$INN
Summit Hotel Properties, Inc. Stock $inn

$inn Overview Financials Valuation SEC Filings Company Website

2020 Q2 Form 10-Q Financial Statement

#000149764520000011 Filed on August 05, 2020

Income Statement

Concept	2020 Q2	2019 Q2
Revenue	$25.44M	$142.9M
YoY Change	-82.2%	-6.1%
Cost Of Revenue	$24.00M	$77.00M
YoY Change	-68.83%	-7.45%
Gross Profit	$1.500M	$65.90M
YoY Change	-97.72%	-4.49%
Gross Profit Margin	5.9%	46.11%
Selling, General & Admin	$16.80M	$16.60M
YoY Change	1.2%	-0.6%
% of Gross Profit	1120.0%	25.19%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$27.50M	$23.80M
YoY Change	15.55%	-4.8%
% of Gross Profit	1833.33%	36.12%
Operating Expenses	$44.30M	$40.40M
YoY Change	9.65%	-2.88%
Operating Profit	-$42.92M	$59.39M
YoY Change	-172.27%	32.68%
Interest Expense	$10.75M	$9.766M
YoY Change	10.07%	-6.11%
% of Operating Profit		16.44%
Other Income/Expense, Net	-$9.873M	-$9.620M
YoY Change	2.63%	38.78%
Pretax Income	-$52.80M	$49.77M
YoY Change	-206.08%	31.57%
Income Tax	-$200.0K	$700.0K
% Of Pretax Income		1.41%
Net Earnings	-$50.42M	$48.96M
YoY Change	-202.98%	30.29%
Net Earnings / Revenue	-198.21%	34.25%
Basic Earnings Per Share	-$0.52	$0.43
Diluted Earnings Per Share	-$0.52	$0.43
COMMON SHARES
Basic Shares Outstanding	104.2M shares	103.9M shares
Diluted Shares Outstanding	104.2M shares	103.9M shares

Balance Sheet

Concept	2020 Q2	2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$124.6M	$48.80M
YoY Change	155.33%	-0.2%
Cash & Equivalents	$124.6M	$48.80M
Short-Term Investments
Other Short-Term Assets	$7.200M	$7.600M
YoY Change	-5.26%	2.7%
Inventory
Prepaid Expenses
Receivables	$10.50M	$21.30M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$142.3M	$77.70M
YoY Change	83.14%	0.65%
LONG-TERM ASSETS
Property, Plant & Equipment	$2.175B	$1.971B
YoY Change	10.36%	-2.16%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$29.20M	$31.90M
YoY Change	-8.46%	10.38%
Other Assets	$23.60M	$31.70M
YoY Change	-25.55%	-57.79%
Total Long-Term Assets	$2.239B	$2.046B
YoY Change	9.44%	-4.37%
TOTAL ASSETS
Total Short-Term Assets	$142.3M	$77.70M
Total Long-Term Assets	$2.239B	$2.046B
Total Assets	$2.381B	$2.123B
YoY Change	12.14%	-4.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$2.700M	$5.300M
YoY Change	-49.06%	-14.52%
Accrued Expenses	$87.30M	$91.90M
YoY Change	-5.01%	49.43%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$3.800M	$3.500M
YoY Change	8.57%
Total Short-Term Liabilities	$93.80M	$100.7M
YoY Change	-6.85%	48.74%
LONG-TERM LIABILITIES
Long-Term Debt	$1.156B	$825.5M
YoY Change	39.99%	-13.15%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$1.156B	$825.5M
YoY Change	39.99%	-13.15%
TOTAL LIABILITIES
Total Short-Term Liabilities	$93.80M	$100.7M
Total Long-Term Liabilities	$1.156B	$825.5M
Total Liabilities	$1.249B	$926.2M
YoY Change	34.89%	-9.04%
SHAREHOLDERS EQUITY
Retained Earnings	-$93.99M	$22.18M
YoY Change	-523.8%	251.49%
Common Stock	$1.057M	$1.051M
YoY Change	0.57%	0.38%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.065B	$1.195B
YoY Change
Total Liabilities & Shareholders Equity	$2.381B	$2.123B
YoY Change	12.14%	-4.2%

