$INN
Summit Hotel Properties, Inc. Stock $inn

$inn Overview Financials Valuation SEC Filings Company Website

2016 Q2 Form 10-Q Financial Statement

#000149764516000010 Filed on August 02, 2016

Income Statement

Concept	2016 Q2	2015 Q2
Revenue	$127.2M	$120.7M
YoY Change	5.4%	14.36%
Cost Of Revenue	$76.76M	$75.28M
YoY Change	1.97%	13.01%
Gross Profit	$50.44M	$45.40M
YoY Change	11.1%	16.66%
Gross Profit Margin	39.65%	37.62%
Selling, General & Admin	$5.400M	$5.400M
YoY Change	0.0%	0.0%
% of Gross Profit	10.71%	11.89%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$17.70M	$15.40M
YoY Change	14.94%	-9.41%
% of Gross Profit	35.09%	33.92%
Operating Expenses	$23.10M	$20.80M
YoY Change	11.06%	-4.15%
Operating Profit	$25.63M	$24.52M
YoY Change	4.54%	51.58%
Interest Expense	$7.123M	$7.655M
YoY Change	-6.95%	11.82%
% of Operating Profit	27.79%	31.22%
Other Income/Expense, Net	-$3.544M	-$7.317M
YoY Change	-51.56%	10.08%
Pretax Income	$22.09M	$17.20M
YoY Change	28.4%	80.52%
Income Tax	$100.0K	$903.0K
% Of Pretax Income	0.45%	5.25%
Net Earnings	$21.87M	$16.20M
YoY Change	34.94%	80.55%
Net Earnings / Revenue	17.19%	13.43%
Basic Earnings Per Share	$0.20	$0.14
Diluted Earnings Per Share	$0.20	$0.14
COMMON SHARES
Basic Shares Outstanding	86.43M shares	85.83M shares
Diluted Shares Outstanding	87.36M shares	87.01M shares

Balance Sheet

Concept	2016 Q2	2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$76.40M	$37.00M
YoY Change	106.49%	-11.27%
Cash & Equivalents	$76.44M	$36.96M
Short-Term Investments
Other Short-Term Assets	$8.300M	$7.700M
YoY Change	7.79%	35.09%
Inventory
Prepaid Expenses
Receivables	$14.90M	$12.50M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$99.60M	$57.20M
YoY Change	74.13%	-5.45%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.417B	$1.215B
YoY Change	16.59%	-4.44%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$17.60M	$0.00
YoY Change		-100.0%
Other Assets	$98.20M	$256.4M
YoY Change	-61.7%	247.43%
Total Long-Term Assets	$1.548B	$1.494B
YoY Change	3.59%	9.22%
TOTAL ASSETS
Total Short-Term Assets	$99.60M	$57.20M
Total Long-Term Assets	$1.548B	$1.494B
Total Assets	$1.647B	$1.551B
YoY Change	6.19%	8.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$4.800M	$3.100M
YoY Change	54.84%	-50.79%
Accrued Expenses	$47.00M	$40.20M
YoY Change	16.92%	10.74%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$51.80M	$43.30M
YoY Change	19.63%	1.64%
LONG-TERM LIABILITIES
Long-Term Debt	$622.4M	$721.0M
YoY Change	-13.68%	24.33%
Other Long-Term Liabilities	$2.500M	$2.200M
YoY Change	13.64%	-4.35%
Total Long-Term Liabilities	$624.9M	$723.2M
YoY Change	-13.59%	24.22%
TOTAL LIABILITIES
Total Short-Term Liabilities	$51.80M	$43.30M
Total Long-Term Liabilities	$624.9M	$723.2M
Total Liabilities	$676.7M	$771.4M
YoY Change	-12.28%	23.46%
SHAREHOLDERS EQUITY
Retained Earnings	-$447.0K
YoY Change
Common Stock	$873.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$966.5M	$779.7M
YoY Change
Total Liabilities & Shareholders Equity	$1.647B	$1.551B
YoY Change	6.19%	8.6%

