$INN
Summit Hotel Properties, Inc. Stock $inn

$inn Overview Financials Valuation SEC Filings Company Website

2017 Q2 Form 10-Q Financial Statement

#000149764517000009 Filed on August 02, 2017

Income Statement

Concept	2017 Q2	2016 Q2
Revenue	$129.1M	$127.2M
YoY Change	1.46%	5.4%
Cost Of Revenue	$79.50M	$76.76M
YoY Change	3.57%	1.97%
Gross Profit	$49.56M	$50.44M
YoY Change	-1.75%	11.1%
Gross Profit Margin	38.4%	39.65%
Selling, General & Admin	$5.300M	$5.400M
YoY Change	-1.85%	0.0%
% of Gross Profit	10.69%	10.71%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$19.80M	$17.70M
YoY Change	11.86%	14.94%
% of Gross Profit	39.95%	35.09%
Operating Expenses	$25.00M	$23.10M
YoY Change	8.23%	11.06%
Operating Profit	$24.52M	$25.63M
YoY Change	-4.37%	4.54%
Interest Expense	$6.927M	$7.123M
YoY Change	-2.75%	-6.95%
% of Operating Profit	28.26%	27.79%
Other Income/Expense, Net	$9.991M	-$3.544M
YoY Change	-381.91%	-51.56%
Pretax Income	$34.51M	$22.09M
YoY Change	56.21%	28.4%
Income Tax	$423.0K	$100.0K
% Of Pretax Income	1.23%	0.45%
Net Earnings	$33.97M	$21.87M
YoY Change	55.36%	34.94%
Net Earnings / Revenue	26.32%	17.19%
Basic Earnings Per Share	$0.30	$0.20
Diluted Earnings Per Share	$0.30	$0.20
COMMON SHARES
Basic Shares Outstanding	98.18M shares	86.43M shares
Diluted Shares Outstanding	98.71M shares	87.36M shares

Balance Sheet

Concept	2017 Q2	2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$29.80M	$76.40M
YoY Change	-60.99%	106.49%
Cash & Equivalents	$29.82M	$76.44M
Short-Term Investments
Other Short-Term Assets	$8.700M	$8.300M
YoY Change	4.82%	7.79%
Inventory
Prepaid Expenses
Receivables	$17.90M	$14.90M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$56.40M	$99.60M
YoY Change	-43.37%	74.13%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.858B	$1.417B
YoY Change	31.12%	16.59%
Goodwill
YoY Change
Intangibles	$21.72M
YoY Change
Long-Term Investments	$22.80M	$17.60M
YoY Change	29.55%
Other Assets	$51.00M	$98.20M
YoY Change	-48.07%	-61.7%
Total Long-Term Assets	$1.940B	$1.548B
YoY Change	25.37%	3.59%
TOTAL ASSETS
Total Short-Term Assets	$56.40M	$99.60M
Total Long-Term Assets	$1.940B	$1.548B
Total Assets	$1.997B	$1.647B
YoY Change	21.21%	6.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$7.600M	$4.800M
YoY Change	58.33%	54.84%
Accrued Expenses	$47.50M	$47.00M
YoY Change	1.06%	16.92%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$55.10M	$51.80M
YoY Change	6.37%	19.63%
LONG-TERM LIABILITIES
Long-Term Debt	$735.2M	$622.4M
YoY Change	18.12%	-13.68%
Other Long-Term Liabilities	$600.0K	$2.500M
YoY Change	-76.0%	13.64%
Total Long-Term Liabilities	$735.8M	$624.9M
YoY Change	17.75%	-13.59%
TOTAL LIABILITIES
Total Short-Term Liabilities	$55.10M	$51.80M
Total Long-Term Liabilities	$735.8M	$624.9M
Total Liabilities	$791.0M	$676.7M
YoY Change	16.89%	-12.28%
SHAREHOLDERS EQUITY
Retained Earnings	$24.32M	-$447.0K
YoY Change	-5540.27%
Common Stock	$1.042M	$873.0K
YoY Change	19.36%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.202B	$966.5M
YoY Change
Total Liabilities & Shareholders Equity	$1.997B	$1.647B
YoY Change	21.21%	6.19%

