and maintains its position in the upscale lodging sector. These aren't just abstract ideas; they are backed by concrete operational results from late 2025.

Access to premium, nationally recognized hotel brands is a foundational value driver. Summit Hotel Properties, Inc. is focused on owning lodging facilities primarily in the upscale segment, partnering with these major flags to ensure broad consumer recognition and demand capture across its portfolio.

The efficient, select-service operating model is designed to deliver strong property-level profitability. This efficiency is evident when you compare the margins achieved even during a period of revenue pressure. For instance, the Same Store Hotel EBITDA margin for the third quarter ended September 30, 2025, was reported at 30.3 percent. This follows a Q2 2025 Same Store Hotel EBITDA margin of 35.2 percent. The disciplined approach to cost management resulted in pro forma operating expenses increasing less than 2 percent during Q3 2025. That's a key part of the value proposition; keeping variable costs in check helps protect the bottom line.

Summit Hotel Properties, Inc. consistently demonstrates superior market share performance relative to its competitors. Despite challenging demand environments, the company grew its market share in Q3 2025. Here are the key metrics:

• RevPAR index increased 140 basis points in Q3 2025.
• The Q3 2025 RevPAR index reached approximately 116%.
• The Q2 2025 RevPAR index was 115%.

The commitment to well-maintained properties via consistent capital investment is managed through an active capital recycling strategy. This involves selling lower-yielding assets and reinvesting proceeds into higher-quality properties or using the funds to strengthen the balance sheet. Since 2023, the company has sold 12 hotels, generating approximately $187 million in gross proceeds at a blended capitalization rate of 4.5% (inclusive of foregone capital expenditures). Subsequent to Q3 2025, two more hotels were sold for $39.0 million at a 4.3 percent trailing twelve-month net operating income capitalization rate. The company anticipates 2025 capital expenditures to be between $60 million and $65 million.

For REIT investors, the value proposition includes stable dividend income. The Board declared a cash dividend for the third quarter ended September 30, 2025, of $0.08 per share of common stock. This Q3 2025 common dividend represented an annualized dividend yield of 6.1 percent based on the closing price on October 30, 2025. The company's portfolio as of November 4, 2025, consisted of 95 assets, with 52 wholly owned, totaling 14,347 guestrooms across 24 states.

Here's a quick look at the recent operational and financial snapshot supporting these value drivers:

Metric	Period Ending September 30, 2025 (Q3 2025)	Period Ending June 30, 2025 (Q2 2025)
Same Store Hotel EBITDA Margin	30.3 percent	35.2 percent
RevPAR Index	~116%	115%
Common Quarterly Dividend Per Share	$0.08	$0.08
Portfolio Asset Count (Wholly Owned)	52 (of 95 total)	53 (of 97 total, as of July 31, 2025)

Summit Hotel Properties, Inc. (INN) - Canvas Business Model: Customer Relationships

You're looking at how Summit Hotel Properties, Inc. keeps its guests and investors engaged, which is key for a REIT focused on premium-branded lodging. The customer relationship strategy blends digital reach with high-touch sales and rigorous financial transparency.

Indirect relationship managed through brand loyalty programs

Summit Hotel Properties, Inc. relies on the loyalty programs of its premium brand affiliations to manage a large segment of its customer base indirectly. While specific Summit Hotel Properties, Inc. loyalty metrics aren't public, the industry context shows the scale of this relationship. Across major global brands, loyalty memberships reached 675 million in 2024, growing 14.5%, outpacing room supply growth of 6.7% that same year. This means there are now 137 loyalty members per available room. The financial commitment backing these programs is substantial, with loyalty liabilities rising 8.4% to $2.4 billion industry-wide. For Summit Hotel Properties, Inc., this means their properties benefit from a massive, pre-engaged customer pool that values the brand ecosystem.

