2024 Q4 Form 10-Q Financial Statement

#000149764524000077 Filed on November 04, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $176.8M
YoY Change -2.75%
Cost Of Revenue $103.6M
YoY Change -1.49%
Gross Profit $73.17M
YoY Change -4.47%
Gross Profit Margin 41.39%
Selling, General & Admin $20.72M
YoY Change -7.9%
% of Gross Profit 28.32%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $36.71M
YoY Change -3.15%
% of Gross Profit 50.17%
Operating Expenses $57.43M
YoY Change -4.44%
Operating Profit $15.76M
YoY Change -4.38%
Interest Expense -$19.98M
YoY Change -190.73%
% of Operating Profit -126.8%
Other Income/Expense, Net -$18.98M
YoY Change -9.13%
Pretax Income -$3.224M
YoY Change -26.88%
Income Tax $300.0K
% Of Pretax Income
Net Earnings -$3.556M
YoY Change -38.36%
Net Earnings / Revenue -2.01%
Basic Earnings Per Share -$0.04
Diluted Earnings Per Share -$0.04
COMMON SHARES
Basic Shares Outstanding 108.4M shares 108.3M shares
Diluted Shares Outstanding 106.0M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $51.70M
YoY Change -6.51%
Cash & Equivalents $51.70M
Short-Term Investments
Other Short-Term Assets $16.65M
YoY Change 28.05%
Inventory
Prepaid Expenses
Receivables $20.72M
Other Receivables $0.00
Total Short-Term Assets $89.07M
YoY Change -3.71%
LONG-TERM ASSETS
Property, Plant & Equipment $2.703B
YoY Change -5.71%
Goodwill
YoY Change
Intangibles $26.97M
YoY Change -15.02%
Long-Term Investments
YoY Change
Other Assets $32.20M
YoY Change 17.08%
Total Long-Term Assets $2.748B
YoY Change -5.97%
TOTAL ASSETS
Total Short-Term Assets $89.07M
Total Long-Term Assets $2.748B
Total Assets $2.837B
YoY Change -5.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.130M
YoY Change -11.16%
Accrued Expenses $121.6M
YoY Change 2.75%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $127.7M
YoY Change 1.99%
LONG-TERM LIABILITIES
Long-Term Debt $1.336B
YoY Change -7.51%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $1.336B
YoY Change -7.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $127.7M
Total Long-Term Liabilities $1.336B
Total Liabilities $1.464B
YoY Change -6.76%
SHAREHOLDERS EQUITY
Retained Earnings -$339.0M
YoY Change 7.03%
Common Stock $1.085M
YoY Change 0.84%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $911.4M
YoY Change
Total Liabilities & Shareholders Equity $2.837B
YoY Change -5.9%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income -$3.556M
YoY Change -38.36%
Depreciation, Depletion And Amortization $36.71M
YoY Change -3.15%
Cash From Operating Activities $55.66M
YoY Change 26.22%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities -$16.97M
YoY Change -22.16%
Cash From Investing Activities -$16.97M
YoY Change -28.1%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -32.30M
YoY Change 32.36%
NET CHANGE
Cash From Operating Activities 55.66M
Cash From Investing Activities -16.97M
Cash From Financing Activities -32.30M
Net Change In Cash 6.398M
YoY Change -264.05%
FREE CASH FLOW
Cash From Operating Activities $55.66M
Capital Expenditures $0.00
Free Cash Flow $55.66M
YoY Change 31.59%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001497645
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Transition Report
DocumentTransitionReport
false
dei Entity Registrant Name
EntityRegistrantName
SUMMIT HOTEL PROPERTIES, INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
MD
dei Entity Address Address Line2
EntityAddressAddressLine2
Suite B-300
dei City Area Code
CityAreaCode
512
dei Local Phone Number
LocalPhoneNumber
538-2300
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Small Business
EntitySmallBusiness
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2024Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
108417648 shares
CY2023Q3 us-gaap Revenues
Revenues
181816000 usd
CY2024Q3 us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
13250000 usd
CY2023Q3 us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
14369000 usd
CY2024Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
36708000 usd
CY2024Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7473000 usd
CY2023Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8126000 usd
CY2024Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
10000 usd
CY2024Q3 us-gaap Costs And Expenses
CostsAndExpenses
161074000 usd
CY2023Q3 us-gaap Costs And Expenses
CostsAndExpenses
165324000 usd
CY2024Q3 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
22000 usd
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
16476000 usd
CY2024Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
450000 usd
CY2023Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
474000 usd
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.23
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
105891000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
105650000 shares
CY2024Q3 us-gaap Profit Loss
ProfitLoss
-3556000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
3640000 usd
CY2024Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-16596000 usd
CY2023Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-2129000 usd
CY2024Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-7475000 usd
CY2023Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-4140000 usd
CY2024Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-9121000 usd
CY2024Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3968000 usd
CY2023Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3968000 usd
CY2024Q3 inn Comprehensive Income Loss Available To Common Stockholders
ComprehensiveIncomeLossAvailableToCommonStockholders
-13745000 usd
CY2023Q3 inn Comprehensive Income Loss Available To Common Stockholders
ComprehensiveIncomeLossAvailableToCommonStockholders
-2613000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
59037000 usd
dei Entity Address City Or Town
EntityAddressCityOrTown
Austin
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
78738
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
24488000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
25225000 usd
CY2023Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
0 usd
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
10000 usd
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
24000 usd
us-gaap Costs And Expenses
CostsAndExpenses
491838000 usd
us-gaap Costs And Expenses
CostsAndExpenses
499997000 usd
CY2023Q3 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-16000 usd
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-336000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
47768000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
61808000 usd
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Amendment Flag
AmendmentFlag
false
dei Document Period End Date
DocumentPeriodEndDate
2024-09-30
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
27-2962512
dei Entity Address State Or Province
EntityAddressStateOrProvince
TX
CY2024Q3 us-gaap Land Available For Development
LandAvailableForDevelopment
5397000 usd
CY2024Q3 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
18621000 usd
CY2023Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
65736000 usd
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
51698000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
8865000 usd
CY2024Q3 inn Deferred Costs Net
DeferredCostsNet
6237000 usd
CY2023Q4 inn Deferred Costs Net
DeferredCostsNet
6659000 usd
CY2024Q3 us-gaap Other Assets
OtherAssets
7688000 usd
CY2023Q4 us-gaap Other Assets
OtherAssets
15632000 usd
CY2024Q3 us-gaap Assets
Assets
2837283000 usd
CY2023Q4 us-gaap Assets
Assets
2939248000 usd
CY2024Q3 us-gaap Long Term Debt
LongTermDebt
1336095000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
1430668000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
24879000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
25842000 usd