Cashflow Statement

Concept	2017 Q2	2016 Q2
OPERATING ACTIVITIES
Net Income	$33.97M	$21.87M
YoY Change	55.36%	34.94%
Depreciation, Depletion And Amortization	$19.80M	$17.70M
YoY Change	11.86%	14.94%
Cash From Operating Activities	$39.50M	$45.00M
YoY Change	-12.22%	29.68%
INVESTING ACTIVITIES
Capital Expenditures	-$306.6M	$0.00
YoY Change		-100.0%
Acquisitions
YoY Change
Other Investing Activities	$67.50M	$16.60M
YoY Change	306.63%	-363.49%
Cash From Investing Activities	-$239.1M	$16.60M
YoY Change	-1540.36%	-116.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	162.1M	-19.10M
YoY Change	-948.69%	-124.9%
NET CHANGE
Cash From Operating Activities	39.50M	45.00M
Cash From Investing Activities	-239.1M	16.60M
Cash From Financing Activities	162.1M	-19.10M
Net Change In Cash	-37.50M	42.50M
YoY Change	-188.24%	400.0%
FREE CASH FLOW
Cash From Operating Activities	$39.50M	$45.00M
Capital Expenditures	-$306.6M	$0.00
Free Cash Flow	$346.1M	$45.00M
YoY Change	669.11%	-65.73%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
	dei	Document Period End Date DocumentPeriodEndDate	2017-06-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0001497645
CY2017Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	104265488	shares
	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	2282000	USD
CY2017Q2	inn	Acquisition Related Expenses Net AcquisitionRelatedExpensesNet	0	USD
	inn	Acquisition Related Expenses Net AcquisitionRelatedExpensesNet	354000	USD
CY2017Q2	inn	Business Acquisition Other Assets And Capitalized Transaction Costs BusinessAcquisitionOtherAssetsAndCapitalizedTransactionCosts	2100000	USD
CY2017Q2	inn	Business Acquisition Other Assets And Capitalized Transaction Costs Accruedand Unpaid BusinessAcquisitionOtherAssetsAndCapitalizedTransactionCostsAccruedandUnpaid	200000	USD
CY2016Q2	inn	Business Acquisition Pro Forma Income Before Taxes BusinessAcquisitionProFormaIncomeBeforeTaxes	29593000	USD
	inn	Business Acquisition Pro Forma Income Before Taxes BusinessAcquisitionProFormaIncomeBeforeTaxes	50908000	USD
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	inn	Business Acquisition Pro Forma Income Before Taxes BusinessAcquisitionProFormaIncomeBeforeTaxes	44409000	USD
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	inn	Business Acquisition Pro Forma Incomefrom Hotel Operations BusinessAcquisitionProFormaIncomefromHotelOperations	109051000	USD
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	inn	Business Acquisition Pro Forma Incomefrom Hotel Operations BusinessAcquisitionProFormaIncomefromHotelOperations	103388000	USD
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	inn	Business Acquisitions Pro Forma Profit Loss BusinessAcquisitionsProFormaProfitLoss	49202000	USD
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CY2016Q2	inn	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Furniture Fixtures And Equipment BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedFurnitureFixturesAndEquipment	2130000	USD
CY2017Q2	inn	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Furniture Fixtures And Equipment BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedFurnitureFixturesAndEquipment	14314000	USD
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CY2016Q2	inn	Business Combination Settlement Amountof Net Working Capital Assets BusinessCombinationSettlementAmountofNetWorkingCapitalAssets	200000	USD
CY2017Q2	inn	Business Combination Settlement Amountof Net Working Capital Assets BusinessCombinationSettlementAmountofNetWorkingCapitalAssets	800000	USD
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	inn	Comprehensive Income Loss Available To Common Stockholders ComprehensiveIncomeLossAvailableToCommonStockholders	61413000	USD
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	inn	Comprehensive Income Loss Available To Common Stockholders ComprehensiveIncomeLossAvailableToCommonStockholders	59176000	USD
CY2017Q2	inn	Debt Instrument Collateral Number Of Real Estate Properties DebtInstrumentCollateralNumberOfRealEstateProperties	36	Property
CY2016Q4	inn	Deferred Costs Net DeferredCostsNet	3727000	USD
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CY2017Q2	inn	Employee Service Share Based Compensation Nonvested Awards Compensation Cost Remainder Of Fiscal Year EmployeeServiceShareBasedCompensationNonvestedAwardsCompensationCostRemainderOfFiscalYear	2781000	USD
CY2017Q2	inn	Employee Service Share Based Compensation Nonvested Awards Compensation Cost Year Four EmployeeServiceShareBasedCompensationNonvestedAwardsCompensationCostYearFour	391000	USD
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CY2017Q2	inn	Employee Service Share Based Compensation Nonvested Awards Compensation Cost Year Two EmployeeServiceShareBasedCompensationNonvestedAwardsCompensationCostYearTwo	3977000	USD
CY2017Q2	inn	Employee Service Sharebased Compensation Nonvested Awards Compensation Cost Year Five EmployeeServiceSharebasedCompensationNonvestedAwardsCompensationCostYearFive	10000	USD
