Operating Income Increase Drives Adjusted EBITDAre Growth of 35% to $44.4 Million

Austin, Texas, May 3, 2023 - - - Summit Hotel Properties, Inc. (NYSE: INN) (the “Company”), today announced results for the first quarter ended March 31, 2023.

“We are pleased with our first quarter operating results as average daily rate in our pro forma portfolio reached the highest level in the Company’s history, increasing 11% year-over-year and driving 19% RevPAR growth for the quarter. Our operating results were particularly strong in urban markets, where RevPAR increased 25% from the prior year and the recently acquired NewcrestImage hotels where RevPAR grew 22% year-over-year and exceeded 2019 levels for the first time in our ownership history. The industry’s recovery is increasingly being driven by midweek, group and business-oriented demand which positions our high-quality portfolio – of which approximately half is located in urban markets – particularly well for this new phase of growth,” said Jonathan P. Stanner, the Company’s President and Chief Executive Officer.

“Given the continued recovery in operating fundamentals and strength of our balance sheet, our Board of Directors has authorized an increase of our common dividend by 50%, to $0.24 per share on an annualized basis. This increase reflects the confidence we have in the ongoing strength and durability of our business, supported by continued positive forward booking trends and pace data, while still maintaining a prudent payout ratio,” continued Mr. Stanner.

The Company’s results for the three months ended March 31, 2023, are as follows (in thousands, except per share amounts):

As previously announced, the Company remains under contract to dispose of an aggregate of six hotels totaling 750 guestrooms and a vacant land parcel. The aggregate gross sales price for the pending disposition activity is $79.9 million and the hotel transactions are expected to close during the second quarter of 2023 with the vacant land sale closing expected in the second half of 2023. The sales price for all transactions represents a 3.9% capitalization rate based on net operating income after a 4% FF&E reserve for the year ended December 31, 2022. The Company expects to forego between $33 million and $38 million of future near-term required capital expenditures at the six hotels as a result of the sales which would reduce the all-in capitalization rate to approximately 2.6%. All of the pending dispositions are wholly owned assets and net proceeds will be used to reduce the Company’s overall balance sheet net leverage by repaying outstanding debt and increasing liquidity.

The four-hotel portfolio totaling 467 guestrooms is under contract for a gross sales price of $28.1 million. The hotels for sale are:

The two-hotel portfolio totaling 283 guestrooms is under contract for a gross sales price of $50.5 million. The hotels for sale are:

The Company makes no assurances that it will be able to complete the sale transactions based on the current contractual terms or at all.

On March 24, 2023, subsidiaries of the GIC joint venture entered into two $100 million interest rate swaps to fix one-month term SOFR at 3.354% until January 2026. The interest rate swaps have an effective date of July 1, 2023, and will increase the Company’s fixed rate indebtedness to approximately 73% of total pro rata debt outstanding and approximately 79% when included the Company’s fixed coupon preferred securities.

On March 31, 2023, the Company exercised the first of four available maturity date extension options on its $400 million senior revolving credit facility. The new maturity date of the revolving credit facility is September 30, 2023, and the Company has three remaining six-month extension options at the Company’s sole discretion available that result in a fully extended maturity date of March 31, 2025.

As of March 31, 2023, inclusive of its pro rata share of the GIC Joint Venture credit facility, the Company had the following:

On April 27, 2023, the Company declared an increase to its quarterly cash dividend rate to $0.06 per share on its common stock and per common unit of limited partnership interest in Summit Hotel OP, LP. The quarterly dividend of $0.06 per share represents an increase of $0.02 per share, or 50%, and an annualized dividend yield of 3.9% based on the closing price of shares of the common stock on April 26, 2023.

The dividends are payable on May 31, 2023, to holders of record as of May 17, 2023.

The Company is reiterating its previously provided outlook for the full year 2023 based on 103 lodging assets, 61 of which were wholly owned as of May 3, 2023. There are no pending acquisitions, dispositions, or additional capital markets activities assumed in the Company’s full year 2023 outlook.

The Company will conduct its quarterly conference call on Thursday, May 4, 2023, at 9:00 AM ET.

In conjunction with this press release, the Company has furnished a financial supplement with additional disclosures on its website. Visit www.shpreit.com for more information. The Company has no obligation to update any of the information provided to conform to actual results or changes in portfolio, capital structure or future expectations.

Summit Hotel Properties, Inc. is a publicly traded real estate investment trust focused on owning premium-branded lodging properties with efficient operating models primarily in the upscale segment of the lodging industry. As of May 3, 2023, the Company's portfolio consisted of 103 assets, 61 of which are wholly owned, with a total of 15,334 guestrooms located in 24 states.

For additional information, please visit the Company's website, www.shpreit.com, and follow on Twitter at @SummitHotel_INN and on Facebook at facebook.com/SummitHotelProperties.

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, 2022, 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 Loss to Non-GAAP Measures – Funds From Operations

Summit Hotel Properties, Inc.
Reconciliation of Net (Loss) Income to Non-GAAP Measures – EBITDA for Financial Outlook

Summit Hotel Properties, Inc.
Reconciliation of Net (Loss) Income to Non-GAAP Measures – Funds From Operations 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") and 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, transaction costs, debt transaction costs, premiums on redemption of preferred shares, losses from net casualties, non-cash interest income and non-cash income tax related adjustments to our deferred tax asset. 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, and certain transaction costs related to lodging property acquisition activities and debt, 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 depreciation and amortization expense on assets at our corporate offices, which is de minimus. 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.

In September 2017, Nareit proposed a standardized performance measure, called EBITDAre, which 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. The conclusion was reached that, while dedicated REIT investors have long been accustomed to utilizing the industry’s supplemental measures such as FFO and net operating income (“NOI”) to evaluate the investment quality of REITs as real estate companies, it would be helpful to generalist investors for REITs as real estate companies to also present EBITDAre as a more widely known and understood supplemental measure of performance. 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 for one measurement of 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 unusual 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).

Exhibit 99.2

EARNINGS RELEASE SUPPLEMENT FIRST QUARTER 2023 (UNAUDITED) MAY 3, 2023

Table of Contents Section I Forward-Looking Statements and Non-GAAP Financial Measure Disclosures Section II Corporate Financial Schedules Section III Operating & Property-Level Schedules Section IV Capitalization and Debt Schedules Section VI Asset Listing 2

Forward-Looking Statements We make forward-looking statements in this presentation that are subject to risks and uncertainties. These forward-looking statements include information about possible or assumed future results of our business, financial condition, liquidity, results of operations, plans, and objectives. When we use the words “believe,” “expect,” “anticipate,” “estimate,” “plan,” “continue,” “intend,” “should,” “may,” or similar expressions, we intend to identify forward-looking statements. Statements regarding the following subjects, among others, may be forward-looking by their nature: • our ability to increase our dividend per share of common stock; • the state of the U.S. economy generally or in specific geographic regions in which we operate, and the effect of general economic conditions on the lodging industry and our business in particular; • market trends in our industry, interest rates, real estate values and the capital markets; • our business and investment strategy and, particularly, our ability to identify and complete hotel acquisitions and dispositions; • our projected operating results; • actions and initiatives of the U.S. government and changes to U.S. government policies and the execution and impact of such actions, initiatives and policies; • our ability to manage our relationships with our management companies and franchisors; • our ability to maintain our existing and future financing arrangements; • changes in the value of our properties; • the impact of and changes in governmental regulations, tax law and rates, accounting guidance and similar matters; • our ability to satisfy the requirements for qualification as a REIT under the U.S. Tax Code; • our ability to repay or refinance our indebtedness as it matures or becomes callable by lenders; • the availability of qualified personnel; • our ability to make distributions to our stockholders in the future; • the general volatility of the market price of our securities; and • the degree and nature of our competition. Forward-looking statements are based on our beliefs, assumptions and expectations of our future performance, taking into account information currently available to us. You should not place undue reliance on these forward-looking statements. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to us. These factors are discussed under “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2022, and in other documents we have filed with the Securities and Exchange Commission. If a change occurs, our business, financial condition, liquidity and results of operations may vary materially from those expressed in our forward-looking statements. Any forward-looking statement is effective only as of the date on which it is made. New risks and uncertainties arise over time, and it is not possible for us to predict those events or how they may affect us. Except as required by law we are not obligated to, and do not intend to, publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, this presentation contains certain unaudited historical and pro forma information and metrics which are based or calculated from historical data that is maintained or produced by Summit Hotel Properties, Inc. or third parties. This presentation contain statistics and other data that may have been obtained from, or compiled from, information made available by third-parties. 3