CY2024Q3 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
6130000 usd
CY2023Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
4827000 usd
CY2024Q3 inn Accrued And Other Liabilities
AccruedAndOtherLiabilities
96679000 usd
CY2023Q4 inn Accrued And Other Liabilities
AccruedAndOtherLiabilities
81215000 usd
CY2024Q3 us-gaap Liabilities
Liabilities
1463783000 usd
CY2023Q4 us-gaap Liabilities
Liabilities
1542552000 usd
CY2024Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
0 usd
CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
0 usd
CY2023Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
50219000 usd
CY2024Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2024Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2024Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2024Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2024Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
108453266 shares
CY2024Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
108453266 shares
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
107593373 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
107593373 shares
CY2024Q3 us-gaap Common Stock Value
CommonStockValue
1085000 usd
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
1076000 usd
CY2024Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
1244335000 usd
CY2023Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
1238896000 usd
CY2024Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
4959000 usd
CY2024Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-339047000 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-339848000 usd
dei Entity File Number
EntityFileNumber
001-35074
dei Entity Address Address Line1
EntityAddressAddressLine1
13215 Bee Cave Parkway
CY2024Q3 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
50219000 usd
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
10967000 usd
us-gaap Revenues
Revenues
558852000 usd
us-gaap Revenues
Revenues
558692000 usd
us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
40822000 usd
us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
43308000 usd
CY2023Q3 inn Provision For Recoveries Of Credit Losses
ProvisionForRecoveriesOfCreditLosses
-250000 usd
inn Provision For Recoveries Of Credit Losses
ProvisionForRecoveriesOfCreditLosses
0 usd
inn Provision For Recoveries Of Credit Losses
ProvisionForRecoveriesOfCreditLosses
-500000 usd
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
28439000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
58359000 usd
us-gaap Investment Income Interest
InvestmentIncomeInterest
1473000 usd
us-gaap Investment Income Interest
InvestmentIncomeInterest
1190000 usd
CY2024Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2023Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
3000000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2024Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
999000 usd
CY2023Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
661000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3813000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
458000 usd
CY2024Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-18979000 usd
CY2023Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-20885000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-54554000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-63529000 usd
CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-3224000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-4409000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
40899000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-5170000 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
332000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1360000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2924000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1679000 usd
CY2024Q3 inn Net Income Loss Available To Common Stockholders Before Amounts Allocated To Participating Securities
NetIncomeLossAvailableToCommonStockholdersBeforeAmountsAllocatedToParticipatingSecurities
-3556000 usd
CY2023Q3 inn Net Income Loss Available To Common Stockholders Before Amounts Allocated To Participating Securities
NetIncomeLossAvailableToCommonStockholdersBeforeAmountsAllocatedToParticipatingSecurities
-5769000 usd
inn Net Income Loss Available To Common Stockholders Before Amounts Allocated To Participating Securities
NetIncomeLossAvailableToCommonStockholdersBeforeAmountsAllocatedToParticipatingSecurities
37975000 usd
inn Net Income Loss Available To Common Stockholders Before Amounts Allocated To Participating Securities
NetIncomeLossAvailableToCommonStockholdersBeforeAmountsAllocatedToParticipatingSecurities
-6849000 usd
CY2024Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-3908000 usd
CY2023Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-4955000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-362000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-9306000 usd
CY2024Q3 inn Net Income Loss Available To Common Stockholders Before Preferred Stock Dividends
NetIncomeLossAvailableToCommonStockholdersBeforePreferredStockDividends
352000 usd
CY2023Q3 inn Net Income Loss Available To Common Stockholders Before Preferred Stock Dividends
NetIncomeLossAvailableToCommonStockholdersBeforePreferredStockDividends
-814000 usd
inn Net Income Loss Available To Common Stockholders Before Preferred Stock Dividends
NetIncomeLossAvailableToCommonStockholdersBeforePreferredStockDividends
38337000 usd
inn Net Income Loss Available To Common Stockholders Before Preferred Stock Dividends
NetIncomeLossAvailableToCommonStockholdersBeforePreferredStockDividends
2457000 usd
CY2024Q3 us-gaap Other Preferred Stock Dividends And Adjustments
OtherPreferredStockDividendsAndAdjustments
656000 usd
CY2023Q3 us-gaap Other Preferred Stock Dividends And Adjustments
OtherPreferredStockDividendsAndAdjustments
656000 usd
us-gaap Other Preferred Stock Dividends And Adjustments
OtherPreferredStockDividendsAndAdjustments
1970000 usd
us-gaap Other Preferred Stock Dividends And Adjustments
OtherPreferredStockDividendsAndAdjustments
1970000 usd
CY2024Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3968000 usd
CY2023Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3968000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
11906000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
11906000 usd
CY2024Q3 us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
-4272000 usd
CY2023Q3 us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
-5438000 usd
us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
24461000 usd
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.04
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.05
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
105510000 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
106033000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
150003000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
105510000 shares
us-gaap Profit Loss
ProfitLoss
37975000 usd
us-gaap Profit Loss
ProfitLoss
-6849000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-13040000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-7907000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
10225000 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
30068000 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
3376000 usd
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-2261000 usd
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-5375000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
32329000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
8751000 usd
us-gaap Other Preferred Stock Dividends And Adjustments
OtherPreferredStockDividendsAndAdjustments
1970000 usd
us-gaap Other Preferred Stock Dividends And Adjustments
OtherPreferredStockDividendsAndAdjustments
