# Summit Hotel Properties, Inc. (INN)

> Source: Nexqual · https://nexqual.com/INN · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Summit Hotel Properties, Inc. (INN), nexqual.com/INN" · informational, not investment advice.

**Price:** USD 7.03 (-0.14% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 7.04 · day 6.94–7.17 · 52w 3.98–7.17 · market cap $758M · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $736M, net income -$10.5M (-1.4% margin), free cash flow $93.3M (SEC filings).
- 1 of 80 tracked superinvestors hold INN (13F, Q2 2026): 0 new, 1 added, 0 reduced, 0 unchanged.
- Analysts: Hold (mean 2.83 on a 1–5 scale) (6 analysts), mean target USD 6.81 (range 5.25–8).
- Total return with dividends: 1Y +39.9% vs S&P 500 +14.9%; 5Y -15.3% vs S&P 500 +80.3%.
- Next earnings: 2026-11-03, EPS estimate USD -0.1, revenue estimate $180M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $362M | $676M | $736M | $732M | $729M | $736M |
| Operating income | -$33.3M | $67.8M | $58.8M | $103M | $65.7M | $66.2M |
| Net income | -$65.6M | $1.2M | -$28.1M | $38.9M | -$11.7M | -$10.5M |
| EPS (diluted) | -$0.80 | -$0.16 | -$0.27 | $0.22 | -$0.22 | — |
| Free cash flow | $45.7M | $93.1M | $64.1M | $77.0M | $73.6M | $93.3M |
| Operating margin | -9.2% | 10.0% | 8.0% | 14.1% | 9.0% | 9.0% |
| Net margin | -18.1% | 0.2% | -3.8% | 5.3% | -1.6% | -1.4% |
| Revenue growth | +54.4% | +86.7% | +8.9% | -0.6% | -0.3% | — |
| Cash + short-term investments | $64.5M | $51.3M | $37.8M | $40.6M | $36.1M | — |
| Total debt | $1.07B | $1.45B | $1.43B | $1.40B | $1.39B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/S 1.0x · EV/EBITDA 9.8x · EV/Sales 2.8x · P/FCF 8.1x · P/B 0.9x · FCF yield 12.30% · Earnings yield -1.39% · Dividend yield (paid, TTM) 5.07% · Buyback yield (TTM) 0.82% · Net debt $1.33B · EV $2.09B
P/E at fiscal year-ends: Dec 2024 23.3x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold INN. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Sarah Ketterer | Causeway Capital Management | <0.01% | $120K | Added +15.0% |

## Analysts
Consensus Hold (mean 2.83 on a 1–5 scale), 6 analysts; mean target USD 6.81 (low 5.25, high 8).

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +39.9% | -15.3% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +40.0% | -3.3% |
| Volatility (annualized) | 35.6% | 36.2% |
| Max drawdown | -27.6% (Nov 2025→Mar 2026) | -58.8% (Nov 2021→Apr 2025) |

## Peers (REIT - Hotel & Motel)
SVC (Service Properties Trust) USD 6.22 +1.97% · CLDT (Chatham Lodging Trust (REIT)) USD 14.25 -0.56% · RLJ (RLJ Lodging Trust) USD 12.14 -1.30% · XHR (Xenia Hotels & Resorts, Inc.) USD 19.5 -0.66% · PEB (Pebblebrook Hotel Trust) USD 20.67 -2.04% · SHO (Sunstone Hotel Investors, Inc. ) USD 12.6 -0.08%

## More
Full page: https://nexqual.com/INN · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in INN's own 10-K filed 2026-02-25 (https://www.sec.gov/Archives/edgar/data/1497645/000149764526000015/inn-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | International | "The purchase price (including approximately $0.3 million of acquisition costs) was funded through a combination of a $2.9 million escrow deposit, capital contributions from our GIC Joint Venture partner totaling $21.5 mi…" |
| Partner | Meta Platforms (META) | "In June 2017, Summit Meta 2017, LLC, a subsidiary of our Operating Partnership, entered into a $47.6 million secured, non-recourse loan with MetaBank (the "MetaBank Loan")." |
| Competitor | Airbnb (ABNB) | "We also compete with owners and operators of vacation ownership resorts, as well as companies that offer alternative accommodations, such as Airbnb and similar organizations." |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Room | $176.1M | 88.5% | +3.2% |
| Other | $11.8M | 5.9% | +5.9% |
| Food and beverage | $11.1M | 5.6% | -0.9% |
| Total revenue | $199.0M | 100% | — |

## Company outlook (8-K filed 2023-08-02)

- "The Company is updating its previously provided outlook for the full year 2023 based on 101 lodging assets, 57 of which were wholly owned as of August 2, 2023."
- "The updated outlook includes all transaction activity closed during the second quarter and the net disposition activity resulting in an estimated $2.0 million reduction in adjusted EBITDAre and $1.6 million reduction in adjusted FFO for the full year."
- "There are no additional acquisitions, dispositions, or capital markets activities assumed in the Company's full year 2023 outlook beyond the transactions already completed."
- "(2) The variance to adjusted prior midpoint reflects the midpoint change in current outlook compared to previous outlook had the Company included all transactions closed during the second quarter in its prior guidance given no transactions were contemplated in the full year 2023 outlook update published in May 2023."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $-0.10 | $-0.12 | -16.7% | $179.8M | 1 |
| Next quarter (ends 2026-12-31) | $-0.11 | $-0.12 | -8.3% | $176.7M | 1 |
| Current fiscal year (ends 2026-12-31) | $-0.28 | $-0.35 | -20.0% | $740.6M | 1 |
| Next fiscal year (ends 2027-12-31) | $-0.29 | $-0.35 | -17.1% | $755.3M | 1 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-12-18 (includes earnings 2026-11-03): ±16.4%; last 8 reports averaged ±4.7%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-12-18 | 56 | 45.1% | ±16.4% |