Cashflow Statement

Concept	2020 Q2	2019 Q2
OPERATING ACTIVITIES
Net Income	-$50.42M	$48.96M
YoY Change	-202.98%	30.29%
Depreciation, Depletion And Amortization	$27.50M	$23.80M
YoY Change	15.55%	-4.8%
Cash From Operating Activities	-$28.10M	$45.10M
YoY Change	-162.31%	-3.43%
INVESTING ACTIVITIES
Capital Expenditures	$0.00	$0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities	-$8.300M	$116.7M
YoY Change	-107.11%	1396.15%
Cash From Investing Activities	-$8.300M	$116.7M
YoY Change	-107.11%	1396.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	19.80M	-156.9M
YoY Change	-112.62%	226.88%
NET CHANGE
Cash From Operating Activities	-28.10M	45.10M
Cash From Investing Activities	-8.300M	116.7M
Cash From Financing Activities	19.80M	-156.9M
Net Change In Cash	-16.60M	4.900M
YoY Change	-438.78%	-24.62%
FREE CASH FLOW
Cash From Operating Activities	-$28.10M	$45.10M
Capital Expenditures	$0.00	$0.00
Free Cash Flow	-$28.10M	$45.10M
YoY Change	-162.31%	-3.43%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	dei	Entity Central Index Key EntityCentralIndexKey	0001497645
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2020
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Amendment Flag AmendmentFlag	false
	dei	Document Period End Date DocumentPeriodEndDate	2020-06-30
CY2020Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	105696544	shares
	us-gaap	Accounting Standards Update Extensible List AccountingStandardsUpdateExtensibleList	us-gaap:AccountingStandardsUpdate201602Member
	dei	Document Type DocumentType	10-Q
	dei	Document Quarterly Report DocumentQuarterlyReport	true
	dei	Document Transition Report DocumentTransitionReport	false
	dei	Entity File Number EntityFileNumber	001-35074
	dei	Entity Registrant Name EntityRegistrantName	SUMMIT HOTEL PROPERTIES, INC.
	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	MD
	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	27-2962512
	dei	Entity Address Address Line1 EntityAddressAddressLine1	13215 Bee Cave Parkway, Suite B-300
	dei	Entity Address City Or Town EntityAddressCityOrTown	Austin
	dei	Entity Address State Or Province EntityAddressStateOrProvince	TX
	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	78738
	dei	City Area Code CityAreaCode	512
	dei	Local Phone Number LocalPhoneNumber	538-2300
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
	dei	Entity Small Business EntitySmallBusiness	false
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
	dei	Entity Shell Company EntityShellCompany	false
CY2020Q2	inn	Real Estate Investment Property Net Excluding Undeveloped Land RealEstateInvestmentPropertyNetExcludingUndevelopedLand	2145912000	USD
CY2019Q4	inn	Real Estate Investment Property Net Excluding Undeveloped Land RealEstateInvestmentPropertyNetExcludingUndevelopedLand	2184232000	USD
CY2020Q2	us-gaap	Land Available For Development LandAvailableForDevelopment	1500000	USD
CY2019Q4	us-gaap	Land Available For Development LandAvailableForDevelopment	1500000	USD
CY2020Q2	us-gaap	Assets Of Disposal Group Including Discontinued Operation AssetsOfDisposalGroupIncludingDiscontinuedOperation	425000	USD
CY2019Q4	us-gaap	Assets Of Disposal Group Including Discontinued Operation AssetsOfDisposalGroupIncludingDiscontinuedOperation	425000	USD
CY2020Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	124554000	USD
CY2019Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	42238000	USD
CY2020Q2	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	18658000	USD
CY2019Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	27595000	USD
CY2020Q2	us-gaap	Notes Receivable Net NotesReceivableNet	29173000	USD
CY2019Q4	us-gaap	Notes Receivable Net NotesReceivableNet	30936000	USD
CY2020Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	29181000	USD
CY2019Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	29884000	USD
CY2020Q2	us-gaap	Receivables From Customers ReceivablesFromCustomers	10507000	USD
CY2019Q4	us-gaap	Receivables From Customers ReceivablesFromCustomers	13281000	USD
CY2020Q2	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	7249000	USD
CY2019Q4	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	8844000	USD
CY2020Q2	inn	Deferred Costs Net DeferredCostsNet	4479000	USD
CY2019Q4	inn	Deferred Costs Net DeferredCostsNet	4709000	USD
CY2020Q2	us-gaap	Other Assets OtherAssets	9237000	USD
CY2019Q4	us-gaap	Other Assets OtherAssets	12039000	USD
CY2020Q2	us-gaap	Assets Assets	2380875000	USD
CY2019Q4	us-gaap	Assets Assets	2355683000	USD
CY2020Q2	us-gaap	Long Term Debt LongTermDebt	1159399000	USD
CY2019Q4	us-gaap	Long Term Debt LongTermDebt	1016163000	USD
CY2020Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	19069000	USD
CY2019Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	19604000	USD
CY2020Q2	us-gaap	Accounts Payable Current And Noncurrent AccountsPayableCurrentAndNoncurrent	2672000	USD
CY2019Q4	us-gaap	Accounts Payable Current And Noncurrent AccountsPayableCurrentAndNoncurrent	4767000	USD
CY2020Q2	us-gaap	Accrued Liabilities And Other Liabilities AccruedLiabilitiesAndOtherLiabilities	68199000	USD
CY2019Q4	us-gaap	Accrued Liabilities And Other Liabilities AccruedLiabilitiesAndOtherLiabilities	71759000	USD
CY2020Q2	us-gaap	Liabilities Liabilities	1249339000	USD
CY2019Q4	us-gaap	Liabilities Liabilities	1112293000	USD
CY2020Q2	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2019Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2020Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2019Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2020Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	100000000	shares
CY2019Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	100000000	shares
CY2019Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2020Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2019Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	500000000	shares
CY2020Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	500000000	shares
CY2019Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	105169515	shares
CY2020Q2	us-gaap	Common Stock Value CommonStockValue	1057000	USD
CY2020Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	105696833	shares
CY2020Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	105696833	shares
CY2019Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	105169515	shares
CY2019Q4	us-gaap	Common Stock Value CommonStockValue	1052000	USD
CY2020Q2	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	1194178000	USD
CY2019Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	1190949000	USD
CY2020Q2	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-36086000	USD
CY2019Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-16034000	USD
CY2020Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-93994000	USD
CY2019Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-2283000	USD
CY2020Q2	us-gaap	Stockholders Equity StockholdersEquity	1065249000	USD
CY2019Q4	us-gaap	Stockholders Equity StockholdersEquity	1173778000	USD
CY2020Q2	us-gaap	Minority Interest In Operating Partnerships MinorityInterestInOperatingPartnerships	1332000	USD
CY2019Q4	us-gaap	Minority Interest In Operating Partnerships MinorityInterestInOperatingPartnerships	1809000	USD
CY2019Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2355683000	USD
CY2020Q2	us-gaap	Minority Interest In Joint Ventures MinorityInterestInJointVentures	64955000	USD
CY2019Q4	us-gaap	Minority Interest In Joint Ventures MinorityInterestInJointVentures	67803000	USD
CY2020Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1131536000	USD
CY2019Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1243390000	USD
CY2020Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2380875000	USD
CY2020Q2	us-gaap	Revenues Revenues	25436000	USD
CY2019Q2	us-gaap	Revenues Revenues	142930000	USD
	us-gaap	Revenues Revenues	133821000	USD
	us-gaap	Revenues Revenues	281882000	USD
CY2020Q2	us-gaap	Real Estate Taxes And Insurance RealEstateTaxesAndInsurance	11466000	USD
CY2019Q2	us-gaap	Real Estate Taxes And Insurance RealEstateTaxesAndInsurance	10695000	USD
	us-gaap	Real Estate Taxes And Insurance RealEstateTaxesAndInsurance	23164000	USD
	us-gaap	Real Estate Taxes And Insurance RealEstateTaxesAndInsurance	22103000	USD
CY2020Q2	us-gaap	Depreciation And Amortization DepreciationAndAmortization	27565000	USD
CY2019Q2	us-gaap	Depreciation And Amortization DepreciationAndAmortization	23779000	USD
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	54644000	USD
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	49315000	USD
CY2020Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	5315000	USD
CY2019Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	5920000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	9983000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	11910000	USD
CY2020Q2	inn	Provision For Credit Losses ProvisionForCreditLosses	0	USD
CY2019Q2	inn	Provision For Credit Losses ProvisionForCreditLosses	0	USD
	inn	Provision For Credit Losses ProvisionForCreditLosses	2530000	USD
	inn	Provision For Credit Losses ProvisionForCreditLosses	0	USD
CY2020Q2	us-gaap	Asset Impairment Charges AssetImpairmentCharges	0	USD
CY2019Q2	us-gaap	Asset Impairment Charges AssetImpairmentCharges	1685000	USD
	us-gaap	Asset Impairment Charges AssetImpairmentCharges	782000	USD
	us-gaap	Asset Impairment Charges AssetImpairmentCharges	1685000	USD
CY2020Q2	us-gaap	Costs And Expenses CostsAndExpenses	68326000	USD
CY2019Q2	us-gaap	Costs And Expenses CostsAndExpenses	119060000	USD
	us-gaap	Costs And Expenses CostsAndExpenses	182048000	USD
	us-gaap	Costs And Expenses CostsAndExpenses	239377000	USD
