{ "schemaVersion": "deck-intelligence.v1", "id": "019de515-d78a-72df-bdfc-ab4dfa1610c2", "slug": "b0e4244d9a5f913c8f36f54fc2f75fd2", "title": "Summit Hotel Properties | Investor Presentation Deck | 30 slides", "subtitle": "Summit Hotel Properties · 2023-05", "author": "Summit Hotel Properties", "date": "2023-05-01 00:00:00", "pageCount": 30, "kind": "pitchdeck", "orientation": "landscape", "aspectRatio": 1.2938006, "document": { "id": "019de515-d78a-72df-bdfc-ab4dfa1610c2", "slug": "b0e4244d9a5f913c8f36f54fc2f75fd2", "title": "Summit Hotel Properties | Investor Presentation Deck | 30 slides", "rawTitle": "Summit Hotel Properties | Investor Presentation Deck | 30 slides", "authorId": "summit-hotel-properties", "authorName": "Summit Hotel Properties", "authorDisplay": "Summit Hotel Properties", "kind": { "slug": "pitchdeck", "label": "Pitch deck" }, "sourceType": { "slug": "investor_relations", "label": "Investor relations" }, "fileName": "2023-05__summit-hotel-properties__investor-pres__b0e4244d.pdf", "sourceUrl": "https://www.slidebook.io/company/summit-hotel-properties/presentation/b0e4244d9a5f913c8f36f54fc2f75fd2/", "sourceDate": "2023-05-15 00:00:00", "presentationDate": "2023-05-01 00:00:00", "ingestedAt": "2026-05-01 19:48:27.235818+00", "status": "ready", "pageCount": 30, "orientation": "landscape", "aspectRatio": 1.2938006, "targetCompany": null, "targetTicker": null, "metadata": { "corpus": "slidebook", "industry": "reit-hotel-and-motel", "local_root": "/Users/miguelsuredasuau/Desktop/lalalalla/_scrape/slidebook/decks/2023-05__summit-hotel-properties__investor-pres__b0e4244d", "image_width": 1920, "image_format": "jpg", "deck_type_raw": "Investor Presentation Deck", "deck_type_slug": null, "source_url_pattern": "https://www.slidebook.io/company/{company_slug}/presentation/{deck_id}/" } }, "coverage": { "pageCount": 30, "pagesIndexed": 30, "pagesWithImages": 30, "pagesWithMetadata": 30, "imageCoveragePct": 100, "metadataCoveragePct": 100, "componentCount": 247, "chartCount": 24, "metricSlides": 0, "toolMatches": 13, "documentToolMatches": 0, "frameworkMatches": 0, "arcMatches": 1, "beatMatches": 5, "loopMatches": 3, "patternMatches": 0, "storymakersMatch": false, "scoreAvailable": false, "reviewAvailable": false, "activistThesisAvailable": false, "pitchdeckMetadataAvailable": false, "pitchdeckProfileAvailable": false }, "blocks": [], "matches": { "arcs": [ { "arc": { "name": "The Sequoia Pitch", "slug": "sequoia-pitch", "status": "active", "bestFor": "Investor pitches, Series A/B, board presentations", "canonId": "019dd956-5e69-75a7-a0a4-895ac1bc0444", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem -> Solution -> Why Now -> Market Size -> Competition -> Product -> Business Model -> Team -> Financials -> The Ask", "description": null, "familyLabel": null, "categoryName": "Strategy & Business", "categorySlug": "strategy-business" }, "matchId": "93d10d54-20f8-4234-b953-c2d1b78ee8cc", "evidence": "The document follows a structure similar to the Sequoia Pitch, with sections on problem, solution, market size, competition, and team.", "isPrimary": true, "confidence": 0.8, "extraction": { "at": "2026-07-16 23:08:23.919517+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": "doc-narrative-v1" } } ], "beats": [ { "to": 4, "arc": { "name": "The Sequoia Pitch", "slug": "sequoia-pitch", "status": "active", "bestFor": "Investor pitches, Series A/B, board presentations", "canonId": "019dd956-5e69-75a7-a0a4-895ac1bc0444", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem -> Solution -> Why Now -> Market Size -> Competition -> Product -> Business Model -> Team -> Financials -> The Ask", "description": null, "familyLabel": null, "categoryName": "Strategy & Business", "categorySlug": "strategy-business" }, "from": 3, "name": "Problem", "beatId": "7c3f96b8-0609-4319-9ac7-512e3d2a81d5", "matchId": "93d10d54-20f8-4234-b953-c2d1b78ee8cc", "beatType": { "name": "Problem", "slug": "sequoia-pitch-problem", "status": "active", "canonId": "019dd9b8-1ed4-767b-8e05-40e733bd2311", "version": 1, "description": null }, "evidence": "The document presents an overview of the company and the investment thesis.", "position": 0, "isPrimaryArc": true, "parentBeatType": { "name": "Complication", "slug": "complication", "status": "active", "canonId": "019dd9b8-0275-7709-b2d6-4f77c3fc7579", "version": 1, "description": "The point in the narrative where the audience should feel discomfort. Required for argumentative arcs." }, "alignedBlockIds": null, "matchConfidence": 0.8 }, { "to": 10, "arc": { "name": "The Sequoia Pitch", "slug": "sequoia-pitch", "status": "active", "bestFor": "Investor pitches, Series A/B, board presentations", "canonId": "019dd956-5e69-75a7-a0a4-895ac1bc0444", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem -> Solution -> Why Now -> Market