1970000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
11906000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
11906000 usd
inn Comprehensive Income Loss Available To Common Stockholders
ComprehensiveIncomeLossAvailableToCommonStockholders
18453000 usd
inn Comprehensive Income Loss Available To Common Stockholders
ComprehensiveIncomeLossAvailableToCommonStockholders
-5125000 usd
CY2024Q2 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
50219000 usd
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1359317000 usd
CY2024Q3 us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
656000 usd
CY2024Q3 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 usd
CY2024Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
9942000 usd
CY2024Q3 us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
656000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1445839000 usd
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2024Q3 inn Lodging Property Investment Net Excluding Undeveloped Land
LodgingPropertyInvestmentNetExcludingUndevelopedLand
2669478000 usd
CY2023Q4 inn Lodging Property Investment Net Excluding Undeveloped Land
LodgingPropertyInvestmentNetExcludingUndevelopedLand
2736975000 usd
CY2023Q4 us-gaap Land Available For Development
LandAvailableForDevelopment
1451000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
37837000 usd
CY2024Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
7339000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
9931000 usd
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
33454000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
34814000 usd
CY2024Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
20724000 usd
CY2023Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
21348000 usd
CY2024Q3 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
16647000 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
911436000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
911195000 usd
CY2024Q3 us-gaap Minority Interest
MinorityInterest
411845000 usd
CY2023Q4 us-gaap Minority Interest
MinorityInterest
435282000 usd
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1323281000 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1346477000 usd
CY2024Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2837283000 usd
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2939248000 usd
CY2024Q3 us-gaap Revenues
Revenues
176807000 usd
CY2023Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
37882000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
109965000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
112300000 usd
CY2024Q3 inn Provision For Recoveries Of Credit Losses
ProvisionForRecoveriesOfCreditLosses
0 usd
CY2024Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
15755000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
95453000 usd
CY2024Q3 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
20428000 usd
CY2023Q3 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
22020000 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
62840000 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
65177000 usd
us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
-11419000 usd
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.11
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.04
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.05
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.21
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.11
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
106033000 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
105650000 shares
CY2023Q3 us-gaap Profit Loss
ProfitLoss
-5769000 usd
CY2023Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2011000 usd
CY2024Q3 us-gaap Other Preferred Stock Dividends And Adjustments
OtherPreferredStockDividendsAndAdjustments
656000 usd
CY2023Q3 us-gaap Other Preferred Stock Dividends And Adjustments
OtherPreferredStockDividendsAndAdjustments
656000 usd
CY2024Q3 inn Stockholders Equity Accretion To Redemption Value Adjustment
StockholdersEquityAccretionToRedemptionValueAdjustment
656000 usd
CY2024Q3 inn Noncontrolling Interest Increase From Cash Contribution
NoncontrollingInterestIncreaseFromCashContribution
134000 usd
CY2024Q3 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
3968000 usd
CY2024Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
6862000 usd
CY2024Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1854000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-13040000 usd
CY2024Q3 us-gaap Profit Loss
ProfitLoss
-3556000 usd
CY2024Q3 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
50219000 usd
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1323281000 usd
CY2023Q2 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
50219000 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1411976000 usd
CY2023Q3 us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
656000 usd
CY2023Q3 inn Stockholders Equity Accretion To Redemption Value Adjustment
StockholdersEquityAccretionToRedemptionValueAdjustment
656000 usd
CY2023Q3 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 usd
CY2023Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
7412000 usd
CY2023Q3 us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
656000 usd
CY2023Q3 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
3968000 usd
CY2023Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
4518000 usd
CY2023Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1867000 usd
CY2023Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
18000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3640000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
-5769000 usd
CY2023Q3 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
50219000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1395142000 usd
CY2023Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
50219000 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1346477000 usd
us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
1970000 usd
inn Stockholders Equity Accretion To Redemption Value Adjustment
StockholdersEquityAccretionToRedemptionValueAdjustment
1970000 usd
inn Noncontrolling Interest Increase From Cash Contribution
NoncontrollingInterestIncreaseFromCashContribution
356000 usd
us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 usd
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
27167000 usd
us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
1970000 usd
us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
12056000 usd
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
17825000 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
6337000 usd
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
939000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-7907000 usd
us-gaap Profit Loss
ProfitLoss
37975000 usd
CY2024Q3 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
50219000 usd
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1323281000 usd
CY2022Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
50219000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1407950000 usd
us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
1970000 usd
inn Stockholders Equity Accretion To Redemption Value Adjustment
StockholdersEquityAccretionToRedemptionValueAdjustment
1970000 usd
us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest
1353000 usd
inn Noncontrolling Interest Increase From Cash Contribution
NoncontrollingInterestIncreaseFromCashContribution
20532000 usd
us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 usd
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
19716000 usd
us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
1970000 usd
us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
12067000 usd
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