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	inn	Net Income Loss Attributable To Noncontrolling Interest Excluding Discontinued Operations NetIncomeLossAttributableToNoncontrollingInterestExcludingDiscontinuedOperations	339000	USD
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	inn	Net Income Loss Attributable To Noncontrolling Interest Excluding Discontinued Operations NetIncomeLossAttributableToNoncontrollingInterestExcludingDiscontinuedOperations	234000	USD
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CY2016Q4	us-gaap	Below Market Lease Accumulated Amortization BelowMarketLeaseAccumulatedAmortization	190000	USD
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CY2016Q2	us-gaap	Cost Of Other Property Operating Expense CostOfOtherPropertyOperatingExpense	32929000	USD
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	us-gaap	Cost Of Other Property Operating Expense CostOfOtherPropertyOperatingExpense	64477000	USD
CY2016Q2	us-gaap	Cost Of Revenue CostOfRevenue	76757000	USD
	us-gaap	Cost Of Revenue CostOfRevenue	150895000	USD
CY2017Q2	us-gaap	Cost Of Revenue CostOfRevenue	79499000	USD
	us-gaap	Cost Of Revenue CostOfRevenue	154703000	USD
CY2016Q2	us-gaap	Costs And Expenses CostsAndExpenses	101561000	USD
	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	1933000	USD
	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	-231000	USD
	us-gaap	Costs And Expenses CostsAndExpenses	198975000	USD
CY2017Q2	us-gaap	Costs And Expenses CostsAndExpenses	104541000	USD
	us-gaap	Costs And Expenses CostsAndExpenses	203963000	USD
CY2016Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	657550000	USD
CY2017Q2	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	739374000	USD
CY2016	us-gaap	Debt Instrument Interest Rate During Period DebtInstrumentInterestRateDuringPeriod	0.0369
	us-gaap	Debt Instrument Interest Rate During Period DebtInstrumentInterestRateDuringPeriod	0.0371
CY2016Q1	us-gaap	Deferred Gain On Sale Of Property DeferredGainOnSaleOfProperty	20000000	USD
CY2016Q2	us-gaap	Depreciation And Amortization DepreciationAndAmortization	17685000	USD
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	35828000	USD
CY2017Q2	us-gaap	Depreciation And Amortization DepreciationAndAmortization	19732000	USD
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	38458000	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	35828000	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	38458000	USD
CY2016Q4	us-gaap	Derivative Liabilities DerivativeLiabilities	1118000	USD
CY2017Q2	us-gaap	Derivative Liabilities DerivativeLiabilities	595000	USD
CY2016Q4	us-gaap	Development In Process DevelopmentInProcess	0	USD
CY2017Q2	us-gaap	Development In Process DevelopmentInProcess	12665000	USD
	us-gaap	Dividends Cash DividendsCash	30280000	USD
	us-gaap	Dividends Cash DividendsCash	41441000	USD
CY2016Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.20
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.72
CY2017Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.30
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.61
CY2016Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.20
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.71
CY2017Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.30
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.61
CY2017Q2	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	9509000	USD
CY2016Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	348000	USD
CY2017Q2	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	590000	USD
CY2016Q2	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	2726000	USD
	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	39506000	USD
CY2017Q2	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	16350000	USD
	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	35806000	USD
	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	37506000	USD
	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	20806000	USD
CY2016Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	5391000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	9970000	USD
CY2017Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	5310000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	10448000	USD
CY2016Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	22090000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	72395000	USD
CY2017Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	34506000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	68133000	USD
CY2016Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	135000	USD
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	463000	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	1883000	USD
CY2016Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	100000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1700000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1706000	USD
CY2017Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	400000	USD
CY2017Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	423000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	800000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	844000	USD
