INN news

Summit Hotels delivered strong Q3 results with RevPAR and EBITDA growth, exceeding expectations and raising FY2026 guidance. The company also lowered borrowing costs via facility repricing.

Summit Hotel Properties reported a 27.3% rise in Q2 operating income driven by robust RevPAR, increased guidance, and strategic balance sheet actions including a $650M credit facility refinancing and hotel asset sales.

Summit Hotel Properties, Inc. entered into a Second Amended and Restated Credit Agreement with lenders. This agreement updates terms for revolving, term, and delayed draw facilities, potentially impacting capital management.

Executive Vice President and Chief Financial Officer William Conkling will depart Summit Hotel Properties effective June 15, 2026, with the departure attributed to personal reasons and not related to any operational disagreements. CEO Jonathan Stanner will assume the principal financial officer role…