8673000 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
5913000 usd
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
1388000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
10225000 usd
us-gaap Stockholders Equity Other
StockholdersEquityOther
168000 usd
us-gaap Profit Loss
ProfitLoss
-6849000 usd
CY2023Q3 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
50219000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1395142000 usd
us-gaap Profit Loss
ProfitLoss
37975000 usd
us-gaap Profit Loss
ProfitLoss
-6849000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
109965000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
112300000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4880000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4379000 usd
inn Recoveries Of Credit Losses
RecoveriesOfCreditLosses
0 usd
inn Recoveries Of Credit Losses
RecoveriesOfCreditLosses
500000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
6337000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
5913000 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
28439000 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-336000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
3000000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
inn Noncash Interest Income
NoncashInterestIncome
400000 usd
inn Noncash Interest Income
NoncashInterestIncome
433000 usd
inn Debt Transaction Costs
DebtTransactionCosts
647000 usd
inn Debt Transaction Costs
DebtTransactionCosts
352000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-210000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-623000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-625000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3195000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4853000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-6645000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
798000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1005000 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
9393000 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
2591000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
134138000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
123167000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
21433000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
29120000 usd
CY2024Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
32267000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
9251000 usd
CY2024Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
26967000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
30703000 usd
CY2024Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
800000 usd
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1000000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2900000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3100000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
782000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1564000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1564000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1016000 usd
CY2024Q3 inn Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
9833000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
16133000 usd
us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
0 usd
us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
44614000 usd
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
61529000 usd
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
63027000 usd
inn Investment In Hotel Properties Under Development
InvestmentInHotelPropertiesUnderDevelopment
3946000 usd
inn Investment In Hotel Properties Under Development
InvestmentInHotelPropertiesUnderDevelopment
0 usd
inn Proceeds From Tax Incentives
ProceedsFromTaxIncentives
9896000 usd
inn Proceeds From Tax Incentives
ProceedsFromTaxIncentives
0 usd
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
92168000 usd
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
27632000 usd
us-gaap Payments For Other Deposits
PaymentsForOtherDeposits
2900000 usd
us-gaap Payments For Other Deposits
PaymentsForOtherDeposits
0 usd
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
0 usd
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
4576000 usd
us-gaap Proceeds From Sale And Collection Of Loans Receivable
ProceedsFromSaleAndCollectionOfLoansReceivable
0 usd
us-gaap Proceeds From Sale And Collection Of Loans Receivable
ProceedsFromSaleAndCollectionOfLoansReceivable
250000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
33689000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-84335000 usd
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
100000000 usd
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
65000000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
100000000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
65000000 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
94138000 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
1784000 usd
inn Proceeds From Sale Of Non Controlling Interests
ProceedsFromSaleOfNonControllingInterests
0 usd
inn Proceeds From Sale Of Non Controlling Interests
ProceedsFromSaleOfNonControllingInterests
1353000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
27024000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
19596000 usd
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
14026000 usd
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
14037000 usd
us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
356000 usd
us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
20332000 usd
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
17825000 usd
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
8673000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
2962000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
10272000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
939000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1388000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-156558000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-34065000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
11269000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
4767000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
59037000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
66575000 usd
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
51698000 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
55307000 usd
CY2024Q3 us-gaap Restricted Cash
RestrictedCash
7339000 usd
CY2023Q3 us-gaap Restricted Cash
RestrictedCash
11268000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
66575000 usd
us-gaap Nature Of Operations
NatureOfOperations