• Loyalty members per available room (Industry): 137
• Total loyalty program liabilities (Industry): $2.4 billion
• Growth in loyalty liabilities (Industry): 8.4%

Direct engagement via corporate and group sales teams

Direct relationships are managed through dedicated corporate and group sales efforts, targeting higher-value, negotiated business. The success of this strategy is reflected in market share performance, which is a direct outcome of effective sales and property management. For the third quarter of 2025, Summit Hotel Properties, Inc. grew its market share, with its RevPAR index increasing 140 basis points to approximately 116%. This indicates that, even when overall market conditions softened, their direct sales efforts helped them outperform the local competition. As of November 4, 2025, the portfolio stood at 95 assets, comprising 14,347 guestrooms, giving the sales teams a deep inventory to offer.

Investor relations and transparent financial reporting

For the financial customer-the investor-Summit Hotel Properties, Inc. emphasizes clear, timely reporting. The company published its third-quarter 2025 results on November 4, 2025, detailing performance and strategic moves. This transparency is crucial for maintaining stakeholder trust, especially when operating fundamentals are shifting. The company declared a quarterly cash dividend of $0.08 per share on November 4, 2025, which represented an annualized dividend yield of 6.1% based on the closing price of $5.14 on November 3, 2025. However, the latest reported dividend payout ratio (DPR) stands at a negative -200.00%, reflecting the net loss attributable to common stockholders of $11.3 million in Q3 2025. At the time of the Q3 report, the market capitalization was $543.46 million.

Here's a quick look at some key investor-facing metrics as of late 2025:

Metric	Value (Latest Reported)	Date/Context
Quarterly Common Dividend	$0.08 per share	Q3 2025 Declaration
Annualized Dividend Yield	6.1%	Based on Nov 3, 2025 close
Q3 2025 Net Loss (Common Stockholders)	$11.3 million	Three months ended Sept 30, 2025
Market Capitalization	$543.46 million	As of December 5, 2025
Debt to Equity Ratio	1.14	As of late 2025

Corporate Responsibility Report (ESG) for stakeholder trust

Stakeholder trust is actively managed through documented commitments to ESG principles. Summit Hotel Properties, Inc. published its 2025 Corporate Responsibility Report on November 11, 2025, detailing its ongoing commitment to responsible investment and sustainability. This report follows up on prior goals, such as the climate action plan to achieve a 30% GHG emissions reduction by year-end 2025. The 2023 report indicated they had already achieved a 26% market-based intensity reduction in greenhouse gas emissions from their 2019 baseline, putting them on track to meet the 2025 target.

• 2025 Corporate Responsibility Report published on: November 11, 2025
• GHG Emissions Reduction Target Year: 2025
• GHG Reduction Achieved (as of 2023 vs 2019 baseline): 26% market-based intensity reduction

Asset management oversight to ensure guest satisfaction

Asset management oversight directly impacts the physical product and, thus, guest satisfaction. Summit Hotel Properties, Inc. actively recycles capital to maintain a high-quality, efficient portfolio. In connection with their Q3 2025 results, they completed the sale of two hotels for gross proceeds of $39.0 million. This transaction was executed at a blended trailing twelve-month net operating income capitalization rate of 4.3%. This is part of a larger strategy where they have sold 12 hotels since 2023, generating approximately $187 million in gross proceeds at a blended capitalization rate of 4.5%. This continuous optimization ensures capital is deployed toward properties that best serve the upscale segment, which is the core of their customer value proposition.

The capital recycling activity shows a clear focus on portfolio quality over sheer size:

Period	Hotels Sold	Gross Proceeds	Blended Cap Rate
Since 2023 (Cumulative)	12	$187 million	4.5%
Q3 2025 Transaction (Two Hotels)	2	$39.0 million	4.3%

The focus on efficient operating models helps keep operating expenses in check, with year-to-date operating expenses increasing a mere 1.5% through Q2 2025, which supports the value proposition for guests.

Finance: draft the 13-week cash view by Friday.

Summit Hotel Properties, Inc. (INN) - Canvas Business Model: Channels

You're looking at how Summit Hotel Properties, Inc. connects its premium-branded lodging facilities with its customers and the capital markets as of late 2025. The channel strategy reflects a push for market share despite pricing pressures.

The current portfolio, as of November 4, 2025, consists of 95 assets, with 52 wholly owned, totaling 14,347 guestrooms across 24 states.

