Adjusted EBITDAre of $185.3 million and Adjusted FFO per share of $1.25 in 2019;

Completed Acquisition of Five Hotels for $275 Million Through GIC Joint Venture

Austin, Texas, February 25, 2020 - - - Summit Hotel Properties, Inc. (NYSE: INN) (the “Company”), today announced results for the quarter and year ended December 31, 2019.

“We are pleased with our fourth quarter and full year results as RevPAR growth in our diversified portfolio of well-located hotels exceeded both the Smith Travel Research Upscale and Total U.S. growth rates by 150 basis points and 10 basis points, respectively, for the full year 2019. We once again gained significant market share during the year as our RevPAR index increased by 170 basis points driven, in part, by the success of several creative revenue management strategies and a continued commitment to investing capital across our portfolio,” said Dan Hansen, the Company’s Chairman, President and Chief Executive Officer. “We had an extremely active year executing on several opportunistic transactions that we believe will create long-term shareholder value, including selling ten hotels at attractive valuations. That capital was recycled into the acquisition of five high-quality hotels through our newly established joint venture with GIC, which will enhance our overall return on investment and provides us a unique vehicle for opportunistic external growth,” commented Mr. Hansen.

The Company’s results for the three and twelve months ended December 31, 2019 and 2018 are as follows:

During 2019, the Company acquired five hotels containing 798 guestrooms and two adjacent land parcels for an aggregate purchase price of $276.9 million, all through its joint venture with GIC, Singapore’s sovereign wealth fund.

Acquired in August 2019, the 88-guestroom Hampton Inn & Suites located in Silverthorne, Colorado is ideally situated near popular ski destinations including Keystone, Breckenridge, Copper Mountain, and Arapahoe Basin, the hotel benefits from strong, year-round leisure demand and a local corporate base. The Company also acquired four hotels located on the west coast for $249 million in October 2019. The portfolio of four hotels is located in three high-growth markets and includes the 258-guestroom Residence Inn by Marriott Portland Downtown/RiverPlace, the 169-guestroom Hilton Garden Inn San Francisco Airport North, the 161-guestroom Hilton Garden Inn San Jose/Milpitas, and the 122-guestroom Residence Inn by Marriott Portland Hillsboro. Over the next three years, the Company expects to invest approximately $24 million of capital, $12 million on a pro rata basis, into the hotels on behalf of the joint venture.

The hotels acquired in 2019 had an average RevPAR of $159 in 2019, which represents a 25% premium over the Company’s pro forma portfolio average RevPAR, and hotel EBITDA margin of 47.5 percent, which was 990 basis points higher than the pro forma portfolio average for the same period.

During 2019, the Company also sold 10 hotels containing 1,170 guestrooms in various markets for an aggregate gross sales price of $168.4 million. The aggregate gross sales price, plus estimated foregone capital investment, represented an average trailing twelve-month capitalization rate of 6.7 percent at the time of sale. The transactions resulted in an aggregate net gain on sale of $45.6 million.

The hotels sold in 2019 had an average trailing twelve month RevPAR of $102 at their respective sale dates, which is 20% lower than the Company’s pro forma portfolio average RevPAR, and hotel EBITDA margin of 32.3 percent, which was 530 basis points lower than the pro forma portfolio average for the same period.

The Company invested $12.6 million and $59.3 million in capital improvements during the three and twelve months ended December 31, 2019, respectively, and anticipates investing a total of $50 million to $70 million in capital improvements on a consolidated basis, and $45 million to $65 million on a pro rata basis, across its portfolio during 2020.

At December 31, 2019, inclusive of its pro rata share of the Joint Venture credit facility, the Company had the following:

At February 18, 2020, inclusive of its pro rata share of the Joint Venture credit facility, the Company had the following:

Also on February 18, 2020, the Company repriced its $225 million seven-year term loan, lowering the interest rate to 150 basis points plus LIBOR based on the Company’s current pricing level, which represents a reduction of 40 basis points compared to the prior rate of 190 basis points plus LIBOR. All other material provisions of the loan remain unchanged, including the maturity date of the loan which remains February 14, 2025. The Company expects to realize approximately $0.9 million in annual interest expense savings as a result of the transaction.

On January 31, 2020, the Company declared a quarterly cash dividend of $0.18 per share on its common stock and per common unit of limited partnership interest in Summit Hotel OP, LP. The annualized dividend of $0.72 per share and per unit represents an annual dividend yield of 6.7 percent based on the February 24, 2020, closing stock price.