CY2020Q2	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	-32000	USD
CY2019Q2	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	35520000	USD
	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	-35000	USD
	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	39686000	USD
CY2020Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-42922000	USD
CY2019Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	59390000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-48262000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	82191000	USD
CY2020Q2	us-gaap	Interest Expense InterestExpense	10749000	USD
CY2019Q2	us-gaap	Interest Expense InterestExpense	9766000	USD
	us-gaap	Interest Expense InterestExpense	21761000	USD
	us-gaap	Interest Expense InterestExpense	20618000	USD
CY2020Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	876000	USD
CY2019Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	146000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	2982000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	1447000	USD
CY2020Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-9873000	USD
CY2019Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-9620000	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-18779000	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-19171000	USD
CY2020Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-52795000	USD
CY2019Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	49770000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-67041000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	63020000	USD
CY2020Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-247000	USD
CY2019Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	701000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1721000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1051000	USD
CY2020Q2	us-gaap	Profit Loss ProfitLoss	-52548000	USD
CY2019Q2	us-gaap	Profit Loss ProfitLoss	49069000	USD
	us-gaap	Profit Loss ProfitLoss	-68762000	USD
	us-gaap	Profit Loss ProfitLoss	61969000	USD
CY2020Q2	us-gaap	Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable	-96000	USD
CY2019Q2	us-gaap	Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable	112000	USD
	us-gaap	Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable	-133000	USD
	us-gaap	Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable	135000	USD
CY2020Q2	us-gaap	Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable	-2035000	USD
CY2019Q2	us-gaap	Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable	0	USD
	us-gaap	Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable	-2890000	USD
	us-gaap	Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable	0	USD
CY2020Q2	us-gaap	Net Income Loss NetIncomeLoss	-50417000	USD
CY2019Q2	us-gaap	Net Income Loss NetIncomeLoss	48957000	USD
	us-gaap	Net Income Loss NetIncomeLoss	-65739000	USD
	us-gaap	Net Income Loss NetIncomeLoss	61834000	USD
CY2020Q2	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	3709000	USD
CY2019Q2	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	3709000	USD
	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	7418000	USD
	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	7418000	USD
CY2020Q2	inn	Net Income Loss Availableto Common Stockholders Before Amounts Allocated To Participating Securities Basic NetIncomeLossAvailabletoCommonStockholdersBeforeAmountsAllocatedToParticipatingSecuritiesBasic	-54126000	USD
CY2019Q2	inn	Net Income Loss Availableto Common Stockholders Before Amounts Allocated To Participating Securities Basic NetIncomeLossAvailabletoCommonStockholdersBeforeAmountsAllocatedToParticipatingSecuritiesBasic	45248000	USD
	inn	Net Income Loss Availableto Common Stockholders Before Amounts Allocated To Participating Securities Basic NetIncomeLossAvailabletoCommonStockholdersBeforeAmountsAllocatedToParticipatingSecuritiesBasic	-73157000	USD
	inn	Net Income Loss Availableto Common Stockholders Before Amounts Allocated To Participating Securities Basic NetIncomeLossAvailabletoCommonStockholdersBeforeAmountsAllocatedToParticipatingSecuritiesBasic	54416000	USD
CY2020Q2	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.52
CY2019Q2	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.43
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.70
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.52
CY2020Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	104154000	shares
CY2019Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	103896000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	104075000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	103823000	shares
CY2020Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	104154000	shares
CY2019Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	103937000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	104075000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	103888000	shares
CY2020Q2	us-gaap	Profit Loss ProfitLoss	-52548000	USD
CY2019Q2	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax	-9274000	USD
	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax	-20067000	USD
CY2019Q2	us-gaap	Profit Loss ProfitLoss	49069000	USD
	us-gaap	Profit Loss ProfitLoss	-68762000	USD
	us-gaap	Profit Loss ProfitLoss	61969000	USD
CY2020Q2	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax	-1023000	USD
	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax	-14832000	USD
CY2020Q2	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-53571000	USD
CY2019Q2	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	39795000	USD
	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-88829000	USD
	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	47137000	USD
CY2020Q2	inn	Comprehensive Income Loss Net Of Tax Attributable To Noncontrolling Interest Operating Partnership ComprehensiveIncomeLossNetOfTaxAttributableToNoncontrollingInterestOperatingPartnership	-96000	USD
CY2019Q2	inn	Comprehensive Income Loss Net Of Tax Attributable To Noncontrolling Interest Operating Partnership ComprehensiveIncomeLossNetOfTaxAttributableToNoncontrollingInterestOperatingPartnership	89000	USD
	inn	Comprehensive Income Loss Net Of Tax Attributable To Noncontrolling Interest Operating Partnership ComprehensiveIncomeLossNetOfTaxAttributableToNoncontrollingInterestOperatingPartnership	-170000	USD
	inn	Comprehensive Income Loss Net Of Tax Attributable To Noncontrolling Interest Operating Partnership ComprehensiveIncomeLossNetOfTaxAttributableToNoncontrollingInterestOperatingPartnership	98000	USD
CY2020Q2	inn	Comprehensive Income Loss Net Of Tax Attributable To Noncontrolling Interest Joint Venture ComprehensiveIncomeLossNetOfTaxAttributableToNoncontrollingInterestJointVenture	-2035000	USD
CY2019Q2	inn	Comprehensive Income Loss Net Of Tax Attributable To Noncontrolling Interest Joint Venture ComprehensiveIncomeLossNetOfTaxAttributableToNoncontrollingInterestJointVenture	0	USD
	inn	Comprehensive Income Loss Net Of Tax Attributable To Noncontrolling Interest Joint Venture ComprehensiveIncomeLossNetOfTaxAttributableToNoncontrollingInterestJointVenture	-2890000	USD
CY2019Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	39706000	USD
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-85769000	USD
	inn	Comprehensive Income Loss Net Of Tax Attributable To Noncontrolling Interest Joint Venture ComprehensiveIncomeLossNetOfTaxAttributableToNoncontrollingInterestJointVenture	0	USD
CY2020Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-51440000	USD
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	47039000	USD
CY2020Q2	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	3709000	USD
CY2019Q2	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	3709000	USD
	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	7418000	USD
	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	7418000	USD
CY2020Q2	inn	Comprehensive Income Loss Available To Common Stockholders ComprehensiveIncomeLossAvailableToCommonStockholders	-55149000	USD
CY2019Q2	inn	Comprehensive Income Loss Available To Common Stockholders ComprehensiveIncomeLossAvailableToCommonStockholders	35997000	USD
	inn	Comprehensive Income Loss Available To Common Stockholders ComprehensiveIncomeLossAvailableToCommonStockholders	-93187000	USD
	inn	Comprehensive Income Loss Available To Common Stockholders ComprehensiveIncomeLossAvailableToCommonStockholders	39621000	USD
CY2020Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1186895000	USD
CY2020Q2	us-gaap	Dividends Cash DividendsCash	3754000	USD
CY2020Q2	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	1966000	USD
CY2020Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-1023000	USD
CY2020Q2	us-gaap	Profit Loss ProfitLoss	-52548000	USD
CY2020Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1131536000	USD
CY2019Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1177969000	USD
CY2019Q2	us-gaap	Dividends Cash DividendsCash	22584000	USD
CY2019Q2	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	1964000	USD
CY2019Q2	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	5000	USD
CY2019Q2	us-gaap	Stockholders Equity Other StockholdersEquityOther	82000	USD
CY2019Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-9274000	USD
CY2019Q2	us-gaap	Profit Loss ProfitLoss	49069000	USD
CY2019Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1197057000	USD
CY2019Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1243390000	USD
	inn	Noncontrolling Interest Increase From Cash Contribution NoncontrollingInterestIncreaseFromCashContribution	577000	USD
	us-gaap	Dividends Cash DividendsCash	26544000	USD
