$INN
Summit Hotel Properties, Inc. Stock $inn

$inn Overview Financials Valuation SEC Filings Company Website

2016 Q4 Form 10-Q Financial Statement

#000149764516000014 Filed on November 02, 2016

Income Statement

Concept	2016 Q4	2016 Q3	2015 Q4
Revenue	$110.3M	$118.3M	$110.0M
YoY Change	0.26%	-5.4%	11.04%
Cost Of Revenue	$71.30M	$73.53M	$72.90M
YoY Change	-2.19%	-6.2%	9.13%
Gross Profit	$39.10M	$44.81M	$37.20M
YoY Change	5.11%	-4.05%	14.81%
Gross Profit Margin	35.44%	37.86%	33.81%
Selling, General & Admin	$4.900M	$4.400M	$4.400M
YoY Change	11.36%	-36.23%	-2.22%
% of Gross Profit	12.53%	9.82%	11.83%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$18.70M	$17.90M	$17.50M
YoY Change	6.86%	12.58%	0.0%
% of Gross Profit	47.83%	39.95%	47.04%
Operating Expenses	$23.60M	$22.30M	$21.90M
YoY Change	7.76%	-2.19%	4.78%
Operating Profit	$15.50M	$21.43M	$15.30M
YoY Change	1.31%	-2.3%	33.04%
Interest Expense	-$6.900M	$6.626M	-$7.400M
YoY Change	-6.76%	-18.03%	7.25%
% of Operating Profit	-44.52%	30.92%	-48.37%
Other Income/Expense, Net	$700.0K	$4.526M	$11.10M
YoY Change	-93.69%	-155.59%	-11200.0%
Pretax Income	$8.500M	$25.95M	$83.70M
YoY Change	-89.84%	88.2%	1802.27%
Income Tax	-$1.900M	-$1.200M	-$1.000M
% Of Pretax Income	-22.35%	-4.62%	-1.19%
Net Earnings	$10.37M	$27.08M	$84.16M
YoY Change	-87.68%	100.02%	1690.62%
Net Earnings / Revenue	9.4%	22.89%	76.48%
Basic Earnings Per Share		$0.25	$0.93
Diluted Earnings Per Share	$117.9K	$0.25	$0.92
COMMON SHARES
Basic Shares Outstanding	87.35M shares	86.49M shares
Diluted Shares Outstanding		87.40M shares

Balance Sheet

Concept	2016 Q4	2016 Q3	2015 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$34.70M	$40.50M	$29.30M
YoY Change	18.43%	26.56%	-24.09%
Cash & Equivalents	$34.69M	$40.49M	$29.33M
Short-Term Investments
Other Short-Term Assets	$6.500M	$8.000M	$15.30M
YoY Change	-57.52%	-62.79%	146.77%
Inventory
Prepaid Expenses
Receivables	$11.80M	$15.20M	$9.400M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$53.00M	$63.70M	$54.00M
YoY Change	-1.85%	-3.34%	2.86%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.539B	$1.471B	$1.333B
YoY Change	15.41%	16.07%	-0.45%
Goodwill
YoY Change
Intangibles	$6.254M
YoY Change
Long-Term Investments	$17.60M	$17.60M	$12.80M
YoY Change	37.5%		4166.67%
Other Assets	$91.30M	$91.90M	$159.8M
YoY Change	-42.87%	-63.93%	259.1%
Total Long-Term Assets	$1.666B	$1.597B	$1.521B
YoY Change	9.47%	3.42%	8.17%
TOTAL ASSETS
Total Short-Term Assets	$53.00M	$63.70M	$54.00M
Total Long-Term Assets	$1.666B	$1.597B	$1.521B
Total Assets	$1.719B	$1.660B	$1.575B
YoY Change	9.08%	3.14%	7.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$4.600M	$4.200M	$2.900M
YoY Change	58.62%	-2.33%	-60.27%
Accrued Expenses	$46.90M	$53.80M	$42.20M
YoY Change	11.14%	14.23%	10.76%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$51.50M	$58.00M	$45.10M
YoY Change	14.19%	12.84%	-0.66%
LONG-TERM LIABILITIES
Long-Term Debt	$652.4M	$618.9M	$671.5M
YoY Change	-2.84%	-19.62%	7.18%
Other Long-Term Liabilities	$1.100M	$1.900M	$1.800M
YoY Change	-38.89%	-45.71%	-10.0%
Total Long-Term Liabilities	$653.5M	$620.8M	$673.3M
YoY Change	-2.94%	-19.74%	7.13%
TOTAL LIABILITIES
Total Short-Term Liabilities	$51.50M	$58.00M	$45.10M
Total Long-Term Liabilities	$653.5M	$620.8M	$673.3M
Total Liabilities	$705.0M	$678.8M	$718.5M
YoY Change	-1.87%	-18.15%	5.75%
SHAREHOLDERS EQUITY
Retained Earnings	-$1.422M	$9.470M	-$40.64M
YoY Change	-96.5%
Common Stock	$935.0K	$873.0K	$868.0K
YoY Change	7.72%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.010B	$977.4M	$852.7M
YoY Change
Total Liabilities & Shareholders Equity	$1.719B	$1.660B	$1.575B
YoY Change	9.08%	3.14%	7.98%

