$INN
Summit Hotel Properties, Inc. Stock $inn

$inn Overview Financials Valuation SEC Filings Company Website

2018 Q4 Form 10-Q Financial Statement

#000149764518000014 Filed on October 30, 2018

Income Statement

Concept	2018 Q4	2018 Q3	2017 Q3
Revenue	$132.5M	$142.3M	$136.6M
YoY Change	0.58%	4.21%	15.42%
Cost Of Revenue	$74.40M	$80.20M	$86.07M
YoY Change	-12.26%	-6.82%	17.05%
Gross Profit	$58.10M	$62.20M	$50.52M
YoY Change	23.88%	23.13%	12.75%
Gross Profit Margin	43.85%	43.7%	36.99%
Selling, General & Admin	$15.50M	$15.10M	$4.600M
YoY Change	236.96%	228.26%	4.55%
% of Gross Profit	26.68%	24.28%	9.11%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$25.90M	$24.90M	$23.60M
YoY Change	8.82%	5.51%	31.84%
% of Gross Profit	44.58%	40.03%	46.72%
Operating Expenses	$41.40M	$40.00M	$28.10M
YoY Change	45.26%	42.35%	26.01%
Operating Profit	$16.70M	$46.99M	$22.37M
YoY Change	-9.24%	110.03%	4.41%
Interest Expense	-$11.40M	$10.85M	$7.768M
YoY Change	39.02%	39.65%	17.24%
% of Operating Profit	-68.26%	23.09%	34.72%
Other Income/Expense, Net	$1.400M	-$9.521M	-$159.0K
YoY Change	55.56%	5888.05%	-103.51%
Pretax Income	$5.000M	$37.47M	$22.21M
YoY Change	-53.7%	68.67%	-14.41%
Income Tax	-$800.0K	-$500.0K	-$231.0K
% Of Pretax Income	-16.0%	-1.33%	-1.04%
Net Earnings	$5.756M	$37.90M	$22.39M
YoY Change	-41.08%	69.28%	-17.33%
Net Earnings / Revenue	4.34%	26.63%	16.39%
Basic Earnings Per Share	$0.02	$0.33	$0.18
Diluted Earnings Per Share	$0.02	$0.33	$0.17
COMMON SHARES
Basic Shares Outstanding	104.8M shares	103.7M shares	103.3M shares
Diluted Shares Outstanding		103.8M shares	103.6M shares

Balance Sheet

Concept	2018 Q4	2018 Q3	2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$44.10M	$60.50M	$52.50M
YoY Change	20.82%	15.24%	29.63%
Cash & Equivalents	$44.09M	$60.53M	$52.45M
Short-Term Investments
Other Short-Term Assets	$10.10M	$6.300M	$5.300M
YoY Change	6.32%	18.87%	-33.75%
Inventory
Prepaid Expenses
Receivables	$14.00M	$24.00M	$20.90M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$68.20M	$90.80M	$78.70M
YoY Change	8.25%	15.37%	23.55%
LONG-TERM ASSETS
Property, Plant & Equipment	$2.066B	$2.083B	$1.903B
YoY Change	0.3%	9.44%	29.39%
Goodwill
YoY Change
Intangibles	$20.96M		$21.97M
YoY Change	-3.71%
Long-Term Investments	$30.70M	$29.40M	$18.80M
YoY Change	-14.96%	56.38%	6.82%
Other Assets	$40.80M	$37.60M	$34.80M
YoY Change	13.65%	8.05%	-62.13%
Total Long-Term Assets	$2.154B	$2.172B	$1.965B
YoY Change	0.34%	10.53%	23.09%
TOTAL ASSETS
Total Short-Term Assets	$68.20M	$90.80M	$78.70M
Total Long-Term Assets	$2.154B	$2.172B	$1.965B
Total Assets	$2.222B	$2.263B	$2.044B
YoY Change	0.56%	10.72%	23.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$5.400M	$5.200M	$7.300M
YoY Change	-30.77%	-28.77%	73.81%
Accrued Expenses	$66.10M	$71.40M	$56.30M
YoY Change	16.99%	26.82%	4.65%
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	$71.50M	$76.60M	$63.60M
YoY Change	11.2%	20.44%	9.66%
LONG-TERM LIABILITIES
Long-Term Debt	$958.7M	$969.1M	$772.3M
YoY Change	10.42%	25.48%	24.79%
Other Long-Term Liabilities			$400.0K
YoY Change			-78.95%
Total Long-Term Liabilities	$958.7M	$969.1M	$772.7M
YoY Change	10.42%	25.42%	24.47%
TOTAL LIABILITIES
Total Short-Term Liabilities	$71.50M	$76.60M	$63.60M
Total Long-Term Liabilities	$958.7M	$969.1M	$772.7M
Total Liabilities	$1.030B	$1.046B	$836.3M
YoY Change	10.47%	25.04%	23.2%
SHAREHOLDERS EQUITY
Retained Earnings	$4.838M	$21.65M	$24.78M
YoY Change	-47.42%	-12.65%	161.7%
Common Stock	$1.048M	$1.047M	$1.043M
YoY Change	0.48%	0.38%	19.47%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.190B	$1.215B	$1.205B
YoY Change
Total Liabilities & Shareholders Equity	$2.222B	$2.263B	$2.044B
YoY Change	0.56%	10.72%	23.11%