Non-GAAP Financial Measures 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") and Adjusted EBITDAre (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). FFO and AFFO 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, transaction costs, debt transaction costs, premiums on redemption of preferred shares, losses from net casualties, non-cash interest income and non-cash income tax related adjustments to our deferred tax asset. 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, and certain transaction costs related to lodging property acquisition activities and debt, 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 depreciation and amortization expense on assets at our corporate offices, which is de minimus. 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 Earnings Release Supplement, FFO is based on our computation of FFO and not the computation of Nareit-defined FFO unless otherwise noted. 4

Non-GAAP Financial Measures (cont.) EBITDAre and Adjusted EBITDAre In September 2017, Nareit proposed a standardized performance measure, called EBITDAre, which 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. The conclusion was reached that, while dedicated REIT investors have long been accustomed to utilizing the industry’s supplemental measures such as FFO and net operating income (“NOI”) to evaluate the investment quality of REITs as real estate companies, it would be helpful to generalist investors for REITs as real estate companies to also present EBITDAre as a more widely known and understood supplemental measure of performance. 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 for one measurement of 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 unusual 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 meet 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. 5

For the Three Months Ended March 31, 2023 2022 Net loss attributable to common stockholders $ (5,228) $ (12,379) Net loss per diluted share $ (0.05) $ (0.12) Total revenues $ 182,383 $ 141,869 EBITDAre (1) $ 55,340 $ 38,738 Adjusted EBITDAre (1) $ 44,428 $ 32,921 FFO (1) $ 22,076 $ 14,493 Adjusted FFO (1) $ 26,261 $ 20,141 FFO per diluted share and unit (1) $ 0.18 $ 0.12 Adjusted FFO per diluted share and unit (1) $ 0.22 $ 0.17 Pro Forma (2) RevPAR $ 118.18 $ 99.08 RevPAR Growth 19.3% Hotel EBITDA $ 62,865 $ 49,573 Hotel EBITDA margin 34.5% 33.0% Hotel EBITDA margin growth 147 bps Same Store (3) RevPAR $ 116.28 $ 97.46 RevPAR Growth 19.3% Hotel EBITDA $ 58,955 $ 46,848 Hotel EBITDA margin 34.3% 32.5% Hotel EBITDA margin growth 173 bps Summary Financial Results (Unaudited) (1) See tables later in this presentation for a discussion and reconciliation of net loss to non-GAAP financial measures, including earnings before interest, taxes, depreciation, and amortization (“EBITDA”), EBITDAre, adjusted EBITDAre, funds from operations (“FFO”), FFO per diluted share and unit, adjusted FFO (“AFFO”), and AFFO per diluted share and unit, as well as a reconciliation of operating income (loss) to hotel EBITDA. See “Non-GAAP Financial Measures” at the end of this presentation. (2) Unless stated otherwise in this presentation, all pro forma information includes operating and financial results for 103 hotels owned as of March 31, 2023, as if each hotel had been owned by the Company since January 1, 2022 and remained open for the entirety of the measurement period. As a result, all pro forma information includes operating and financial results for hotels acquired since January 1, 2022, which may include periods prior to the Company’s ownership. Pro forma and non-GAAP financial measures are unaudited. (3) All same store information includes 99 hotels owned as of March 31, 2023, with operating and financial results for the three months ended March 31, 2023 and 2022. (In thousands, except per share metrics) 7

2022 2023 Trailing Twelve Pro Forma Operating Data (1) Q2 Q3 Q4 Q1 Months Ended March 31, 2023 Pro forma room revenue $ 169,513 $ 160,478 $ 153,736 $ 163,089 $ 646,816 Pro forma other hotel operating revenue 18,280 18,118 18,703 19,294 74,395 Pro forma total revenues 187,793 178,596 172,439 182,383 721,211 Pro forma total hotel operating expenses 116,894 117,258 110,319 119,518 463,989 Pro forma hotel EBITDA $ 70,899 $ 61,338 $ 62,120 $ 62,865 $ 257,222 Pro forma hotel EBITDA Margin 37.8% 34.3% 36.0% 34.5% 35.7% Pro Forma Statistics (1) Rooms sold 1,034,603 1,011,675 963,342 950,214 3,959,834 Rooms available 1,395,182 1,410,544 1,410,583 1,380,060 5,596,369 Occupancy 74.2% 71.7% 68.3% 68.9% 70.8% ADR $ 163.84 $ 158.63 $ 159.59 $ 171.63 $ 163.34 RevPAR $ 121.50 $ 113.77 $ 108.99 $ 118.18 $ 115.58 Actual Statistics Rooms sold 1,025,340 1,010,996 963,151 950,214 3,949,701 Rooms available 1,382,673 1,409,716 1,410,358 1,380,060 5,582,807 Occupancy 74.2% 71.7% 68.3% 68.9% 70.7% ADR $ 162.68 $ 158.39 $ 159.50 $ 171.63 $ 162.96 RevPAR $ 120.64 $ 113.59 $ 108.92 $ 118.18 $ 115.29 Summary Pro Forma Operating Results (Unaudited) (1) Unaudited pro forma information includes operating results for 103 hotels owned as of March 31, 2023, as if all such hotels had been owned by the Company since April 1, 2022. For hotels acquired by the Company after April 1, 2022 (the “Acquired Hotels”), the Company has included in the pro forma information the financial results of each of the Acquired Hotels for the period from April 1, 2022, to March 31, 2023. The financial results for the Acquired Hotels include information provided by the third-party owner of such Acquired Hotel prior to purchase by the Company and have not been audited or reviewed by our auditors or adjusted by us. The pro forma information is included to enable comparison of results for the current reporting period to results for the comparable period of the prior year and are not indicative of future results. 8

For the Three Months Ended March 31, 2023 2022 Net loss $ (1,970) $ (8,973) Depreciation and amortization 36,908 36,274 Interest expense 20,909 13,439 Interest income (83) (2) Income tax benefit (472) (2,000) EBITDA $ 55,292 $ 38,738 Disposition of assets, net 48 - EBITDAre $ 55,340 $ 38,738 Recoveries of credit losses (250) - Amortization of key money liabilities (136) - Equity-based compensation 1,469 3,698 Debt transaction costs 87 - Non-cash interest income (1) (130) (122) Non-cash lease expense, net 133 128 Casualty losses, net 536 185 Loss related to non-controlling interests in consolidated joint ventures 680 82 Other non-cash items, net 711 - Adjustments related to non-controlling interests in consolidated joint ventures (14,012) (9,788) Adjusted EBITDAre $ 44,428 $ 32,921 Adjusted EBITDAre Reconciliation (1) Non-cash interest income relates to the amortization of the discount on certain notes receivable. The discount on these notes receivable was recorded at inception of the related loans based on the estimated value of the embedded purchase options in the notes receivable. 9