Cashflow Statement

Concept	2016 Q4	2016 Q3	2015 Q4
OPERATING ACTIVITIES
Net Income	$10.37M	$27.08M	$84.16M
YoY Change	-87.68%	100.02%	1690.62%
Depreciation, Depletion And Amortization	$18.70M	$17.90M	$17.50M
YoY Change	6.86%	12.58%	0.0%
Cash From Operating Activities	$24.30M	$42.90M	$35.80M
YoY Change	-32.12%	3.87%	54.98%
INVESTING ACTIVITIES
Capital Expenditures	-$75.00M	-$60.50M	-$82.70M
YoY Change	-9.31%	5.77%	-82800.0%
Acquisitions
YoY Change
Other Investing Activities	-$6.100M	$3.500M	$152.2M
YoY Change	-104.01%	-115.49%	-2243.66%
Cash From Investing Activities	-$81.20M	-$56.90M	$69.50M
YoY Change	-216.83%	-28.7%	-1107.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	52.90M	-21.90M	-108.0M
YoY Change	-148.98%	-165.37%	778.05%
NET CHANGE
Cash From Operating Activities	24.30M	42.90M	35.80M
Cash From Investing Activities	-81.20M	-56.90M	69.50M
Cash From Financing Activities	52.90M	-21.90M	-108.0M
Net Change In Cash	-4.000M	-35.90M	-2.700M
YoY Change	48.15%	618.0%	-169.23%
FREE CASH FLOW
Cash From Operating Activities	$24.30M	$42.90M	$35.80M
Capital Expenditures	-$75.00M	-$60.50M	-$82.70M
Free Cash Flow	$99.30M	$103.4M	$118.5M
YoY Change	-16.2%	4.97%	415.22%