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	3441000	USD
	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	469000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-20067000	USD
	us-gaap	Profit Loss ProfitLoss	-68762000	USD
CY2020Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1131536000	USD
	us-gaap	Stockholders Equity Other StockholdersEquityOther	30000	USD
CY2018Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1192144000	USD
	us-gaap	Dividends Cash DividendsCash	44587000	USD
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	3316000	USD
	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	839000	USD
	us-gaap	Stockholders Equity Other StockholdersEquityOther	114000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-14832000	USD
	us-gaap	Profit Loss ProfitLoss	61969000	USD
CY2019Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1197057000	USD
	us-gaap	Profit Loss ProfitLoss	-68762000	USD
	us-gaap	Profit Loss ProfitLoss	61969000	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	54644000	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	49315000	USD
	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	1012000	USD
	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	714000	USD
	us-gaap	Asset Impairment Charges AssetImpairmentCharges	782000	USD
	us-gaap	Asset Impairment Charges AssetImpairmentCharges	1685000	USD
	inn	Provision For Credit Losses ProvisionForCreditLosses	2530000	USD
	inn	Provision For Credit Losses ProvisionForCreditLosses	0	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	3441000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	3316000	USD
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	2058000	USD
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	0	USD
	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	-35000	USD
	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	39686000	USD
	inn	Noncash Interest Income NoncashInterestIncome	1540000	USD
	inn	Noncash Interest Income NoncashInterestIncome	1019000	USD
	inn	Debt Transaction Costs DebtTransactionCosts	271000	USD
	inn	Debt Transaction Costs DebtTransactionCosts	1835000	USD
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-209000	USD
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-261000	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-2774000	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	7301000	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-1459000	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-2596000	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-950000	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-169000	USD
	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	-18794000	USD
	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	1784000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-20831000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	75300000	USD
	us-gaap	Payments To Acquire Commercial Real Estate PaymentsToAcquireCommercialRealEstate	0	USD
	us-gaap	Payments To Acquire Commercial Real Estate PaymentsToAcquireCommercialRealEstate	4178000	USD
	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	15852000	USD
	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	32576000	USD
	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	0	USD
	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	143957000	USD
	inn	Payment For Asset Dispositions Contract Termination PaymentForAssetDispositionsContractTermination	2200000	USD
	inn	Payment For Asset Dispositions Contract Termination PaymentForAssetDispositionsContractTermination	0	USD
	us-gaap	Proceeds From Sale And Collection Of Loans Receivable ProceedsFromSaleAndCollectionOfLoansReceivable	550000	USD
	us-gaap	Payments To Acquire Notes Receivable PaymentsToAcquireNotesReceivable	3233000	USD
	us-gaap	Payments To Acquire Notes Receivable PaymentsToAcquireNotesReceivable	500000	USD
	us-gaap	Proceeds From Sale And Collection Of Loans Receivable ProceedsFromSaleAndCollectionOfLoansReceivable	250000	USD
	inn	Increase Decrease In Escrow Deposits For Acquisition IncreaseDecreaseInEscrowDepositsForAcquisition	0	USD
	inn	Increase Decrease In Escrow Deposits For Acquisition IncreaseDecreaseInEscrowDepositsForAcquisition	-825000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-21035000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	106428000	USD
	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	191500000	USD
	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	100000000	USD
	us-gaap	Repayments Of Debt RepaymentsOfDebt	46857000	USD
	us-gaap	Repayments Of Debt RepaymentsOfDebt	230562000	USD
	inn	Payments Of Dividends And Distributions PaymentsOfDividendsAndDistributions	26785000	USD
	inn	Payments Of Dividends And Distributions PaymentsOfDividendsAndDistributions	45210000	USD
	us-gaap	Proceeds From Minority Shareholders ProceedsFromMinorityShareholders	577000	USD
	us-gaap	Proceeds From Minority Shareholders ProceedsFromMinorityShareholders	0	USD
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	2721000	USD
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	1811000	USD
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	469000	USD
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	839000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	115245000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-178422000	USD
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	73379000	USD
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	3306000	USD
CY2019Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	69833000	USD
CY2018Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	72556000	USD
CY2020Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	143212000	USD
CY2019Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	75862000	USD
	us-gaap	Interest Paid Net InterestPaidNet	20525000	USD
	us-gaap	Interest Paid Net InterestPaidNet	21463000	USD
	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	1381000	USD
	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	5018000	USD
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	-614000	USD
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	-802000	USD
	us-gaap	Nature Of Operations NatureOfOperations	DESCRIPTION OF BUSINESS<div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;"> </span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;">General</span></div><div><span><br/></span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">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.</span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;"> </span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">We focus on owning premium-branded hotels with efficient operating models primarily in the Upscale segment of the lodging industry. At June 30, 2020, our portfolio consisted of 72 hotels with a total of 11,288 guestrooms located in 23 states. As of June 30, 2020, we own 100% of the outstanding equity interests in 67 of our 72 hotels. We own a 51% controlling interest in five hotels that we acquired in 2019 through a joint venture. 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 our taxable REIT subsidiaries (“TRS Lessees”). </span></div><div><span><br/></span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;">Risks and Uncertainties</span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;"> </span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:107%;">The Company is subject to risks and uncertainties as a result of the effects of the novel coronavirus, designated as COVID-19 (“COVID-19”). The full extent of the effects of the COVID-19 pandemic on the Company's business is highly uncertain and difficult to predict, as the response to the pandemic has varied by state and municipalities within states. The Company first began to experience effects from COVID-19 in March 2020, when the World Health Organization (“WHO”) declared a public health emergency of international concern related to COVID-19. By March 31, 2020, stay-at-home directives had been issued in many states across the United States and many local jurisdictions had additionally required the temporary closure of businesses deemed to be non-essential. In April 2020, certain states began to issue guidelines and implement plans for allowing businesses and other activities in their states to re-open or resume in various phases. However, beginning in June 2020, surges in new COVID-19 cases slowed the pace of the nascent economic recovery and delayed or reversed the resumption of certain activities and business re-openings across the country. </span></div><div><span><br/></span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:107%;">These actions and restrictions have had a significant negative effect on the U.S. and global economies, including a rapid and sharp decline in all forms of travel, both domestic and international, and a significant decline in the demand for hotels and guestrooms. These conditions have resulted in a substantial decline in our revenues, profitability and cash flows from operations during the first half of 2020 and are expected to continue to materially adversely affect our operations and financial results until travel and business restrictions are eased, consumer confidence is restored and an economic recovery commences. The COVID-19 pandemic has also significantly increased economic uncertainty and has led to disruption and volatility in the global capital markets, which could increase our cost of, and limit accessibility to, capital. </span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The COVID-19 pandemic caused the