DESCRIPTION OF BUSINESS<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">General</span></div><div><span><br/></span></div><div><span style="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 lodging property investment company that was organized in June 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 in June 2010. Unless the context otherwise requires, “we,” “us,” and “our” refer to the Company and its consolidated subsidiaries.</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We focus on owning lodging properties with efficient operating models that generate strong margins and investment returns. At September 30, 2024, our portfolio consisted of 96 lodging properties with a total of 14,255 guestrooms located in 24 states. At September 30, 2024, we own 100% of the outstanding equity interests in 54 of the 96 lodging properties. We own a 51% controlling interest in 39 lodging properties through a joint venture that was formed in July 2019 with USFI G-Peak, Ltd. ("GIC"), a private limited company incorporated in the Republic of Singapore (the "GIC Joint Venture"). We also own 90% equity interests in two separate joint ventures (the "Brickell Joint Venture" and the "Onera Joint Venture"). The Brickell Joint Venture owns two lodging properties, and the Onera Joint Venture owns one lodging property. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At September 30, 2024, 86% of our guestrooms were located in the top 50 metropolitan statistical areas (“MSAs”), 91% were located within the top 100 MSAs, and over 99% of our guestrooms operate under premium franchise brands owned by Marriott</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">®</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> International, Inc. (“Marriott”), Hilton</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">®</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Worldwide (“Hilton”), Hyatt</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">®</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Hotels Corporation (“Hyatt”), and InterContinental</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">®</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Hotels Group (“IHG”). </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Substantially all of our assets are held by, and all of our operations are conducted through, the Operating Partnership. Through a wholly-owned subsidiary, we are the sole general partner of the Operating Partnership. At September 30, 2024, we owned, directly and indirectly, approximately 87% of the Operating Partnership’s issued and outstanding common units of limited partnership interest (“Common Units”), and all of the Operating Partnership’s issued and outstanding 6.25% Series E and 5.875% Series F preferred units of limited partnership interest. NewcrestImage (as defined in </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Note 5 - Debt</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> to the Condensed Consolidated Financial Statements) owns all of the issued and outstanding 5.25% Series Z Cumulative Perpetual Preferred Units (liquidation preference $25 per unit) of the Operating Partnership ("Series Z Preferred Units") as a result of the NCI Transaction (described in </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Note 5 - Debt</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> to the Condensed Consolidated Financial Statements). We collectively refer to preferred units of limited partnership interests of our Operating Partnership as "Preferred Units."</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pursuant to the Operating Partnership’s partnership agreement, we have full, exclusive and complete responsibility and discretion in the management and control of the Operating Partnership, including the ability to cause the Operating Partnership to enter into certain major transactions including acquisitions, dispositions, refinancings, to make distributions to partners, and to cause changes in the Operating Partnership’s business activities.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">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 lodging properties. Accordingly, all of our lodging properties are leased to our taxable REIT subsidiaries (“TRS Lessees” or "TRSs") and managed by professional third-party lodging property management companies.</span></div>
CY2024Q3 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
24 state
CY2024Q3 inn Number Of Separate Joint Ventures
NumberOfSeparateJointVentures
2 jointventure
CY2024Q3 inn Percentage Of Guestrooms Located In Top50 Metropolitan Statistical Areas
PercentageOfGuestroomsLocatedInTop50MetropolitanStatisticalAreas
0.86
CY2024Q3 inn Percentage Of Guestrooms Located In Top100 Metropolitan Statistical Areas
PercentageOfGuestroomsLocatedInTop100MetropolitanStatisticalAreas
0.91
CY2024Q3 inn Percentage Of Guestrooms Operated Under Premium Franchise Brands
PercentageOfGuestroomsOperatedUnderPremiumFranchiseBrands
0.99
us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div><span><br/></span></div><div><span style="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 significantly differ from our expectations, which could materially affect our consolidated financial position and results of operations.</span></div>
CY2024Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
100000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
100000 usd
CY2024Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
100000 usd
CY2023Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
200000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
300000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
300000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reclassifications</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A lodging property with a carrying amount of approximately $8.0 million that was classified as Assets held for sale at December 31, 2023 has been reclassified to Investments in lodging property, net during the three months ended September 30, 2024 as the lodging property no longer meets the Assets held for sale criteria as of that date. We recorded additional depreciation expense of $0.2 million during the three months ended September 30, 2024 related to depreciation expense that would have been recognized had the lodging property been continuously classified as Investments in lodging property, net.</span></div>
CY2024Q3 inn Investment In Lodging Property At Cost Excluding Undeveloped Land
InvestmentInLodgingPropertyAtCostExcludingUndevelopedLand
3546203000 usd
CY2023Q4 inn Investment In Lodging Property At Cost Excluding Undeveloped Land
InvestmentInLodgingPropertyAtCostExcludingUndevelopedLand
3529251000 usd
CY2024Q3 inn Real Estate Investment Property Excluding Undeveloped Land Accumulated Depreciation And Amortization
RealEstateInvestmentPropertyExcludingUndevelopedLandAccumulatedDepreciationAndAmortization
876725000 usd
CY2023Q4 inn Real Estate Investment Property Excluding Undeveloped Land Accumulated Depreciation And Amortization
RealEstateInvestmentPropertyExcludingUndevelopedLandAccumulatedDepreciationAndAmortization
792276000 usd
CY2024Q3 inn Lodging Property Investment Net Excluding Undeveloped Land
LodgingPropertyInvestmentNetExcludingUndevelopedLand
2669478000 usd
CY2023Q4 inn Lodging Property Investment Net Excluding Undeveloped Land
LodgingPropertyInvestmentNetExcludingUndevelopedLand
2736975000 usd
inn Asset Acquisition Land
AssetAcquisitionLand
12257000 usd
inn Asset Acquisition Hotel Buildings And Improvements
AssetAcquisitionHotelBuildingsAndImprovements
29225000 usd
inn Asset Acquisition Furniture Fixtures And Equipment
AssetAcquisitionFurnitureFixturesAndEquipment
1331000 usd
inn Asset Acquisition Total Assets Acquired
AssetAcquisitionTotalAssetsAcquired
42813000 usd
inn Asset Acquisition Purchase Price
AssetAcquisitionPurchasePrice
42700000 usd
us-gaap Asset Acquisition Consideration Transferred Transaction Cost
AssetAcquisitionConsiderationTransferredTransactionCost
100000 usd
us-gaap Asset Acquisition Consideration Transferred Contingent Consideration
AssetAcquisitionConsiderationTransferredContingentConsideration
2000000 usd
CY2023Q2 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
467 room
CY2024Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
10834000 usd
CY2023Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
10834000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
21433000 usd
CY2024Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
32267000 usd
CY2023Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
39954000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5300000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
9251000 usd
CY2024Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
26967000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