Size -> Competition -> Product -> Business Model -> Team -> Financials -> The Ask", "description": null, "familyLabel": null, "categoryName": "Strategy & Business", "categorySlug": "strategy-business" }, "from": 5, "name": "Solution", "beatId": "ccbddd78-7790-4a03-a40f-5517b33261e6", "matchId": "93d10d54-20f8-4234-b953-c2d1b78ee8cc", "beatType": { "name": "Solution", "slug": "sequoia-pitch-solution", "status": "active", "canonId": "019dd9b8-1fb1-71d9-a260-07738d7f9c2f", "version": 1, "description": null }, "evidence": "The document outlines Summit's efficient operating model and best-in-class platform.", "position": 1, "isPrimaryArc": true, "parentBeatType": { "name": "Turn", "slug": "turn", "status": "active", "canonId": "019dd9b8-0396-702b-ac2f-9901f8dd8b54", "version": 1, "description": "The pivot — solution proposed, catalyst introduced, decision made. Common (15/20 arcs) but not universal: Triple-take, AIDA, PAS, Voyage-return and Pixar substitute it with a strong reflection or development beat." }, "alignedBlockIds": null, "matchConfidence": 0.8 }, { "to": 12, "arc": { "name": "The Sequoia Pitch", "slug": "sequoia-pitch", "status": "active", "bestFor": "Investor pitches, Series A/B, board presentations", "canonId": "019dd956-5e69-75a7-a0a4-895ac1bc0444", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem -> Solution -> Why Now -> Market Size -> Competition -> Product -> Business Model -> Team -> Financials -> The Ask", "description": null, "familyLabel": null, "categoryName": "Strategy & Business", "categorySlug": "strategy-business" }, "from": 11, "name": "Market Size", "beatId": "4831f505-5d9a-416e-8164-8904b7c014e5", "matchId": "93d10d54-20f8-4234-b953-c2d1b78ee8cc", "beatType": { "name": "Market Size", "slug": "sequoia-pitch-market-size", "status": "active", "canonId": "019dd9b8-20e6-729c-bc28-05442906d032", "version": 1, "description": null }, "evidence": "The document discusses the premier portfolio with broad geographic diversification and concentration in high growth sun belt markets.", "position": 2, "isPrimaryArc": true, "parentBeatType": { "name": "Evidence", "slug": "evidence", "status": "active", "canonId": "019dd9b8-03f9-772a-b84a-4f07b415b77a", "version": 1, "description": "A dedicated proof beat exists in only ~4 arcs (Gambit, Sequoia, AIDA, Monroes). Other arcs embed evidence inline within development." }, "alignedBlockIds": null, "matchConfidence": 0.8 }, { "to": 16, "arc": { "name": "The Sequoia Pitch", "slug": "sequoia-pitch", "status": "active", "bestFor": "Investor pitches, Series A/B, board presentations", "canonId": "019dd956-5e69-75a7-a0a4-895ac1bc0444", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem -> Solution -> Why Now -> Market Size -> Competition -> Product -> Business Model -> Team -> Financials -> The Ask", "description": null, "familyLabel": null, "categoryName": "Strategy & Business", "categorySlug": "strategy-business" }, "from": 13, "name": "Competition", "beatId": "aef3b546-5b4e-436e-896b-e74e846b357f", "matchId": "93d10d54-20f8-4234-b953-c2d1b78ee8cc", "beatType": { "name": "Competition", "slug": "sequoia-pitch-competition", "status": "active", "canonId": "019dd9b8-21bd-7407-8707-bdf217ed9c76", "version": 1, "description": null }, "evidence": "The document presents a competitive analysis of Summit's RevPAR premium and operating margins.", "position": 3, "isPrimaryArc": true, "parentBeatType": { "name": "Evidence", "slug": "evidence", "status": "active", "canonId": "019dd9b8-03f9-772a-b84a-4f07b415b77a", "version": 1, "description": "A dedicated proof beat exists in only ~4 arcs (Gambit, Sequoia, AIDA, Monroes). Other arcs embed evidence inline within development." }, "alignedBlockIds": null, "matchConfidence": 0.8 }, { "to": 30, "arc": { "name": "The Sequoia Pitch", "slug": "sequoia-pitch", "status": "active", "bestFor": "Investor pitches, Series A/B, board presentations", "canonId": "019dd956-5e69-75a7-a0a4-895ac1bc0444", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem -> Solution -> Why Now -> Market Size -> Competition -> Product -> Business Model -> Team -> Financials -> The Ask", "description": null, "familyLabel": null, "categoryName": "Strategy & Business", "categorySlug": "strategy-business" }, "from": 30, "name": "Team", "beatId": "16a12f5e-7542-4778-aa18-f8dc79aba9cd", "matchId": "93d10d54-20f8-4234-b953-c2d1b78ee8cc", "beatType": { "name": "Team", "slug": "sequoia-pitch-team", "status": "active", "canonId": "019dd9b8-23c9-746f-aaf9-2f5d83892cf3", "version": 1, "description": null }, "evidence": "The document concludes with a section on the experienced leadership driving success.", "position": 4, "isPrimaryArc": true, "parentBeatType": { "name": "Evidence", "slug": "evidence", "status": "active", "canonId": "019dd9b8-03f9-772a-b84a-4f07b415b77a", "version": 1, "description": "A