Summit Hotel Properties ( (INN) ) has released its Q3 earnings. Here is a breakdown of the information Summit Hotel Properties presented to its investors.
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Summit Hotel Properties, Inc. is a self-managed lodging property investment company operating as a real estate investment trust (REIT) with a diverse portfolio of 97 properties across the United States, primarily under premium franchise brands like Marriott, Hilton, Hyatt, and IHG. In its latest earnings report for the quarter ending September 30, 2025, Summit Hotel Properties reported total revenues of $177.1 million, slightly up from the previous year, but faced a net loss of $11.3 million attributable to common stockholders, compared to a loss of $4.3 million in the same period last year. The company’s operating income decreased to $8.6 million from $15.8 million, primarily due to increased expenses and interest costs. Despite the losses, the company maintained its focus on strategic property sales, including the sale of properties in Amarillo, TX, and Kansas City, MO, expected to close in the fourth quarter of 2025. Looking ahead, Summit Hotel Properties remains committed to optimizing its portfolio and managing its debt strategically, with plans to refinance its convertible notes due in 2026, indicating a cautious but proactive approach to future growth and financial stability.