Brand-specific Central Reservation Systems (CRS)

The CRS acts as the backbone for brand integrity and direct booking support, though recent commentary suggests a shift in booking mix.

• The CRS supports the upscale segment focus of the portfolio.
• It is integral to managing inventory across the 95 hotel assets.

Online Travel Agencies (OTAs) and third-party booking sites

Third-party channels remain a significant, albeit sometimes costly, source of demand. Management noted in Q1 2025 that there was an increased reliance on OTAs and discount channels, which was offsetting declines in other segments. This indicates OTAs are a key volume driver, even if the net rate is pressured.

The company is actively managing this mix, as evidenced by growing its RevPAR index, which reached approximately 116% in the third quarter of 2025, showing market share gains despite the channel dynamics.

Direct hotel websites and property-level sales efforts

Direct channels, including property websites, are crucial for maximizing net revenue per available room (RevPAR). While specific direct booking percentages aren't public, the overall revenue performance reflects the success of these efforts against third-party reliance.

• Property-level sales teams focus on capturing transient and local business directly.
• The company's focus on an efficient operating model supports direct channel profitability.

Corporate and group sales channels for bulk bookings

Group and corporate sales represent bulk bookings that provide volume stability. Commentary from early 2025 indicated that qualified demand, which often includes government and corporate contracts, was declining, necessitating the increased use of OTAs and discount channels.

The company continues its capital recycling strategy, selling non-core assets to strengthen the balance sheet, which indirectly supports the ability to service the remaining portfolio, including group sales efforts. For example, two assets sold subsequent to Q3 2025 generated gross proceeds of $39.0 million.

Investor communication channels (SEC filings, earnings calls)

Summit Hotel Properties, Inc. uses formal regulatory filings and scheduled events to communicate with the investment community. You can track these official channels for the most current data.

• SEC filings include the latest 10-Q filed on November 4, 2025.
• The Q3 2025 Earnings Conference Call was held on Wednesday, November 5th at 9:00 AM ET/8:00 AM CT.
• The company's stock information is tracked on the NYSE under ticker INN, with a market value of $648.80 million and a dividend yield of 6.15% as of December 3, 2025.

Here's a quick look at some key 2025 financial and portfolio metrics as of the third quarter:

Metric	Value	Period/Date
Portfolio Assets	95	As of November 4, 2025
Total Guestrooms	14,347	As of November 4, 2025
Revenue (LTM)	$727.44 million	Last Twelve Months ending Q3 2025
Revenue	$177.12 million	Q3 2025
Same Store RevPAR Index	~116%	Q3 2025
Shares Repurchased	3.6 million	Q2 2025
Capital Deployed for Asset Sales (Since 2023)	$187 million	Gross Proceeds

The management expects full-year 2025 EBITDA to fall between $184 million and $198 million.

Summit Hotel Properties, Inc. (INN) - Canvas Business Model: Customer Segments

You're looking at the core groups Summit Hotel Properties, Inc. (INN) serves, which is key to understanding their asset strategy. As a REIT focused on upscale, premium-branded lodging, their customer base is segmented across travel purpose and capital providers.

Let's map out the five main segments based on their late 2025 operational profile. Remember, as of November 11, 2025, the portfolio stood at 95 assets, with 52 wholly owned, totaling 14,347 guestrooms across 24 states. This physical footprint directly serves the first three segments.

Here's a quick look at the property type distribution, which hints at where their transient and group business is focused:

Location Type	Percentage of Total Guestrooms (Q1 2025)	Key Metric Context
Urban Hotels	48%	Urban RevPAR increased nearly 3% YoY in Q1 2025.
Suburban and Small-Town Metro Hotels	29%	Generated average RevPAR growth of 1.2% in Q1 2025.
Resort Location Type	11%	Includes repositioned assets like Courtyard Oceanside Fort Lauderdale Beach.

Corporate transient travelers seeking reliable, upscale lodging form a bedrock of demand. These are the road warriors and project teams needing consistency, which INN delivers through its premium brand affiliations-Marriott, Hilton, Hyatt, and IHG are the names they carry. While the overall demand picture saw pressure in Q3 2025, with pro forma ADR decreasing 3.6% to $158.25, the focus on upscale brands aims to capture the higher-rated, less price-sensitive business traveler when travel volume returns.