The common and preferred dividends are payable on February 28, 2020 to holders of record as of February 14, 2020.

The Company is providing its outlook for the full year 2020 based on 72 hotels, 67 of which were wholly owned, as of February 25, 2020. There are no future acquisitions, dispositions, or additional capital markets activities assumed in the Company’s outlook for full year 2019 beyond those previously mentioned.

The Company will conduct its quarterly conference call on Wednesday, February 26, 2020, at 9:00 AM ET. To participate in the conference call, please dial 877-930-8101. The conference identification code for the call is 5687929. Additionally, a live webcast of the quarterly conference call will be available through the Company’s website, www.shpreit.com. A replay of the quarterly conference call webcast will be available until 12:00 PM ET Wednesday, March 4, 2020, by dialing 855-859-2056, conference identification code 5687929. A replay will also be available in the Investor Relations section of the Company’s website until April 30, 2020.

Summit Hotel Properties, Inc. is a publicly-traded real estate investment trust focused on owning premium-branded hotels with efficient operating models primarily in the Upscale segment of the lodging industry. As of February 25, 2020, the Company’s portfolio consisted of 72 hotels, 67 of which were wholly owned, with a total of 11,288 guestrooms located in 23 states.

For additional information, please visit the Company’s website, www.shpreit.com, and follow the Company on Twitter at @SummitHotel_INN.

⁽¹⁾ Includes all acquisitions and dispositions completed as of February 25, 2020.

This press release contains statements that are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identifiable by use of forward-looking terminology such as “may,” “will,” “should,” “potential,” “intend,” “expect,” “seek,” “anticipate,” “estimate,” “approximately,” “believe,” “could,” “project,” “predict,” “forecast,” “continue,” “plan,” “likely,” “would” or other similar words or expressions. Forward-looking statements are based on certain assumptions and can include future expectations, future plans and strategies, financial and operating projections or other forward-looking information. Examples of forward-looking statements include the following: the Company’s ability to realize growth from the deployment of renovation capital; projections of the Company’s revenues and expenses, capital expenditures or other financial items; descriptions of the Company’s plans or objectives for future operations, acquisitions, dispositions, financings, redemptions or services; forecasts of the Company’s future financial performance and potential increases in average daily rate, occupancy, RevPAR, room supply and demand, EBITDAre, Adjusted EBITDAre, FFO and AFFO; the Company’s outlook with respect to pro forma RevPAR, pro forma RevPAR growth, RevPAR, RevPAR growth, AFFO, AFFO per diluted share and unit and renovation capital deployed; and descriptions of assumptions underlying or relating to any of the foregoing expectations regarding the timing of their occurrence. These forward-looking statements are subject to various risks and uncertainties, not all of which are known to the Company and many of which are beyond the Company’s control, which could cause actual results to differ materially from such statements. These risks and uncertainties include, but are not limited to, the state of the U.S. economy, supply and demand in the hotel industry, and other factors as are described in greater detail in the Company’s filings with the Securities and Exchange Commission (“SEC”). Unless legally required, the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise.

For information about the Company’s business and financial results, please refer to the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections of the Company’s Annual Report on Form 10-K for the year ended December 31, 2019, filed with the SEC, and its quarterly and other periodic filings with the SEC. The Company undertakes no duty to update the statements in this release to conform the statements to actual results or changes in the Company’s expectations.

Summit Hotel Properties, Inc.
Reconciliation of Net Income to Non-GAAP Measures – Funds From Operations

Reconciliations of Non-GAAP financial measures to comparable GAAP financial measures

Reconciliation of Net Income to Non-GAAP Measures – Funds From Operations for Financial Outlook