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	868000	USD
	us-gaap	Increase Decrease In Restricted Cash For Operating Activities IncreaseDecreaseInRestrictedCashForOperatingActivities	357000	USD
	us-gaap	Increase Decrease In Restricted Cash For Operating Activities IncreaseDecreaseInRestrictedCashForOperatingActivities	910000	USD
CY2016Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	922000	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	868000	shares
CY2017Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	522000	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	495000	shares
CY2016Q4	us-gaap	Intangible Assets Gross Excluding Goodwill IntangibleAssetsGrossExcludingGoodwill	6602000	USD
CY2017Q2	us-gaap	Intangible Assets Gross Excluding Goodwill IntangibleAssetsGrossExcludingGoodwill	22312000	USD
CY2016Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	6254000	USD
CY2017Q2	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	21722000	USD
CY2016Q2	us-gaap	Interest Expense InterestExpense	7123000	USD
	us-gaap	Interest Expense InterestExpense	14606000	USD
CY2017Q2	us-gaap	Interest Expense InterestExpense	6927000	USD
	us-gaap	Interest Expense InterestExpense	13718000	USD
	us-gaap	Interest Paid InterestPaid	13016000	USD
	us-gaap	Interest Paid InterestPaid	12743000	USD
	us-gaap	Interest Paid Capitalized InterestPaidCapitalized	0	USD
	us-gaap	Interest Paid Capitalized InterestPaidCapitalized	73000	USD
CY2016Q4	us-gaap	Land Available For Development LandAvailableForDevelopment	5742000	USD
CY2017Q2	us-gaap	Land Available For Development LandAvailableForDevelopment	2942000	USD
CY2016Q2	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	500000	USD
	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	800000	USD
CY2017Q2	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	400000	USD
	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	900000	USD
CY2016Q4	us-gaap	Liabilities Liabilities	705035000	USD
CY2017Q2	us-gaap	Liabilities Liabilities	790997000	USD
CY2016Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1718505000	USD
CY2017Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1996541000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-647000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	523000	USD
CY2016Q2	us-gaap	Net Income Loss NetIncomeLoss	21865000	USD
	us-gaap	Net Income Loss NetIncomeLoss	70350000	USD
CY2016Q4	us-gaap	Long Term Debt LongTermDebt	652414000	USD
CY2017Q2	us-gaap	Long Term Debt LongTermDebt	735206000	USD
CY2016Q4	us-gaap	Longterm Debt Percentage Bearing Fixed Interest Amount LongtermDebtPercentageBearingFixedInterestAmount	359867000	USD
CY2017Q2	us-gaap	Longterm Debt Percentage Bearing Fixed Interest Amount LongtermDebtPercentageBearingFixedInterestAmount	342157000	USD
CY2016Q4	us-gaap	Longterm Debt Percentage Bearing Variable Interest Amount LongtermDebtPercentageBearingVariableInterestAmount	297683000	USD
CY2017Q2	us-gaap	Longterm Debt Percentage Bearing Variable Interest Amount LongtermDebtPercentageBearingVariableInterestAmount	397217000	USD
CY2016Q4	us-gaap	Minority Interest In Operating Partnerships MinorityInterestInOperatingPartnerships	3428000	USD
CY2017Q2	us-gaap	Minority Interest In Operating Partnerships MinorityInterestInOperatingPartnerships	3282000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-9117000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	203226000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-13313000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-277284000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	69541000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	69183000	USD
CY2017Q2	us-gaap	Net Income Loss NetIncomeLoss	33969000	USD
	us-gaap	Net Income Loss NetIncomeLoss	67055000	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
CY2017Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	29769000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	58655000	USD
CY2016Q2	us-gaap	Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable	90000	USD
	us-gaap	Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable	339000	USD
CY2017Q2	us-gaap	Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable	114000	USD
	us-gaap	Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable	234000	USD
CY2016Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-3544000	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	26093000	USD
CY2017Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	9991000	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	25051000	USD
CY2016Q4	us-gaap	Notes Receivable Net NotesReceivableNet	17585000	USD
CY2017Q2	us-gaap	Notes Receivable Net NotesReceivableNet	10145000	USD
CY2017Q2	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	81	hotel
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	1	Segment
CY2017Q2	us-gaap	Number Of States In Which Entity Operates NumberOfStatesInWhichEntityOperates	24	State
CY2016Q2	us-gaap	Occupancy Costs OccupancyCosts	26985000	USD
	us-gaap	Occupancy Costs OccupancyCosts	54254000	USD
CY2017Q2	us-gaap	Occupancy Costs OccupancyCosts	29303000	USD
