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          "text": "our ability to increase our dividend per share of common stock;\nthe state of the U.S. economy generally or in specific geographic regions in which we operate, and the effect of general economic conditions on the lodging industry and our business in particular;\nmarket trends in our industry, interest rates, real estate values and the capital markets;\nour business and investment strategy and, particularly, our ability to identify and complete hotel acquisitions and dispositions;\nour projected operating results;\nactions and initiatives of the U.S. government and changes to U.S. government policies and the execution and impact of such actions, initiatives and policies;\nour ability to manage our relationships with our management companies and franchisors;\nour ability to maintain our existing and future financing arrangements;\nchanges in the value of our properties;\nthe impact of and changes in governmental regulations, tax law and rates, accounting guidance and similar matters;\nour ability to satisfy the requirements for qualification as a REIT under the U.S. Tax Code;\nour ability to repay or refinance our indebtedness as it matures or becomes callable by lenders;\nthe availability of qualified personnel;\nour ability to make distributions to our stockholders in the future;\nthe general volatility of the market price of our securities; and\nthe degree and nature of our competition.",
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          "text": "Acquisitions\nLocations in \"Markets that Matter\" with favorable supply/demand dynamics and multiple demand generators\nEfficient operating models and value-add opportunities (i.e., property renovations, brand conversions, management changes)\nTarget product types that appeal to evolving guest preferences (i.e., initial glamping investment with the acquisition of Onera Fredericksburg in October 2022 and two new development projects currently underway)",
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          "text": "Dispositions\nIdentify markets with unfavorable supply/demand dynamics and hotels with functional obsolescence or large capital needs that do not meet return thresholds\nUnder contract to sell six lodging assets and one vacant land parcel for $79.9 million. Combined with our previously completed sale of the Hilton Garden Inn San Francisco in 2022, we have signed or closed sales totaling $155 million at a blended capitalization rate of 2.3% based on trailing twelve-month net operating income and eliminated nearly $44 million of near-term required capital expenditures.",
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          "text": "WILLIAM (\"TREY\") CONKLING\nEXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER\nMr. Conkling joined Summit Hotel Properties in May 2021 as the Company's Executive Vice President & Chief Financial Officer.\nPrior to joining Summit, Mr. Conkling served as a Managing Director in the Real Estate, Gaming & Lodging Investment Banking group for Bank of America Merrill Lynch, where he oversaw the successful execution of transaction volume in excess of $190 billion including capital markets and mergers and acquisitions. Prior to his time at Bank of America Merrill Lynch, Mr. Conkling was with the investment banking unit of Bear, Stearns & Co. and previously worked in asset management for Host Hotels & Resorts.\nMr. Conkling earned a B.S. in Hotel and Restaurant Administration from Cornell University, School of Hotel Administration and an MBA from Cornell University, Johnson Graduate School of Management.",
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