Group 1 - The focus is on building a financial portfolio aimed at achieving financial independence through investments in dividend stocks, which provide a steady income stream [1] - There is a keen interest in financial markets and a continuous effort to learn about various sectors [1] Group 2 - No stock, option, or similar derivative positions are held in any of the companies mentioned, but there may be plans to initiate a long position in the near future [2] - The article expresses personal opinions and is not influenced by compensation from any company mentioned [2] Group 3 - Past performance is not indicative of future results, and no specific investment recommendations are provided [3] - The views expressed may not represent the overall opinions of the platform, and the analysts may not be licensed or certified [3]

Financial Data and Key Metrics Changes - RevPAR in the same store portfolio increased by 1.5% year over year, driven by a mix of rate and occupancy growth [4] - EBITDA margin contracted by less than 50 basis points compared to the first quarter of the previous year, with pro forma operating expenses increasing by only 1.5% year over year [4][20] - Adjusted EBITDA for the first quarter was $45 million, a modest decline compared to the prior year, primarily due to net effective asset sales completed in 2024 [22] - Adjusted FFO was $27.4 million or $0.22 per share, benefiting from lower interest expenses due to deleveraging efforts [23] Business Line Data and Key Metrics Changes - Urban portfolio RevPAR increased nearly 3%, outperforming the total industry by approximately 80 basis points [17] - Suburban and small town metro portfolios generated average RevPAR growth of 1.2%, driven by hotels in specific regions [19] - The resort location type accounts for only 11% of total guest rooms, with significant capital investment expected to enhance performance [19] Market Data and Key Metrics Changes - January RevPAR declined by 1.5% due to weather-related disruptions, but February saw a robust increase of 8.1% year over year [5] - March RevPAR declined by 1.6% in the same store portfolio, with a 10% decline in the qualified segment, primarily due to weakness in government-related travel [5][10] - April RevPAR is expected to decline by 45% compared to last year, influenced by difficult calendar comparisons [8][12] Company Strategy and Development Direction - The company is focused on managing expenses effectively in a lower revenue growth environment, with EBITDA margins contracting only 15 basis points on 1.6% RevPAR growth over the past five quarters [11] - A $50 million share repurchase program has been approved to return capital to shareholders and drive value creation [15][26] - The company continues to prioritize a balance between returning capital to shareholders, investing in the portfolio, reducing corporate leverage, and maintaining liquidity for future growth [26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term prospects for the portfolio despite near-term macroeconomic uncertainties [11][15] - The company expects a modest pullback in demand, particularly in government and international travel, but anticipates some recovery as the year progresses [10][32] - The outlook for the second quarter indicates a RevPAR decline of 24% compared to the previous year, with expectations for flat RevPAR growth for the full year [12][14] Other Important Information - The company has closed on a $275 million delayed draw term loan to refinance maturing convertible notes, preserving cash flow [24][25] - Total liquidity stands at over $300 million, with an average interest rate of approximately 4.6% [25] Q&A Session Summary Question: How have trends evolved within government and international travel? - Management noted that the most acute impact was felt in March, but there is optimism for recovery as the year progresses [31][32] Question: How have trends for business transient customers evolved? - Business transient travel has held up reasonably well, with no significant downward trend observed [34] Question: Is leisure travel being impacted the most? - Leisure travel is expected to be resilient, with potential shifts towards more domestic travel [40][41] Question: What proactive measures are being taken regarding margins? - Management has focused on managing contract labor and employee turnover, without implementing deeper cuts seen in previous downturns [55][56] Question: Thoughts on the buyback announcement and capital allocation? - The buyback program is seen as a compelling opportunity due to significant dislocation in stock prices, with funding expected from reduced CapEx and potential asset sales [59][61] Question: Latest thoughts on joint venture partner's capital deployment? - The joint venture partner is well-capitalized and prepared to take advantage of dislocation opportunities, though transaction activity is expected to slow [64]

