Summit Hotel Properties : Investor Presentation - May 2025

Published: 2025-05-14 08:59:06 ET INN

Published on 05/14/2025 at 08:59

- Austin Downtown

- Miami Brickell

MAY 2025

(NYSE: INN)

Lodging Assets (1)

Guestrooms (1)

Markets (1)

- Miami Brickell

Top 50 Markets (2)

Recent Transaction Activity

Marriott, Hyatt, Hilton (2)

GOP Margin (1,3)

Portfolio RevPAR Index (1,4)

Based on 97 lodging assets owned as of May 9, 2025.

Based on guestroom count for the 97 lodging assets owned as of May 9, 2025.

Based on pro forma financials for the twelve months ended March 31, 2025. 3

Based on STR data for the twelve months ending March 31, 2025.

SUMMIT

4

DC Hotel by Hacriott - Houston Downtown

Same store Occupancy: 72.5% (+0.8%); ADR: $174 (+0.7%);

RevPAR: $126 (+1.5%)

Urban RevPAR increased 3% for the quarter driven by 7% Urban RevPAR growth in January and February

Group RevPAR increased ~10% for the quarter driven by 17% group RevPAR in Urban markets

Operating expenses increased only 1.5%

Aggregate hotel EBITDA margin contraction of 15 basis points over the past 5 quarters despite modest RevPAR growth validates the efficient operating model

Continued progress in reducing contract labor and employee turnover

Completed $275 million delayed draw term loan to refinance the majority of convertible notes maturing in February 2026; preserves cash flow by allowing the Company to benefit from 1.5% convertible note coupon through maturity

Liquidity >$310 million; weighted avg. interest rate of ~4.6%;

~77% of capital structure fixed after giving effect to swap portfolio; no meaningful maturities until 2027

Authorized $50 million share repurchase program to opportunistically return capital to shareholders

Declared a quarterly cash dividend rate of $0.08 per share representing a 7.4% annualized dividend yield as of May 9th

5

- Orlando Universal

Disclaimer

Summit Hotel Properties Inc. published this content on May 13, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 14, 2025 at 12:58 UTC.