Company to temporarily suspend operations at six hotels containing 934 guestrooms in March 2020. An additional nine hotels, containing 1,278 guestrooms, each of which is adjacent to another of our hotels ("Sister Properties"), continued to accept reservations, but guests were directed to Sister Properties. During the second quarter ended June 30, 2020, five hotels containing 682 guestrooms and four hotel properties adjacent to Sister Properties containing 506 guestrooms were re-opened. As of June 30, 2020, only one hotel with 252 guestrooms still has suspended operations and guests at five other hotels containing 772 guestrooms are being directed to Sister Properties. In addition to closing or consolidating operations of certain hotels, the Company has taken several actions to mitigate the effects of the COVID-19 pandemic on the Company, including the following:</span></div><div><span><br/></span></div><div style="text-indent:-18pt;padding-left:36pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt;">Borrowed an additional net amount of $125.0 million on our $400 million unsecured revolving credit facility ("$400 Million Revolver") during the six months ended June 30, 2020 as a precautionary measure to provide sufficient liquidity to meet our funding needs for at least the next twelve months. At July 31, 2020, we had $117.3 million of consolidated unrestricted cash on hand and an additional $150.0 million of undrawn availability on our $400 Million Revolver, as amended by the First Amendment (as defined below). We have no debt maturing before November 2022.</span></div><div style="text-indent:-18pt;padding-left:36pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt;">Amended loan agreements of our 2018 Unsecured Credit Facility, 2017 Term Loan and 2018 Term Loan to provide for financial covenant waivers through March 31, 2021, to modify or waive compliance with certain financial covenant measures for the final three quarters of 2021 and to access additional borrowing capacity of $150.0 million under our $400 Million Revolver.</span></div><div style="text-indent:-18pt;padding-left:36pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt;">Amended our joint venture credit agreement to provide for a financial covenant waiver through March 31, 2021, to modify certain financial covenant measures through June 30, 2022, and to access additional availability to fund operating expense deficits and various capital expenditures.</span></div><div style="text-indent:-18pt;padding-left:36pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt;">Suspended the declaration and payment of dividends on our common stock and operating partnership units. This will conserve an additional $19.0 million of cash quarterly, or $75.0 million on an annualized basis.</span></div><div style="text-indent:-18pt;padding-left:36pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt;">Postponed all non-essential capital improvement projects planned for 2020 beyond those already substantially complete, which is expected to reduce previously planned total capital expenditures by at least $35.0 million, or over 50% based on the midpoint of our previously provided guidance range of total capital expenditures for 2020.</span></div><div style="text-indent:-18pt;padding-left:36pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt;">Adopted comprehensive cost reduction initiatives, including the reduction of labor and temporary elimination of certain services and amenities, at all hotels. Certain labor costs and services or amenities have been added back on a limited basis as improvements in occupancy levels have supported. As described above, we temporarily suspended operations at certain hotels in response to specific government mandates or as the result of adverse market conditions.</span></div><div style="text-indent:-18pt;padding-left:36pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt;">Negotiated the temporary suspension of FF&E funding requirements for certain of our hotels and facilitated the interim or permanent use of cash deposited in our restricted cash reserve for replacement of furniture, fixtures and equipment ("FF&E Reserve Accounts") of certain of our hotels for general working capital purposes.</span></div><div style="text-indent:-18pt;padding-left:36pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt;">Implemented a voluntary 25% temporary reduction of base salaries and fees, respectively, for executive officers and independent members of the Board of Directors in April 2020.</span></div><div style="text-indent:-18pt;padding-left:36pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt;">Furloughed approximately 25% of the corporate-level staff in April 2020. Certain of the furloughed staff have been reinstated during the second quarter of 2020 to meet specific needs of the Company as supported by our operating performance, but the majority of the furloughed staff remain inactive. Temporary salary reductions for the majority of our remaining non-executive employees were also implemented in April 2020.</span></div><div style="text-indent:-18pt;padding-left:36pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">•</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt;">Implemented a temporary hiring freeze for any new corporate-level positions.</span></div><div><span><br/></span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">It is currently extremely difficult to predict how long the effects of the COVID-19 pandemic on the Company will continue, when an economic recovery will commence, and the length of time it will take for us to return to operational and financial performance that is consistent with our 2019 fiscal year. Despite the uncertainty, based on the actions we have taken, we believe we have sufficient cash and access to liquidity to meet our obligations for at least the next twelve months.</span></div>
CY2020Q2	us-gaap	Number Of States In Which Entity Operates NumberOfStatesInWhichEntityOperates	23	State
CY2020Q2	inn	Numberof Real Estate Properties With Full Ownership NumberofRealEstatePropertiesWithFullOwnership	67	Property
CY2020Q1	inn	Number Of Hotels Temporarily Suspended NumberOfHotelsTemporarilySuspended	6	hotel
CY2020Q1	inn	Number Of Guestrooms Temporarily Suspended NumberOfGuestroomsTemporarilySuspended	934	Room
CY2020Q1	inn	Number Of Hotels With Guests Directed To Sister Properties NumberOfHotelsWithGuestsDirectedToSisterProperties	9	hotel
CY2020Q1	inn	Number Of Guestrooms With Guests Directing To Sister Properties NumberOfGuestroomsWithGuestsDirectingToSisterProperties	1278	Room
CY2020Q2	inn	Number Of Hotels Re Opened NumberOfHotelsReOpened	5	hotel
CY2020Q2	inn	Number Of Guestrooms Re Opened NumberOfGuestroomsReOpened	682	Room
CY2020Q2	inn	Number Of Hotels Adjacent To Sister Properties Re Opened NumberOfHotelsAdjacentToSisterPropertiesReOpened	4	hotel
CY2020Q2	inn	Number Of Guestrooms Adjacent To Sister Properties Re Opened NumberOfGuestroomsAdjacentToSisterPropertiesReOpened	506	Room
CY2020Q2	inn	Number Of Hotels Temporarily Suspended NumberOfHotelsTemporarilySuspended	1	hotel
CY2020Q2	inn	Number Of Guestrooms Temporarily Suspended NumberOfGuestroomsTemporarilySuspended	252	Room
CY2020Q2	inn	Number Of Hotels With Guests Directed To Sister Properties NumberOfHotelsWithGuestsDirectedToSisterProperties	5	hotel
CY2020Q2	inn	Number Of Guestrooms With Guests Directing To Sister Properties NumberOfGuestroomsWithGuestsDirectingToSisterProperties	772	Room
CY2020Q2	inn	Conserved Cash On Suspension Of Dividend Quarterly ConservedCashOnSuspensionOfDividendQuarterly	19000000.0	USD
CY2020Q2	inn	Conserved Cash On Suspension Of Dividend Annually ConservedCashOnSuspensionOfDividendAnnually	75000000.0	USD
CY2020Q2	inn	Estimated Decrease Of Capital Expenditures EstimatedDecreaseOfCapitalExpenditures	35000000.0	USD
CY2020Q2	inn	Estimated Decrease Of Capital Expenditures Percentage EstimatedDecreaseOfCapitalExpendituresPercentage	0.50
CY2020Q2	inn	Percentage Of Temporary Reduction Of Base Salaries And Fees PercentageOfTemporaryReductionOfBaseSalariesAndFees	0.25
CY2020Q2	inn	Percentage Of Corporate Level Staff Furloughed PercentageOfCorporateLevelStaffFurloughed	0.25
CY2020Q2	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	400000	USD
CY2019Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	200000	USD
CY2020Q2	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	200000	USD
CY2019Q2	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	100000	USD
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	500000	USD
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	200000	USD