Financial Data and Key Metrics Changes - RevPAR in the same store portfolio increased by 1.5% year over year, driven by a mix of rate and occupancy growth [4] - EBITDA margin contracted by less than 50 basis points compared to the first quarter of the previous year, with pro forma operating expenses increasing by 1.5% year over year [4][19] - Adjusted EBITDA for the first quarter was $45 million, a modest decline compared to the prior year, primarily due to net effective asset sales completed in 2024 [20] - Adjusted FFO was $27.4 million or $0.22 per share, benefiting from lower interest expenses due to deleveraging efforts [21] Business Line Data and Key Metrics Changes - Urban portfolio RevPAR increased nearly 3%, outperforming the total industry by approximately 80 basis points [16] - Suburban and small town metro portfolios generated average RevPAR growth of 1.2%, driven by hotels in specific regions [18] - Resort location type accounts for only 11% of total guest rooms, with significant renovations expected to boost performance [18] Market Data and Key Metrics Changes - Demand softening was noted in early March, particularly in government and international travel segments, with March RevPAR declining by 1.6% in the same store portfolio [5][10] - The company expects April RevPAR to decline by approximately 45% year over year, influenced by difficult calendar comparisons [7][12] - The first quarter saw a 2% decline in average daily rate (ADR) despite absolute ADRs increasing year over year across most demand segments [6] Company Strategy and Development Direction - The company announced a $50 million share repurchase program to return capital to shareholders and drive value creation [14][24] - Continued investment in renovations is expected to enhance the quality of the portfolio and drive future profitability [21][25] - The company is focused on managing expenses effectively in a lower revenue growth environment, with a strong emphasis on cost controls [11][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term prospects for the portfolio despite near-term macroeconomic uncertainties [10][14] - The company anticipates a modest recovery in government and international travel segments as the year progresses [30] - Management noted that leisure demand is expected to remain resilient during economic uncertainty, with expectations for group demand to remain strong [11][39] Other Important Information - The company has a total liquidity of over $300 million and no significant debt maturities until 2027 [23] - The average interest rate on the company's debt is approximately 4.6%, with 71% of pro rata share of debt fixed [23] - The company reduced its full-year capital expenditure guidance to $60 million to $70 million, allowing for flexibility in response to market conditions [25] Q&A Session Summary Question: Trends in government and international travel segments - Management noted that both segments experienced the most acute impact in March but have stabilized at lower levels, with optimism for recovery as the year progresses [30][31] Question: Business transient customer trends - The midweek negotiated business segment has held up reasonably well, with no significant downward trend observed [32] Question: Impact on shorter booked weekend leisure trips - Management indicated that leisure demand is expected to be resilient, with potential shifts towards more domestic travel [39] Question: Expense management and potential brand negotiations - Management stated that proactive expense management has been effective, and they have not yet needed to implement deeper cuts seen in prior downturns [55] Question: Share repurchase program and capital allocation - The company plans to fund the buyback through a combination of reduced CapEx and opportunistic asset sales, while maintaining a healthy balance sheet [61] Question: Joint venture partner's capital deployment view - Management indicated that their joint venture partner is well-capitalized and prepared to take advantage of market dislocations, though transaction activity is expected to slow [64]

Core Viewpoint - Summit Hotel Properties reported quarterly funds from operations (FFO) of $0.22 per share, exceeding the Zacks Consensus Estimate of $0.21 per share, but down from $0.24 per share a year ago [1][2] Financial Performance - The FFO surprise for the quarter was 4.76%, following a previous quarter where the company also exceeded expectations with an FFO of $0.20 compared to an estimate of $0.19, resulting in a surprise of 5.26% [2] - Revenues for the quarter were $184.48 million, missing the Zacks Consensus Estimate by 0.80%, and down from $188.14 million year-over-year [3] Market Performance - Summit Hotel Properties shares have declined approximately 40.7% since the beginning of the year, contrasting with the S&P 500's decline of 5.5% [4] - The company has surpassed consensus FFO estimates four times over the last four quarters [2][3] Future Outlook - The current consensus FFO estimate for the upcoming quarter is $0.28 on revenues of $199.62 million, and for the current fiscal year, it is $0.89 on revenues of $754.25 million [8] - The estimate revisions trend for Summit Hotel Properties is currently favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [7] Industry Context - The REIT and Equity Trust - Other industry is currently ranked in the bottom 36% of over 250 Zacks industries, suggesting that the overall industry outlook may impact stock performance [9]

Earnings Release Supplement First Quarter 2025 (UNAUDITED) April 30, 2025 1 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 V | Asset Listing | 2 Forward-Looking Statements We make forward-looking statements in this presentation that are subject to risks and uncertainties. These ...