dedicated proof beat exists in only ~4 arcs (Gambit, Sequoia, AIDA, Monroes). Other arcs embed evidence inline within development." }, "alignedBlockIds": null, "matchConfidence": 0.8 } ], "loops": [ { "to": 9, "from": 8, "loop": { "name": "06_zoom_in", "slug": "06-zoom-in", "status": "active", "bestFor": "Technical deep-dives, case studies, detailed analysis", "canonId": "019dd956-6846-74db-82be-dff5b058b072", "version": 1, "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21", "structure": "The Big Picture -> Key Area of Focus -> Specific Detail -> Implication", "description": "Start broad, then progressively focus on specific details that prove your point", "familyLabel": null, "categoryName": "Analysis", "categorySlug": "analysis" }, "matchId": "74ddc157-13dd-41b6-bd7e-2b2c7aaeca05", "evidence": "The document provides specific data on Summit's cumulative RevPAR growth exceeding the STR Upscale chain scale benchmark.", "position": 0, "objective": "To highlight Summit's outperformance and RevPAR growth", "confidence": 0.7, "extraction": { "at": "2026-07-16 23:08:24.169028+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": "doc-narrative-v1" } }, { "to": 16, "from": 15, "loop": { "name": "15_why_now", "slug": "15-why-now", "status": "active", "bestFor": "Sales pitches, fundraising, requesting immediate budget approval", "canonId": "019dd956-6c00-70cd-bd42-6bacc4af726f", "version": 1, "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21", "structure": "The Context (Trends) -> The Trigger Event -> The Window of Opportunity", "description": "Create temporal urgency by proving that the window of opportunity is opening or closing", "familyLabel": null, "categoryName": "Urgency", "categorySlug": "urgency" }, "matchId": "3d52b77d-39cc-4c62-96fc-d3c059cfa28e", "evidence": "The document discusses urban and weekday demand driving the next phase of lodging recovery.", "position": 1, "objective": "To explain the current market conditions and Summit's position", "confidence": 0.6, "extraction": { "at": "2026-07-16 23:08:24.208924+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": "doc-narrative-v1" } }, { "to": 22, "from": 20, "loop": { "name": "47_quick_win_big_bet", "slug": "47-quick-win-big-bet", "status": "active", "bestFor": "Transformation planning, 100-day plans, resource allocation", "canonId": "019dd956-790d-708d-983e-ef9bbc68f741", "version": 1, "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21", "structure": "The Full List -> Quick Wins (Low effort, High impact) -> Big Bets (High effort, High impact) -> Sequenced Roadmap", "description": "Separate initiatives into immediate wins and longer-term strategic bets", "familyLabel": null, "categoryName": "Consulting Framework", "categorySlug": "consulting-framework" }, "matchId": "0349382e-ed52-46b6-add2-0c540303687f", "evidence": "The document outlines Summit's strategy for transaction-driven value creation and external growth.", "position": 2, "objective": "To showcase Summit's targeted capital allocation strategy and growth opportunities", "confidence": 0.6, "extraction": { "at": "2026-07-16 23:08:24.249103+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": "doc-narrative-v1" } } ], "tools": [ { "tool": { "name": "Slide recipe: Cover", "slug": "cover-slide", "status": "active", "bestFor": null, "canonId": "019df269-2a08-767d-9128-e7431e6fe8a3", "version": 1, "bodyDocId": "019df269-29e5-7738-b5fa-6892e5dc8e65", "description": "The first ten seconds. Build it deliberately.", "familyLabel": "slide-recipe", "categoryName": "Slide", "categorySlug": "slide" }, "agent": "designer", "layer": "slide", "agents": [ "designer" ], "matchId": "8f783fb9-ab2a-4f3a-a5e2-4ac8f9ac7506", "evidence": "SUMMIT HOTEL PROPERTIES, INVESTOR PRESENTATION, MAY 2023", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.9, "extraction": { "at": "2026-07-17 04:00:00.709114+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 1, "whyItWorks": null, "antipattern": null, "cardinality": null, "narrativePurpose": null }, { "tool": { "name": "Audience Definition", "slug": "audience-definition", "status": "active", "bestFor": null, "canonId": "019dd956-7f2a-775d-aeee-ff099bcb7756", "version": 1, "bodyDocId": null, "description": "Six key questions: Who are they? What do they know? What do they believe? What do they care about? What do they fear? What decisions can they make?", "familyLabel": null, "categoryName": "Block", "categorySlug": "block" }, "agent": "Storyteller", "layer": "slide", "agents": [ "Storyteller" ], "matchId": "72a9740d-b8cd-406a-bee9-1a5f868678ee", "evidence": "The slide provides an overview of Summit Hotel Properties, indicating the audience is likely investors or potential investors.", "pageRefs": null, "priority": "Core", "whenToUse": null, "confidence": 0.7, "extraction": { "at": "2026-07-17 