Cashflow Statement

Concept	2016 Q2	2015 Q2
OPERATING ACTIVITIES
Net Income	$21.87M	$16.20M
YoY Change	34.94%	80.55%
Depreciation, Depletion And Amortization	$17.70M	$15.40M
YoY Change	14.94%	-9.41%
Cash From Operating Activities	$45.00M	$34.70M
YoY Change	29.68%	26.18%
INVESTING ACTIVITIES
Capital Expenditures	$0.00	-$96.60M
YoY Change	-100.0%	252.55%
Acquisitions
YoY Change
Other Investing Activities	$16.60M	-$6.300M
YoY Change	-363.49%	-191.3%
Cash From Investing Activities	$16.60M	-$102.9M
YoY Change	-116.13%	399.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-19.10M	76.70M
YoY Change	-124.9%	-4611.76%
NET CHANGE
Cash From Operating Activities	45.00M	34.70M
Cash From Investing Activities	16.60M	-102.9M
Cash From Financing Activities	-19.10M	76.70M
Net Change In Cash	42.50M	8.500M
YoY Change	400.0%	63.46%
FREE CASH FLOW
Cash From Operating Activities	$45.00M	$34.70M
Capital Expenditures	$0.00	-$96.60M
Free Cash Flow	$45.00M	$131.3M
YoY Change	-65.73%	139.16%

