Summit Hotel Properties, Inc.
shpreit.comWhat Do They Do?
Owns hotel properties leased to subsidiaries and run by outside managers, serving business, group, leisure and government travelers.
10-K for FY2025, filed Feb 25, 2026Summit Hotel Properties, Inc. is a self-managed lodging property investment company that was organized on June 30, 2010 as a Maryland…View ↗
We have elected to be taxed as a REIT for federal income tax purposes. To qualify as a REIT, we cannot operate or manage our lodging…View ↗
RevPAR Growth. We believe that our lodging properties are positioned for long-term demand growth supported by the characteristics of our…View ↗
How Do They Make Money?
Guests pay a daily rate for each night they occupy a room. Food and drink are charged when purchased; parking, meeting space and other services bring in fees when provided, while space leases generate rent over the lease term.
10-K for FY2025, filed Feb 25, 2026Room revenue is generated through short-term contracts with customers whereby customers agree to pay a daily rate for the right to occupy…View ↗
Food and beverage revenues are generated when customers purchase food and beverage at a lodging property's restaurant, bar or other…View ↗
Other revenues such as for parking, cancellation fees, meeting space or telephone services are recognized at the point in time or over the…View ↗
-
10-K for FY2025, filed Feb 25, 2026
FY2025 revenue by product or service ↗
$729.5M
-
10-K for FY2025, filed Feb 25, 2026
$729.5M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Room
Usage-based
10-K for FY2025, filed Feb 25, 2026 |
88%
FY2022: 90%
|
Room, FY2025
$643.8M Sources
|
Usage-based |
|
Food and beverage
Sold outright
|
5.9%
FY2022: 4.8%
|
Food and beverage, FY2025
$43.2M Sources
|
Sold outright |
|
Other
Mix
|
5.8%
FY2022: 5.1%
|
Other, FY2025
$42.5M Sources
|
Mix |
Who Are Their Customers?
Guests include business, group, leisure and government travelers, including frequent travelers who seek hotels under Marriott, Hilton, Hyatt or IHG brands. Those franchise brands provide loyalty programs and central reservation systems.
10-K for FY2025, filed Feb 25, 2026RevPAR Growth. We believe that our lodging properties are positioned for long-term demand growth supported by the characteristics of our…View ↗
Do Revenues Turn Into Profits?
No. It lost $11.7M in FY2025.
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 5, 2026
Open tableView ↗
-
Jun 12, 2026
The CFO resigned and the CEO took on the principal financial officer role
William Conkling resigned as CFO; Jonathan Stanner assumed the principal financial officer role while remaining CEO.
Sources
8-K, filed Jun 12, 2026
On June 12, 2026, Summit Hotel Properties, Inc. (the “Company”) announced that William Conkling, the Company’s Executive Vice President and…View ↗
Growing. Revenue grew 2.0x in 4 years, from $361.9M in FY2021 to $729.5M in FY2025, about 19% a year.
Loading...