	us-gaap	Use Of Estimates UseOfEstimates	<div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;">Use of Estimates</span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;"> </span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Our Condensed Consolidated Financial Statements are prepared in conformity with GAAP, which requires us to make estimates based on assumptions about current and, for some estimates, future economic and market conditions that affect reported amounts and related disclosures in our Condensed Consolidated Financial Statements. Although our current estimates contemplate current and expected future conditions, as applicable, it is reasonably possible that actual conditions could materially differ from our expectations, which could materially affect our expectations for our consolidated financial position and results of operations. In particular, a number of estimates have been and will continue to be affected by the ongoing COVID-19 pandemic. </span></div><div><span><br/></span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The evaluation of the carrying amounts of our assets described above requires that we make projections of the future estimated cash flows and residual values of the assets or underlying collateral based on assumptions derived from available information about future market conditions that will affect these projections. While the potential magnitude and duration of the business and economic effects of the COVID-19 pandemic are uncertain, our analysis of future estimated cash flows, values of assets or underlying collateral assumes that the nascent and gradual recovery in our business that began in the second half of April 2020 will continue into the second half of 2020 and operating performance will improve gradually over a multi-year period before reaching prior peak performance levels. </span></div><div><span><br/></span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The severity, magnitude and duration of the COVID-19 pandemic, as well as its economic consequences, are uncertain, rapidly changing and difficult to predict. As such, there can be no assurance that our forecasts and underlying assumptions will be realized. As a result, our accounting estimates and assumptions may change over time, and actual results may differ materially from our expectations. We will continue to monitor the effects of the COVID-19 pandemic in future quarters. If actual results differ from our forecasts, this may result in future impairments of hotel properties, intangible assets, right-of-use assets, or investment securities such as our purchase options, or in incremental credit losses on our notes receivables.</span></div>
	us-gaap	Business Acquisition Pro Forma Earnings Per Share Basic BusinessAcquisitionProFormaEarningsPerShareBasic	-0.70
	us-gaap	Business Acquisition Pro Forma Earnings Per Share Diluted BusinessAcquisitionProFormaEarningsPerShareDiluted	-0.70
CY2020Q2	inn	Real Estate Investment Property At Cost Excluding Undeveloped Land RealEstateInvestmentPropertyAtCostExcludingUndevelopedLand	2582375000	USD
CY2019Q4	inn	Real Estate Investment Property At Cost Excluding Undeveloped Land RealEstateInvestmentPropertyAtCostExcludingUndevelopedLand	2568219000	USD
CY2020Q2	inn	Real Estate Investment Property Accumulated Depreciation And Amortization Excluding Undeveloped Land RealEstateInvestmentPropertyAccumulatedDepreciationAndAmortizationExcludingUndevelopedLand	436463000	USD
CY2019Q4	inn	Real Estate Investment Property Accumulated Depreciation And Amortization Excluding Undeveloped Land RealEstateInvestmentPropertyAccumulatedDepreciationAndAmortizationExcludingUndevelopedLand	383987000	USD
CY2020Q2	inn	Real Estate Investment Property Net Excluding Undeveloped Land RealEstateInvestmentPropertyNetExcludingUndevelopedLand	2145912000	USD
CY2019Q4	inn	Real Estate Investment Property Net Excluding Undeveloped Land RealEstateInvestmentPropertyNetExcludingUndevelopedLand	2184232000	USD
CY2020Q2	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	72	hotel
CY2020Q2	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	72	hotel
CY2020Q2	us-gaap	Business Acquisitions Pro Forma Revenue BusinessAcquisitionsProFormaRevenue	25435000	USD
CY2019Q2	us-gaap	Business Acquisitions Pro Forma Revenue BusinessAcquisitionsProFormaRevenue	152240000	USD
	us-gaap	Business Acquisitions Pro Forma Revenue BusinessAcquisitionsProFormaRevenue	133820000	USD
CY2019Q2	inn	Business Acquisition Pro Forma Incomefrom Hotel Operations BusinessAcquisitionProFormaIncomefromHotelOperations	60905000	USD
	us-gaap	Business Acquisitions Pro Forma Revenue BusinessAcquisitionsProFormaRevenue	293996000	USD
CY2020Q2	inn	Business Acquisition Pro Forma Incomefrom Hotel Operations BusinessAcquisitionProFormaIncomefromHotelOperations	-10009000	USD
	inn	Business Acquisition Pro Forma Incomefrom Hotel Operations BusinessAcquisitionProFormaIncomefromHotelOperations	19716000	USD
	inn	Business Acquisition Pro Forma Incomefrom Hotel Operations BusinessAcquisitionProFormaIncomefromHotelOperations	114713000	USD
CY2020Q2	us-gaap	Business Acquisitions Pro Forma Net Income Loss BusinessAcquisitionsProFormaNetIncomeLoss	-52543000	USD
CY2019Q2	us-gaap	Business Acquisitions Pro Forma Net Income Loss BusinessAcquisitionsProFormaNetIncomeLoss	20791000	USD
	us-gaap	Business Acquisitions Pro Forma Net Income Loss BusinessAcquisitionsProFormaNetIncomeLoss	-68756000	USD
	us-gaap	Business Acquisitions Pro Forma Net Income Loss BusinessAcquisitionsProFormaNetIncomeLoss	36394000	USD
CY2020Q2	inn	Business Acquisition Pro Forma Net Income Loss Net Of Amount Allocated To Participating Securities BusinessAcquisitionProFormaNetIncomeLossNetOfAmountAllocatedToParticipatingSecurities	-54126000	USD
CY2019Q2	inn	Business Acquisition Pro Forma Net Income Loss Net Of Amount Allocated To Participating Securities BusinessAcquisitionProFormaNetIncomeLossNetOfAmountAllocatedToParticipatingSecurities	13752000	USD
	inn	Business Acquisition Pro Forma Net Income Loss Net Of Amount Allocated To Participating Securities BusinessAcquisitionProFormaNetIncomeLossNetOfAmountAllocatedToParticipatingSecurities	-73231000	USD
	inn	Business Acquisition Pro Forma Net Income Loss Net Of Amount Allocated To Participating Securities BusinessAcquisitionProFormaNetIncomeLossNetOfAmountAllocatedToParticipatingSecurities	22612000	USD
CY2020Q2	us-gaap	Business Acquisition Pro Forma Earnings Per Share Diluted BusinessAcquisitionProFormaEarningsPerShareDiluted	-0.52
CY2020Q2	us-gaap	Business Acquisition Pro Forma Earnings Per Share Basic BusinessAcquisitionProFormaEarningsPerShareBasic	-0.52
CY2019Q2	us-gaap	Business Acquisition Pro Forma Earnings Per Share Basic BusinessAcquisitionProFormaEarningsPerShareBasic	0.13
CY2019Q2	us-gaap	Business Acquisition Pro Forma Earnings Per Share Diluted BusinessAcquisitionProFormaEarningsPerShareDiluted	0.13
	inn	Business Combination Pro Forma Information Net Income Loss Real Estate Tax Expense Depreciation Expense Interest Expense And Other Corporate Expenses BusinessCombinationProFormaInformationNetIncomeLossRealEstateTaxExpenseDepreciationExpenseInterestExpenseAndOtherCorporateExpenses	97500000	USD
	us-gaap	Business Acquisition Pro Forma Earnings Per Share Diluted BusinessAcquisitionProFormaEarningsPerShareDiluted	0.22
	us-gaap	Business Acquisition Pro Forma Earnings Per Share Basic BusinessAcquisitionProFormaEarningsPerShareBasic	0.22
CY2020Q2	inn	Business Combination Pro Forma Information Net Income Loss Real Estate Tax Expense Depreciation Expense Interest Expense And Other Corporate Expenses BusinessCombinationProFormaInformationNetIncomeLossRealEstateTaxExpenseDepreciationExpenseInterestExpenseAndOtherCorporateExpenses	51800000	USD
CY2019Q2	inn	Business Combination Pro Forma Information Net Income Loss Real Estate Tax Expense Depreciation Expense Interest Expense And Other Corporate Expenses BusinessCombinationProFormaInformationNetIncomeLossRealEstateTaxExpenseDepreciationExpenseInterestExpenseAndOtherCorporateExpenses	49600000	USD
	inn	Business Combination Pro Forma Information Net Income Loss Real Estate Tax Expense Depreciation Expense Interest Expense And Other Corporate Expenses BusinessCombinationProFormaInformationNetIncomeLossRealEstateTaxExpenseDepreciationExpenseInterestExpenseAndOtherCorporateExpenses	108400000	USD
CY2020Q2	inn	Business Combination Pro Forma Information Net Income Loss Adjusted Real Estate Tax Expense Depreciation Expense Interest Expense And Other Corporate Expenses BusinessCombinationProFormaInformationNetIncomeLossAdjustedRealEstateTaxExpenseDepreciationExpenseInterestExpenseAndOtherCorporateExpenses	49500000	USD
CY2019Q2	inn	Business Combination Pro Forma Information Net Income Loss Adjusted Real Estate Tax Expense Depreciation Expense Interest Expense And Other Corporate Expenses BusinessCombinationProFormaInformationNetIncomeLossAdjustedRealEstateTaxExpenseDepreciationExpenseInterestExpenseAndOtherCorporateExpenses	49400000	USD
	inn	Business Combination Pro Forma Information Net Income Loss Adjusted Real Estate Tax Expense Depreciation Expense Interest Expense And Other Corporate Expenses BusinessCombinationProFormaInformationNetIncomeLossAdjustedRealEstateTaxExpenseDepreciationExpenseInterestExpenseAndOtherCorporateExpenses	103700000	USD
	inn	Business Combination Pro Forma Information Net Income Loss Adjusted Real Estate Tax Expense Depreciation Expense Interest Expense And Other Corporate Expenses BusinessCombinationProFormaInformationNetIncomeLossAdjustedRealEstateTaxExpenseDepreciationExpenseInterestExpenseAndOtherCorporateExpenses	97100000	USD
	us-gaap	Asset Impairment Charges AssetImpairmentCharges	800000	USD
CY2020Q2	inn	Financing Receivable Modifications Interest Payment Deferrals Period FinancingReceivableModificationsInterestPaymentDeferralsPeriod	P90D
CY2020Q2	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	2600000	USD
CY2020Q2	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	2600000	USD
	us-gaap	Debt Instrument Interest Rate During Period DebtInstrumentInterestRateDuringPeriod	0.0339
CY2019	us-gaap	Debt Instrument Interest Rate During Period DebtInstrumentInterestRateDuringPeriod	0.0395
CY2020Q2	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	1167368000	USD
CY2019Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	1022726000	USD
CY2020Q2	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	7969000	USD
CY2019Q4	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	6563000	USD
CY2020Q2	us-gaap	Long Term Debt LongTermDebt	1159399000	USD