Cashflow Statement

Concept	2018 Q4	2018 Q3	2017 Q3
OPERATING ACTIVITIES
Net Income	$5.756M	$37.90M	$22.39M
YoY Change	-41.08%	69.28%	-17.33%
Depreciation, Depletion And Amortization	$25.90M	$24.90M	$23.60M
YoY Change	8.82%	5.51%	31.84%
Cash From Operating Activities	$32.70M	$44.60M	$46.50M
YoY Change	4.81%	-4.09%	8.39%
INVESTING ACTIVITIES
Capital Expenditures	$0.00	-$71.00M	-$57.60M
YoY Change	-100.0%	23.26%	-4.79%
Acquisitions
YoY Change
Other Investing Activities	-$18.70M	$41.60M	$22.60M
YoY Change	-46.72%	84.07%	545.71%
Cash From Investing Activities	-$18.70M	-$29.40M	-$35.00M
YoY Change	-90.61%	-16.0%	-38.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-33.50M	-4.400M	14.60M
YoY Change	-121.97%	-130.14%	-166.67%
NET CHANGE
Cash From Operating Activities	32.70M	44.60M	46.50M
Cash From Investing Activities	-18.70M	-29.40M	-35.00M
Cash From Financing Activities	-33.50M	-4.400M	14.60M
Net Change In Cash	-19.50M	10.80M	26.10M
YoY Change	25.81%	-58.62%	-172.7%
FREE CASH FLOW
Cash From Operating Activities	$32.70M	$44.60M	$46.50M
Capital Expenditures	$0.00	-$71.00M	-$57.60M
Free Cash Flow	$32.70M	$115.6M	$104.1M
YoY Change	-83.26%	11.05%	0.68%