Facts In Submission

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	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2016
	dei	Document Period End Date DocumentPeriodEndDate	2016-09-30
	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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	inn	Acquisition Related Expenses Net AcquisitionRelatedExpensesNet	2809000	USD
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	inn	Business Acquisition Pro Forma Income Before Taxes BusinessAcquisitionProFormaIncomeBeforeTaxes	51091000	USD
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	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	1613000	USD
	us-gaap	Increase Decrease In Restricted Cash For Operating Activities IncreaseDecreaseInRestrictedCashForOperatingActivities	2386000	USD
	us-gaap	Increase Decrease In Restricted Cash For Operating Activities IncreaseDecreaseInRestrictedCashForOperatingActivities	881000	USD
CY2015Q3	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	1070000	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	1156000	shares
CY2016Q3	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	909000	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	891000	shares
CY2015Q3	us-gaap	Interest Expense InterestExpense	8083000	USD
	us-gaap	Interest Expense InterestExpense	22985000	USD
CY2016Q3	us-gaap	Interest Expense InterestExpense	6626000	USD
	us-gaap	Interest Expense InterestExpense	21232000	USD
	us-gaap	Interest Paid InterestPaid	22265000	USD
	us-gaap	Interest Paid InterestPaid	19425000	USD
	us-gaap	Interest Paid Capitalized InterestPaidCapitalized	76000	USD
	us-gaap	Interest Paid Capitalized InterestPaidCapitalized	0	USD
CY2015Q4	us-gaap	Land Available For Development LandAvailableForDevelopment	5742000	USD
CY2016Q3	us-gaap	Land Available For Development LandAvailableForDevelopment	5742000	USD
CY2015Q3	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	400000	USD
	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	1000000	USD
CY2016Q3	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	400000	USD
	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	1200000	USD
CY2015Q4	us-gaap	Liabilities Liabilities	718468000	USD
CY2016Q3	us-gaap	Liabilities Liabilities	678796000	USD
CY2015Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1575394000	USD
CY2016Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1660228000	USD
CY2015Q4	us-gaap	Long Term Debt LongTermDebt	671536000	USD
CY2016Q3	us-gaap	Long Term Debt LongTermDebt	618892000	USD
CY2015Q4	us-gaap	Longterm Debt Percentage Bearing Fixed Interest Amount LongtermDebtPercentageBearingFixedInterestAmount	402673000	USD
CY2016Q3	us-gaap	Longterm Debt Percentage Bearing Fixed Interest Amount LongtermDebtPercentageBearingFixedInterestAmount	361666000	USD
CY2015Q4	us-gaap	Longterm Debt Percentage Bearing Variable Interest Amount LongtermDebtPercentageBearingVariableInterestAmount	274423000	USD
CY2016Q3	us-gaap	Longterm Debt Percentage Bearing Variable Interest Amount LongtermDebtPercentageBearingVariableInterestAmount	262884000	USD
CY2015Q4	us-gaap	Minority Interest In Operating Partnerships MinorityInterestInOperatingPartnerships	4215000	USD
CY2016Q3	us-gaap	Minority Interest In Operating Partnerships MinorityInterestInOperatingPartnerships	3996000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	97563000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-30975000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-200562000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-70239000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	96372000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	112379000	USD
CY2015Q3	us-gaap	Net Income Loss NetIncomeLoss	13540000	USD
	us-gaap	Net Income Loss NetIncomeLoss	40278000	USD
CY2016Q3	us-gaap	Net Income Loss NetIncomeLoss	27083000	USD
	us-gaap	Net Income Loss NetIncomeLoss	97433000	USD
CY2015Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	9393000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	27837000	USD
CY2016Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	22090000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	84146000	USD
CY2015Q3	us-gaap	Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable	66000	USD
	us-gaap	Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable	454000	USD
	us-gaap	Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable	220000	USD
CY2016Q3	us-gaap	Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable	115000	USD
CY2015Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-8142000	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-22970000	USD
CY2016Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	4526000	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	30619000	USD
CY2015Q4	us-gaap	Notes Receivable Net NotesReceivableNet	12803000	USD
CY2016Q3	us-gaap	Notes Receivable Net NotesReceivableNet	17582000	USD
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	1	Segment
CY2016Q3	us-gaap	Number Of States In Which Entity Operates NumberOfStatesInWhichEntityOperates	23	State
CY2015Q3	us-gaap	Occupancy Costs OccupancyCosts	29428000	USD
	us-gaap	Occupancy Costs OccupancyCosts	82663000	USD
CY2016Q3	us-gaap	Occupancy Costs OccupancyCosts	28705000	USD
	us-gaap	Occupancy Costs OccupancyCosts	82959000	USD
CY2015Q3	us-gaap	Occupancy Revenue OccupancyRevenue	118292000	USD
	us-gaap	Occupancy Revenue OccupancyRevenue	333431000	USD
CY2016Q3	us-gaap	Occupancy Revenue OccupancyRevenue	110777000	USD
	us-gaap	Occupancy Revenue OccupancyRevenue	340657000	USD
CY2015Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	21932000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	65054000	USD
CY2016Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	21427000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	67729000	USD
CY2015Q4	us-gaap	Other Assets OtherAssets	9559000	USD
CY2016Q3	us-gaap	Other Assets OtherAssets	10510000	USD
CY2015Q3	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	-742000	USD
	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	-1038000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	545000	USD
	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	-102000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-1038000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-102000	USD
CY2015Q3	us-gaap	Other Direct Costs Of Hotels OtherDirectCostsOfHotels	17073000	USD
	us-gaap	Other Direct Costs Of Hotels OtherDirectCostsOfHotels	47968000	USD
CY2016Q3	us-gaap	Other Direct Costs Of Hotels OtherDirectCostsOfHotels	15513000	USD
	us-gaap	Other Direct Costs Of Hotels OtherDirectCostsOfHotels	48596000	USD
CY2015Q3	us-gaap	Other Hotel Operating Revenue OtherHotelOperatingRevenue	6799000	USD
	us-gaap	Other Hotel Operating Revenue OtherHotelOperatingRevenue	19985000	USD
CY2016Q3	us-gaap	Other Hotel Operating Revenue OtherHotelOperatingRevenue	7559000	USD
	us-gaap	Other Hotel Operating Revenue OtherHotelOperatingRevenue	22956000	USD
CY2015Q4	us-gaap	Other Liabilities OtherLiabilities	1811000	USD
CY2016Q3	us-gaap	Other Liabilities OtherLiabilities	1913000	USD
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-1356000	USD
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	573000	USD
CY2015Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-58000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	727000	USD