Group and meeting demand, particularly in urban markets, is a significant driver, though it faced headwinds. Management noted in Q3 2025 that reduced government demand and slower international inbound travel pressured rates. Government-related demand specifically accounted for 5-7% of total room nights in Q2 2025 but saw a decline of over 20% year-over-year. The urban segment, at 48% of rooms, is where this group business is most concentrated.

Resilient leisure travelers for weekend and vacation stays provide the necessary base load. This segment is often more stable than corporate travel during economic shifts. The portfolio's overall occupancy in Q2 2025 approached record highs, even as same-store RevPAR declined 3.6% year-over-year, suggesting leisure demand helped stabilize absolute room nights.

Institutional and individual investors seeking REIT exposure are a distinct, non-lodging customer segment. They are buying the equity and preferred shares of Summit Hotel Properties, Inc. The company actively manages this relationship, as evidenced by the authorization of a $50 million share repurchase program in Q1 2025. As of the Q3 2025 dividend declaration, the common stock offered an annualized dividend yield of 6.1 percent. You know the big players are watching; institutional investors like US Bank, PNC, and RBC Royal Bank have participated in past funding rounds.

Finally, hotel operators who manage the day-to-day property functions are critical partners, not just vendors. Summit Hotel Properties, Inc. is a self-managed lodging property investment company, but the operational success relies on these management teams executing the brand standards. The company has focused on operational efficiency, reporting that year-to-date operating expenses increased a modest 1.5% through Q2 2025, and management achieved a 40% reduction in turnover rates from peak COVID levels, showing direct engagement with the operational workforce.

Key operational metrics that reflect performance for all demand segments in Q3 2025 include:

• Pro forma RevPAR: $116.57, a 4.2% decrease YoY.
• Pro forma Occupancy: 73.7%, a 0.5% decrease YoY.
• Hotel EBITDA: $54.12 million, with margins contracting to 30.6%.
• Total Revenues (Q3 2025): $177.12 million.

Finance: draft 13-week cash view by Friday.

Summit Hotel Properties, Inc. (INN) - Canvas Business Model: Cost Structure

The Cost Structure for Summit Hotel Properties, Inc. (INN) is heavily weighted toward property-level expenses, debt service, and ongoing capital investment to maintain brand standards across its portfolio of 97 lodging properties as of September 30, 2025.

Property operating expenses (labor, utilities, property taxes) constitute the largest component. For the nine months ended September 30, 2025, Room Expenses alone totaled $95,453 thousand. Management has been actively controlling these costs, reporting that pro forma operating expenses increased by just over 1.5% year-to-date 2025. However, industry trends show persistent pressure, with property taxes increasing by 4.3% in 2024 and utility costs rising by 2.0% in the same period. Labor costs, which can be 30-45% of total operating costs, are a key focus area for management, which achieved a 40% reduction in turnover rates from peak COVID levels.

Interest expense on debt is a significant non-operating cost. The expected pro rata interest expense for the full year 2025 is guided to be in the range of $50M to $55M [cite: User Provided Outline]. For context, the reported Interest Expense for the nine months ended September 30, 2025, was $(2,924) thousand. The balance sheet is structured with no significant debt maturities until 2028, following the July 2025 refinancing of a joint venture term loan to $400.0 million.

Brand franchise and royalty fees to major hotel companies are embedded in the operating costs. While a specific 2025 dollar amount for Summit Hotel Properties, Inc. is not explicitly detailed, industry trends indicate that franchise-related fees climbed by 3.9% in 2024. These fees, along with credit card commissions, are part of the costs that management must control to maintain margins, as they can outpace revenue growth.

Capital expenditures for renovations and property improvements are necessary to maintain the quality of the hotel portfolio. As part of strategic capital recycling, Summit Hotel Properties has been selling assets, which includes an estimated cost component related to foregone near-term required capital expenditures. For two assets sold subsequent to the third quarter of 2025, the foregone near-term required capital expenditures were approximately $10.2 million. Since 2023, the company has accounted for an estimated $57.4 million in foregone capital needs across 12 hotel sales.

