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Material updates from SEC filings (8-K, 10-Q, 10-K) ranked by impact, with no firehose noise.
Chief Financial Officer — William Conkling: Mr. Conkling resigned as CFO and employee of the Company.
Results of Operations and Financial Condition. On April 30, 2026, Summit Hotel Properties, Inc. (the “Company”) issued a press release announcing the consolidated operating results of the Company and its subsidiaries for three months ended March 31, 2026. The press release referred to supplemental financial information for the first quarter 2026 that is available on the Company’s website at www.shpreit.com . A copy of the press release and the supplemental financial information are furnished…
Results of Operations and Financial Condition. On February 25, 2026, Summit Hotel Properties, Inc. (the “Company”) issued a press release announcing the consolidated operating results of the Company and its subsidiaries for the fourth quarter and year ended December 31, 2025. The press release referred to supplemental financial information for the fourth quarter and full year 2025 that is available on the Company’s website at www.shpreit.com . A copy of the press release and the supplemental…
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant The information contained in
Entry into a Material Definitive Agreement. Pursuant to the Amendments described herein, the interest payable pursuant to each respective credit agreement has been reduced by removing the 0.10% credit spread adjustment to the term SOFR rate therein. On December 17, 2025, Summit Hotel OP, LP (the “Operating Partnership”), as borrower, Summit Hotel Properties, Inc. (the “Company”), as parent guarantor, the subsidiary guarantors party thereto, the lenders party thereto and Bank of America, N.A.…
Results of Operations and Financial Condition. On November 4, 2025, Summit Hotel Properties, Inc. (the “Company”) issued a press release announcing the consolidated operating results of the Company and its subsidiaries for the three and nine months ended September 30, 2025. The press release referred to supplemental financial information for the third quarter 2025 that is available on the Company’s website at www.shpreit.com . A copy of the press release and the supplemental financial informa…
Results of Operations and Financial Condition. On August 5, 2025, Summit Hotel Properties, Inc. (the “Company”) issued a press release announcing the consolidated operating results of the Company and its subsidiaries for the three and six months ended June 30, 2025. The press release referred to supplemental financial information for the second quarter 2025 that is available on the Company’s website at www.shpreit.com . A copy of the press release and the supplemental financial information ar…
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant The information contained in
Entry into a Material Definitive Agreement. On July 24, 2025, Summit JV MR 2, LLC, Summit JV MR 3, LLC and Summit NCI NOLA BR 184, LLC (the “Borrowers”, “we” or “us”), as borrowers, Summit Hospitality JV, LP (the “Parent”), as parent, and each subsidiary of the Borrowers executing the credit facility documentation as a guarantor, entered into a $400 million credit facility (the “Credit Facility”) with various initial lenders, Bank of America, N.A., as administrative agent, Wells Fargo Bank, N…
Other Events. Potential Offer and Sale of Common Stock Underlying OP Units On May 2, 2025, Summit Hotel Properties, Inc. (the “Company”) filed with the United States Securities and Exchange Commission a prospectus supplement to the Company’s automatic shelf registration statement on Form S-3 (File No. 333-286937) (the “Registration Statement”), to register the offer and resale by the selling stockholder identified therein of up to 12,940,877 shares of common stock, par value $0.01 per share,…
Other Events. On April 29, 2025, the Board of Directors of the Company authorized a share repurchase program under which the Company may repurchase up to $50 million of the Company’s common stock, par value $0.01 per share (the “2025 Repurchase Program”). Repurchases may be made from time to time at management’s discretion, at prices management considers to be attractive, through open market purchases, subject to availability. Open market purchases will be conducted in accordance with the lim…
Results of Operations and Financial Condition. On April 30, 2025, Summit Hotel Properties, Inc. (the “Company”) issued a press release announcing the consolidated operating results of the Company and its subsidiaries for the three months ended March 31, 2025. The press release referred to supplemental financial information for the first quarter 2025 that is available on the Company’s website at www.shpreit.com . A copy of the press release and the supplemental financial information are furnis…
Entry into a Material Definitive Agreement. On March 27, 2025, Summit Hotel OP, LP (the “Operating Partnership”), as Borrower, Summit Hotel Properties, Inc. (the “Company”), as Parent Guarantor, and each party executing the credit facility documentation as a subsidiary guarantor, entered into a $275 million unsecured delayed draw term loan facility (the “DDTL Facility”) with various initial lenders, Bank of America, N.A., as administrative agent, Wells Fargo Bank, N.A., as syndication agent,…
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant The information contained in
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