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	Q3
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2018
	dei	Document Period End Date DocumentPeriodEndDate	2018-09-30
	dei	Document Type DocumentType	10-Q
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	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	0	USD
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CY2018Q3	inn	Business Acquisition Other Assets And Capitalized Transaction Costs BusinessAcquisitionOtherAssetsAndCapitalizedTransactionCosts	100000	USD
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CY2018Q3	inn	Debt Instrument Collateral Number Of Real Estate Properties DebtInstrumentCollateralNumberOfRealEstateProperties	47	Property
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	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	91747000	USD
CY2017Q3	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	56000	USD
	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	292000	USD
CY2018Q3	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	107000	USD
	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	223000	USD
CY2017Q3	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	22602000	USD
CY2017Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	873109000	USD
CY2018Q3	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	973962000	USD
CY2017	us-gaap	Debt Instrument Interest Rate During Period DebtInstrumentInterestRateDuringPeriod	0.0389
	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	90414000	USD
CY2018Q3	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	40496000	USD
	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	91970000	USD
CY2017Q3	us-gaap	Costs And Expenses CostsAndExpenses	114214000	USD
	us-gaap	Costs And Expenses CostsAndExpenses	318177000	USD
CY2018Q3	us-gaap	Costs And Expenses CostsAndExpenses	120176000	USD
	us-gaap	Costs And Expenses CostsAndExpenses	366633000	USD
CY2017Q4	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	1600000	USD
CY2018Q3	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	2400000	USD
CY2017Q3	us-gaap	Depreciation And Amortization DepreciationAndAmortization	23594000	USD
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	62052000	USD
CY2018Q3	us-gaap	Depreciation And Amortization DepreciationAndAmortization	24941000	USD
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	75141000	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	62052000	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	75141000	USD
CY2017Q4	us-gaap	Development In Process DevelopmentInProcess	23793000	USD
CY2018Q3	us-gaap	Development In Process DevelopmentInProcess	0	USD
	us-gaap	Dividends Cash DividendsCash	63424000	USD
	us-gaap	Dividends Cash DividendsCash	69608000	USD
CY2017Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.18
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.78
CY2018Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.33
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.66
CY2017Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.17
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.78
CY2018Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.33
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.66
CY2018Q3	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	7887000	USD
CY2017Q3	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	7725000	USD
	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	43531000	USD
CY2018Q3	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	24826000	USD
	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	42114000	USD
	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	28531000	USD
	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	42114000	USD
CY2017Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	4550000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	14998000	USD
CY2018Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	4852000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	17079000	USD
CY2017Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	22214000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	90347000	USD
CY2018Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	37469000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	85249000	USD
CY2017Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-231000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	613000	USD
CY2018Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-532000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-120000	USD
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	600000	USD
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	749000	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-233000	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-627000	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	9140000	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	7054000	USD
	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	9780000	USD
	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	10040000	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-1817000	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-2729000	USD
CY2017Q3	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	379000	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	366000	shares
CY2018Q3	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	155000	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	265000	shares
CY2017Q3	us-gaap	Interest Expense InterestExpense	7768000	USD
	us-gaap	Interest Expense InterestExpense	21486000	USD