[PART I — FINANCIAL INFORMATION](index=4&type=section&id=PART%20I%20%E2%80%94%20FINANCIAL%20INFORMATION) [Item 1. Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) Presents the unaudited condensed consolidated financial statements for the quarter ended March 31, 2025 Condensed Consolidated Balance Sheet Highlights (As of March 31, 2025) | Metric | March 31, 2025 (Unaudited) | December 31, 2024 | | :--- | :--- | :--- | | Total Assets | $2,897,459 thousand | $2,896,230 thousand | | Total Liabilities | $1,529,622 thousand | $1,511,184 thousand | | Total Stockholders' Equity | $920,439 thousand | $909,545 thousand | Condensed Consolidated Statements of Operations Highlights (Three Months Ended March 31) | Metric | 2025 | 2024 | | :--- | :--- | :--- | | Total Revenues | $184,478 thousand | $188,142 thousand | | Operating Income | $19,827 thousand | $23,489 thousand | | Net Income | $623 thousand | $2,833 thousand | | Net Loss Attributable to Common Stockholders | $(4,684) thousand | $(2,116) thousand | | Loss Per Share (Basic and Diluted) | $(0.04) | $(0.02) | Condensed Consolidated Statements of Cash Flows Highlights (Three Months Ended March 31) | Metric | 2025 | 2024 | | :--- | :--- | :--- | | Net Cash Provided by Operating Activities | $25,850 thousand | $28,150 thousand | | Net Cash Used in Investing Activities | $(16,872) thousand | $(9,986) thousand | | Net Cash (Used in) Provided by Financing Activities | $(1,004) thousand | $6,419 thousand | [Note 1 - Description of Business](index=10&type=section&id=NOTE%201%20-%20DESCRIPTION%20OF%20BUSINESS) Details the company's structure as a self-managed lodging REIT with a portfolio of 97 premium franchise hotels - As of March 31, 2025, the company's portfolio consisted of **97 lodging properties with 14,555 guestrooms** in 25 states[22](index=22&type=chunk) - The company owns a **51% controlling interest** in a 41-property joint venture with GIC and 90% equity interests in two other joint ventures[22](index=22&type=chunk) - The company has elected to be taxed as a REIT and leases all its properties to taxable REIT subsidiaries (TRSs)[24](index=24&type=chunk) [Note 3 - Investments in Lodging Property, Net](index=14&type=section&id=NOTE%203%20-%20INVESTMENTS%20IN%20LODGING%20PROPERTY%2C%20NET) Outlines the company's net investments in lodging properties, totaling $2.73 billion as of March 31, 2025 Investments in Lodging Property, net (in thousands) | Category | March 31, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Lodging buildings and improvements | $2,875,145 | $2,867,256 | | Land | $415,574 | $415,574 | | Furniture, fixtures and equipment | $299,578 | $296,476 | | Less accumulated depreciation | $(941,731) | $(904,678) | | **Total Investments in lodging property, net** | **$2,727,510** | **$2,746,765** | - In February 2025, the company sold a parcel of undeveloped land in San Antonio, TX for **$1.3 million**[51](index=51&type=chunk) - In February 2024, the GIC Joint Venture sold the 127-guestroom Hyatt Place in Dallas (Plano), TX for **$10.3 million**[52](index=52&type=chunk) [Note 5 - Debt](index=16&type=section&id=NOTE%205%20-%20DEBT) Summarizes the company's total debt of $1.43 billion and recent refinancing activities Debt Summary (in thousands) | Debt Type | March 31, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Revolving debt | $155,000 | $135,000 | | Term loans | $921,037 | $921,037 | | Convertible notes | $287,500 | $287,500 | | Mortgage loans | $63,822 | $64,470 | | **Total Debt** | **$1,427,359** | **$1,408,007** | - In March 2025, the company entered into a **$275 million delayed draw term loan** to refinance its convertible notes maturing in February 2026[86](index=86&type=chunk) - After considering interest rate derivative agreements, **65% of the company's debt was fixed-rate** as of March 31, 2025[63](index=63&type=chunk) [Note 8 - Equity](index=25&type=section&id=NOTE%208%20-%20EQUITY) Details the company's equity structure, share count changes, and capital management programs Changes in Common Stock (Q1 2025) | Description | Shares | | :--- | :--- | | Beginning shares outstanding | 108,435,663 | | Common Unit redemptions | 2,923,797 | | Grants under Equity Plan | 1,253,885 | | Forfeitures & shares acquired | (401,577) | | **Ending