Facts In Submission

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	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2016
	dei	Document Period End Date DocumentPeriodEndDate	2016-06-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0001497645
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	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
	dei	Entity Registrant Name EntityRegistrantName	Summit Hotel Properties, Inc.
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	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	600000	USD
CY2016Q2	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	500000	USD
	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	800000	USD
CY2015Q4	us-gaap	Liabilities Liabilities	718468000	USD
CY2016Q2	us-gaap	Liabilities Liabilities	676686000	USD
CY2015Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1575394000	USD
CY2016Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1647176000	USD
CY2015Q4	us-gaap	Long Term Debt LongTermDebt	671536000	USD
CY2016Q2	us-gaap	Long Term Debt LongTermDebt	622397000	USD
CY2015Q4	us-gaap	Longterm Debt Percentage Bearing Fixed Interest Amount LongtermDebtPercentageBearingFixedInterestAmount	402673000	USD
CY2016Q2	us-gaap	Longterm Debt Percentage Bearing Fixed Interest Amount LongtermDebtPercentageBearingFixedInterestAmount	380460000	USD
CY2015Q4	us-gaap	Longterm Debt Percentage Bearing Variable Interest Amount LongtermDebtPercentageBearingVariableInterestAmount	274423000	USD
CY2016Q2	us-gaap	Longterm Debt Percentage Bearing Variable Interest Amount LongtermDebtPercentageBearingVariableInterestAmount	248128000	USD
CY2015Q4	us-gaap	Minority Interest In Operating Partnerships MinorityInterestInOperatingPartnerships	4215000	USD
CY2016Q2	us-gaap	Minority Interest In Operating Partnerships MinorityInterestInOperatingPartnerships	3997000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	64106000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-9117000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-120802000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-13313000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	55078000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	69541000	USD
CY2015Q2	us-gaap	Net Income Loss NetIncomeLoss	16204000	USD
	us-gaap	Net Income Loss NetIncomeLoss	26738000	USD
CY2016Q2	us-gaap	Net Income Loss NetIncomeLoss	21865000	USD
	us-gaap	Net Income Loss NetIncomeLoss	70350000	USD
CY2015Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	12057000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	18444000	USD
CY2016Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	17718000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	62056000	USD
CY2015Q2	us-gaap	Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable	97000	USD
CY2016Q2	us-gaap	Notes Receivable Net NotesReceivableNet	17582000	USD
	us-gaap	Occupancy Costs OccupancyCosts	54254000	USD
CY2015Q2	us-gaap	Occupancy Revenue OccupancyRevenue	113714000	USD
	us-gaap	Occupancy Revenue OccupancyRevenue	215139000	USD
	us-gaap	Payments To Develop Real Estate Assets PaymentsToDevelopRealEstateAssets	0	USD
	us-gaap	Proceeds From Collection Of Loans Receivable ProceedsFromCollectionOfLoansReceivable	2000000	USD
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	1	Segment
CY2016Q2	us-gaap	Number Of States In Which Entity Operates NumberOfStatesInWhichEntityOperates	23	State
CY2015Q2	us-gaap	Occupancy Costs OccupancyCosts	27729000	USD
CY2016Q2	us-gaap	Occupancy Revenue OccupancyRevenue	119285000	USD
	us-gaap	Occupancy Costs OccupancyCosts	53235000	USD
CY2016Q2	us-gaap	Occupancy Costs OccupancyCosts	26985000	USD
	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	109182000	USD
	us-gaap	Payments To Develop Real Estate Assets PaymentsToDevelopRealEstateAssets	76000	USD
	us-gaap	Occupancy Revenue OccupancyRevenue	229880000	USD
CY2015Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	24521000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	43122000	USD
CY2016Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	25634000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	46302000	USD
CY2015Q4	us-gaap	Other Assets OtherAssets	9559000	USD
CY2016Q2	us-gaap	Other Assets OtherAssets	9307000	USD
CY2015Q2	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	465000	USD
	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	-296000	USD
CY2016Q2	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	-15000	USD
	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	-647000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-296000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-647000	USD
CY2015Q2	us-gaap	Other Direct Costs Of Hotels OtherDirectCostsOfHotels	15860000	USD
	us-gaap	Other Direct Costs Of Hotels OtherDirectCostsOfHotels	30895000	USD
CY2016Q2	us-gaap	Other Direct Costs Of Hotels OtherDirectCostsOfHotels	16843000	USD
	us-gaap	Other Direct Costs Of Hotels OtherDirectCostsOfHotels	33083000	USD
CY2015Q2	us-gaap	Other Hotel Operating Revenue OtherHotelOperatingRevenue	6963000	USD
	us-gaap	Other Hotel Operating Revenue OtherHotelOperatingRevenue	13186000	USD
CY2016Q2	us-gaap	Other Hotel Operating Revenue OtherHotelOperatingRevenue	7910000	USD
	us-gaap	Other Hotel Operating Revenue OtherHotelOperatingRevenue	15397000	USD
CY2015Q4	us-gaap	Other Liabilities OtherLiabilities	1811000	USD
CY2016Q2	us-gaap	Other Liabilities OtherLiabilities	2477000	USD
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-453000	USD
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-274000	USD
CY2015Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	546000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	785000	USD
CY2016Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	853000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	1193000	USD
	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	26040000	USD
	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	18205000	USD
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	1164000	USD
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	1948000	USD
	us-gaap	Payments To Acquire Notes Receivable PaymentsToAcquireNotesReceivable	2634000	USD
	us-gaap	Payments To Acquire Notes Receivable PaymentsToAcquireNotesReceivable	27500000	USD
	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	96614000	USD
CY2015Q2	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	4147000	USD
	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	8294000	USD
CY2016Q2	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	4147000	USD
	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	8294000	USD
CY2015Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2016Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2015Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	100000000	shares
CY2016Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	100000000	shares
CY2016Q2	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	6191000	USD
CY2015Q4	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	15281000	USD
CY2016Q2	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	8319000	USD
	us-gaap	Proceeds From Collection Of Loans Receivable ProceedsFromCollectionOfLoansReceivable	0	USD
	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	287000000	USD
CY2015Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	168493000	USD
CY2016Q2	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	196023000	USD
CY2015Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	1501900000	USD
CY2016Q2	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	1612656000	USD
	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	195000000	USD
	us-gaap	Proceeds From Issuance Of Preferred Stock And Preference Stock ProceedsFromIssuanceOfPreferredStockAndPreferenceStock	0	USD