CY2019Q4	us-gaap	Long Term Debt LongTermDebt	1016163000	USD
CY2020Q2	us-gaap	Longterm Debt Percentage Bearing Fixed Interest Amount LongtermDebtPercentageBearingFixedInterestAmount	547511000	USD
CY2019Q2	us-gaap	Operating Lease Payments OperatingLeasePayments	700000	USD
CY2019Q4	us-gaap	Long Term Debt Percentage Bearing Variable Interest Rate LongTermDebtPercentageBearingVariableInterestRate	0.46
CY2020Q2	us-gaap	Long Term Debt Percentage Bearing Fixed Interest Rate LongTermDebtPercentageBearingFixedInterestRate	0.47
CY2019Q4	us-gaap	Longterm Debt Percentage Bearing Fixed Interest Amount LongtermDebtPercentageBearingFixedInterestAmount	549236000	USD
CY2019Q4	us-gaap	Long Term Debt Percentage Bearing Fixed Interest Rate LongTermDebtPercentageBearingFixedInterestRate	0.54
CY2020Q2	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	1167368000	USD
CY2019Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	1022726000	USD
CY2020Q2	us-gaap	Longterm Debt Percentage Bearing Variable Interest Amount LongtermDebtPercentageBearingVariableInterestAmount	619857000	USD
CY2020Q2	us-gaap	Long Term Debt Percentage Bearing Variable Interest Rate LongTermDebtPercentageBearingVariableInterestRate	0.53
CY2019Q4	us-gaap	Longterm Debt Percentage Bearing Variable Interest Amount LongtermDebtPercentageBearingVariableInterestAmount	473490000	USD
CY2020Q2	us-gaap	Rental Income Nonoperating RentalIncomeNonoperating	500000	USD
CY2019Q2	us-gaap	Rental Income Nonoperating RentalIncomeNonoperating	500000	USD
	us-gaap	Rental Income Nonoperating RentalIncomeNonoperating	1000000.0	USD
	us-gaap	Rental Income Nonoperating RentalIncomeNonoperating	900000	USD
CY2020Q2	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.049
CY2020Q2	us-gaap	Operating Lease Cost OperatingLeaseCost	700000	USD
CY2019Q2	us-gaap	Operating Lease Cost OperatingLeaseCost	800000	USD
CY2020Q2	us-gaap	Operating Lease Payments OperatingLeasePayments	600000	USD
	us-gaap	Operating Lease Cost OperatingLeaseCost	1600000	USD
	us-gaap	Operating Lease Cost OperatingLeaseCost	1800000	USD
	us-gaap	Operating Lease Payments OperatingLeasePayments	1400000	USD
	us-gaap	Operating Lease Payments OperatingLeasePayments	1600000	USD
CY2020Q1	inn	Discrete Income Tax Expense DiscreteIncomeTaxExpense	2100000	USD
CY2020Q2	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P28Y3M18D
CY2020Q2	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	1082000	USD
CY2020Q2	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	2066000	USD
CY2020Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	1842000	USD
CY2020Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	970000	USD
CY2020Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	910000	USD
CY2020Q2	inn	Lessee Operating Lease Liability To Be Paid After Year Four LesseeOperatingLeaseLiabilityToBePaidAfterYearFour	28906000	USD
CY2020Q2	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	35776000	USD
CY2020Q2	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	16707000	USD
CY2020Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	19069000	USD
CY2020Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	500000000	shares
CY2020Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2019Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	105169515	shares
CY2018Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	104783179	shares
	us-gaap	Stock Issued During Period Shares Share Based Compensation Gross StockIssuedDuringPeriodSharesShareBasedCompensationGross	676171	shares
	us-gaap	Stock Issued During Period Shares Share Based Compensation Gross StockIssuedDuringPeriodSharesShareBasedCompensationGross	537734	shares
	us-gaap	Stock Issued During Period Shares Conversion Of Units StockIssuedDuringPeriodSharesConversionOfUnits	33579	shares
	us-gaap	Stock Issued During Period Shares Conversion Of Units StockIssuedDuringPeriodSharesConversionOfUnits	6076	shares
	us-gaap	Stock Issued During Period Shares Share Based Compensation Forfeited StockIssuedDuringPeriodSharesShareBasedCompensationForfeited	210897	shares
	us-gaap	Stock Issued During Period Shares Share Based Compensation Forfeited StockIssuedDuringPeriodSharesShareBasedCompensationForfeited	166478	shares
	us-gaap	Shares Paid For Tax Withholding For Share Based Compensation SharesPaidForTaxWithholdingForShareBasedCompensation	65345	shares
	us-gaap	Shares Paid For Tax Withholding For Share Based Compensation SharesPaidForTaxWithholdingForShareBasedCompensation	74340	shares
CY2020Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	105696833	shares
CY2019Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	105126626	shares
CY2020Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	100000000	shares
CY2020Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
	us-gaap	Asset Impairment Charges AssetImpairmentCharges	800000	USD
CY2020Q2	inn	Restricted Cash Released RestrictedCashReleased	1600000	USD
CY2020Q2	inn	Restricted Cash Numberof Hotels Cash Released For RestrictedCashNumberofHotelsCashReleasedFor	7	hotel
CY2020Q2	inn	Restricted Cash Released To Be Repaidin10 Equal Installments RestrictedCashReleasedToBeRepaidin10EqualInstallments	8900000	USD
CY2020Q2	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	18700000	USD
CY2019Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	27600000	USD
CY2019Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	700000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1700000	USD
CY2020Q2	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	10400000	USD
CY2020Q2	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	10432000	USD
CY2020Q2	inn	Share Based Payment Arrangement Nonvested Award Cost Not Yet Recognized Amount Remainder Of Fiscal Year ShareBasedPaymentArrangementNonvestedAwardCostNotYetRecognizedAmountRemainderOfFiscalYear	3038000	USD
CY2020Q2	inn	Share Based Payment Arrangement Nonvested Award Cost Not Yet Recognized Amount Year One ShareBasedPaymentArrangementNonvestedAwardCostNotYetRecognizedAmountYearOne	4513000	USD
CY2020Q2	inn	Share Based Payment Arrangement Nonvested Award Cost Not Yet Recognized Amount Year Two ShareBasedPaymentArrangementNonvestedAwardCostNotYetRecognizedAmountYearTwo	2433000	USD
CY2020Q2	inn	Share Based Payment Arrangement Nonvested Award Cost Not Yet Recognized Amount Year Three ShareBasedPaymentArrangementNonvestedAwardCostNotYetRecognizedAmountYearThree	431000	USD
CY2020Q2	inn	Share Based Payment Arrangement Nonvested Award Cost Not Yet Recognized Amount Year Four ShareBasedPaymentArrangementNonvestedAwardCostNotYetRecognizedAmountYearFour	17000	USD
CY2020Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-200000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1100000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1700000	USD
CY2020Q2	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0	USD
	inn	Operating Loss Carryback Expected Benefit OperatingLossCarrybackExpectedBenefit	1000000.0	USD
CY2020Q2	us-gaap	Profit Loss ProfitLoss	-52548000	USD
CY2019Q2	us-gaap	Profit Loss ProfitLoss	49069000	USD
	us-gaap	Profit Loss ProfitLoss	-68762000	USD
	us-gaap	Profit Loss ProfitLoss	61969000	USD
CY2020Q2	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	3709000	USD
CY2019Q2	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	3709000	USD
	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	7418000	USD
	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	7418000	USD
CY2020Q2	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	0	USD
CY2019Q2	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	195000	USD
	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	81000	USD
	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	218000	USD
CY2020Q2	us-gaap	Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable	-96000	USD
CY2019Q2	us-gaap	Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable	112000	USD
	us-gaap	Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable	-133000	USD
	us-gaap	Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable	135000	USD
CY2020Q2	us-gaap	Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable	-2035000	USD
CY2019Q2	us-gaap	Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable	0	USD
	us-gaap	Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable	-2890000	USD
	us-gaap	Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable	0	USD
CY2020Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-54126000	USD
CY2019Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	45053000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-73238000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	54198000	USD
CY2020Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	104154000	shares
CY2019Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	103896000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	104075000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	103823000	shares
CY2020Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
CY2019Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	41000	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	65000	shares
CY2020Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	104154000	shares
CY2019Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	103937000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	104075000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	103888000	shares
CY2020Q2	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.52
CY2019Q2	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.43
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.70
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.52