Reconciliation of Net Income to Non-GAAP Measures – EBITDA for Financial Outlook

We disclose certain “non-GAAP financial measures,” which are measures of our historical financial performance. Non-GAAP financial measures are financial measures not prescribed by Generally Accepted Accounting Principles ("GAAP"). These measures are as follows: (i) Funds From Operations (“FFO”) and Adjusted Funds from Operations ("AFFO"), (ii) Earnings before Interest, Taxes, Depreciation and Amortization ("EBITDA"), Earnings before Interest, Taxes, Depreciation and Amortization for Real Estate ("EBITDAre"), Adjusted EBITDAre, and hotel EBITDA (as described below). We caution investors that amounts presented in accordance with our definitions of non-GAAP financial measures may not be comparable to similar measures disclosed by other companies, since not all companies calculate these non-GAAP financial measures in the same manner. Our non-GAAP financial measures should be considered along with, but not as alternatives to, net income (loss) as a measure of our operating performance. Our non-GAAP financial measures may include funds that may not be available for our discretionary use due to functional requirements to conserve funds for capital expenditures, property acquisitions, debt service obligations and other commitments and uncertainties. Although we believe that our non-GAAP financial measures can enhance the understanding of our financial condition and results of operations, these non-GAAP financial measures are not necessarily better indicators of any trend as compared to a comparable measure prescribed by GAAP such as net income (loss).

As defined by Nareit, FFO represents net income or loss (computed in accordance with GAAP), excluding preferred dividends, gains (or losses) from sales of real property, impairment losses on real estate assets, items classified by GAAP as extraordinary, the cumulative effect of changes in accounting principles, plus depreciation and amortization related to real estate assets, and adjustments for unconsolidated partnerships, and joint ventures. AFFO represents FFO excluding amortization of deferred financing costs, franchise fees, equity-based compensation expense, debt transaction costs, premiums on redemption of preferred shares, losses from net casualties, non-cash lease expense, non-cash interest income and non-cash income tax related adjustments to our deferred tax assets. Unless otherwise indicated, we present FFO and AFFO applicable to our common shares and common units. We present FFO and AFFO because we consider FFO and AFFO an important supplemental measure of our operational performance and believe it is frequently used by securities analysts, investors and other interested parties in the evaluation of REITs, many of which present FFO and AFFO when reporting their results. FFO and AFFO are intended to exclude GAAP historical cost depreciation and amortization, which assumes that the value of real estate assets diminishes ratably over time. Historically, however, real estate values have risen or fallen with market conditions. Because FFO and AFFO exclude depreciation and amortization related to real estate assets, gains and losses from real property dispositions and impairment losses on real estate assets, FFO and AFFO provide performance measures that, when compared year over year, reflect the effect to operations from trends in occupancy, guestroom rates, operating costs, development activities and interest costs, providing perspective not immediately apparent from net income. Our computation of FFO differs slightly from the computation of Nareit-defined FFO related to the reporting of corporate depreciation and amortization expense. Our computation of FFO may also differ from the methodology for calculating FFO used by other equity REITs and, accordingly, may not be comparable to such other REITs. FFO and AFFO should not be considered as an alternative to net income (loss) (computed in accordance with GAAP) as an indicator of our liquidity, nor is it indicative of funds available to fund our cash needs, including our ability to pay dividends or make distributions. Where indicated in this release, FFO is based on our computation of FFO and not the computation of Nareit-defined FFO unless otherwise noted.

EBITDA represents net income or loss, excluding: (i) interest, (ii) income tax expense and (iii) depreciation and amortization. We believe EBITDA is useful to an investor in evaluating our operating performance because it provides investors with an indication of our ability to incur and service debt, to satisfy general operating expenses, to make capital expenditures and to fund other cash needs or reinvest cash into our business. We also believe it helps investors meaningfully evaluate and compare the results of our operations from period to period by removing the effect of our asset base (primarily depreciation and amortization) from our operating results. Our management team also uses EBITDA as one measure in determining the value of acquisitions and dispositions.

EBITDAre is based on EBITDA and is expected to provide additional relevant information about REITs as real estate companies in support of growing interest among generalist investors. EBITDAre is intended to be a supplemental non-GAAP performance measure that is independent of a company’s capital structure and will provide a uniform basis to measure the enterprise value of a company compared to other REITs.

EBITDAre, as defined by Nareit, is calculated as EBITDA, excluding: (i) loss and gains on disposition of property and (ii) asset impairments, if any. We believe EBITDAre is useful to an investor in evaluating our operating performance because it provides investors with an indication of our ability to incur and service debt, to satisfy general operating expenses, to make capital expenditures and to fund other cash needs or reinvest cash into our business. We also believe it helps investors meaningfully evaluate and compare the results of our operations from period to period by removing the effect of our asset base (primarily depreciation and amortization) from our operating results.