shares outstanding** | **112,221,768** | - On April 29, 2025, the Board of Directors authorized a new share repurchase program for up to **$50.0 million** of the company's common stock[119](index=119&type=chunk) - The company has a **$200.0 million ATM program**, but no shares have been sold under it to date[114](index=114&type=chunk) [Note 16 - Subsequent Events](index=32&type=section&id=NOTE%2016%20-%20SUBSEQUENT%20EVENTS) Describes key capital allocation decisions made after the first quarter, including dividends and a share buyback - On April 24, 2025, the Board declared a quarterly cash dividend of **$0.08 per common share/unit**, along with dividends for its preferred stock[156](index=156&type=chunk) - On April 29, 2025, a new share repurchase program was authorized for up to **$50.0 million** of common stock, with no expiration date[157](index=157&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=34&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Analyzes Q1 2025 financial results, portfolio performance, liquidity, and capital resources Key Operating Metrics (Q1 2025 vs Q1 2024) | Metric | Total Portfolio Change | Same-Store Portfolio Change | | :--- | :--- | :--- | | Total Revenues | -1.9% | +0.5% | | Occupancy | +0.7% | +0.8% | | ADR | +0.2% | +0.7% | | RevPAR | +0.9% | +1.5% | Non-GAAP Financial Performance (Q1 2025 vs Q1 2024) | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | AFFO per share/unit | $0.22 | $0.24 | | Adjusted EBITDAre | $45.0 million | $48.8 million | - The company secured a **$275 million delayed draw term loan** to refinance convertible notes maturing in February 2026, enhancing its liquidity position[200](index=200&type=chunk) - Anticipated capital expenditures for 2025 are projected to be between **$60.0 million and $70.0 million** on a pro rata basis[209](index=209&type=chunk) [Results of Operations](index=39&type=section&id=Results%20of%20Operations) Compares Q1 2025 performance to Q1 2024, noting a total revenue decrease but same-store RevPAR growth - Total portfolio room revenue decreased by **$3.7 million**, reflecting a $4.3 million decline from property sales, offset by a $0.6 million increase in same-store revenues[177](index=177&type=chunk) - **Same-store RevPAR increased by 1.5% YoY**, driven by a 0.8% increase in occupancy and a 0.7% increase in ADR[178](index=178&type=chunk) - Interest expense decreased by **$1.6 million (7.5%)** due to lower average interest rates and a lower average outstanding debt balance[181](index=181&type=chunk)[183](index=183&type=chunk) [Non-GAAP Financial Measures](index=42&type=section&id=Non-GAAP%20Financial%20Measures) Provides reconciliations for key non-GAAP metrics, showing a year-over-year decline in FFO, AFFO, and Adjusted EBITDAre FFO and AFFO Reconciliation (in thousands) | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net loss applicable to common shares/units | $(5,287) | $(2,432) | | Real estate-related depreciation | $36,663 | $35,603 | | **FFO applicable to common shares/units** | **$23,196** | **$25,488** | | Adjustments for AFFO | $4,163 | $4,508 | | **AFFO applicable to common shares/units** | **$27,359** | **$29,996** | Adjusted EBITDAre Reconciliation (in thousands) | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net income | $623 | $2,833 | | EBITDAre | $58,449 | $61,199 | | Adjustments | $(13,442) | $(12,398) | | **Adjusted EBITDAre** | **$45,007** | **$48,801** | [Liquidity and Capital Resources](index=45&type=section&id=Liquidity%20and%20Capital%20Resources) Details the company's $1.43 billion debt profile, proactive maturity management, and 2025 capital expenditure plans - Total debt outstanding as of March 31, 2025 was **$1.427 billion**, spread across Operating Partnership debt ($717.5 million) and Joint Venture debt ($709.9 million)[207](index=207&type=chunk) - The company has scheduled debt principal payments of $0.9 million in the next twelve months, plus a **$45.6 million loan maturing in June 2025** and **$287.5 million in convertible notes maturing in February 2026**[200](index=200&type=chunk) - Net cash from operating activities decreased to **$25.9 million** in Q1 2025 from $28.2 million in Q1 2024[210](index=210&type=chunk)[214](index=214&type=chunk) [Item 