Summit Hotel Properties, Inc. filed its third-quarter 2026 earnings release on November 3, 2026, reporting results for the three and nine months ended September 30, 2026, including a 7.2 percent increase in pro forma RevPAR and an 11.8 percent rise in Adjusted EBITDAre to $43.9 million.

Key Highlights

  • Pro Forma RevPAR: Increased 7.2 percent to $126.17 in the third quarter of 2026, compared to $117.69 in the third quarter of 2025.
  • Adjusted EBITDAre: Rose 11.8 percent to $43.9 million, up from $39.3 million in the same quarter of 2025.
  • Pro Forma Hotel EBITDA: Increased 14.4 percent to $60.4 million, with margin expanding 191 basis points to 32.6 percent.
  • Adjusted FFO: Increased 13.9 percent to $24.2 million, or $0.20 per diluted share, versus $21.3 million, or $0.17 per diluted share, in Q3 2025.
  • Net Loss: Net loss attributable to common stockholders was $7.7 million, or $0.07 per diluted share, compared to a net loss of $11.3 million, or $0.11 per diluted share, in Q3 2025.
  • Quarterly Common Dividend: Declared at $0.08 per share on October 27, 2026, payable November 30, 2026, to holders of record as of November 16, 2026.
  • Balance Sheet: Pro rata outstanding debt of $1.1 billion at a weighted average interest rate of 5.50 percent, with total pro rata liquidity of approximately $350 million and no debt maturities until 2028.

Summit Hotel Properties Q3 2026 Operating and Financial Results

According to the filing, Summit Hotel Properties (NYSE:INN) reported total revenues of $185.7 million for the three months ended September 30, 2026, compared to $177.1 million in the same period of 2025. The company disclosed that pro forma ADR increased 5.3 percent to $167.95 and pro forma occupancy increased 1.8 percent to 75.1 percent year-over-year. Operating income for the third quarter increased 90.3 percent to $16.3 million, as stated in the filing's headline figures.

For the nine months ended September 30, 2026, the company reported total revenues of $569.8 million, Adjusted EBITDAre of $142.9 million, and Adjusted FFO of $84.6 million, or $0.70 per diluted share, compared to $81.3 million, or $0.66 per diluted share, in the same period of 2025. Pro forma RevPAR for the year-to-date period increased 4.0 percent to $129.91, the filing stated.

Regarding capital markets activity, the filing disclosed that in September 2026 the company amended its $200 Million Term Loan Facility and $275 Million Delayed Draw Term Loan Facility, conforming their pricing grids to those of its $650 Million Senior Credit Facility. The company reported that these amendments, combined with a reduction in its trailing twelve-month leverage ratio, produced an additional 15 basis point reduction in interest rate spread across $675 million of term loan debt, with expected annual interest expense savings of approximately $2.4 million. The company also completed the sale of two Dallas-area hotels in July 2026 for a combined selling price of $19.0 million, according to the filing. Since 2023, the company and its affiliates have sold 15 hotels for a combined sales price of approximately $219.0 million, the filing stated.

What Was Disclosed

Summit Hotel Properties disclosed third-quarter and year-to-date 2026 financial results, capital markets amendments lowering borrowing costs, the sale of two hotels for $19.0 million, a quarterly common dividend of $0.08 per share, and preferred stock dividend declarations, all covering the period ended September 30, 2026.