CY2018Q3	us-gaap	Interest Expense InterestExpense	10848000	USD
	us-gaap	Interest Expense InterestExpense	30579000	USD
	us-gaap	Interest Paid InterestPaid	20242000	USD
	us-gaap	Interest Paid InterestPaid	29038000	USD
	us-gaap	Interest Paid Capitalized InterestPaidCapitalized	172000	USD
	us-gaap	Interest Paid Capitalized InterestPaidCapitalized	446000	USD
CY2017Q4	us-gaap	Land Available For Development LandAvailableForDevelopment	2942000	USD
CY2018Q3	us-gaap	Land Available For Development LandAvailableForDevelopment	2942000	USD
CY2017Q3	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	400000	USD
	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	1300000	USD
CY2018Q3	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	400000	USD
	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	1300000	USD
CY2017Q4	us-gaap	Liabilities Liabilities	932498000	USD
CY2018Q3	us-gaap	Liabilities Liabilities	1045696000	USD
CY2017Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2209874000	USD
CY2018Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2262931000	USD
CY2017Q4	us-gaap	Long Term Debt LongTermDebt	868236000	USD
CY2018Q3	us-gaap	Long Term Debt LongTermDebt	969146000	USD
CY2017Q4	us-gaap	Long Term Debt Percentage Bearing Fixed Interest Rate LongTermDebtPercentageBearingFixedInterestRate	0.44
CY2018Q3	us-gaap	Long Term Debt Percentage Bearing Fixed Interest Rate LongTermDebtPercentageBearingFixedInterestRate	0.64
CY2017Q4	us-gaap	Long Term Debt Percentage Bearing Variable Interest Rate LongTermDebtPercentageBearingVariableInterestRate	0.56
CY2018Q3	us-gaap	Long Term Debt Percentage Bearing Variable Interest Rate LongTermDebtPercentageBearingVariableInterestRate	0.36
CY2017Q4	us-gaap	Longterm Debt Percentage Bearing Fixed Interest Amount LongtermDebtPercentageBearingFixedInterestAmount	386313000	USD
CY2018Q3	us-gaap	Longterm Debt Percentage Bearing Fixed Interest Amount LongtermDebtPercentageBearingFixedInterestAmount	627833000	USD
CY2017Q4	us-gaap	Longterm Debt Percentage Bearing Variable Interest Amount LongtermDebtPercentageBearingVariableInterestAmount	486796000	USD
CY2018Q3	us-gaap	Longterm Debt Percentage Bearing Variable Interest Amount LongtermDebtPercentageBearingVariableInterestAmount	346129000	USD
CY2017Q4	us-gaap	Minority Interest In Operating Partnerships MinorityInterestInOperatingPartnerships	2874000	USD
CY2018Q3	us-gaap	Minority Interest In Operating Partnerships MinorityInterestInOperatingPartnerships	2719000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	217782000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-58476000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-312539000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-44391000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	116566000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	128960000	USD
CY2017Q3	us-gaap	Net Income Loss NetIncomeLoss	22390000	USD
	us-gaap	Net Income Loss NetIncomeLoss	89445000	USD
CY2018Q3	us-gaap	Net Income Loss NetIncomeLoss	37901000	USD
	us-gaap	Net Income Loss NetIncomeLoss	85165000	USD
CY2017Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	18121000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	76540000	USD
CY2018Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	34069000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	68677000	USD
CY2017Q3	us-gaap	Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable	55000	USD
	us-gaap	Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable	289000	USD
CY2018Q3	us-gaap	Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable	100000	USD
	us-gaap	Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable	204000	USD
CY2017Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-159000	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	24892000	USD
CY2018Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	15305000	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	17121000	USD
CY2017Q4	us-gaap	Notes Receivable Net NotesReceivableNet	12356000	USD
CY2018Q3	us-gaap	Notes Receivable Net NotesReceivableNet	29387000	USD
CY2018Q3	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	77	hotel
CY2018Q3	us-gaap	Number Of States In Which Entity Operates NumberOfStatesInWhichEntityOperates	26	State
CY2017Q3	us-gaap	Number Of Units In Real Estate Property NumberOfUnitsInRealEstateProperty	1790	Room
CY2018Q3	us-gaap	Number Of Units In Real Estate Property NumberOfUnitsInRealEstateProperty	150	Room
CY2017Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	22373000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	65455000	USD
CY2018Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	22164000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	68128000	USD
CY2017Q4	us-gaap	Other Assets OtherAssets	12431000	USD
CY2018Q3	us-gaap	Other Assets OtherAssets	19627000	USD
CY2017Q3	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	157000	USD
	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	680000	USD
CY2018Q3	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	2495000	USD
	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	6601000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	680000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	6601000	USD
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-51000	USD
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	1386000	USD
CY2017Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-116000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	2847000	USD