30703000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2900000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3100000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
782000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1564000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1564000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1374000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1016000 usd
CY2024Q3 inn Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
9833000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
16133000 usd
CY2024Q3 inn Debt Instrument Number Of Secured Loans
DebtInstrumentNumberOfSecuredLoans
2 loan
CY2024Q3 inn Debt Instrument Collateral Number Of Real Estate Properties
DebtInstrumentCollateralNumberOfRealEstateProperties
3 property
CY2024Q3 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0525
CY2023Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0531
CY2024Q3 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
12449000 usd
CY2024Q3 us-gaap Long Term Debt
LongTermDebt
1336095000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
1430668000 usd
CY2024Q3 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
905977000 usd
CY2024Q3 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.67
CY2023Q4 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
956414000 usd
CY2023Q4 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.66
CY2024Q3 us-gaap Longterm Debt Percentage Bearing Variable Interest Amount
LongtermDebtPercentageBearingVariableInterestAmount
442567000 usd
CY2024Q3 us-gaap Long Term Debt Percentage Bearing Variable Interest Rate
LongTermDebtPercentageBearingVariableInterestRate
0.33
CY2023Q4 us-gaap Longterm Debt Percentage Bearing Variable Interest Amount
LongtermDebtPercentageBearingVariableInterestAmount
489425000 usd
CY2023Q4 us-gaap Long Term Debt Percentage Bearing Variable Interest Rate
LongTermDebtPercentageBearingVariableInterestRate
0.34
CY2024Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1348544000 usd
CY2024Q3 inn Debt Instrument Number Of Secured Loans
DebtInstrumentNumberOfSecuredLoans
2 loan
CY2024Q3 inn Debt Instrument Collateral Number Of Real Estate Properties
DebtInstrumentCollateralNumberOfRealEstateProperties
3 property
CY2024Q3 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0525
CY2023Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0531
CY2024Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1348544000 usd
CY2024Q3 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
12449000 usd
CY2023Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
15171000 usd
CY2024Q3 us-gaap Long Term Debt
LongTermDebt
1336095000 usd
CY2023Q4 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
956414000 usd
CY2023Q4 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.66
CY2024Q3 us-gaap Long Term Debt Percentage Bearing Variable Interest Rate
LongTermDebtPercentageBearingVariableInterestRate
0.33
CY2024Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1348544000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1445839000 usd
CY2024Q3 inn Mortgage Loans On Real Estate Number Of Real Estate Properties Encumbered
MortgageLoansOnRealEstateNumberOfRealEstatePropertiesEncumbered
3 property
CY2024Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1348544000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1445839000 usd
CY2024Q3 inn Number Of Promissory Notes
NumberOfPromissoryNotes
2 instrument
CY2021Q1 us-gaap Share Price
SharePrice
8.72
CY2024Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P32Y1M6D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P32Y2M12D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.048
CY2024Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.048
CY2023Q3 us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
600000 usd
CY2024Q3 us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
600000 usd
us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
2000000 usd
us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
2000000 usd
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
1100000 usd
CY2024Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
1100000 usd
CY2024Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
1000000 usd
CY2023Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
1000000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
3400000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
3400000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1445839000 usd
CY2024Q3 inn Mortgage Loans On Real Estate Number Of Real Estate Properties Encumbered
MortgageLoansOnRealEstateNumberOfRealEstatePropertiesEncumbered
3 property
CY2024Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1348544000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1445839000 usd
CY2024Q3 inn Number Of Promissory Notes
NumberOfPromissoryNotes
2 instrument
CY2021Q1 us-gaap Share Price
SharePrice
8.72
CY2024Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P32Y1M6D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P32Y2M12D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.048
CY2024Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.048
CY2023Q3 us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
600000 usd
CY2024Q3 us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
600000 usd
us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
2000000 usd
us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
2000000 usd
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
1100000 usd
CY2024Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
1100000 usd
CY2024Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
1000000 usd
CY2023Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
1000000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
3400000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
3400000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
3000000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
3000000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
554000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2252000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2206000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2249000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2090000 usd
CY2024Q3 inn Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
35802000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
45153000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
20274000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
24879000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
3000000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
554000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2252000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2206000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2249000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2090000 usd
CY2024Q3 inn Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
35802000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
45153000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
20274000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
24879000 usd
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2024Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2024Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
inn Common Stock Voting Rights Number
CommonStockVotingRightsNumber
1 vote
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
107593373 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
106901576 shares
us-gaap Stock Issued During Period Shares Conversion Of Units
StockIssuedDuringPeriodSharesConversionOfUnits
5310 shares
us-gaap Stock Issued During Period Shares Conversion Of Units
StockIssuedDuringPeriodSharesConversionOfUnits
7000 shares
us-gaap Stock Issued During Period Shares Share Based Compensation Gross
StockIssuedDuringPeriodSharesShareBasedCompensationGross