	us-gaap	Occupancy Costs OccupancyCosts	57817000	USD
CY2016Q2	us-gaap	Occupancy Revenue OccupancyRevenue	119285000	USD
	us-gaap	Occupancy Revenue OccupancyRevenue	229880000	USD
CY2017Q2	us-gaap	Occupancy Revenue OccupancyRevenue	120514000	USD
	us-gaap	Occupancy Revenue OccupancyRevenue	230864000	USD
CY2016Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	25634000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	46302000	USD
CY2016Q2	us-gaap	Other Direct Costs Of Hotels OtherDirectCostsOfHotels	16843000	USD
	us-gaap	Other Direct Costs Of Hotels OtherDirectCostsOfHotels	33083000	USD
CY2017Q2	us-gaap	Other Direct Costs Of Hotels OtherDirectCostsOfHotels	16619000	USD
	us-gaap	Other Direct Costs Of Hotels OtherDirectCostsOfHotels	32409000	USD
CY2016Q2	us-gaap	Other Hotel Operating Revenue OtherHotelOperatingRevenue	7910000	USD
	us-gaap	Other Hotel Operating Revenue OtherHotelOperatingRevenue	15397000	USD
CY2017Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	24515000	USD
CY2017Q2	us-gaap	Other Hotel Operating Revenue OtherHotelOperatingRevenue	8542000	USD
	us-gaap	Other Hotel Operating Revenue OtherHotelOperatingRevenue	16181000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	43082000	USD
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-274000	USD
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-8000	USD
	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	523000	USD
CY2016Q2	us-gaap	Profit Loss ProfitLoss	21955000	USD
CY2016Q4	us-gaap	Other Assets OtherAssets	5778000	USD
CY2017Q2	us-gaap	Other Assets OtherAssets	5754000	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
CY2017Q2	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	174000	USD
CY2016Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	853000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	1193000	USD
CY2017Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	568000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	2963000	USD
	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	18205000	USD
	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	13953000	USD
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	1948000	USD
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	199000	USD
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	717000	USD
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	961000	USD
	us-gaap	Payments To Acquire Notes Receivable PaymentsToAcquireNotesReceivable	27500000	USD
	us-gaap	Payments To Acquire Notes Receivable PaymentsToAcquireNotesReceivable	0	USD
	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	109182000	USD
	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	367135000	USD
	us-gaap	Payments To Develop Real Estate Assets PaymentsToDevelopRealEstateAssets	0	USD
	us-gaap	Payments To Develop Real Estate Assets PaymentsToDevelopRealEstateAssets	9865000	USD
CY2016Q2	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	4147000	USD
	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	8294000	USD
CY2017Q2	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	4200000	USD
	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	8400000	USD
CY2016Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2017Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2016Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	100000000	shares
CY2017Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	100000000	shares
CY2016Q4	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	6474000	USD
CY2017Q2	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	8731000	USD
	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	195000000	USD
	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	260000000	USD
	us-gaap	Proceeds From Sale And Collection Of Loans Receivable ProceedsFromSaleAndCollectionOfLoansReceivable	2000000	USD
	us-gaap	Profit Loss ProfitLoss	70689000	USD
CY2017Q2	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	1857548000	USD
	us-gaap	Repayments Of Debt RepaymentsOfDebt	243509000	USD
	us-gaap	Repayments Of Debt RepaymentsOfDebt	178178000	USD
CY2016Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	24900000	USD
CY2016Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	24881000	USD
	us-gaap	Proceeds From Sale And Collection Of Loans Receivable ProceedsFromSaleAndCollectionOfLoansReceivable	22506000	USD
	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	134511000	USD
CY2017Q2	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	25560000	USD
CY2017Q2	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	25600000	USD
	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	93272000	USD
CY2017Q2	us-gaap	Profit Loss ProfitLoss	34083000	USD
	us-gaap	Profit Loss ProfitLoss	67289000	USD
CY2016Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	225219000	USD
CY2017Q2	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	249215000	USD
CY2016Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	1770341000	USD
CY2017Q2	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	2106763000	USD
CY2016Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	1545122000	USD