3. Quantitative and Qualitative Disclosures about Market Risk](index=49&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) Focuses on interest rate risk from variable-rate debt and mitigation strategies using derivative agreements - The company's main market risk is **interest rate risk** from variable-rate debt indexed to SOFR[215](index=215&type=chunk) - As of March 31, 2025, the company had six interest rate swap agreements with a total notional amount of **$625.0 million** to manage this risk[216](index=216&type=chunk) - After accounting for swaps, **65% of consolidated debt is fixed-rate**, and a 1.0% change in interest rates would affect annual cash flows by about $5.0 million[217](index=217&type=chunk)[218](index=218&type=chunk) [Item 4. Controls and Procedures](index=49&type=section&id=Item%204.%20Controls%20and%20Procedures) Confirms the effectiveness of disclosure controls and procedures as of March 31, 2025 - Management concluded that **disclosure controls and procedures were effective** as of the end of the quarter[220](index=220&type=chunk) - **No material changes** in internal control over financial reporting were identified during the quarter[221](index=221&type=chunk) [PART II — OTHER INFORMATION](index=51&type=section&id=PART%20II%20%E2%80%94%20OTHER%20INFORMATION) [Item 1. Legal Proceedings](index=51&type=section&id=Item%201.%20Legal%20Proceedings) States that no pending litigation is expected to have a material adverse effect on the company - There are currently **no pending legal actions** that the company believes would have a material adverse effect on its financial position or results of operations[223](index=223&type=chunk) [Item 1A. Risk Factors](index=51&type=section&id=Item%201A.%20Risk%20Factors) Updates risk factors, adding a new disclosure regarding the discretionary nature of its share repurchase program - A new risk factor was added related to the April 2025 authorization of a **$50.0 million share repurchase program**[224](index=224&type=chunk) - The company states there is **no assurance it will repurchase shares**, as the program is discretionary and depends on multiple factors[224](index=224&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=51&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) Reports no unregistered sales of equity securities during the quarter - None[225](index=225&type=chunk) [Item 3. Defaults Upon Senior Securities](index=51&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) Reports no defaults upon senior securities during the quarter - None[226](index=226&type=chunk) [Item 4. Mine Safety Disclosures](index=51&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) States this item is not applicable to the company - Not applicable[227](index=227&type=chunk) [Item 5. Other Information](index=51&type=section&id=Item%205.%20Other%20Information) Discloses no adoption, modification, or termination of director or officer trading plans during the quarter - **No adoptions, modifications, or terminations** of director or officer trading plans under Rule 10b5-1 occurred during the quarter[228](index=228&type=chunk) [Item 6. Exhibits](index=52&type=section&id=Item%206.%20Exhibits) Lists exhibits filed with the Form 10-Q, including a new term loan agreement and required CEO/CFO certifications - A key exhibit filed is the **Delayed Draw Term Loan Agreement** dated March 27, 2025[229](index=229&type=chunk) - Certifications from the CEO and CFO pursuant to Sections 302 and 906 of the Sarbanes-Oxley Act are also included as exhibits[229](index=229&type=chunk)

Core Insights - The company reported a 1.5% increase in same-store RevPAR for Q1 2025, indicating effective expense management despite low revenue growth [1][5] - A $275 million term loan was secured to refinance convertible notes maturing in February 2026, eliminating debt maturity risk until 2027 [1][13] - The Board of Directors authorized a $50 million share repurchase program to return capital to shareholders [2][12] Financial Performance - The net loss attributable to common stockholders was $4.7 million, or $0.04 per diluted share, compared to a net loss of $2.1 million, or $0.02 per diluted share in Q1 2024 [4][28] - Total revenues decreased to $184.5 million from $188.1 million year-over-year [4][35] - Adjusted EBITDAre fell to $45.0 million from $48.8 million in the same period last year [5][33] Operational Metrics - Pro forma RevPAR increased by 0.9% to $124.99, with pro forma ADR rising by 0.8% to $173.06 and occupancy increasing by 0.1% to 72.2% [5][44] - Same-store RevPAR grew by 1.5% to $126.26, with same-store ADR up by 0.7% to $174.03 and occupancy increasing by 0.8% to 72.5% [5][44] - Hotel EBITDA margin contracted to 35.6%, down from 36.0% in the prior year [4][5] Capital Structure and Liquidity - The company has outstanding debt of $1.1 billion with a weighted average interest rate of 4.63%, and 71% of this debt is at a fixed rate [16] - Total liquidity available is approximately $310 million, including unrestricted cash and cash equivalents [16] - The average length to maturity of the company's debt will increase to nearly four years following the refinancing [15] Market Outlook - Despite near-term softness in lodging demand due to macroeconomic volatility, the company remains confident in long-term fundamentals and expects a multi-year growth cycle in the lodging industry [2][18] - Capital expenditure expectations for 2025 have been reduced to $60 million to $70 million [18]

Core Insights - The article compares Summit Hotel Properties (INN) and Omega Healthcare Investors (OHI) to determine which stock is more attractive to value investors [1] Valuation Metrics - Both INN and OHI currently hold a Zacks Rank of 2 (Buy), indicating a positive earnings outlook due to favorable analyst estimate revisions [3] - INN has a forward P/E ratio of 4.59, significantly lower than OHI's forward P/E of 12.66 [5] - INN's PEG ratio is 0.98, while OHI's PEG ratio is 2.11, suggesting INN is more favorably valued in terms of expected earnings growth [5] - INN's P/B ratio is 0.33, compared to OHI's P/B of 2.17, indicating that INN is trading at a lower market value relative to its book value [6] - These valuation metrics contribute to INN receiving a Value grade of A, while OHI has a Value grade of C [6] Conclusion - Based on the valuation figures, INN is considered the superior value option compared to OHI [7]

Core Viewpoint - Summit Hotel Properties, Inc. has declared cash dividends for both common and preferred stock, reflecting a strong commitment to returning value to shareholders [1][2][3]. Dividend Announcements - The Company declared a cash dividend of $0.08 per share for the first quarter ended March 31, 2025, which translates to an annualized dividend yield of 8.2% based on the closing stock price on April 23, 2025 [1]. - A cash dividend of $0.390625 per share for the 6.25% Series E Cumulative Redeemable Preferred Stock and $0.3671875 per share for the 5.875% Series F Cumulative Redeemable Preferred Stock has been authorized for the dividend period ending on May 31, 2025 [2]. - Additionally, a cash distribution of $0.328125 per unit for the unregistered 5.25% Series Z Cumulative Perpetual Preferred Units has been declared for the distribution period ending on May 31, 2025 [3]. Company Overview - Summit Hotel Properties, Inc. is a publicly-traded real estate investment trust focused on owning premium-branded lodging properties, primarily in the Upscale segment of the lodging industry [4]. - As of April 24, 2025, the Company's portfolio includes 97 assets, with 53 wholly owned properties and a total of 14,555 guestrooms located across 25 states [4].

Group 1 - The stock of Summit Hotel Properties, Inc. (INN) is experiencing significant attention due to high implied volatility in the options market, particularly for the Jun 20, 2025 $7.50 Call option [1] - Implied volatility indicates the market's expectation of future price movement, suggesting that investors anticipate a significant change in the stock's price, potentially due to an upcoming event [2] - Summit Hotel Properties currently holds a Zacks Rank 3 (Hold) in the REIT and Equity Trust - Other industry, which is in the bottom 37% of the Zacks Industry Rank, with recent downward revisions in earnings estimates from analysts [3] Group 2 - The high implied volatility surrounding Summit Hotel Properties may indicate a developing trading opportunity, as options traders often seek to sell premium on such options to capture decay [4]