Summit Hotel Properties, Inc. · NYSE:INN
Summit Hotel Properties — Q4 2025 Earnings Presentation
31 slides from Summit Hotel Properties's earnings presentation, Feb 26, 2026
Slide 1: Investor Presentation
Investor Presentation MARCH 2026 Hampton Inn & Suites– Austin Downtown Element– Miami Brickell
Slide 2: Forward looking statements
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,
Slide 3: Summit Hotel Properties is a leading publicly-traded REIT
Summit Hotel Properties(NYSE: INN ) is a leading publicly -traded REIT focused on owning lodging assetswith efficient operating models Rooms Focused Industry-Leading Market Diversification Controlling Cost, Well-Positioned Operating Model Portfolio Enhancing Value Balance Sheet No Debt Maturities (3
Slide 4: Investment Thesis
SUMMIT Investment Thesis 4 Canopy by Hilton– Dallas Frisco Station
Slide 5: Proven Investment Strategy
Proven Investment Strategy Efficient operating model & best-in- 01 class platform drives profitability Premier portfolio with broad geographic 02 diversification and concentration in high growth urban locations and sun belt markets Targeted capital allocation strategy 03 with proven track record of
Slide 6: Efficient operating model and best-in-class platform drives profitability
Efficient operating model and best-in-class platform drives profitability Summit’s operating platform is built on its expertise and experience in revenue and asset management, design and construction, and capital allocation all underpinned by robust business intelligence and data analytics In-house
Slide 7: Efficient operating model and best-in-class platform drives profitability
Efficient operating model and best-in-class platform drives profitability • Rooms revenue driven model enhances GOP and EBITDA margins • Lower nominal expense growth across cycles • Restructured operating model leads to lower FTE run rate going forward • Proprietary, in-house revenue management plat
Slide 8: Cumulative RevPAR Growth
Efficient operating model Cumulative RevPAR Growth: Summit Pro Forma Portfolio vs. STR Upscale (1) and best-in-class platform Summit STR Upscale drives profitability 60% 3.3% Summit has a track record of outperformance with CAGR cumulative RevPAR growth exceeding the STR Upscale 40% chain scale benc
Slide 9: Efficient operating model and focused cost discipline has resulted in superior margin performance
Efficient operating model and focused cost discipline has resulted insuperior margin performance Summit outperformed select service peer average by +130-service bps andpeer full average by +630 bps 40% Trailing 12-Month Hotel EBITDA Margin FYE 2025 (1,2,3) 35% 33.4% 32.1% 30% 28.4% 27.1% 25% 20% 15%
Slide 10: Premier portfolio with broad geographic diversification & concentration in high growth sun belt markets
Premier portfolio with broadgeographic diversification & concentration in high growth sun belt markets No single asset contributes more than 3% to our portfolio Hotel EBITDA. Within the Dallas-Fort Worth MSA, Portland each individual market contributes <5% of portfolio Hotel EBITDA. (1) Boston Minne
Slide 11: Lodging industry set up for favorable supply & demand dynamics
Lodging industry set up for favorable supply & demand dynamics for the Summit Portfolio Chain foreseeable future Scale Breakdown (2) Muted Total US supply growth expected to average <1% from 2026-2030, ~120 bps below the long-run average(3) 7% CBRE (1) Total US February 2026 Supply Growth Demand Gro
Slide 12: Premier portfolio with industry-leading brands
Premier portfolio with industry-leading brands offering diverse and distinctive accommodations and experiences Summit believes in the value of brand loyalty and partners with leading global brands that provide access to millions of enrolled loyalty members. We believe guests value premium standards,
Slide 13: Capital Allocation
SUMMIT Capital Allocation 13 Canopy by Hilton– New Orleans Downtown
Slide 14: Targeted capital allocation strategy with proven track record of transaction driven value creation
Targeted capital allocation strategy with proven track record of transaction driven value creation • Owns 39 hotels totaling 5,503 guestrooms Acquisitions • Locations in “Markets that Matter” with Joint Venture with a well-respected global real estate favorable supply/demand dynamics and investor fu
Slide 15: Recent transaction activity accretive to earnings, portfolio quality, and growth profile
Recent transaction activityaccretive to earnings, portfolio quality, and growth profile Acquisitions completed in 2023 and 2024 have generated an approximate 390 basis point NOI yield premium and an approximate 70% RevPAR premium compared to dispositions since 2023, while also enabling the company t