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-1422000	USD
CY2017Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	24318000	USD
CY2016Q2	us-gaap	Revenues Revenues	127195000	USD
	us-gaap	Revenues Revenues	245277000	USD
CY2017Q2	us-gaap	Revenues Revenues	129056000	USD
	us-gaap	Revenues Revenues	247045000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	2182000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	2994000	USD
	us-gaap	Shares Paid For Tax Withholding For Share Based Compensation SharesPaidForTaxWithholdingForShareBasedCompensation	61622	shares
	us-gaap	Shares Paid For Tax Withholding For Share Based Compensation SharesPaidForTaxWithholdingForShareBasedCompensation	59111	shares
	us-gaap	Stock Issued During Period Shares Conversion Of Units StockIssuedDuringPeriodSharesConversionOfUnits	53636	shares
	us-gaap	Stock Issued During Period Shares Conversion Of Units StockIssuedDuringPeriodSharesConversionOfUnits	30657	shares
	us-gaap	Stock Issued During Period Shares Issued For Services StockIssuedDuringPeriodSharesIssuedForServices	4073	shares
	us-gaap	Stock Issued During Period Shares Issued For Services StockIssuedDuringPeriodSharesIssuedForServices	2454	shares
	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	0	shares
	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	10350000	shares
	us-gaap	Stock Issued During Period Shares Share Based Compensation Forfeited StockIssuedDuringPeriodSharesShareBasedCompensationForfeited	406	shares
	us-gaap	Stock Issued During Period Shares Share Based Compensation Forfeited StockIssuedDuringPeriodSharesShareBasedCompensationForfeited	1237	shares
	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	72337000	USD
	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	163670000	USD
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	2182000	USD
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	2994000	USD
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	1010042000	USD
CY2017Q2	us-gaap	Stockholders Equity StockholdersEquity	1202262000	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
CY2016Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1013470000	USD
CY2017Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1205544000	USD
CY2016Q4	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	5136000	USD
CY2017Q2	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	4168000	USD
CY2016Q2	us-gaap	Undistributed Earnings UndistributedEarnings	17667000	USD
	us-gaap	Undistributed Earnings UndistributedEarnings	61976000	USD
CY2017Q2	us-gaap	Undistributed Earnings UndistributedEarnings	29643000	USD
	us-gaap	Undistributed Earnings UndistributedEarnings	58415000	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
CY2017Q2	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	126000	USD
	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	240000	USD
CY2017Q2	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0	USD
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
CY2017Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	98706000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	95983000	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
CY2017Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	98184000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	95488000	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 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 on owning primarily premium-branded, select-service hotels. At </font><font style="font-family:inherit;font-size:10pt;">June 30, 2017</font><font style="font-family:inherit;font-size:10pt;">, our portfolio consisted of </font><font style="font-family:inherit;font-size:10pt;">81</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;">11,608</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;">24</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-style:italic;">Reclassifications</font><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;"><br clear="none"/></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 the reclassification of certain intangible assets related to our acquisitions of hotel properties from Other assets to Investment in hotel properties, net, on the Company's balance sheet. These reclassifications had no net effect on the Company’s previously reported financial position or results of operations. See "Note 3 - Investment in Hotel Properties, net" for further details.</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>

Files In Submission

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0001497645-17-000009-index-headers.html	Edgar Link	pending
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$INN
Summit Hotel Properties, Inc. Stock $inn

2017 Q2 Form 10-Q Financial Statement

#000149764517000009 Filed on August 02, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$INN Summit Hotel Properties, Inc. Stock $inn

2017 Q2 Form 10-Q Financial Statement

#000149764517000009 Filed on August 02, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$INN
Summit Hotel Properties, Inc. Stock $inn