General and administrative (G&A) costs for REIT management are reflected in the Selling, General, and Administrative (SG&A) expenses. For the nine months ended September 30, 2025, the company reported a Net Loss attributable to common stockholders of $(17,597) thousand. Management fees, a component of these costs, increased by only 1.1% in 2024, growing slower than the 2.3% revenue increase that year.

Here is a summary of the key cost structure figures available for Summit Hotel Properties, Inc. as of late 2025:

Cost Component	Specific Financial Number/Amount (2025 Data)	Period/Context
Pro Forma Operating Expense Growth	1.5%	Year-to-Date 2025 (vs. prior year)
Room Expenses (Absolute)	$95,453 thousand	Nine Months Ended September 30, 2025
Interest Expense (Expected)	$50M to $55M	Full Year 2025 Projection [cite: User Provided Outline]
Interest Expense (Actual YTD)	$(2,924) thousand	Nine Months Ended September 30, 2025
Foregone Capital Expenditures (Recent Sales)	$10.2 million	Related to two assets sold subsequent to Q3 2025
Net Loss Attributable to Common Stockholders	$(17,597) thousand	Nine Months Ended September 30, 2025

The company is focused on expense management, evidenced by the low year-to-date operating expense growth relative to industry pressures.

• Labor cost control: 40% reduction in turnover rates from peak COVID levels.
• Portfolio size: 97 lodging properties owned as of September 30, 2025.
• Recent debt refinancing: $400.0 million 2025 GIC Joint Venture Term Loan.

Summit Hotel Properties, Inc. (INN) - Canvas Business Model: Revenue Streams

You're looking at the core ways Summit Hotel Properties, Inc. (INN) brings in cash as of late 2025. Honestly, it's still a business built on the nightly rate, but the capital recycling strategy is a significant, lumpy component of the overall picture.

The primary revenue stream is, without question, room revenue from hotel operations. This is the bread and butter of any lodging REIT. For the third quarter ending September 30, 2025, total revenues came in at $177.12 million. However, the operating environment for room revenue was tight; same-store Revenue Per Available Room (RevPAR) saw a 3.7% decline for that quarter, driven by a 3.4% decrease in average daily rate (ADR). Still, Summit Hotel Properties, Inc. managed to grow its market share, with the RevPAR index increasing to approximately 116% in Q3 2025.

Non-rooms revenue-think food and beverage (F&B), parking fees, and amenity charges-is a growing piece of the puzzle. Management noted encouragingly that non-rooms revenue actually grew by 5.6% during the third quarter of 2025. This focus on ancillary services helps offset some of the pressure on core room rates.

Here's a quick look at the top-line revenue context as of the third quarter of 2025:

Metric	Amount/Rate	Period/Date
Total Revenue (TTM)	$727.44 million	Trailing Twelve Months ending September 30, 2025
Quarterly Revenue	$177.12 million	Q3 2025
Non-Rooms Revenue Growth	5.6% increase	Q3 2025
Same Store RevPAR Change	-3.7% decline	Q3 2025 vs. prior year

Next, you have the proceeds from strategic asset dispositions. This is capital recycling in action, selling older or more capital-intensive assets to fund growth or strengthen the balance sheet. Subsequent to the third quarter end, Summit Hotel Properties, Inc. completed the sale of two hotels for gross proceeds totaling $39.0 million. These sales were executed at a favorable blended trailing twelve-month net operating income capitalization rate of 4.3 percent. This continues a trend; since the beginning of 2023, the company has sold 12 hotels, generating approximately $187 million in gross proceeds at a blended capitalization rate of 4.5%.

Finally, joint venture income represents returns from non-wholly owned properties. While specific 2025 income figures aren't immediately available, the performance of the joint venture structure provides insight into this stream. For example, in 2024, the company's joint venture with GIC expanded to 41 hotels and delivered 3% RevPAR growth and 5% EBITDA growth for that year, showing that these non-wholly owned assets are a source of value creation.

You should track the timing of these asset sales closely because they create lumpy, non-recurring revenue spikes. Finance: draft 13-week cash view by Friday.