Slide 16: GIC Joint Venture Overview and Investment Highlights
Joint Venture Formed in 2019 • 51% Summit / 49% GIC • Summit as General Partner & Asset Manager GIC Joint Venture Overview Invested $275MM in Year 1 • Acquired Hampton Inn & Suites Silverthorne for $26MM and InvestmentHighlights • Acquired 4-Hotel Portfolio for $249MM Six-Hotel Portfolio Contributed
Slide 17: Strategic CapEx Investment
Recently Completed Renovations Renovation Type StrategicCapEx Homewood Suites Midland Comprehensive Renovation Investment Hyatt Place Scottsdale Old Town Residence Inn New Orleans Metairie Comprehensive Renovation Comprehensive Renovation Residence Inn Atlanta Midtown Comprehensive Renovation Summit
Slide 18: Strategic Capex Investment
StrategicCapex Investment The Company has invested ~$250 million in capital expenditures over the last 3 years. • Our comprehensive hotel renovations directly contribute to a meaningful increase in market share by elevating guest satisfaction and enhancing brand perception. • On average, in the 12 m
Slide 19: Courtyard Oceanside Fort Lauderdale Beach
Courtyard Oceanside Fort Lauderdale Beach The Courtyard Fort Lauderdale Beach recently completed a transformative renovation and has been rebranded as the modern Courtyard Oceanside Fort Lauderdale Beach. The completely redesigned resort will offer an unparalleled coastal experience, vast ocean view
Slide 20: Courtyard Oceanside Fort Lauderdale Beach
Courtyard Oceanside Fort Lauderdale Beach Before Renovation King Guest Room– Intracoastal Hotel Lobby Presidential Suite– Living Room After Renovation King Guest Room– Intracoastal Hotel Lobby Presidential Suite– Living Room 20
Slide 21: Onera Fredericksburg
Onera Fredericksburg Onera Fredericksburg recently added 23 custom-built, hard-sided, and climate-controlled units. The expansion includes: • 15 luxury units that build on the property’s signature architectural innovation and showcase unobstructed views of the surrounding Hill Country landscape. New
Slide 22: Balance Sheet
SUMMIT Balance Sheet 22 Hotel Indigo– Asheville Downtown
Slide 23: Well-positioned balance sheet
Well-positioned balance sheet Pro Forma Capital Structure (1,2) Net Debt: $1.1 Billion No debt maturities until 2028 and ample liquidity 16% Common Equity: $0.6 Billion Pro Rata Preferred Equity: $0.3 Billion Capitalization 55% Pro Forma Debt Maturity Schedule (1) 29% $1.9B Unsecured JV MR1 JV MR3 B
Slide 24: Balance sheet well-positioned for current environment
Balance sheet well-positioned for current environment Limited Variable-Rate Debt Exposure (1) Extended Swap Maturities ($ million) (1) 61% of pro rata debt and preferred with fixed Blended rate of 3.02% with an average maturity of nearly 2 years for swaps in effect interest rates Total variable Tota
Slide 25: Operating Update
SUMMIT Operating Update 25 AC Hotel by Marriott – Houston Downtown
Slide 26: Q4 2025 / 2025 Highlights
Q4 2025 / 2025 Highlights Operating • Q4 same store RevPAR trends improved sequentially by ~220 basis points resulting in RevPAR decline of (1.6)%. Performance & • During the fourth quarter, RevPAR index increased by nearly 220 Market Share basis points to 117. Growth • Non-rooms revenue increased ~
Slide 27: Summit's 2026 Outlook
20 26 O UTLO O K Summit’s 2026 Outlook The Company is providing its outlook for the full-year 2026 based on 94 lodging assets owned as of January 1, 2026, excluding the recently sold Hilton Garden Inn Longview, Texas. The three hotels sold since the beginning of 2025 contributed $3.0 million of Cons
Slide 28: Summit portfolio positioned to benefit from World Cup & other special event driven demand
Summit portfolio positioned to benefit from World Cup & other special event driven demand in 2026 2026 FIFA World Cup Key Stats: • Largest World Cup in history based on field of teams Current lodging assets • ~$5B estimated economic impact across U.S. World Cup location North America(1) • Expected t
Slide 29: Appendix
SUMMIT Appendix 29 – Amarillo Downtown Embassy Suites
Slide 30: Experienced Leadership Driving Success
Experienced Leadership Driving Success Jonathan Stanner President & Chief Executive Officer Mr. Stanner joined Summit Hotel Properties in April 2017 and most recently served as the company’s Executive Vice President and Chief Financial Officer. Prior to joining Summit, Mr. Stanner was Chief Executiv
Slide 31: Summit Hotel Properties
SUMMIT HOTEL PROPERTIES
Summit Hotel Properties — Q4 2025 Earnings Presentation on 6ix