1235098 shares
us-gaap Stock Issued During Period Shares Share Based Compensation Gross
StockIssuedDuringPeriodSharesShareBasedCompensationGross
875055 shares
us-gaap Stock Issued During Period Shares Share Based Compensation Forfeited
StockIssuedDuringPeriodSharesShareBasedCompensationForfeited
363352 shares
us-gaap Stock Issued During Period Shares Share Based Compensation Forfeited
StockIssuedDuringPeriodSharesShareBasedCompensationForfeited
139254 shares
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2024Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2024Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
inn Common Stock Voting Rights Number
CommonStockVotingRightsNumber
1 vote
us-gaap Stock Issued During Period Shares Conversion Of Units
StockIssuedDuringPeriodSharesConversionOfUnits
5310 shares
us-gaap Stock Issued During Period Shares Conversion Of Units
StockIssuedDuringPeriodSharesConversionOfUnits
7000 shares
us-gaap Stock Issued During Period Shares Share Based Compensation Gross
StockIssuedDuringPeriodSharesShareBasedCompensationGross
1235098 shares
us-gaap Stock Issued During Period Shares Share Based Compensation Gross
StockIssuedDuringPeriodSharesShareBasedCompensationGross
875055 shares
us-gaap Stock Issued During Period Shares Share Based Compensation Forfeited
StockIssuedDuringPeriodSharesShareBasedCompensationForfeited
363352 shares
us-gaap Stock Issued During Period Shares Share Based Compensation Forfeited
StockIssuedDuringPeriodSharesShareBasedCompensationForfeited
139254 shares
us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
144654 shares
us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
184029 shares
CY2024Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
108453266 shares
CY2023Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
107573489 shares
CY2024Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2024Q3 us-gaap Preferred Stock Convertible Conversion Price
PreferredStockConvertibleConversionPrice
25
inn Number Of Joint Ventures Entered Into
NumberOfJointVenturesEnteredInto
3 jointventure
CY2024Q3 us-gaap Land Available For Development
LandAvailableForDevelopment
5400000 usd
CY2024Q3 inn Redeemable Common Unit Conversion Ratio
RedeemableCommonUnitConversionRatio
1 rate
us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
144654 shares
us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
184029 shares
CY2024Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
108453266 shares
CY2023Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
107573489 shares
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2024Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2024Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2024Q3 us-gaap Preferred Stock Convertible Conversion Price
PreferredStockConvertibleConversionPrice
25
inn Number Of Joint Ventures Entered Into
NumberOfJointVenturesEnteredInto
3 jointventure
CY2024Q3 us-gaap Land Available For Development
LandAvailableForDevelopment
5400000 usd
CY2024Q3 inn Redeemable Common Unit Conversion Ratio
RedeemableCommonUnitConversionRatio
1 rate
CY2024Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
11500000 usd
CY2024Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
11500000 usd
CY2024Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
11514000 usd
CY2024Q3 inn Share Based Payment Arrangement Nonvested Award Cost Not Yet Recognized Amount Remainder Of Fiscal Year
ShareBasedPaymentArrangementNonvestedAwardCostNotYetRecognizedAmountRemainderOfFiscalYear
1919000 usd
CY2024Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
11514000 usd
CY2024Q3 inn Share Based Payment Arrangement Nonvested Award Cost Not Yet Recognized Amount Remainder Of Fiscal Year
ShareBasedPaymentArrangementNonvestedAwardCostNotYetRecognizedAmountRemainderOfFiscalYear
1919000 usd
CY2024Q3 inn Share Based Payment Arrangement Nonvested Award Cost Not Yet Recognized Amount Year One
ShareBasedPaymentArrangementNonvestedAwardCostNotYetRecognizedAmountYearOne
5701000 usd
CY2024Q3 inn Share Based Payment Arrangement Nonvested Award Cost Not Yet Recognized Amount Year Two
ShareBasedPaymentArrangementNonvestedAwardCostNotYetRecognizedAmountYearTwo
3242000 usd
CY2024Q3 inn Share Based Payment Arrangement Nonvested Award Cost Not Yet Recognized Amount Year Three
ShareBasedPaymentArrangementNonvestedAwardCostNotYetRecognizedAmountYearThree
652000 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
300000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1700000 usd
CY2024Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2024Q3 us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
-4272000 usd
CY2023Q3 us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
-5438000 usd
us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
-11419000 usd
CY2024Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
CY2023Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
231000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-4272000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-5438000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
24230000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-11419000 usd
CY2024Q3 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
0 usd
CY2023Q3 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
0 usd
us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
3244000 usd
us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
0 usd
CY2024Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
0 usd
CY2023Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
0 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
-3864000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
0 usd
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-4272000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-5438000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
31338000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-11419000 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
106033000 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
105650000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
105891000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
105510000 shares
CY2023Q3 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
2551000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2024Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
CY2023Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
CY2024Q3 inn Share Based Payment Arrangement Nonvested Award Cost Not Yet Recognized Amount Year One
ShareBasedPaymentArrangementNonvestedAwardCostNotYetRecognizedAmountYearOne
5701000 usd
CY2024Q3 inn Share Based Payment Arrangement Nonvested Award Cost Not Yet Recognized Amount Year Three
ShareBasedPaymentArrangementNonvestedAwardCostNotYetRecognizedAmountYearThree
652000 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
300000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1400000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2900000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1700000 usd
CY2024Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2024Q3 us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
-4272000 usd
CY2023Q3 us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
-5438000 usd
us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
24461000 usd
us-gaap Undistributed Earnings Loss Available To Common Shareholders Basic
UndistributedEarningsLossAvailableToCommonShareholdersBasic
-11419000 usd
CY2024Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
CY2023Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-4272000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-5438000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
24230000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-11419000 usd