01:45:48.990628+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 3, "whyItWorks": null, "antipattern": null, "cardinality": null, "narrativePurpose": null }, { "tool": { "name": "Executive summary", "slug": "executive-summary", "status": "active", "bestFor": null, "canonId": "019dd9e1-4b63-72d5-9734-da757d91ca61", "version": 1, "bodyDocId": null, "description": "A condensed view of the entire argument on a single slide / block.", "familyLabel": null, "categoryName": null, "categorySlug": null }, "agent": null, "layer": "slide", "agents": null, "matchId": "b192139e-4cb3-478e-86db-e0f3f64f4fdd", "evidence": "This slide serves as a summary of key information about Summit Hotel Properties.", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.9, "extraction": { "at": "2026-07-17 01:45:48.946532+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 3, "whyItWorks": null, "antipattern": null, "cardinality": "common", "narrativePurpose": null }, { "tool": { "name": "Thesis archetype", "slug": "thesis-archetype", "status": "active", "bestFor": null, "canonId": "019dd9e1-4b0b-7428-9b26-f171d1e753fb", "version": 1, "bodyDocId": null, "description": "A canonical investment / activist thesis shape (breakup, fraud, governance).", "familyLabel": null, "categoryName": null, "categorySlug": null }, "agent": null, "layer": "slide", "agents": null, "matchId": "1814315f-0520-4622-aab9-2668e317b6a2", "evidence": "The slide outlines a clear investment strategy, which is a common archetype for investment theses.", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.7, "extraction": { "at": "2026-07-17 01:45:49.122183+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 5, "whyItWorks": null, "antipattern": null, "cardinality": "optional", "narrativePurpose": null }, { "tool": { "name": "2x2 matrix", "slug": "matrix-2x2", "status": "active", "bestFor": null, "canonId": "019dd9e1-50ab-72d1-8afb-3ab0a38e32a8", "version": 1, "bodyDocId": null, "description": "BCG matrix, importance/urgency, any axes-and-quadrants frame.", "familyLabel": null, "categoryName": null, "categorySlug": null }, "agent": null, "layer": "slide", "agents": null, "matchId": "cd7a45cf-ba93-4c40-a1e4-3ebf3628c609", "evidence": "chart/pie: % of Portfolio by STR Location (1)", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.5, "extraction": { "at": "2026-07-17 01:45:49.983589+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 15, "whyItWorks": null, "antipattern": null, "cardinality": "common", "narrativePurpose": null }, { "tool": { "name": "Waterfall chart", "slug": "waterfall-chart", "status": "active", "bestFor": null, "canonId": "e2799da3-725f-44a9-a093-570f1f388e64", "version": 1, "bodyDocId": null, "description": null, "familyLabel": null, "categoryName": null, "categorySlug": null }, "agent": null, "layer": "slide", "agents": null, "matchId": "ad725c10-0476-4796-aea7-adf0b3fd6894", "evidence": "chart/bar-vertical: 92-Hotel Comparable Portfolio RevPAR Recapture vs 2019 (2)", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.7, "extraction": { "at": "2026-07-17 01:45:49.939917+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 15, "whyItWorks": null, "antipattern": null, "cardinality": null, "narrativePurpose": null }, { "tool": { "name": "Waterfall chart", "slug": "waterfall-chart", "status": "active", "bestFor": null, "canonId": "e2799da3-725f-44a9-a093-570f1f388e64", "version": 1, "bodyDocId": null, "description": null, "familyLabel": null, "categoryName": null, "categorySlug": null }, "agent": null, "layer": "slide", "agents": null, "matchId": "4bec496f-2cf1-467e-b505-5453201fe3c4", "evidence": "chart/bar-vertical: RevPAR $140 $120 $11 $11 $11 $12 $10 $14 $13 $13 $11 $10 $14 $12 $100 $80 $60 $40 $20 $0 APR 2022 MAY 2022 JUN 2022 JUL 2022 AUG 2022 SEP 2022 OCT 2022 NOV 2022 DEC 2022 JAN 2023 FEB 2023 MAR 2023", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.7, "extraction": { "at": "2026-07-17 01:45:50.074273+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 16, "whyItWorks": null, "antipattern": null, "cardinality": null, "narrativePurpose": null }, { "tool": { "name": "Table data", "slug": "table-data", "status": "active", "bestFor": null, "canonId": "019dd9e1-4fab-7168-a82f-b847350a006d", "version": 1, "bodyDocId": null, "description": "Tabular layouts of structured data.", "familyLabel": null, "categoryName": null, "categorySlug": null }, "agent": null, "layer": "slide", "agents": null, "matchId": "58851bf7-863f-4162-8890-6855e2a38c0e", "evidence": "table/data: Summit Same Store (1) 71 11,120 - - - 2021 Acquisitions 2 230 2H 2021 $59M $254K 10-11% NCI Portfolio 27 3,709 Q1 2022 $822M $209K (2) 8-9% AC / Element Miami 2 264 Q2 2022 $89M $337K 8-9% Onera Fredericksbur", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.9, "extraction": { "at": "2026-07-17 