We make additional adjustments to EBITDAre when evaluating our performance because we believe that the exclusion of certain additional non-recurring or certain non-cash items described below provides useful supplemental information to investors regarding our ongoing operating performance. We believe that the presentation of Adjusted EBITDAre, when combined with the primary GAAP presentation of net income, is useful to an investor in evaluating our operating performance because it provides investors with an indication of our ability to incur and service debt, to satisfy general operating expenses, to make capital expenditures and to fund other cash needs or reinvest cash into our business. We also believe it helps investors meaningfully evaluate and compare the results of our operations from period to period by removing the effect of our asset base (primarily depreciation and amortization) from our operating results.

With respect to hotel EBITDA, we believe that excluding the effect of corporate-level expenses and non-cash items provides a more complete understanding of the operating results over which individual hotels and operators have direct control. We believe the property-level results provide investors with supplemental information on the ongoing operational performance of our hotels and effectiveness of the third-party management companies operating our business on a property-level basis.

We caution investors that amounts presented in accordance with our definitions of EBITDA, EBITDAre, adjusted EBITDAre, and hotel EBITDA may not be comparable to similar measures disclosed by other companies, since not all companies calculate these non-GAAP measures in the same manner. EBITDA, EBITDAre, adjusted EBITDAre, and hotel EBITDA should not be considered as an alternative measure of our net income (loss) or operating performance. EBITDA, EBITDAre adjusted EBITDAre, and hotel EBITDA may include funds that may not be available for our discretionary use due to functional requirements to conserve funds for capital expenditures and property acquisitions and other commitments and uncertainties. Although we believe that EBITDA, EBITDAre, adjusted EBITDAre, and hotel EBITDA can enhance your understanding of our financial condition and results of operations, these non-GAAP financial measures are not necessarily a better indicator of any trend as compared to a comparable GAAP measure such as net income (loss). Above, we include a quantitative reconciliation of EBITDA, EBITDAre, adjusted EBITDAre and hotel EBITDA to the most directly comparable GAAP financial performance measure, which is net income (loss) and operating income (loss).

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $0.01 par value	INN	New York Stock Exchange
Series D Cumulative Redeemable Preferred Stock, $0.01 par value	INN-PD	New York Stock Exchange
Series E Cumulative Redeemable Preferred Stock, $0.01 par value	INN-PE	New York Stock Exchange

	SUMMIT HOTEL PROPERTIES, INC.

	By:	/s/ Christopher R. Eng
		Christopher R. Eng
		Executive Vice President, General Counsel,
Dated: February 25, 2020		Chief Risk Officer and Secretary

	For the Three Months Ended December 31,						For the Years Ended December 31,
	2019			2018			2019			2018
	(unaudited)
Net income attributable to common stockholders	$	5,532		$	2,047		$	67,772		$	70,973
Net income per diluted share	$	0.05		$	0.02		$	0.65		$	0.68
Total revenues	$	133,781		$	132,509		$	549,348		$	567,270
EBITDAre ⁽¹⁾	$	42,129		$	43,839		$	181,148		$	192,533
Adjusted EBITDAre ⁽¹⁾	$	40,917		$	45,015		$	185,263		$	196,480
FFO ⁽¹⁾	$	25,936		$	29,522		$	122,491		$	131,324
Adjusted FFO ⁽¹⁾	$	26,974		$	31,289		$	130,356		$	140,989
FFO per diluted share and unit ^(1,2)	$	0.25		$	0.28		$	1.17		$	1.26
Adjusted FFO per diluted share and unit ^(1,2)	$	0.26		$	0.30		$	1.25		$	1.35

Pro Forma ⁽³⁾
RevPAR	$	117.85		$	118.03		$	127.82		$	126.52
RevPAR Growth		-0.2	%					1.0	%
Hotel EBITDA	$	46,369		$	49,283		$	215,372		$	215,931
Hotel EBITDA margin		34.7	%		36.9	%		37.6	%		38.4	%
Hotel EBITDA margin growth		-218	bps					-78	bps

FULL YEAR 2020
(Dollars in thousands, except RevPAR and per unit data)
	Low			High
Pro forma RevPAR (72) ¹	$	125.25		$	129.00
Pro forma RevPAR growth (72) ¹		(2.00	)%		1.00	%
RevPAR (same-store 65) ²	$	123.00		$	126.75
RevPAR growth (same-store 65) ²		(2.00	)%		1.00	%
Adjusted EBITDAre	$	177,600		$	190,400
Adjusted FFO	$	120,100		$	133,200
Adjusted FFO per diluted unit ³	$	1.15		$	1.27
Capital improvements	$	50,000		$	70,000