Files In Submission

Name	View Source	Status
0001497645-20-000011-index-headers.html	Edgar Link	pending
0001497645-20-000011-index.html	Edgar Link	pending
0001497645-20-000011.txt	Edgar Link	pending
0001497645-20-000011-xbrl.zip	Edgar Link	pending
exhibit3116-30x2020.htm	Edgar Link	pending
exhibit3126-30x2020.htm	Edgar Link	pending
exhibit3216-30x2020.htm	Edgar Link	pending
exhibit3226-30x2020.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
inn-20200630.htm	Edgar Link	pending
inn-20200630.xsd	Edgar Link	pending
inn-20200630_cal.xml	Edgar Link	unprocessable
inn-20200630_def.xml	Edgar Link	unprocessable
inn-20200630_htm.xml	Edgar Link	completed
inn-20200630_lab.xml	Edgar Link	unprocessable
inn-20200630_pre.xml	Edgar Link	unprocessable
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
R42.htm	Edgar Link	pending
R43.htm	Edgar Link	pending
R44.htm	Edgar Link	pending
R45.htm	Edgar Link	pending
R46.htm	Edgar Link	pending
R47.htm	Edgar Link	pending
R48.htm	Edgar Link	pending
R49.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R50.htm	Edgar Link	pending
R51.htm	Edgar Link	pending
R52.htm	Edgar Link	pending
R53.htm	Edgar Link	pending
R54.htm	Edgar Link	pending
R55.htm	Edgar Link	pending
R56.htm	Edgar Link	pending
R57.htm	Edgar Link	pending
R58.htm	Edgar Link	pending
R59.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R60.htm	Edgar Link	pending
R61.htm	Edgar Link	pending
R62.htm	Edgar Link	pending
R63.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$INN
Summit Hotel Properties, Inc. Stock $inn

2020 Q2 Form 10-Q Financial Statement

#000149764520000011 Filed on August 05, 2020

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$INN Summit Hotel Properties, Inc. Stock $inn

2020 Q2 Form 10-Q Financial Statement

#000149764520000011 Filed on August 05, 2020

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$INN
Summit Hotel Properties, Inc. Stock $inn