For the Three Months Ended March 31, 2023 2022 Net loss $ (1,970) $ (8,973) Preferred dividends (3,970) (3,970) Distributions to and accretion of redeemable non-controlling interests (657) (555) Loss related to non-controlling interests in consolidated joint ventures 680 82 Net loss applicable to Common Stock and Common Units $ (5,917) $ (13,416) Real estate-related depreciation (1) 35,727 35,195 Disposition of assets, net 48 - Adjustments related to non-controlling interests in consolidated joint ventures (7,782) (7,286) FFO applicable to Common Stock and Common Units $ 22,076 $ 14,493 Recoveries of credit losses (250) - Amortization of debt issuance costs 1,399 1,412 Amortization of franchise fees (1) 142 168 Amortization of intangible assets, net (1) 903 911 Equity-based compensation 1,469 3,698 Debt transaction costs 87 - Non-cash interest income (2) (130) (122) Non-cash lease expense, net 133 128 Casualty losses, net 536 185 Change in deferred tax asset valuation allowance 63 - Other non-cash items, net 711 - Adjustments related to non-controlling interests in consolidated joint ventures (878) (732) AFFO applicable to Common Stock and Common Units $ 26,261 $ 20,141 FFO per Common Stock and Common Units $ 0.18 $ 0.12 AFFO per Common Stock and Common Units $ 0.22 $ 0.17 Weighted average diluted shares of Common Stock and Common Units for FFO and AFFO (3) 122,010 118,976 Adjusted FFO Reconciliation (1) The total of these line items represents depreciation and amortization as reported on the Company’s Condensed Consolidated Statements of Operations for the periods presented. (2) Non-cash interest income relates to the amortization of the discount on certain notes receivable. The discount on these notes receivable was recorded at inception of the related loans based on the estimated value of the embedded purchase options in the notes receivable. (3) The Company includes the outstanding OP units issued by Summit Hotel OP, LP, the Company’s operating partnership, held by limited partners other than the Company because the OP units are redeemable for cash or, at the Company’s option, shares of the Company’s common stock on a one-for-one basis. 10

Summit Wholly-Owned GIC Joint Venture (2) Other Joint Ventures (2) Combined GIC JV Pro Rata Adj Other JVs Pro Rata Adj Pro Rata SEC Filing - 10Q/K Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Rooms sold 576,950 538,590 351,943 304,476 21,321 - 950,214 843,066 Rooms available 868,050 868,019 487,260 445,642 24,750 - 1,380,060 1,313,661 Occupancy 66.5% 62.0% 72.2% 68.3% 86.1% - 68.9% 64.2% ADR $ 168.03 $ 151.89 $ 171.89 $ 154.38 $ 264.86 $ - $ 171.63 $ 152.79 RevPAR $ 111.68 $ 94.24 $ 124.15 $ 105.48 $ 228.16 $ - $ 118.18 $ 98.05 Room revenue 96,947 81,805 60,495 47,005 5,647 - 163,089 128,810 Other revenue 9,603 7,325 6,976 5,734 2,715 - 19,294 13,059 Total revenue $ 106,550 $ 89,130 $ 67,471 $ 52,739 $ 8,362 $ - $ 182,383 $ 141,869 Hotel EBITDA $ 31,866 $ 25,368 $ 27,581 $ 20,767 $ 3,418 $ - $ 62,865 $ 46,135 % margin 29.9% 28.5% 40.9% 39.4% 40.9% - 34.5% 32.5% Net loss $ (1,493) $ (8,509) $ (1,933) $ (464) $ 1,456 $ - $ (1,970) $ (8,973) $ 826 $ 82 $ (146) $ - $ (1,290) $ (8,891) Depreciation and amortization 19,194 20,412 16,697 15,862 1,017 - 36,908 36,274 (8,182) (7,772) (102) - 28,624 28,502 Interest expense 8,256 9,364 11,748 4,075 905 - 20,909 13,439 (5,757) (1,997) (91) - 15,061 11,442 Interest income (76) - (7) (2) - - (83) (2) 3 1 - - (80) (1) Income tax benefit - (2,000) (472) - - - (472) (2,000) 231 - - - (241) (2,000) EBITDA $ 25,881 $ 19,267 $ 26,033 $ 19,471 $ 3,378 $ - $ 55,292 $ 38,738 $ (12,879) $ (9,686) $ (339) $ - $ 42,074 $ 29,052 Disposition of assets, net 26 - 22 - - - 48 - (11) - - - 37 - EBITDAre $ 25,907 $ 19,267 $ 26,055 $ 19,471 $ 3,378 $ - $ 55,340 $ 38,738 $ (12,890) $ (9,686) $ (339) $ - $ 42,111 $ 29,052 Recoveries of credit losses (250) - - - - - (250) - - - - - (250) - Amortization of key money liabilities (67) - (51) - (18) - (136) - 25 - 2 - (109) - Equity-based compensation 1,469 3,698 - - - - 1,469 3,698 - - - - 1,469 3,698 Debt transaction costs 35 - 52 - - - 87 - (25) - - - 62 - Non-cash interest income (1) (130) (122) - - - - (130) (122) - - - - (130) (122) Non-cash lease expense, net 121 119 12 9 - - 133 128 (6) (4) - - 127 124 Casualty losses, net 305 153 201 32 30 - 536 185 (98) (16) (3) - 435 169 Other non-cash items, net 711 - - - - - 711 - - - - - 711 - Other 1 - (2) - - - (1) - 3 - - - 2 - Adjusted EBITDAre $ 28,102 $ 23,115 $ 26,267 $ 19,512 $ 3,390 $ - $ 57,759 $ 42,627 $ (12,991) $ (9,706) $ (340) $ - $ 44,428 $ 32,921 Reconciliation to Adjusted EBITDAre – By Ownership Interest (Unaudited) Q1 2023 (1) Non-cash interest income relates to the amortization of the discount on certain notes receivable. The discount on these notes receivable was recorded at inception of the related loans based on the estimated value of the embedded purchase options in the notes receivable. (2) GIC Joint Venture is 51% owned by Summit while Other Joint Ventures are 90% owned by Summit. 11

Summit Wholly-Owned GIC Joint Venture (4) Other Joint Ventures (4) Combined GIC JV Pro Rata Adj Other JVs Pro Rata Adj Pro Rata Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Net loss $ (1,493) $ (8,509) $ (1,933) $ (464) $ 1,456 $ - $ (1,970) $ (8,973) 826 82 (146) - $ (1,290) $ (8,891) Preferred dividends (3,970) (3,970) - - - - (3,970) (3,970) - - - - (3,970) (3,970) Distributions to and accretion of redeemable non-controlling interests (657) (555) - - - - (657) (555) - - - - (657) (555) Net loss applicable to Common Stock and Common Units $ (6,120) $ (13,034) $ (1,933) $ (464) $ 1,456 $ - $ (6,597) $ (13,498) $ 826 $ 82 $ (146) $ - $ (5,917) $ (13,416) Real estate-related depreciation (1) 19,072 20,325 15,656 14,870 999 - 35,727 35,195 (7,671) (7,286) (100) - 27,956 27,909 Disposition of assets, net 26 - 22 - - - 48 - (11) - - - 37 - FFO applicable to Common Stock and Common Units $ 12,978 $ 7,291 $ 13,745 $ 14,406 $ 2,455 $ - $ 29,178 $ 21,697 $ (6,856) $ (7,204) $ (246) $ - $ 22,076 $ 14,493 Recoveries of credit losses (250) - - - - - (250) - - - - - (250) - Amortization of debt issuance costs 919 951 465 461 15 - 1,399 1,412 (228) (226) (2) - 1,169 1,186 Amortization of franchise fees (1) 63 87 79 81 - - 142 168 (39) (40) - - 103 128 Amortization of intangible assets, net (1) (8) - 911 911 - - 903 911 (446) (446) - - 457 465 Equity-based compensation 1,469 3,698 - - - - 1,469 3,698 - - - - 1,469 3,698 Debt transaction costs 35 - 52 - - - 87 - (25) - - - 62 - Non-cash interest income (2) (130) (122) - - - - (130) (122) - - - - (130) (122) Non-cash lease expense, net 121 119 12 9 - - 133 128 (6) (4) - - 127 124 Casualty losses, net 305 153 201 32 30 - 536 185 (98) (16) (3) - 435 169 Change in deferred tax asset valuation allowance 63 - - - - - 63 - - - - - 63 - Other non-cash items, net 711 - - - - - 711 - - - - - 711 - Other 2 2 (2) - - - - 2 (31) (2) - - (31) - AFFO applicable to Common Stock and Common Units $ 16,278 $ 12,179 $ 15,463 $ 15,900 $ 2,500 $ - $ 34,241 $ 28,079 $ (7,729) $ (7,938) $ (251) $ - $ 26,261 $ 20,141 FFO per Common Stock and Common Units $ 0.18 $ 0.12 AFFO per Common Stock and Common Units $ 0.22 $ 0.17 Weighted average diluted shares of Common Stock and Common Units for FFO and AFFO (3) 122,010 118,976 Reconciliation to Adjusted FFO – By Ownership Interest (Unaudited) Q1 2023 (1) The total of these line items represents depreciation and amortization as reported on the Company’s Condensed Consolidated Statements of Operations for the periods presented. (2) Non-cash interest income relates to the amortization of the discount on certain notes receivable. The discount on these notes receivable was recorded at inception of the related loans based on the estimated value of the embedded purchase options in the notes receivable. (3) The Company includes the outstanding OP units issued by Summit Hotel OP, LP, the Company’s operating partnership, held by limited partners other than the Company because the OP units are redeemable for cash or, at the Company’s option, shares of the Company’s common stock on a one-for-one basis. (4) GIC Joint Venture is 51% owned by Summit while Other Joint Ventures are 90% owned by Summit. 12