	us-gaap	Shares Paid For Tax Withholding For Share Based Compensation SharesPaidForTaxWithholdingForShareBasedCompensation	187850	shares
CY2018Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	1327000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	5586000	USD
CY2017Q3	us-gaap	Owned Property Management Costs OwnedPropertyManagementCosts	4177000	USD
	us-gaap	Owned Property Management Costs OwnedPropertyManagementCosts	13969000	USD
CY2018Q3	us-gaap	Owned Property Management Costs OwnedPropertyManagementCosts	4188000	USD
CY2018Q3	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	3710000	USD
	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	12962000	USD
	us-gaap	Owned Property Management Costs OwnedPropertyManagementCosts	14928000	USD
	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	25252000	USD
	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	49523000	USD
	us-gaap	Payments For Repurchase Of Preferred Stock And Preference Stock PaymentsForRepurchaseOfPreferredStockAndPreferenceStock	0	USD
	us-gaap	Payments For Repurchase Of Preferred Stock And Preference Stock PaymentsForRepurchaseOfPreferredStockAndPreferenceStock	85000000	USD
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	1642000	USD
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	1850000	USD
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	961000	USD
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	2724000	USD
	us-gaap	Payments To Acquire Notes Receivable PaymentsToAcquireNotesReceivable	0	USD
	us-gaap	Payments To Acquire Notes Receivable PaymentsToAcquireNotesReceivable	15245000	USD
	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	424734000	USD
	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	71002000	USD
	us-gaap	Payments To Develop Real Estate Assets PaymentsToDevelopRealEstateAssets	15954000	USD
	us-gaap	Payments To Develop Real Estate Assets PaymentsToDevelopRealEstateAssets	12208000	USD
CY2017Q3	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	4200000	USD
	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	12600000	USD
CY2017Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2018Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2017Q3	us-gaap	Preferred Stock Redemption Premium PreferredStockRedemptionPremium	0	USD
	us-gaap	Preferred Stock Redemption Premium PreferredStockRedemptionPremium	0	USD
CY2018Q3	us-gaap	Preferred Stock Redemption Premium PreferredStockRedemptionPremium	0	USD
	us-gaap	Preferred Stock Redemption Premium PreferredStockRedemptionPremium	3277000	USD
CY2017Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	100000000	shares
CY2018Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	100000000	shares
CY2017Q4	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	9454000	USD
CY2018Q3	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	6254000	USD
	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	485000000	USD
	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	470000000	USD
	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	163620000	USD
	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	0	USD
	us-gaap	Proceeds From Sale And Collection Of Loans Receivable ProceedsFromSaleAndCollectionOfLoansReceivable	32500000	USD
	us-gaap	Proceeds From Sale And Collection Of Loans Receivable ProceedsFromSaleAndCollectionOfLoansReceivable	0	USD
	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	120901000	USD
	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	103587000	USD
CY2017Q3	us-gaap	Profit Loss ProfitLoss	22445000	USD
	us-gaap	Profit Loss ProfitLoss	89734000	USD
CY2018Q3	us-gaap	Profit Loss ProfitLoss	38001000	USD
	us-gaap	Profit Loss ProfitLoss	85369000	USD
CY2017Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	291067000	USD
CY2018Q3	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	339823000	USD
CY2017Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	2350559000	USD
CY2018Q3	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	2422428000	USD
CY2017Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	2059492000	USD
	us-gaap	Stock Issued During Period Shares Conversion Of Units StockIssuedDuringPeriodSharesConversionOfUnits	52808	shares
	us-gaap	Stock Issued During Period Shares Conversion Of Units StockIssuedDuringPeriodSharesConversionOfUnits	25839	shares
	us-gaap	Stock Issued During Period Shares Issued For Services StockIssuedDuringPeriodSharesIssuedForServices	3553	shares
	us-gaap	Stock Issued During Period Shares Issued For Services StockIssuedDuringPeriodSharesIssuedForServices	3543	shares
CY2018Q3	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	2082605000	USD
CY2017Q3	us-gaap	Real Estate Taxes And Insurance RealEstateTaxesAndInsurance	10189000	USD
	us-gaap	Real Estate Taxes And Insurance RealEstateTaxesAndInsurance	27371000	USD
CY2018Q3	us-gaap	Real Estate Taxes And Insurance RealEstateTaxesAndInsurance	10220000	USD
	us-gaap	Real Estate Taxes And Insurance RealEstateTaxesAndInsurance	32250000	USD
	us-gaap	Repayments Of Debt RepaymentsOfDebt	365087000	USD
	us-gaap	Repayments Of Debt RepaymentsOfDebt	369147000	USD
CY2017Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	29500000	USD
CY2017Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	29462000	USD
CY2018Q3	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	31600000	USD
CY2018Q3	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	31567000	USD
CY2017Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	9201000	USD
CY2018Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	21648000	USD