	us-gaap	Proceeds From Issuance Of Preferred Stock And Preference Stock ProceedsFromIssuanceOfPreferredStockAndPreferenceStock	72337000	USD
	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-453000	USD
	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-717000	USD
	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	121000	USD
	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	134511000	USD
CY2015Q2	us-gaap	Profit Loss ProfitLoss	16301000	USD
	us-gaap	Profit Loss ProfitLoss	26892000	USD
CY2016Q2	us-gaap	Profit Loss ProfitLoss	21955000	USD
	us-gaap	Profit Loss ProfitLoss	70689000	USD
CY2015Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	1333407000	USD
CY2016Q2	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	1416633000	USD
	us-gaap	Repayments Of Debt RepaymentsOfDebt	192522000	USD
	us-gaap	Repayments Of Debt RepaymentsOfDebt	243509000	USD
CY2015Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	23073000	USD
CY2016Q2	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	25400000	USD
CY2016Q2	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	25363000	USD
CY2015Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-40635000	USD
CY2016Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-447000	USD
CY2015Q2	us-gaap	Revenues Revenues	120677000	USD
	us-gaap	Revenues Revenues	228325000	USD
CY2016Q2	us-gaap	Revenues Revenues	127195000	USD
	us-gaap	Revenues Revenues	245277000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	2008000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	2182000	USD
	us-gaap	Stock Issued During Period Shares Conversion Of Units StockIssuedDuringPeriodSharesConversionOfUnits	114947	shares
	us-gaap	Stock Issued During Period Shares Conversion Of Units StockIssuedDuringPeriodSharesConversionOfUnits	53636	shares
	us-gaap	Stock Issued During Period Shares Issued For Services StockIssuedDuringPeriodSharesIssuedForServices	3055	shares
	us-gaap	Stock Issued During Period Shares Issued For Services StockIssuedDuringPeriodSharesIssuedForServices	4073	shares
	us-gaap	Stock Issued During Period Shares Other StockIssuedDuringPeriodSharesOther	36385	shares
	us-gaap	Stock Issued During Period Shares Other StockIssuedDuringPeriodSharesOther	61622	shares
	us-gaap	Stock Issued During Period Shares Share Based Compensation Forfeited StockIssuedDuringPeriodSharesShareBasedCompensationForfeited	46030	shares
	us-gaap	Stock Issued During Period Shares Share Based Compensation Forfeited StockIssuedDuringPeriodSharesShareBasedCompensationForfeited	406	shares
	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	72337000	USD
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	2008000	USD
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	2182000	USD
CY2015Q4	us-gaap	Stockholders Equity StockholdersEquity	852711000	USD
CY2016Q2	us-gaap	Stockholders Equity StockholdersEquity	966493000	USD
CY2014Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	785201000	USD
CY2015Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	784597000	USD
CY2015Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	856926000	USD
CY2016Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	970490000	USD
CY2015Q4	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	5560000	USD
CY2015Q2	us-gaap	Undistributed Earnings UndistributedEarnings	12019000	USD
	us-gaap	Undistributed Earnings UndistributedEarnings	18384000	USD
CY2016Q2	us-gaap	Undistributed Earnings UndistributedEarnings	17667000	USD
	us-gaap	Undistributed Earnings UndistributedEarnings	61976000	USD
CY2015Q2	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	38000	USD
	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	60000	USD
CY2016Q2	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	51000	USD
	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	80000	USD
CY2016Q2	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0	USD
CY2015Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	87008000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	86947000	shares
CY2016Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	87355000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	87264000	shares
CY2015Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	85831000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	85768000	shares
CY2016Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	86433000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	86396000	shares
	us-gaap	Nature Of Operations NatureOfOperations	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">DESCRIPTION OF BUSINESS</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Summit Hotel Properties, Inc. (the “Company”) is a self-managed hotel investment company that was organized on June 30, 2010, as a Maryland corporation. The Company holds both general and limited partnership interests in Summit Hotel OP, LP (the “Operating Partnership”), a Delaware limited partnership also organized on June 30, 2010. On February 14, 2011, the Company closed on its initial public offering ("IPO") and completed certain formation transactions, including the merger of Summit Hotel Properties, LLC, our predecessor company, with and into the Operating Partnership. Unless the context otherwise requires, “we,” “us,” and “our” refer to the Company and its consolidated subsidiaries.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">At </font><font style="font-family:inherit;font-size:10pt;">June 30, 2016</font><font style="font-family:inherit;font-size:10pt;">, our portfolio consists of </font><font style="font-family:inherit;font-size:10pt;">80</font><font style="font-family:inherit;font-size:10pt;"> Upscale and Upper-midscale hotels with a tota</font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">l of</font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;"> </font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">10,716</font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;"> </font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">gues</font><font style="font-family:inherit;font-size:10pt;">trooms located in </font><font style="font-family:inherit;font-size:10pt;">23</font><font style="font-family:inherit;font-size:10pt;"> states. We have elected to be taxed as a real estate investment trust (“REIT”) for federal income tax purposes commencing with our short taxable year ended December 31, 2011. To qualify as a REIT, we cannot operate or manage our hotels. Accordingly, all of our hotels are leased to subsidiaries (“TRS Lessees”) of our taxable REIT subsidiary (“TRS”). We indirectly own </font><font style="font-family:inherit;font-size:10pt;">100%</font><font style="font-family:inherit;font-size:10pt;"> of the outstanding equity interests in all of our TRS Lessees.</font></div></div>
	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"></font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Reclassifications</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain amounts reported in previous periods have been reclassified to conform to the current presentation primarily as a result of adopting new accounting standards in the current year.  Reclassifications had no net effect on the Company’s previously reported consolidated financial position or consolidated results of operations.</font></div></div>
	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</font></div></div>

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$INN
Summit Hotel Properties, Inc. Stock $inn

2016 Q2 Form 10-Q Financial Statement

#000149764516000010 Filed on August 02, 2016

Income Statement

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Facts In Submission

Files In Submission

$INN Summit Hotel Properties, Inc. Stock $inn

2016 Q2 Form 10-Q Financial Statement

#000149764516000010 Filed on August 02, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$INN
Summit Hotel Properties, Inc. Stock $inn