Full Year 2023 Outlook (Unaudited) (1) All pro forma information includes operating and financial results for 103 hotels owned as of March 31, 2023, as if each hotel had been owned by the Company since January 1, 2022 and will continue to be owned through the entire year ending December 31, 2023. As a result, the pro forma information includes operating and financial results for hotels acquired since January 1, 2022, which may include periods prior to the Company’s ownership. Pro forma and non-GAAP financial measures are unaudited. 13 FYE 2023 Outlook Low High Pro Forma RevPAR (1) $ 117.50 $ 123.00 Pro Forma RevPAR Growth (1) 6.00% 11.00% Adjusted EBITDAre $ 190,400 $ 205,900 Adjusted FFO $ 112,100 $ 128,100 Adjusted FFO per Diluted Unit $ 0.92 $ 1.05 Capital Expenditures, Pro Rata $ 60,000 $ 80,000

INN Wholly-Owned (61 Hotels) GIC Joint Venture (39 Hotels) Other Joint Ventures (3 Hotels) Pro Forma (103 Hotels) 2023 2022 2023 2022 2023 2022 2023 2022 Pro Forma Operating Data (1) Occupancy 66.5% 62.0% 72.2% 67.5% 86.1% 76.8% 68.9% 64.2% ADR $ 168.03 $ 151.89 $ 171.89 $ 153.21 $ 264.85 $ 243.98 $ 171.63 $ 154.34 RevPAR $ 111.68 $ 94.24 $ 124.15 $ 103.40 $ 228.15 $ 187.30 $ 118.18 $ 99.08 Occupancy change 7.1% 7.0% 12.2% 7.3% ADR change 10.6% 12.2% 8.6% 11.2% RevPAR change 18.5% 20.1% 21.8% 19.3% Pro forma total revenues $ 106,550 $ 89,130 $ 67,471 $ 55,010 $ 8,362 $ 6,110 $ 182,383 $ 150,249 Pro forma hotel EBITDA $ 31,866 $ 25,368 $ 27,581 $ 21,452 $ 3,418 $ 2,753 $ 62,865 $ 49,573 Pro forma hotel EBITDA Margin 29.9% 28.5% 40.9% 39.0% 40.9% 45.1% 34.5% 33.0% Pro Forma Operating Results – By Ownership Interest (Unaudited) (1) Unaudited pro forma information includes operating results for 103 hotels owned as of December 31, 2022, as if all such hotels had been owned by the Company since January 1, 2021. For any hotels acquired by the Company after January 1, 2021 (the “Acquired Hotels”), the Company has included in the pro forma information the financial results of each of the Acquired Hotels for the period from January 1, 2021, to the date the Acquired Hotels were purchased by the Company (the “Pre-acquisition Period”). The financial results for the Pre-acquisition Period were provided by the third-party owner of such Acquired Hotel prior to purchase by the Company and have not been audited or reviewed by our auditors or adjusted by us. The pro forma information is included to enable comparison of results for the current reporting period to results for the comparable period of the prior year and are not indicative of future results. Q1 2023 15

Pro Forma (103) Hotels - 2023 (1) Jan Feb Mar Q1 Occupancy 60.8% 68.8% 76.9% 68.9% ADR $ 159.11 $ 175.08 $ 178.75 $ 171.63 RevPAR $ 96.82 $ 120.41 $ 137.51 $ 118.18 2022 Variance Occupancy change vs 2022 14.0% 7.3% 2.5% 7.3% ADR change vs 2022 12.2% 14.2% 9.0% 11.2% RevPAR change vs 2022 27.9% 22.5% 11.7% 19.3% 2019 Variance Occupancy change vs 2019 -12.4% -10.7% -7.3% -10.0% ADR change vs 2019 3.9% 6.5% 7.7% 6.3% RevPAR change vs 2019 -9.0% -4.9% -0.2% -4.3% Summary Pro Forma Operating Results (Unaudited) (1) Unaudited pro forma information includes operating results for 103 hotels owned as of March 31, 2023, as if all such hotels had been owned by the Company since January 1, 2019. For any hotels acquired by the Company after January 1, 2019 (the “Acquired Hotels”), the Company has included in the pro forma information the financial results of each of the Acquired Hotels for the period from January 1, 2019, to the date the Acquired Hotels were purchased by the Company (the “Pre-acquisition Period”). The financial results for the Pre-acquisition Period were provided by the third-party owner of such Acquired Hotel prior to purchase by the Company and have not been audited or reviewed by our auditors or adjusted by us. The pro forma information is included to enable comparison of results for the current reporting period to results for the comparable period of the prior year and are not indicative of future results. 16

Same Store (99) Hotels - 2023 (1) Jan Feb Mar Q1 Occupancy 60.8% 68.6% 76.6% 68.7% ADR $ 157.42 $ 172.35 $ 176.33 $ 169.33 RevPAR $ 95.65 $ 118.26 $ 135.11 $ 116.28 2022 Variance Occupancy change vs 2022 14.2% 7.6% 2.2% 7.3% ADR change vs 2022 11.8% 13.8% 9.4% 11.2% RevPAR change vs 2022 27.7% 22.5% 11.8% 19.3% 2019 Variance Occupancy change vs 2019 -12.5% -11.0% -7.7% -10.2% ADR change vs 2019 2.8% 4.9% 6.2% 4.9% RevPAR change vs 2019 -10.1% -6.6% -1.9% -5.8% Summary Same Store Operating Results (Unaudited) (1) Unaudited pro forma information includes operating results for 99 same store hotels owned as of March 31, 2023, as if all such hotels had been owned by the Company since January 1, 2019. For any hotels acquired by the Company after January 1, 2019 (the “Acquired Hotels”), the Company has included in the pro forma information the financial results of each of the Acquired Hotels for the period from January 1, 2019, to the date the Acquired Hotels were purchased by the Company (the “Pre-acquisition Period”). The financial results for the Pre-acquisition Period were provided by the third-party owner of such Acquired Hotel prior to purchase by the Company and have not been audited or reviewed by our auditors or adjusted by us. The pro forma information is included to enable comparison of results for the current reporting period to results for the comparable period of the prior year and are not indicative of future results. 17