CY2016Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	661000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	1854000	USD
	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	34432000	USD
	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	31098000	USD
	us-gaap	Stock Issued During Period Shares Share Based Compensation Forfeited StockIssuedDuringPeriodSharesShareBasedCompensationForfeited	46030	shares
	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 Of Financing Costs PaymentsOfFinancingCosts	2100000	USD
	us-gaap	Stock Issued During Period Shares Share Based Compensation Forfeited StockIssuedDuringPeriodSharesShareBasedCompensationForfeited	406	shares
	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	153798000	USD
	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	169654000	USD
CY2015Q3	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	4147000	USD
	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	12441000	USD
CY2016Q3	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	4993000	USD
	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	13287000	USD
CY2015Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2016Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2015Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	100000000	shares
CY2016Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	100000000	shares
CY2015Q4	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	15281000	USD
CY2016Q3	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	8013000	USD
	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	480408000	USD
	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	250000000	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	72290000	USD
	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-738000	USD
	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-1265000	USD
	us-gaap	Proceeds From Sale And Collection Of Loans Receivable ProceedsFromSaleAndCollectionOfLoansReceivable	0	USD
	us-gaap	Proceeds From Sale And Collection Of Loans Receivable ProceedsFromSaleAndCollectionOfLoansReceivable	7814000	USD
	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	121000	USD
	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	145366000	USD
CY2015Q3	us-gaap	Profit Loss ProfitLoss	13606000	USD
	us-gaap	Profit Loss ProfitLoss	40498000	USD
CY2016Q3	us-gaap	Profit Loss ProfitLoss	27198000	USD
	us-gaap	Profit Loss ProfitLoss	97887000	USD
CY2015Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	168493000	USD
CY2016Q3	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	209724000	USD
CY2015Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	1501900000	USD
CY2016Q3	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	1680473000	USD
CY2015Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	1333407000	USD
CY2016Q3	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	1470749000	USD
	us-gaap	Repayments Of Debt RepaymentsOfDebt	336901000	USD
	us-gaap	Repayments Of Debt RepaymentsOfDebt	302546000	USD
CY2015Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	23073000	USD
CY2016Q3	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	25600000	USD
CY2016Q3	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	25567000	USD
CY2015Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-40635000	USD
CY2016Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	9470000	USD
CY2015Q3	us-gaap	Revenues Revenues	125091000	USD
	us-gaap	Revenues Revenues	353416000	USD
CY2016Q3	us-gaap	Revenues Revenues	118336000	USD
	us-gaap	Revenues Revenues	363613000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	3968000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	3202000	USD
	us-gaap	Shares Paid For Tax Withholding For Share Based Compensation SharesPaidForTaxWithholdingForShareBasedCompensation	36385	shares
	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	72290000	USD
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	3968000	USD
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	3202000	USD
	us-gaap	Shares Paid For Tax Withholding For Share Based Compensation SharesPaidForTaxWithholdingForShareBasedCompensation	61622	shares
	us-gaap	Stock Issued During Period Shares Conversion Of Units StockIssuedDuringPeriodSharesConversionOfUnits	172429	shares
	us-gaap	Stock Issued During Period Shares Conversion Of Units StockIssuedDuringPeriodSharesConversionOfUnits	61056	shares
CY2015Q4	us-gaap	Stockholders Equity StockholdersEquity	852711000	USD
	us-gaap	Stock Issued During Period Shares Issued For Services StockIssuedDuringPeriodSharesIssuedForServices	4716	shares
	us-gaap	Stock Issued During Period Shares Issued For Services StockIssuedDuringPeriodSharesIssuedForServices	5851	shares
CY2016Q3	us-gaap	Stockholders Equity StockholdersEquity	977436000	USD
CY2014Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	785201000	USD
CY2015Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	784785000	USD
CY2015Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	856926000	USD
CY2016Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	981432000	USD
CY2015Q4	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	5560000	USD
CY2016Q3	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	5658000	USD
CY2015Q3	us-gaap	Undistributed Earnings UndistributedEarnings	9364000	USD
	us-gaap	Undistributed Earnings UndistributedEarnings	27748000	USD
CY2016Q3	us-gaap	Undistributed Earnings UndistributedEarnings	22043000	USD
	us-gaap	Undistributed Earnings UndistributedEarnings	84019000	USD
CY2015Q3	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	29000	USD
	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	89000	USD
CY2016Q3	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	47000	USD
	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	127000	USD
CY2016Q3	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0	USD
CY2015Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	87065000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	87000000	shares
CY2016Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	87401000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	87319000	shares
CY2015Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	85995000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	85844000	shares
CY2016Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	86492000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	86428000	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;">We focus primarily on owning premium-branded, select-service hotels. At </font><font style="font-family:inherit;font-size:10pt;">September 30, 2016</font><font style="font-family:inherit;font-size:10pt;">, our portfolio consisted of </font><font style="font-family:inherit;font-size:10pt;">80</font><font style="font-family:inherit;font-size:10pt;"> 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;">10,751</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 Q4 Form 10-Q Financial Statement

#000149764516000014 Filed on November 02, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$INN Summit Hotel Properties, Inc. Stock $inn

2016 Q4 Form 10-Q Financial Statement

#000149764516000014 Filed on November 02, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$INN
Summit Hotel Properties, Inc. Stock $inn