01:45:50.307735+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 20, "whyItWorks": null, "antipattern": null, "cardinality": "common", "narrativePurpose": null }, { "tool": { "name": "Chartjunk Elimination", "slug": "chartjunk-elimination", "status": "active", "bestFor": null, "canonId": "019dd956-b49e-7453-ab01-b60f338eeda1", "version": 1, "bodyDocId": null, "description": "Remove decorative elements that don't convey data: 3D effects, shadows, unnecessary gridlines", "familyLabel": null, "categoryName": "Slide", "categorySlug": "slide" }, "agent": "Designer", "layer": "slide", "agents": [ "Designer" ], "matchId": "01f4f268-d424-47d4-8988-b36cd7cb5939", "evidence": "chart/bar-vertical: Onera Fredericksburg T12 RevPAR by Month $502 $375 $429 $421 $396 $431 $500 $452 $379 $305 $373 $427", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.7, "extraction": { "at": "2026-07-17 01:45:50.438711+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 22, "whyItWorks": null, "antipattern": null, "cardinality": null, "narrativePurpose": null }, { "tool": { "name": "2x2 matrix", "slug": "matrix-2x2", "status": "active", "bestFor": null, "canonId": "019dd9e1-50ab-72d1-8afb-3ab0a38e32a8", "version": 1, "bodyDocId": null, "description": "BCG matrix, importance/urgency, any axes-and-quadrants frame.", "familyLabel": null, "categoryName": null, "categorySlug": null }, "agent": null, "layer": "slide", "agents": null, "matchId": "012d316a-dce0-45c8-92d4-b0a6fa73efcc", "evidence": "chart/pie: Limited Variable-Rate Debt Exposure", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.5, "extraction": { "at": "2026-07-17 01:45:50.575288+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 26, "whyItWorks": null, "antipattern": null, "cardinality": "common", "narrativePurpose": null }, { "tool": { "name": "Waterfall chart", "slug": "waterfall-chart", "status": "active", "bestFor": null, "canonId": "e2799da3-725f-44a9-a093-570f1f388e64", "version": 1, "bodyDocId": null, "description": null, "familyLabel": null, "categoryName": null, "categorySlug": null }, "agent": null, "layer": "slide", "agents": null, "matchId": "867b2940-3f24-4f1f-8688-d4567152dac8", "evidence": "chart/bar-vertical: Extended Swap Maturities", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.7, "extraction": { "at": "2026-07-17 01:45:50.538211+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 26, "whyItWorks": null, "antipattern": null, "cardinality": null, "narrativePurpose": null }, { "tool": { "name": "List presentation", "slug": "list-presentation", "status": "active", "bestFor": null, "canonId": "019dd9e1-4ef7-777d-ba68-9074c2b3bcf1", "version": 1, "bodyDocId": null, "description": "Bulleted, numbered, or checklist enumerations.", "familyLabel": null, "categoryName": null, "categorySlug": null }, "agent": null, "layer": "slide", "agents": null, "matchId": "53dcbe31-b316-488e-9cb5-69e9f39e55ed", "evidence": "list/bullet: Provide increased career development opportunities", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.8, "extraction": { "at": "2026-07-17 01:45:50.686872+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 28, "whyItWorks": null, "antipattern": null, "cardinality": "common", "narrativePurpose": null }, { "tool": { "name": "Chartjunk Elimination", "slug": "chartjunk-elimination", "status": "active", "bestFor": null, "canonId": "019dd956-b49e-7453-ab01-b60f338eeda1", "version": 1, "bodyDocId": null, "description": "Remove decorative elements that don't convey data: 3D effects, shadows, unnecessary gridlines", "familyLabel": null, "categoryName": "Slide", "categorySlug": "slide" }, "agent": "Designer", "layer": "slide", "agents": [ "Designer" ], "matchId": "3d0c1254-e786-4eb8-9def-f75b790528cf", "evidence": "chart/donut: Hotel Employees", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.7, "extraction": { "at": "2026-07-17 01:45:50.758968+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 29, "whyItWorks": null, "antipattern": null, "cardinality": null, "narrativePurpose": null } ], "frameworks": [], "patterns": [] }, "storymakers": null, "score": null, "review": null, "activistThesis": null, "pitchdeck": { "metadata": null, "profile": null }, "slides": [ { "page": 1, "type": "setup", "function": "front_matter", "imagePath": "https://imgproxy.kitesheet.com/skr8CDnt-hjTIZ2raUc0Dwt_CzQqQh6M5AZXK8ZJBtQ/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9iMGU0MjQ0ZDlhNWY5MTNjOGYzNmY1NGZjMmY3NWZkMi9wMDAxLmpwZw", "rawType": "cover", "block": null, "metadata": { "slideType": "cover", "slideTypeCanon": { "name": "Cover", "slug": "cover", "status": "active", "canonId": "019de52d-05f2-729d-9f93-e0504f0a2410", "version": 1, "description": null }, "function": "front_matter", "functionCanon": { "name": "Front