Comparable (92) Hotels - 2023 (1) Jan Feb Mar Q1 Occupancy 60.0% 68.5% 76.6% 68.4% ADR $ 155.52 $ 170.23 $ 174.79 $ 167.54 RevPAR $ 93.36 $ 116.61 $ 133.97 $ 114.58 2022 Variance Occupancy change vs 2022 12.5% 7.1% 1.9% 6.6% ADR change vs 2022 11.1% 13.4% 8.8% 10.6% RevPAR change vs 2022 25.0% 21.5% 10.8% 17.8% 2019 Variance Occupancy change vs 2019 -13.6% -11.1% -7.6% -10.6% ADR change vs 2019 1.5% 3.6% 5.3% 3.8% RevPAR change vs 2019 -12.3% -7.9% -2.7% -7.2% Summary Comparable 2019 Portfolio Operating Results (Unaudited) (1) Unaudited pro forma information includes operating results for 92 comparable hotels owned as of March 31, 2023, as if all such hotels had been owned by the Company since January 1, 2019. For any hotels acquired by the Company after January 1, 2019 (the “Acquired Hotels”), the Company has included in the pro forma information the financial results of each of the Acquired Hotels for the period from January 1, 2019, to the date the Acquired Hotels were purchased by the Company (the “Pre-acquisition Period”). The financial results for the Pre-acquisition Period were provided by the third-party owner of such Acquired Hotel prior to purchase by the Company and have not been audited or reviewed by our auditors or adjusted by us. The pro forma information is included to enable comparison of results for the current reporting period to results for the comparable period of the prior year and are not indicative of future results. 18

GIC JV (39) Hotels - 2023 (1) Jan Feb Mar Q1 Occupancy 64.7% 71.8% 80.1% 72.2% ADR $ 161.17 $ 179.33 $ 174.52 $ 171.89 RevPAR $ 104.31 $ 128.75 $ 139.84 $ 124.15 2022 Variance Occupancy change vs 2022 12.5% 6.2% 3.7% 7.0% ADR change vs 2022 12.5% 15.7% 9.7% 12.2% RevPAR change vs 2022 26.5% 22.9% 13.8% 20.1% 2019 Variance Occupancy change vs 2019 -8.6% -7.5% -5.3% -7.0% ADR change vs 2019 4.8% 11.6% 7.6% 8.0% RevPAR change vs 2019 -4.2% 3.3% 1.9% 0.5% Other JVs (3) Hotels - 2023 (1) Jan Feb Mar Q1 Occupancy 80.1% 87.2% 91.3% 86.1% ADR $ 231.68 $ 278.23 $ 282.39 $ 264.85 RevPAR $ 185.51 $ 242.64 $ 257.71 $ 228.15 Summary Joint Venture Operating Results (Unaudited) (1) Unaudited pro forma information includes operating results for 42 JV hotels owned as of March 31, 2023, as if all such hotels had been owned by the Company since January 1, 2019. For any hotels acquired by the Company after January 1, 2019 (the “Acquired Hotels”), the Company has included in the pro forma information the financial results of each of the Acquired Hotels for the period from January 1, 2019, to the date the Acquired Hotels were purchased by the Company (the “Pre-acquisition Period”). The financial results for the Pre-acquisition Period were provided by the third-party owner of such Acquired Hotel prior to purchase by the Company and have not been audited or reviewed by our auditors or adjusted by us. The pro forma information is included to enable comparison of results for the current reporting period to results for the comparable period of the prior year and are not indicative of future results. 19

March 31, December 31, September 30, June 30, March 31, (in thousands, except per share data) 2023 2022 2022 2022 2022 Common Share Price & Dividends At quarter ended $ 7.00 $ 7.22 $ 6.72 $ 7.27 $ 9.96 High during quarter ended $ 8.81 $ 8.75 $ 9.09 $ 10.22 $ 10.58 Low during quarter ended $ 6.17 $ 6.66 $ 6.58 $ 6.70 $ 8.63 Common dividends per share $ 0.04 $ 0.04 $ 0.04 $ - $ - Common Shares & Units Common shares outstanding 107,470 106,902 106,894 106,894 106,961 Common units outstanding 15,977 15,977 15,984 15,989 15,989 Total common shares and units outstanding 123,447 122,878 122,878 122,883 122,950 Capitalization Market value of common equity at quarter end $ 864,127 $ 887,182 $ 825,743 $ 893,363 $ 1,224,585 Par value of preferred equity - 6.250% Series E 160,000 160,000 160,000 160,000 160,000 Par value of preferred equity - 5.875% Series F 100,000 100,000 100,000 100,000 100,000 Par value of preferred equity - 5.250% Series Z 50,000 50,000 50,000 50,000 50,000 Consolidated total debt 1,477,432 1,463,124 1,481,147 1,537,082 1,496,640 Less: consolidated unrestricted cash (60,678) (51,255) (72,617) (109,999) (82,397) Consolidated total enterprise value $ 2,590,881 $ 2,609,051 $ 2,544,273 $ 2,630,446 $ 2,948,828 Noncontrolling interest in consolidated total debt - GIC JV (308,291) (308,369) (308,399) (308,474) (280,817) Noncontrolling interest in consolidated total debt - Other JVs (4,700) (4,700) (4,700) (4,700) - Noncontrolling interest in consolidated total cash - GIC JV 14,455 12,937 15,581 23,351 19,695 Noncontrolling interest in consolidated total cash - Other JVs 298 259 166 50 - Pro rata total enterprise value $ 2,292,643 $ 2,309,177 $ 2,246,922 $ 2,340,673 $ 2,687,706 Capitalization – Total Enterprise Value (Unaudited) 21

(amounts in thousands) Spread Base Rate Interest Rate Fixed / Variable Fully-Extended Maturity Date Number of Encumbered Properties Principal Outstanding Noncontrolling Interests Pro Rata Principal Outstanding Senior Credit Facility $400 Million Revolver (1) 1.95% 4.91% 6.86% Variable March 31, 2025 n/a 30,000 - 30,000 $200 Million Term Loan (1) 1.90% 4.91% 6.81% Variable April 01, 2025 n/a 200,000 - 200,000 Total Senior Credit and Term Loan Facility $ 230,000 $ - $ 230,000 $225 Million Unsecured Term Loan (1) 1.75% 4.89% 6.64% Variable February 14, 2025 n/a $ 225,000 $ - $ 225,000 Convertible Notes n/a n/a 1.50% Fixed February 15, 2026 n/a $ 287,500 $ - $ 287,500 Secured Mortgage Indebtedness Metabank (Bayside) n/a n/a 4.44% Fixed July 01, 2027 3 43,518 - 43,518 Bank of the Cascades (First Interstate Bank) (2) 2.00% 4.60% 6.60% Variable December 19, 2024 1 7,624 - 7,624 n/a n/a 4.30% Fixed December 19, 2024 7,624 - 7,624 Total Mortgage Loans 4 $ 58,766 $ - $ 58,766 4 $ 801,266 $ - $ 801,266 Brickell Joint Venture Mortgage Loan City National Bank of Florida (2) 3.00% 4.86% 7.86% Variable June 30, 2025 2 47,000 (4,700) 42,300 GIC Joint Venture Credit Facility and Term Loans $125 Million Revolver (3) 2.15% 4.84% 6.99% Variable October 08, 2024 n/a 125,000 (61,250) 63,750 $75 Million Term Loan (3) 2.10% 4.84% 6.94% Variable October 08, 2024 n/a 75,000 (36,750) 38,250 $410 Million Term Loan (3) 2.75% 4.88% 7.63% Variable January 13, 2027 n/a 410,000 (200,900) 209,100 Wells Fargo CMBS Loan n/a n/a 4.99% Fixed June 06, 2028 1 12,969 (6,355) 6,614 Twain Financial PACE Loan n/a n/a 6.10% Fixed July 31, 2040 1 6,197 (3,036) 3,161 Total GIC Joint Venture Credit Facility and Term Loans 2 $ 629,166 $ (308,291) $ 320,875 Total Joint Venture Debt 4 $ 676,166 $ (312,991) $ 363,175 Total Debt 8 $ 1,477,432 $ (312,991) $ 1,164,441 Debt Schedule – Part I (Unaudited) (1) Interest rate is based on a variable spread plus 1-month term SOFR plus a 0.1% SOFR adjustment after being converted from a 30-day LIBOR-based loan. (2) Interest rate is based on a spread plus 30-day LIBOR. (3) Interest rate is based on a spread plus 1-month term SOFR. As of March 31, 2023 22