CY2017Q3	us-gaap	Revenues Revenues	136587000	USD
	us-gaap	Revenues Revenues	383632000	USD
CY2018Q3	us-gaap	Revenues Revenues	142340000	USD
	us-gaap	Revenues Revenues	434761000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	4483000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	5367000	USD
	us-gaap	Shares Paid For Tax Withholding For Share Based Compensation SharesPaidForTaxWithholdingForShareBasedCompensation	59111	shares
	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	10350000	shares
	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	0	shares
	us-gaap	Stock Issued During Period Shares Share Based Compensation Forfeited StockIssuedDuringPeriodSharesShareBasedCompensationForfeited	1237	shares
	us-gaap	Stock Issued During Period Shares Share Based Compensation Forfeited StockIssuedDuringPeriodSharesShareBasedCompensationForfeited	818	shares
	us-gaap	Stock Issued During Period Shares Share Based Compensation Gross StockIssuedDuringPeriodSharesShareBasedCompensationGross	366679	shares
	us-gaap	Stock Issued During Period Shares Share Based Compensation Gross StockIssuedDuringPeriodSharesShareBasedCompensationGross	583738	shares
	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	163620000	USD
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	4483000	USD
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	5367000	USD
	us-gaap	Stock Redeemed Or Called During Period Value StockRedeemedOrCalledDuringPeriodValue	85000000	USD
CY2017Q4	us-gaap	Stockholders Equity StockholdersEquity	1274502000	USD
CY2018Q3	us-gaap	Stockholders Equity StockholdersEquity	1214516000	USD
CY2016Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1013470000	USD
CY2017Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1207602000	USD
CY2017Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1277376000	USD
CY2018Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1217235000	USD
	us-gaap	Stockholders Equity Other StockholdersEquityOther	146000	USD
CY2017Q4	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	4873000	USD
CY2018Q3	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	4816000	USD
CY2017Q3	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	69000	USD
	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	305000	USD
CY2018Q3	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	122000	USD
	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	249000	USD
CY2018Q3	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0	USD
CY2017Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	103632000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	98471000	shares
CY2018Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	103821000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	103868000	shares
CY2017Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	103253000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	98105000	shares
CY2018Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	103666000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	103603000	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. 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;">September 30, 2018</font><font style="font-family:inherit;font-size:10pt;">, our portfolio consisted of </font><font style="font-family:inherit;font-size:10pt;">77</font><font style="font-family:inherit;font-size:10pt;"> hotels with a total of </font><font style="font-family:inherit;font-size:10pt;">11,659</font><font style="font-family:inherit;font-size:10pt;"> guestrooms located in </font><font style="font-family:inherit;font-size:10pt;">26</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. 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 the Condensed Consolidated Statements of Operations in previous periods have been disaggregated and reclassified to conform to the current period presentation. Revenues have been disaggregated into Rooms, Food and beverage, and Other. Direct and Indirect expense has been reclassified into Room, Food and beverage, and Other hotel operating expenses. Property taxes, insurance and other, and Management expenses are also separately reported. </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;">We have also reclassified certain intangible assets related to our acquisitions of hotel properties from Other assets to Investment in hotel properties, net, on the Condensed Consolidated Balance Sheet. See "Note 3 - Investment in Hotel Properties, net" for further details.</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;">These reclassifications, made at September 30, 2018 and for the three and nine months then ended, had no net effect on the previously reported financial position or 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>

Files In Submission

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0001497645-18-000014-index-headers.html	Edgar Link	pending
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FilingSummary.xml	Edgar Link	unprocessable
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inn-20180930.xml	Edgar Link	completed
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Summit Hotel Properties, Inc. Stock $inn

2018 Q4 Form 10-Q Financial Statement

#000149764518000014 Filed on October 30, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$INN Summit Hotel Properties, Inc. Stock $inn

2018 Q4 Form 10-Q Financial Statement

#000149764518000014 Filed on October 30, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$INN
Summit Hotel Properties, Inc. Stock $inn