	December 31, 2019		December 31, 2018
ASSETS
Investment in hotel properties, net	$	2,184,232	$	2,065,554
Undeveloped land		1,500		2,267
Assets held for sale, net		425		7,633
Investment in real estate loans, net		30,936		30,700
Right-of-use assets		29,884		-
Cash and cash equivalents		42,238		44,088
Restricted cash		27,595		28,468
Trade receivables, net		13,281		13,978
Prepaid expenses and other		8,844		10,111
Deferred charges, net		4,709		4,691
Other assets		12,039		14,807
Total assets	$	2,355,683	$	2,222,297
LIABILITIES AND EQUITY
Liabilities:
Debt, net of debt issuance costs	$	1,016,163	$	958,712
Lease liabilities		19,604		-
Accounts payable		4,767		5,391
Accrued expenses and other		71,759		66,050
Total liabilities		1,112,293		1,030,153

Total stockholders' equity		1,173,778		1,189,849
Non-controlling interests in operating partnership		1,809		2,295
Non-controlling interest in joint venture		67,803		-
Total equity		1,243,390		1,192,144
Total liabilities and equity	$	2,355,683	$	2,222,297

	13215 Bee Cave Pkwy, Suite B-300, Austin, TX 78738
	Telephone: 512-538-2300 Fax: 512-538-2333
	www.shpreit.com

Revenue:
Total revenues	$	133,781		$	132,509		$	549,348		$	567,270
Total revenues - acquisitions ⁽¹⁾		775			11,414			38,778			58,178
Total revenues - dispositions ⁽²⁾		(854	)		(10,240	)		(15,864	)		(63,351	)
Pro forma total revenues		133,702			133,683			572,262			562,097

Hotel Operating Expenses:
Total hotel operating expenses		87,629			85,535			349,772			359,948
Hotel operating expenses - acquisitions ⁽¹⁾		520			6,152			19,474			28,667
Hotel operating expenses - dispositions ⁽²⁾		(816	)		(7,287	)		(12,356	)		(42,449	)
Pro forma hotel operating expenses		87,333			84,400			356,890			346,166

Hotel EBITDA:
Operating income		17,971			14,957			119,406			125,199
(Gain) loss on disposal of assets, net		(5,763	)		640			(45,418	)		(41,474	)
Loss on impairment of assets		836			1,075			2,521			1,075
Corporate general and administrative		6,180			4,430			23,622			21,509
Depreciation and amortization		26,928			25,872			99,445			101,013
Hotel EBITDA		46,152			46,974			199,576			207,322
Hotel EBITDA - acquisitions ⁽¹⁾		255			5,262			19,304			29,511
Hotel EBITDA - dispositions ⁽²⁾		(38	)		(2,953	)		(3,508	)		(20,902	)
Pro forma hotel EBITDA	$	46,369		$	49,283		$	215,372		$	215,931

	2019												Year Ended
	Q1			Q2			Q3			Q4			December 31, 2019
Pro Forma Operating Data ^{(1) (2)}
Pro forma room revenue	$	130,512		$	140,368		$	133,358		$	122,384		$	526,622
Pro forma other hotel operations revenue		11,244			11,872			11,206			11,318			45,640
Pro forma total revenues		141,756			152,240			144,564			133,702			572,262
Pro forma total hotel operating expenses		87,948			91,335			90,274			87,333			356,890
Pro forma hotel EBITDA	$	53,808		$	60,905		$	54,290		$	46,369		$	215,372
Pro forma hotel EBITDA Margin		38.0	%		40.0	%		37.6	%		34.7	%		37.6	%

Pro Forma Statistics ^{(1) (2)}
Rooms sold		780,232			844,867			838,378			788,040			3,251,517
Rooms available		1,015,830			1,027,178			1,038,496			1,038,496			4,120,000
Occupancy		76.8	%		82.3	%		80.7	%		75.9	%		78.9	%
ADR	$	167.27		$	166.14		$	159.07		$	155.30		$	161.96
RevPAR	$	128.48		$	136.65		$	128.41		$	117.85		$	127.82