(amounts in thousands) Principal Amount Outstanding Fixed Debt Outstanding Variable Debt Outstanding Effective Interest Rate Total Debt $ 1,477,432 $ 357,807 $ 1,119,625 5.93% Noncontrolling Interests in Joint Ventures (312,991) (9,391) (303,600) Pro Rata Debt $ 1,164,441 $ 348,416 $ 816,025 5.55% % of Pro Rata Debt 100% 30% 70% Adjustment for Effective Swaps 0 400,000 (400,000) Pro Rata Debt Including Swaps $ 1,164,441 $ 748,416 $ 416,025 4.81% % of Pro Rata Debt Including Swaps 100% 64% 36% Interest Rate Swaps Notional Value Swap Rate Effective Date Maturity Date Regions - 2018 - $75mm 75,000 2.8570% September 28, 2018 September 30, 2024 Regions - 2018 - $125mm 125,000 2.9170% December 31, 2018 December 31, 2025 Capital One - 2022 - $100mm 100,000 2.6000% January 31, 2023 January 31, 2027 Regions - 2022 - $100mm 100,000 2.5625% January 31, 2023 January 31, 2029 Current Swaps $ 400,000 2.7379% October 22, 2026 Capital One - 2023 - $100mm 100,000 3.3540% July 01, 2023 January 13, 2026 Wells Fargo - 2023 - $100mm 100,000 3.3540% July 01, 2023 January 13, 2026 New JV Swaps $ 200,000 3.3540% January 13, 2026 Total Swaps $ 600,000 3.3540% July 20, 2026 Debt Schedule – Part II (Unaudited) As of March 31, 2023 23 (1) Upon the July 1, 2023, effective date of the new joint venture swaps, the Company estimates its pro rata fixed rate debt outstanding to increase to 73% from 64% as of March 31, 2023. (1)

$30 $200 $225 $288 $0 $102 $209 $7 $3 $42 $15 $44 $0 $150 $300 $450 $600 2023 2024 2025 2026 2027 2028 2029+ Pro Rata Debt Maturity Ladder $400M Senior Revolver $200M Senior Term Loan $225M Senior Term Loan Convertible Senior Notes $200M GIC JV Credit Facility $410M GIC JV Term Loan GIC JV Mortgage Debt Brickell JV Mortgage Debt Mortgage Debt Debt Schedule – Part III (Unaudited) (1) Amounts are in millions ($) and assumes fully-extended maturities for all loans. Reflects pro rata debt totals 24 As of March 31, 2023

Hotels Rooms STR Chain Scale STR Location INN Wholly-Owned (100% Ownership) Courtyard - New Orleans/Metairie 1 153 Upscale Airport Doubletree by Hilton San Francisco Airport North Bayfront 1 210 Upscale Airport Four Points - San Francisco Airport 1 101 Upscale Airport Hyatt House - Miami Airport 1 163 Upscale Airport Hyatt Place - Portland Airport/Cascade Station 1 136 Upscale Airport Residence Inn - New Orleans/Metairie 1 120 Upscale Airport Residence Inn - Portland Airport at Cascade Station 1 124 Upscale Airport Courtyard - Fort Lauderdale Beach 1 261 Upscale Resort Hyatt House - Across From Universal Orlando Resort 1 168 Upscale Resort Hyatt Place - Orlando/Convention Center 1 150 Upscale Resort Hyatt Place - Orlando/Universal 1 150 Upscale Resort Hyatt Place - Scottsdale/Old Town 1 126 Upscale Resort Hotel Indigo - Asheville Downtown 1 116 Upper Upscale Small Metro/Town Courtyard - Atlanta Decatur Downtown/Emory 1 179 Upscale Suburban Courtyard - Dallas/Arlington South 1 103 Upscale Suburban Courtyard - Kansas City Country Club Plaza 1 123 Upscale Suburban Hampton Inn & Suites - Camarillo 1 116 Upper Midscale Suburban Hampton Inn & Suites - San Diego/Poway 1 108 Upper Midscale Suburban Hilton Garden Inn - Greenville 1 120 Upscale Suburban Hilton Garden Inn - Houston/Energy Corridor 1 190 Upscale Suburban Hilton Garden Inn - Minneapolis/Eden Prairie 1 97 Upscale Suburban Hilton Garden Inn - Waltham 1 148 Upscale Suburban Holiday Inn Express & Suites - Minneapolis/Minnetonka 1 93 Upper Midscale Suburban Hyatt House - Denver Tech Center 1 135 Upscale Suburban Hyatt Place - Baltimore/Owings Mills 1 123 Upscale Suburban Hyatt Place - Chicago/Hoffman Estates 1 126 Upscale Suburban Hyatt Place - Chicago/Lombard/Oak Brook 1 151 Upscale Suburban Hyatt Place - Denver South/Park Meadows 1 127 Upscale Suburban Hyatt Place - Denver Tech Center 1 126 Upscale Suburban Hyatt Place - Garden City 1 122 Upscale Suburban Hyatt Place - Phoenix/Mesa 1 152 Upscale Suburban Asset Listing (Unaudited) 26

Asset Listing (Unaudited) Hotels Rooms STR Chain Scale STR Location INN Wholly-Owned (100% Ownership), (cont.) Residence Inn - Baltimore/Hunt Valley 1 141 Upscale Suburban Residence Inn - Boston/Watertown 1 150 Upscale Suburban Residence Inn - Bridgewater/Branchburg 1 101 Upscale Suburban Residence Inn - Dallas/Arlington South 1 96 Upscale Suburban Staybridge Suites - Denver/Cherry Creek 1 121 Upscale Suburban AC Hotel - Atlanta Downtown 1 255 Upscale Urban Courtyard - Atlanta Downtown 1 150 Upscale Urban Courtyard - Charlotte City Center 1 181 Upscale Urban Courtyard - Fort Worth Downtown/Blackstone 1 203 Upscale Urban Courtyard - Indianapolis Downtown 1 297 Upscale Urban Courtyard - Nashville Vanderbilt/West End 1 226 Upscale Urban Courtyard - New Haven at Yale 1 207 Upscale Urban Courtyard - New Orleans Downtown Near the French Quarter 1 140 Upscale Urban Courtyard - New Orleans Downtown/Convention Center 1 202 Upscale Urban Fairfield Inn & Suites - Louisville Downtown 1 140 Upper Midscale Urban Hampton Inn & Suites - Austin/Downtown/Convention Center 1 209 Upper Midscale Urban Hampton Inn & Suites - Baltimore Inner Harbor 1 116 Upper Midscale Urban Hampton Inn & Suites - Minneapolis/Downtown 1 211 Upper Midscale Urban Hilton Garden Inn - Houston/Galleria Area 1 182 Upscale Urban Holiday Inn Express & Suites - San Francisco/Fisherman's Wharf 1 252 Upper Midscale Urban Hyatt Place - Chicago/Downtown-The Loop 1 206 Upscale Urban Hyatt Place - Minneapolis/Downtown 1 213 Upscale Urban Marriott - Boulder 1 165 Upper Upscale Urban Residence Inn - Atlanta Midtown/Peachtree at 17th 1 160 Upscale Urban Residence Inn - Baltimore Downtown/Inner Harbor 1 189 Upscale Urban Residence Inn - Cleveland Downtown 1 175 Upscale Urban SpringHill Suites - Indianapolis Downtown 1 156 Upscale Urban SpringHill Suites - Louisville Downtown 1 198 Upscale Urban Springhill Suites - Nashville MetroCenter 1 78 Upscale Urban SpringHill Suites - New Orleans Downtown 1 208 Upscale Urban INN Wholly-Owned (100% Ownership) 61 9,645 27