CY2024Q3 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
0 usd
CY2023Q3 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
0 usd
us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
3244000 usd
us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
0 usd
CY2024Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
0 usd
CY2023Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
0 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
-3864000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
0 usd
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-4272000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-5438000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
31338000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-11419000 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
106033000 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
105650000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
105891000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
105510000 shares
CY2024Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2023Q3 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
2551000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2024Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
CY2023Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
25614000 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
CY2024Q3 inn Incremental Common Shares Attributable To Dilutive Effect Of Assumed Conversion Of Operating Partnership Units
IncrementalCommonSharesAttributableToDilutiveEffectOfAssumedConversionOfOperatingPartnershipUnits
0 shares
CY2023Q3 inn Incremental Common Shares Attributable To Dilutive Effect Of Assumed Conversion Of Operating Partnership Units
IncrementalCommonSharesAttributableToDilutiveEffectOfAssumedConversionOfOperatingPartnershipUnits
0 shares
inn Incremental Common Shares Attributable To Dilutive Effect Of Assumed Conversion Of Operating Partnership Units
IncrementalCommonSharesAttributableToDilutiveEffectOfAssumedConversionOfOperatingPartnershipUnits
15947000 shares
inn Incremental Common Shares Attributable To Dilutive Effect Of Assumed Conversion Of Operating Partnership Units
IncrementalCommonSharesAttributableToDilutiveEffectOfAssumedConversionOfOperatingPartnershipUnits
0 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
105650000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
150003000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
105510000 shares
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.04
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.05
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.23
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.11
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.04
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.05
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.21
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.11
us-gaap Interest Paid Net
InterestPaidNet
60269000 usd
us-gaap Interest Paid Net
InterestPaidNet
59836000 usd
inn Insurance Premium Financing
InsurancePremiumFinancing
0 usd
inn Insurance Premium Financing
InsurancePremiumFinancing
3106000 usd
inn Accrued Acquisitions Costs And Improvements To Hotel Properties
AccruedAcquisitionsCostsAndImprovementsToHotelProperties
10269000 usd
inn Accrued Acquisitions Costs And Improvements To Hotel Properties
AccruedAcquisitionsCostsAndImprovementsToHotelProperties
5504000 usd
inn Increase In Carrying Value Of Lodging Property Related To Contingent Consideration
IncreaseInCarryingValueOfLodgingPropertyRelatedToContingentConsideration
0 usd
inn Increase In Carrying Value Of Lodging Property Related To Contingent Consideration
IncreaseInCarryingValueOfLodgingPropertyRelatedToContingentConsideration
200000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2252000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2250000 usd
inn Accrued And Unpaid Dividends
AccruedAndUnpaidDividends
143000 usd
inn Accrued And Unpaid Dividends
AccruedAndUnpaidDividends
120000 usd
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
25614000 shares
CY2024Q3 inn Incremental Common Shares Attributable To Dilutive Effect Of Assumed Conversion Of Operating Partnership Units
IncrementalCommonSharesAttributableToDilutiveEffectOfAssumedConversionOfOperatingPartnershipUnits
0 shares
CY2023Q3 inn Incremental Common Shares Attributable To Dilutive Effect Of Assumed Conversion Of Operating Partnership Units
IncrementalCommonSharesAttributableToDilutiveEffectOfAssumedConversionOfOperatingPartnershipUnits
0 shares
inn Incremental Common Shares Attributable To Dilutive Effect Of Assumed Conversion Of Operating Partnership Units
IncrementalCommonSharesAttributableToDilutiveEffectOfAssumedConversionOfOperatingPartnershipUnits
15947000 shares
inn Incremental Common Shares Attributable To Dilutive Effect Of Assumed Conversion Of Operating Partnership Units
IncrementalCommonSharesAttributableToDilutiveEffectOfAssumedConversionOfOperatingPartnershipUnits
0 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
106033000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
105650000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
150003000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
105510000 shares
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.04
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.05
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.23
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.04
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.21
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.11
us-gaap Interest Paid Net
InterestPaidNet
59836000 usd
inn Insurance Premium Financing
InsurancePremiumFinancing
0 usd
inn Insurance Premium Financing
InsurancePremiumFinancing
3106000 usd
inn Accrued Acquisitions Costs And Improvements To Hotel Properties
AccruedAcquisitionsCostsAndImprovementsToHotelProperties
10269000 usd
inn Accrued Acquisitions Costs And Improvements To Hotel Properties
AccruedAcquisitionsCostsAndImprovementsToHotelProperties
5504000 usd
inn Increase In Carrying Value Of Lodging Property Related To Contingent Consideration
IncreaseInCarryingValueOfLodgingPropertyRelatedToContingentConsideration
0 usd
inn Increase In Carrying Value Of Lodging Property Related To Contingent Consideration
IncreaseInCarryingValueOfLodgingPropertyRelatedToContingentConsideration
200000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2252000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2250000 usd
inn Accrued And Unpaid Dividends
AccruedAndUnpaidDividends
143000 usd
inn Accrued And Unpaid Dividends
AccruedAndUnpaidDividends
120000 usd
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
0001497645-24-000077-index-headers.html Edgar Link pending
0001497645-24-000077-index.html Edgar Link pending
0001497645-24-000077.txt Edgar Link pending
0001497645-24-000077-xbrl.zip Edgar Link pending
exhibit31109-30x2024.htm Edgar Link pending
exhibit31209-30x2024.htm Edgar Link pending
exhibit32109-30x2024.htm Edgar Link pending
exhibit32209-30x2024.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
inn-20240930.htm Edgar Link pending
inn-20240930.xsd Edgar Link pending
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
inn-20240930_cal.xml Edgar Link unprocessable
inn-20240930_def.xml Edgar Link unprocessable
inn-20240930_pre.xml Edgar Link unprocessable
inn-20240930_htm.xml Edgar Link completed
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
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R78.htm Edgar Link pending
R79.htm Edgar Link pending
R8.htm Edgar Link pending
R80.htm Edgar Link pending
R81.htm Edgar Link pending
R82.htm Edgar Link pending
R83.htm Edgar Link pending
R84.htm Edgar Link pending
R85.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
inn-20240930_lab.xml Edgar Link unprocessable