Actual Statistics
Rooms sold		796,661			808,354			793,599			790,751			3,189,365
Rooms available		1,043,070			988,075			990,708			1,042,076			4,063,929
Occupancy		76.4	%		81.8	%		80.1	%		75.9	%		78.5	%
ADR	$	160.80		$	162.87		$	155.13		$	154.88		$	158.45
RevPAR	$	122.81		$	133.25		$	124.27		$	117.53		$	124.35

Revenue:
Total revenues		138,952			142,930			133,685			133,781		$	549,348
Total revenues from acquisitions ⁽¹⁾		12,343			12,899			12,761			775			38,778
Total revenues from dispositions ⁽²⁾		(9,539	)		(3,589	)		(1,882	)		(854	)		(15,864	)
Pro forma total revenues		141,756			152,240			144,564			133,702			572,262

Hotel Operating Expenses:
Total hotel operating expenses		88,791			87,676			85,676			87,629			349,772
Total hotel operating expenses from acquisitions ⁽¹⁾		6,239			6,570			6,145			520			19,474
Total hotel operating expenses from dispositions ⁽²⁾		(7,082	)		(2,911	)		(1,547	)		(816	)		(12,356	)
Pro forma total hotel operating expenses		87,948			91,335			90,274			87,333			356,890

Hotel EBITDA:
Operating income		22,801			59,390			19,244			17,971			119,406
(Gain) loss on disposal of assets, net		(4,166	)		(35,520	)		31			(5,763	)		(45,418	)
Loss on impairment of assets		-			1,685			-			836			2,521
Corporate general and administrative		5,990			5,920			5,532			6,180			23,622
Depreciation and amortization		25,536			23,779			23,202			26,928			99,445
Hotel EBITDA		50,161			55,254			48,009			46,152			199,576
Hotel EBITDA from acquisitions ⁽¹⁾		6,104			6,329			6,616			255			19,304
Hotel EBITDA from dispositions ⁽²⁾		(2,457	)		(678	)		(335	)		(38	)		(3,508	)
Pro forma hotel EBITDA	$	53,808		$	60,905		$	54,290		$	46,369		$	215,372

	For the Year Ending December 31, 2020
	Low			High
Net income	$	26,500		$	39,600
Preferred dividends		(14,900	)		(14,900	)
Income from non-controlling interest in consolidated joint venture		(1,400	)		(1,400	)
Net income applicable to common shares and units		10,200			23,300
Real estate-related depreciation		109,600			109,600
Adjustments related to non-controlling interest in consolidated joint venture		(6,100	)		(6,100	)
FFO applicable to common shares and common units		113,700			126,800
Amortization of lease-related intangible assets, net		100			100
Amortization of deferred financing costs		1,800			1,800
Amortization of franchise fees		500			500
Equity-based compensation		6,700			6,700
Debt transaction costs		200			200
Non-cash interest income		(3,000	)		(3,000	)
Non-cash lease expense, net		400			400
Casualty recoveries, net		-			-
Adjustments related to non-controlling interest in consolidated joint venture		(300	)		(300	)
AFFO applicable to common shares and common units	$	120,100		$	133,200
Weighted average diluted common shares/common units ⁽¹⁾		104,600			104,600
FFO per common share and common unit	$	1.09		$	1.21
AFFO per common share and common unit	$	1.15		$	1.27

Cover	Feb. 25, 2020
Document Information [Line Items]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Feb. 25, 2020
Entity File Number	001-35074
Entity Registrant Name	SUMMIT HOTEL PROPERTIES, INC.
Entity Central Index Key	0001497645
Entity Tax Identification Number	27-2962512
Entity Incorporation, State or Country Code	MD
Entity Address, Address Line One	13215 Bee Cave Parkway, Suite B-300
Entity Address, City or Town	Austin
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	78738
City Area Code	512
Local Phone Number	538-2300
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Common Stock [Member]
Document Information [Line Items]
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	INN
Security Exchange Name	NYSE
Series D Cumulative Redeemable Preferred Stock 0. 01 Par Value [Member]
Document Information [Line Items]
Title of 12(b) Security	Series D Cumulative Redeemable Preferred Stock, $0.01 par value
Trading Symbol	INN-PD
Security Exchange Name	NYSE
Series E Cumulative Redeemable Preferred Stock 0. 01 Par Value [Member]
Document Information [Line Items]
Title of 12(b) Security	Series E Cumulative Redeemable Preferred Stock, $0.01 par value
Trading Symbol	INN-PE
Security Exchange Name	NYSE