Summit Hotel Properties (INN)
Owns franchised lodging assets leased to taxable REIT subsidiaries and run by third-party managers.
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Owns premium-branded lodging properties across the United States, with most rooms under Marriott, Hilton, Hyatt, and IHG franchise flags. Revenue is primarily room-driven, while REIT rules keep hotel operations in taxable REIT subsidiaries managed by third-party operators.
Owns premium-branded lodging properties across U.S. metropolitan markets, with rooms as the core revenue line and food and beverage plus other hotel services as smaller contributors. The portfolio leans toward upscale and upper-midscale assets under Marriott, Hilton, Hyatt, and IHG franchise brands rather than company-owned hotel brands.
Runs as a self-managed lodging REIT focused on efficient operating models and capital recycling. The company uses wholly owned assets alongside joint ventures, including the GIC portfolio, and has recently sold lower-performing hotels while concentrating on higher-quality select-service lodging.
Maintaining REIT status shapes the operating setup: hotels are leased to taxable REIT subsidiaries and operated by professional third-party managers. Demand is tied to occupancy, room rates, and travel patterns across corporate, group, leisure, and event-driven markets.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jun 8, 2026 | Raymond James | Target | Target: — | Target: $7 |
| Jan 13, 2026 | Deutsche Bank | Target | Target: — | Target: $6 |
| Dec 17, 2025 | Robert W. Baird | Target | Target: $4.50 | Target: $5 |
| Nov 4, 2025 | Summit Redstone Partners | Target | Target: — | Target: $4.50 |
| Nov 4, 2025 | B of A Securities | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $36.9M · Total debt $1.40B · Total assets $2.73B · Shareholders' equity $838.8M
- Revenue
- $199.0M
- Operating income
- $28.8M
- Net income
- $8.5M
HistoryDividendAnnual yield
| Institutions | 90.23% | 97.31M shares | |
|---|---|---|---|
| 208 holders · as of Jun 30, 2026 | |||
| Insiders | 4.91% | 5.30M shares | |
| 11 holders · as of May 21, 2026 | |||
| Strategic holders | 7.94% | 8.56M shares | |
| 2 holders · as of Mar 12, 2025 | |||
| Adds to | 103.08% | ||
107.85M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 103.08%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Jennison Associates LLCInstitution | 10.80% | 11.65M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 8.74% | 9.43M | as of Jun 30, 2026 |
Long Pond Capital, LPInstitution | 8.72% | 9.40M | filed Aug 13, 2025 |
H/2 Credit Manager LPInstitution | 8.46% | 9.13M | as of Jun 30, 2026 |
Prudential Financial IncStrategic | 6.48% | 6.98M | filed Feb 13, 2025 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jan 5, 2026 | Mehulkumar Bhikhubhai Patel | director | −25,000 | $4.84 |
| Dec 18, 2025 | Mehulkumar Bhikhubhai Patel | director | −10,000 | $5.12 |
- Apple Hospitality REIT
Closest public peer in upscale, select-service lodging
- RLJ
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- Chatham Lodging Trust
Extended-stay and premium select-service lodging peer
- Xenia Hotels & Resorts
Luxury and upper-upscale hotel owner in top U.S. markets
- Service Properties Trust
Mixed hotel and net-lease REIT with select-service overlap
- DiamondRock Hospitality
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- Sunstone Hotel Investors
Upper-upscale gateway and resort lodging peer
- Pebblebrook Hotel Trust
Urban and resort lifestyle hotel REIT
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Summit Hotel Properties | $5.69 | +0.44% | $613.3M | — | — | 0.8 | +3.2% |
| Apple Hospitality REIT | $15.82 | +0.86% | $3.70B | 21.2 | 21.4 | 2.6 | +4.7% |
| RLJ | $10.98 | +0.32% | $1.66B | 267.5 | 292.5 | 1.2 | +5.5% |
| Chatham Lodging Trust | $13.17 | +0.23% | $613.4M | 111.8 | — | 2.0 | +9.4% |
| Xenia Hotels & Resorts | $17.87 | +0.06% | $1.65B | — | 38.8 | 1.5 | +2.8% |
| Service Properties Trust | $6.70 | +0.53% | $221.3M | — | — | 0.1 | −16.4% |
| DiamondRock Hospitality | $12.38 | +0.86% | $2.51B | 16.8 | 19.4 | 2.2 | +4.1% |
| Sunstone Hotel Investors | $11.16 | +0.59% | $2.06B | 45.0 | 51.6 | 2.1 | +6.7% |
| Pebblebrook Hotel Trust | $18.27 | +0.22% | $2.06B | — | — | 1.4 | −0.1% |
| Median | 45.0 | 38.8 | 1.8 | +4.4% |