Asset Listing (Unaudited) Hotels Rooms STR Chain Scale STR Location GIC Joint Venture (51% Ownership) (1) Courtyard - Dallas DFW Airport / North Grapevine 1 181 Upscale Airport Hilton Garden Inn - Grapevine at Silver Lake Crossing 1 152 Upscale Airport Holiday Inn Express & Suites - DFW / Grapevine 1 95 Upper Midscale Airport Hyatt Place - Dallas / Grapevine 1 125 Upscale Airport TownePlace Suites - Dallas / Grapevine 1 120 Upper Midscale Airport Courtyard - Scottsdale North 1 153 Upscale Resort Embassy Suites - Tucson / Paloma Village 1 120 Upper Upscale Resort Hampton Inn & Suites - Silverthorne 1 88 Upper Midscale Resort Homewood Suites - Tucson/St. Philip's Plaza University 1 122 Upscale Resort Springhill Suites - Scottsdale North 1 121 Upscale Resort Hilton Garden Inn - College Station 1 119 Upscale Small Metro/Town Hilton Garden Inn - Longview 1 122 Upscale Small Metro/Town Residence Inn - Steamboat Springs 1 110 Upscale Small Metro/Town Residence Inn - Tyler 1 119 Upscale Small Metro/Town AC Hotel - Dallas / Frisco 1 150 Upscale Suburban Canopy Hotel - Dallas / Frisco Station 1 150 Upper Upscale Suburban Courtyard - Amarillo Downtown 1 107 Upscale Suburban Embassy Suites - Amarillo Downtown 1 226 Upper Upscale Suburban Hilton Garden Inn - San Jose / Milpitas 1 161 Upscale Suburban Homewood Suites - Aliso Viejo/Laguna Beach 1 129 Upscale Suburban Homewood Suites - Midland 1 118 Upscale Suburban Hyatt Place - Dallas / Plano 1 127 Upscale Suburban Residence Inn - Dallas / Frisco 1 150 Upscale Suburban Residence Inn - Portland / Hillsboro 1 122 Upscale Suburban AC Hotel - Dallas Downtown 1 128 Upscale Urban AC Hotel - Houston Downtown 1 195 Upscale Urban AC Hotel - Oklahoma City / Bricktown 1 142 Upscale Urban Canopy Hotel - New Orleans Downtown 1 176 Upper Upscale Urban Courtyard - Pittsburgh Downtown 1 183 Upscale Urban Hampton Inn & Suites - Dallas Downtown 1 176 Upper Midscale Urban Hampton Inn & Suites - Tampa/Ybor City/Downtown 1 138 Upper Midscale Urban (1) Asset listing excludes two parking garages located in Dallas, TX and Frisco, TX. 28

Hotels Rooms STR Chain Scale STR Location GIC Joint Venture (51% Ownership) (1) Holiday Inn Express & Suites - Oklahoma City Downtown / Bricktown 1 124 Upper Midscale Urban Hyatt Place - Lubbock 1 125 Upscale Urban Hyatt Place - Oklahoma City / Bricktown 1 134 Upscale Urban Residence Inn - Dallas Downtown 1 121 Upscale Urban Residence Inn - Portland Downtown / Riverplace 1 258 Upscale Urban SpringHill Suites - Dallas Downtown 1 148 Upscale Urban SpringHill Suites - New Orleans Downtown / Canal Street 1 74 Upscale Urban TownePlace Suites - New Orleans Downtown / Canal Street 1 105 Upper Midscale Urban GIC Joint Venture (51% Ownership) (1) 39 5,414 Other Joint Ventures (90% Ownership) Onera - Fredericksburg 1 11 Non-Hotel Non-Hotel AC Hotel - Miami Downtown / Brickell 1 156 Upscale Urban Element - Miami Downtown / Brickell 1 108 Upscale Urban Other Joint Ventures (90% Ownership) 3 275 Pro Forma 103 15,334 Asset Listing (Unaudited) (1) Asset listing excludes two parking garages located in Dallas, TX and Frisco, TX. 29

Maryland	001-35074	27-2962512
(State or Other Jurisdiction of Incorporation or Organization)	(Commission File Number)	(I.R.S. Employer Identification No.)

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 E Cumulative Redeemable Preferred Stock, $0.01 par value	INN-PE	New York Stock Exchange
Series F Cumulative Redeemable Preferred Stock, $0.01 par value	INN-PF	New York Stock Exchange

	SUMMIT HOTEL PROPERTIES, INC.

	By:	/s/ Christopher R. Eng
		Christopher R. Eng
		Executive Vice President, General Counsel,
Dated: May 3, 2023		Chief Risk Officer and Secretary

	March 31, 2023		December 31, 2022
	(unaudited)
ASSETS
Investments in lodging property, net	$	2,776,947	$	2,792,552
Assets held for sale, net		79,172		78,576
Cash and cash equivalents		60,678		51,255
Restricted cash		11,153		10,553
Right-of-use assets, net		35,697		35,023
Trade receivables, net		24,070		21,015
Prepaid expenses and other		19,348		8,378
Deferred charges, net		6,932		7,074
Other assets		14,260		17,844
Total assets	$	3,028,257	$	3,022,270
LIABILITIES, REDEEMABLE NON-CONTROLLING INTERESTS, AND EQUITY
Liabilities:
Debt, net of debt issuance costs	$	1,467,123	$	1,451,796
Lease liabilities, net		26,309		25,484
Accounts payable		5,460		5,517
Accrued expenses and other		86,499		81,304
Total liabilities		1,585,391		1,564,101

Redeemable non-controlling interests		50,219		50,219

Total stockholders' equity		946,219		959,813
Non-controlling interests		446,428		448,137
Total equity		1,392,647		1,407,950
Total liabilities, redeemable non-controlling interests, and equity	$	3,028,257	$	3,022,270

	For the Three Months Ended March 31,
	2023			2022
Revenues:
Room	$	163,089		$	128,810
Food and beverage		10,630			5,662
Other		8,664			7,397
Total revenues		182,383			141,869
Expenses:
Room expense		35,909			28,410
Food and beverage		7,955			4,114
Other lodging property operating expenses		56,125			46,277
Property taxes, insurance and other		14,724			13,138
Management fees		4,805			3,795
Depreciation and amortization		36,908			36,274
Corporate general and administrative		8,005			9,137
Recoveries of credit losses		(250	)		-
Total expenses		164,181			141,145
Operating income		18,202			724
Other income (expense):
Interest expense		(20,909	)		(13,439	)
Other income, net		265			1,742
Total other expense, net		(20,644	)		(11,697	)
Loss from continuing operations before income taxes		(2,442	)		(10,973	)
Income tax benefit		472			2,000
Net loss		(1,970	)		(8,973	)
Loss attributable to non-controlling interests		1,369			1,119
Net loss attributable to Summit Hotel Properties, Inc. before preferred dividends and distributions		(601	)		(7,854	)
Distributions to and accretion of redeemable non-controlling interests		(657	)		(555	)
Preferred dividends		(3,970	)		(3,970	)
Net loss attributable to common stockholders	$	(5,228	)	$	(12,379	)
Loss per share:
Basic and diluted	$	(0.05	)	$	(0.12	)
Weighted average common shares outstanding:
Basic and diluted		105,312			104,896

	FYE 2023 Outlook
	Low			High
Pro Forma RevPAR (103 Lodging Assets) ⁽¹⁾	$	117.50		$	123.00
Pro Forma RevPAR Growth		6.00	%		11.00	%
Adjusted EBITDAre	$	190,400		$	205,900
Adjusted FFO	$	112,100		$	128,100
Adjusted FFO per Diluted Unit	$	0.92		$	1.05
Capital Expenditures, Pro Rata	$	60,000		$	80,000

	For the Three Months Ended March 31,
Pro Forma Operating Data ^(1,2)	2023			2022
Pro forma room revenue	$	163,089		$	135,280
Pro forma other hotel operating revenue		19,294			14,969
Pro forma total revenues		182,383			150,249
Pro forma total hotel operating expenses		119,518			100,676
Pro forma hotel EBITDA	$	62,865		$	49,573
Pro forma hotel EBITDA Margin		34.5	%		33.0	%

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

Revenue:
Total revenues	$	182,383		$	141,869
Total revenues - acquisitions ⁽¹⁾		-			9,514
Total revenues - dispositions ⁽²⁾		-			(1,134	)
Pro forma total revenues		182,383			150,249

Hotel Operating Expenses:
Total hotel operating expenses		119,518			95,734
Hotel operating expenses - acquisitions ⁽¹⁾		-			6,010
Hotel operating expenses - dispositions ⁽²⁾		-			(1,068	)
Pro forma hotel operating expenses		119,518			100,676

Hotel EBITDA:
Operating income		18,202			724
Recoveries of credit losses		(250	)		-
Corporate general and administrative		8,005			9,137
Depreciation and amortization		36,908			36,274
Hotel EBITDA		62,865			46,135
Hotel EBITDA - acquisitions ⁽¹⁾		(3,910	)		779
Hotel EBITDA - dispositions ⁽²⁾		-			(66	)
Same store hotel EBITDA	$	58,955		$	46,848
Hotel EBITDA - acquisitions ⁽³⁾		3,910			2,725
Pro forma hotel EBITDA	$	62,865		$	49,573

(1)	For any hotels acquired by the Company after January 1, 2022 (the “Acquired Hotels”), the Company has excluded the financial results of each of the Acquired Hotels for the period the Acquired Hotels were purchased by the Company to March 31, 2023 (the “Acquisition Period”) in determining same-store hotel EBITDA.

(2)	For hotels sold by the Company between January 1, 2022, and March 31, 2023 (the “Disposed Hotels”), the Company has excluded the financial results of each of the Disposed Hotels for the period beginning on January 1, 2022, and ending on the date the Disposed Hotels were sold by the Company (the “Disposition Period”) in determining same-store hotel EBITDA.

(3)	Unaudited pro forma information includes operating results for 103 hotels owned as of March 31, 2023, as if all such hotels had been owned by the Company since January 1, 2022. For hotels acquired by the Company after January 1, 2022 (the “Acquired Hotels”), the Company has included in the pro forma information the financial results of each of the Acquired Hotels for the period from January 1, 2022, to March 31, 2023. The financial results for the Acquired Hotels include information provided by the third-party owner of such Acquired Hotel prior to purchase by the Company and have not been audited or reviewed by our auditors or adjusted by us. The pro forma information is included to enable comparison of results for the current reporting period to results for the comparable period of the prior year and are not indicative of future results.

	2022									2023			Trailing Twelve
Pro Forma Operating Data ^(1,2)	Q2			Q3			Q4			Q1			Months Ended March 31, 2023
Pro forma room revenue	$	169,513		$	160,478		$	153,736		$	163,089		$	646,816
Pro forma other hotel operating revenue		18,280			18,118			18,703			19,294			74,395
Pro forma total revenues		187,793			178,596			172,439			182,383			721,211
Pro forma total hotel operating expenses		116,894			117,258			110,319			119,518			463,989
Pro forma hotel EBITDA	$	70,899		$	61,338		$	62,120		$	62,865		$	257,222
Pro forma hotel EBITDA Margin		37.8	%		34.3	%		36.0	%		34.5	%		35.7	%

Pro Forma Statistics ^(1,2)
Rooms sold		1,034,603			1,011,675			963,342			950,214			3,959,834
Rooms available		1,395,182			1,410,544			1,410,583			1,380,060			5,596,369
Occupancy		74.2	%		71.7	%		68.3	%		68.9	%		70.8	%
ADR	$	163.84		$	158.63		$	159.59		$	171.63		$	163.34
RevPAR	$	121.50		$	113.77		$	108.99		$	118.18		$	115.58

Actual Statistics
Rooms sold		1,025,340			1,010,996			963,151			950,214			3,949,701
Rooms available		1,382,673			1,409,716			1,410,358			1,380,060			5,582,807
Occupancy		74.2	%		71.7	%		68.3	%		68.9	%		70.7	%
ADR	$	162.68		$	158.39		$	159.50		$	171.63		$	162.96
RevPAR	$	120.64		$	113.59		$	108.92		$	118.18		$	115.29

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

Revenue:
Total revenues	$	183,248		$	178,252		$	172,326		$	182,383		$	716,209
Total revenues from acquisitions ⁽¹⁾		5,253			344			113			-			5,710
Total revenues from dispositions ⁽²⁾		(708	)		-			-			-			(708	)
Pro forma total revenues		187,793			178,596			172,439			182,383			721,211

Hotel Operating Expenses:
Total hotel operating expenses		114,074			117,149			110,277			119,518			461,018
Total hotel operating expenses from acquisitions ⁽¹⁾		3,337			109			42			-			3,488
Total hotel operating expenses from dispositions ⁽²⁾		(517	)		-			-			-			(517	)
Pro forma total hotel operating expenses		116,894			117,258			110,319			119,518			463,989

Hotel EBITDA:
Operating income		43,095			17,230			6,733			18,202			85,260
(Gain) loss on disposal of assets, net		(20,484	)		5			164			-			(20,315	)
Loss on write down of assets		-			-			10,420			-			10,420
Recoveries of credit losses		(250	)		(850	)		-			(250	)		(1,350	)
Transaction costs		681			56			12			-			749
Corporate general and administrative		8,074			6,532			7,022			8,005			29,633
Depreciation and amortization		38,058			38,130			37,698			36,908			150,794
Hotel EBITDA		69,174			61,103			62,049			62,865			255,191
Hotel EBITDA from acquisitions ⁽¹⁾		(575	)		(205	)		(2,900	)		(3,910	)		(7,590	)
Hotel EBITDA from dispositions ⁽²⁾		(191	)		-			-			-			(191	)
Same store hotel EBITDA	$	68,408		$	60,898		$	59,149		$	58,955		$	247,410
Hotel EBITDA from acquisitions ⁽³⁾		2,491			440			2,971			3,910			9,812
Pro forma hotel EBITDA	$	70,899		$	61,338		$	62,120		$	62,865		$	257,222

⁽¹⁾	Unaudited pro forma information includes operating results for 103 hotels owned as of March 31, 2023, as if each hotel had been owned by the Company since January 1, 2022. As a result, these pro forma operating and financial measures include operating results for certain hotels for periods prior to the Company’s ownership.

⁽²⁾	Same-store information includes operating results for 99 hotels owned by the Company as of January 1, 2022, and at all times during the three months ended March 31, 2023, and 2022.

	FYE 2023 Outlook
	Low			High
Net (loss) income	$	(9,100	)	$	10,000
Depreciation and amortization		150,100			150,100
Interest expense		84,600			84,100
Interest income		(100	)		(100	)
Income tax expense		3,100			3,100
EBITDA	$	228,600		$	247,200
Disposition of assets, net		100			100
EBITDAre	$	228,700		$	247,300
Recoveries of credit losses		(300	)		(300	)
Amortization of key money liabilities		(100	)		(100	)
Equity-based compensation		7,300			7,300
Debt transaction costs		300			300
Other non-cash items, net		800			800
Loss related to non-controlling interests in consolidated joint ventures		12,300			9,200
Adjustments related to non-controlling interests in consolidated joint ventures		(58,600	)		(58,600	)
Adjusted EBITDAre	$	190,400		$	205,900