matter", "slug": "front_matter", "status": "active", "canonId": "019de52d-133d-73f0-9e26-201eda96b098", "version": 1, "description": null }, "density": "dense", "densityScore": 69, "componentCount": 11, "textChars": 356, "nDataPoints": 0, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:34:47.181+00", "seconds": 6.187, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d78a-72df-bdfc-ab4dfa1610c2/1", "deck": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2", "deckAnchor": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2#slide-1", "deckJson": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2.json" }, "components": [ { "bbox": { "h": 0.16, "w": 0.57, "x": 0.099, "y": 0.42 }, "kind": "image", "text": "SUMMIT HOTEL PROPERTIES", "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Logo", "slug": "logo", "status": "active", "canonId": "019de52c-fdaf-743d-94c4-d7c6a0e55302", "version": 1, "description": null }, "framework": null }, "subkind": "logo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:47.181+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "a2364f60-3382-4f60-a4a2-8b41978c57b9", "parentComponentId": null }, { "bbox": { "h": 0.32, "w": 0.24, "x": 0.5, "y": 0.679 }, "kind": "image", "text": "Canopy by Hilton - Frisco Hilton", "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Photo", "slug": "photo", "status": "active", "canonId": "019de52c-fd37-757f-b4a8-ca26d4888875", "version": 1, "description": null }, "framework": null }, "subkind": "photo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:47.181+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "2c8cb94d-d2d1-4611-80ee-9fc343007022", "parentComponentId": null }, { "bbox": { "h": 0.32, "w": 0.24, "x": 0.001, "y": 0.001 }, "kind": "image", "text": "Residence Inn - Portland Downtown Marriott", "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Photo", "slug": "photo", "status": "active", "canonId": "019de52c-fd37-757f-b4a8-ca26d4888875", "version": 1, "description": null }, "framework": null }, "subkind": "photo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:47.181+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "3392ba3d-c072-4922-9bef-30664e2562ba", "parentComponentId": null }, { "bbox": { "h": 0.32, "w": 0.249, "x": 0.75, "y": 0.001 }, "kind": "image", "text": "Residence Inn - Steamboat Springs Marriott", "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Photo", "slug": "photo", "status": "active", "canonId": "019de52c-fd37-757f-b4a8-ca26d4888875", "version": 1, "description": null }, "framework": null }, "subkind": "photo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:47.181+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "44ba2b9a-a79d-427a-83b0-5f32ac563cb5", "parentComponentId": null }, { "bbox": { "h": 0.32, "w": 0.24, "x": 0.25, "y": 0.001 }, "kind": "image", "text": "Residence Inn - Boston Watertown Marriott", "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Photo", "slug": "photo", "status": "active", "canonId": "019de52c-fd37-757f-b4a8-ca26d4888875", "version": 1, "description": null }, "framework": null }, "subkind": "photo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:47.181+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "6765001a-1318-4242-880a-267c74e2680c", "parentComponentId": null }, { "bbox": { "h": 0.32, "w": 0.24, "x": 0.5, "y": 0.001 }, "kind": "image", "text": "Courtyard - Pittsburgh Downtown Marriott", "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Photo", "slug": "photo", "status": "active", "canonId": "019de52c-fd37-757f-b4a8-ca26d4888875", "version": 1, "description": null }, "framework": null }, "subkind": "photo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:47.181+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "6f794ba1-e18c-4bac-b85e-a31de2171493", "parentComponentId": null }, { "bbox": { "h": 0.32, "w": 0.249, "x": 0.75, "y": 0.679 }, "kind": "image", "text": "AC Hotel - Houston Marriott", "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Photo", "slug": "photo", "status": "active", "canonId": "019de52c-fd37-757f-b4a8-ca26d4888875", "version": 1, "description": null }, "framework": null }, "subkind": "photo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:47.181+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "89b6804e-94bf-4824-8a12-3609c6b49ddf", "parentComponentId": null }, { "bbox": { "h": 0.32, "w": 0.24, "x": 0.25, "y": 0.679 }, "kind": "image", "text": "AC Hotel - Oklahoma City Bricktown Marriott", "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Photo", "slug": "photo", "status": "active", "canonId": "019de52c-fd37-757f-b4a8-ca26d4888875", "version": 1, "description": null }, "framework": null }, "subkind": "photo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:47.181+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "e2db7be7-f95a-4519-b814-df83fd0d4dd5", "parentComponentId": null }, { "bbox": { "h": 0.32, "w": 0.24, "x": 0.001, "y": 0.679 }, "kind": "image", "text": "Hyatt House - Orlando Universal Hyatt", "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Photo", "slug": "photo", "status": "active", "canonId": "019de52c-fd37-757f-b4a8-ca26d4888875", "version": 1, "description": null }, "framework": null }, "subkind": "photo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:47.181+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "f63c8dab-5978-4f0d-9c65-3737d6110916", "parentComponentId": null }, { "bbox": { "h": 0.08, "w": 0.15, "x": 0.802, "y": 0.407 }, "kind": "paragraph", "text": "INVESTOR\nPRESENTATION", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:47.181+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "0f4937dc-282a-4e64-9bdf-96eaa117bfd7", "parentComponentId": null }, { "bbox": { "h": 0.05, "w": 0.07, "x": 0.84, "y": 0.53 }, "kind": "paragraph", "text": "MAY\n2023", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:47.181+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "6b296724-eb3f-4cf1-902c-176125ed903d", "parentComponentId": null } ], "metrics": [], "tools": [ { "tool": { "name": "Slide recipe: Cover", "slug": "cover-slide", "status": "active", "bestFor": null, "canonId": "019df269-2a08-767d-9128-e7431e6fe8a3", "version": 1, "bodyDocId": "019df269-29e5-7738-b5fa-6892e5dc8e65", "description": "The first ten seconds. Build it deliberately.", "familyLabel": "slide-recipe", "categoryName": "Slide", "categorySlug": "slide" }, "agent": "designer", "layer": "slide", "agents": [ "designer" ], "matchId": "8f783fb9-ab2a-4f3a-a5e2-4ac8f9ac7506", "evidence": "SUMMIT HOTEL PROPERTIES, INVESTOR PRESENTATION, MAY 2023", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.9, "extraction": { "at": "2026-07-17 04:00:00.709114+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 1, "whyItWorks": null, "antipattern": null, "cardinality": null, "narrativePurpose": null } ], "frameworks": [], "arcBeats": [], "loops": [], "thumbSrc": "https://imgproxy.kitesheet.com/PV1x5WLaz1_XaSd-PP_7Mb3F4qZ_vbFUK5T_k488iKo/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9iMGU0MjQ0ZDlhNWY5MTNjOGYzNmY1NGZjMmY3NWZkMi9wMDAxLmpwZw", "imagePathAlt": "https://imgproxy.kitesheet.com/6gxqIT6gWSbmevfjMj9UhFfV3OBPiZVQoFHC0S-Bo-Y/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9iMGU0MjQ0ZDlhNWY5MTNjOGYzNmY1NGZjMmY3NWZkMi9wMDAxLnBuZw", "thumbSrcAlt": "https://imgproxy.kitesheet.com/VuwEF7YJHDDMLRsm_2ub6V0JkJZa8NasgGH8ogikpnw/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9iMGU0MjQ0ZDlhNWY5MTNjOGYzNmY1NGZjMmY3NWZkMi9wMDAxLnBuZw" }, { "page": 2, "type": "setup", "function": "appendix", "rawType": "disclaimer", "block": null, "metadata": { "slideType": "disclaimer", "slideTypeCanon": { "name": "Disclaimer", "slug": "disclaimer", "status": "active", "canonId": "019de52d-0801-727b-b98a-5ed095aeee78", "version": 1, "description": null }, "function": "appendix", "functionCanon": { "name": "Appendix", "slug": "appendix", "status": "active", "canonId": "019de52d-138d-750b-83c3-49b4bc7a7a38", "version": 1, "description": null }, "density": "overcrowded", "densityScore": 77, "componentCount": 7, "textChars": 3592, "nDataPoints": 0, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:34:48.832+00", "seconds": 7.604, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d78a-72df-bdfc-ab4dfa1610c2/2", "deck": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2", "deckAnchor": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2#slide-2", "deckJson": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2.json" }, "components": [ { "bbox": { "h": 0.03, "w": 0.13, "x": 0.435, "y": 0.946 }, "kind": "image", "text": "SUMMIT HOTEL PROPERTIES", "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Logo", "slug": "logo", "status": "active", "canonId": "019de52c-fdaf-743d-94c4-d7c6a0e55302", "version": 1, "description": null }, "framework": null }, "subkind": "logo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:48.832+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "9d96acb2-8c80-4e26-9fbd-7aed0dc00b15", "parentComponentId": null }, { "bbox": { "h": 0.38, "w": 0.545, "x": 0.25, "y": 0.202 }, "kind": "list", "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.", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:48.832+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "d38cb5a7-de5f-49cb-8dc6-4458e4dd7df2", "parentComponentId": null }, { "bbox": { "h": 0.21, "w": 0.585, "x": 0.21, "y": 0.61 }, "kind": "paragraph", "text": "Forward-looking statements are based on our beliefs, assumptions and expectations of our future performance, taking into account information currently available to us. You should not place undue reliance on these forward-looking statements. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to us. These factors are discussed under \"Item 1A. Risk Factors\" in our Annual Report on Form 10-K for the year ended December 31, 2022, and in other documents we have filed with the Securities and Exchange Commission. If a change occurs, our business, financial condition, liquidity and results of operations may vary materially from those expressed in our forward-looking statements. Any forward-looking statement is effective only as of the date on which it is made. New risks and uncertainties arise over time, and it is not possible for us to predict those events or how they may affect us. Except as required by law we are not obligated to, and do not intend to, publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:48.832+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "2b215b8f-4944-4a18-af2f-56896562136d", "parentComponentId": null }, { "bbox": { "h": 0.06, "w": 0.585, "x": 0.21, "y": 0.843 }, "kind": "paragraph", "text": "Additionally, this presentation contains certain unaudited historical and pro forma information and metrics which are based or calculated from historical data that is maintained or produced by Summit or third parties. This presentation contain statistics and other data that may have been obtained from, or compiled from, information made available by third-parties.", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:48.832+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "94708d98-7d73-42fb-b7b2-1a4287b40e4d", "parentComponentId": null }, { "bbox": { "h": 0.11, "w": 0.585, "x": 0.21, "y": 0.075 }, "kind": "paragraph", "text": "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, and objectives. When we use the words \"believe,\" \"expect,\" \"anticipate,\" \"estimate,” “plan,\" \"continue,\" \"intend,\" \"should,\" \"may,\" or similar expressions, we intend to identify forward-looking statements. Statements regarding the following subjects, among others, may be forward-looking by their nature:", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:48.832+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "9a191922-3dea-49a6-9a38-dac760049504", "parentComponentId": null }, { "bbox": { "h": 0.01, "w": 0.18, "x": 0.805, "y": 0.975 }, "kind": "source-note", "text": "AC Hotel / Residence Inn Frisco Station", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:48.832+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "92a19e3b-777a-442a-930e-3889f36e7620", "parentComponentId": null }, { "bbox": { "h": 0.03, "w": 0.49, "x": 0.346, "y": 0.03 }, "kind": "title", "text": "Forward Looking Statements", "attrs": {}, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:48.832+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "01f27751-99e6-4bd5-a143-5d2ba83c0c40", "parentComponentId": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [], "loops": [], "locked": true }, { "page": 3, "type": "setup", "function": "summarize", "rawType": "executive_summary", "block": null, "metadata": { "slideType": "executive_summary", "slideTypeCanon": { "name": "Executive summary", "slug": "executive_summary", "status": "active", "canonId": "019de52d-06be-73ff-81b3-f99fe7f0025e", "version": 1, "description": null }, "function": "summarize", "functionCanon": { "name": "Summarize", "slug": "summarize", "status": "active", "canonId": "019de52d-1541-704f-b86f-bf7b75056373", "version": 1, "description": null }, "density": "overcrowded", "densityScore": 96, "componentCount": 25, "textChars": 977, "nDataPoints": 9, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:34:54.146+00", "seconds": 12.208, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d78a-72df-bdfc-ab4dfa1610c2/3", "deck": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2", "deckAnchor": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2#slide-3", "deckJson": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2.json" }, "components": [ { "bbox": { "h": 0.01, "w": 0.05, "x": 0.387, "y": 0.54 }, "kind": "image", "text": "HYATT", "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Logo", "slug": "logo", "status": "active", "canonId": "019de52c-fdaf-743d-94c4-d7c6a0e55302", "version": 1, "description": null }, "framework": null }, "subkind": "logo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:54.146+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "09a0963d-e7b6-4e91-b317-f33920725e3c", "parentComponentId": null }, { "bbox": { "h": 0.02, "w": 0.05, "x": 0.387, "y": 0.46 }, "kind": "image", "text": "Marriott INTERNATIONAL", "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Logo", "slug": "logo", "status": "active", "canonId": "019de52c-fdaf-743d-94c4-d7c6a0e55302", "version": 1, "description": null }, "framework": null }, "subkind": "logo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:54.146+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "68b68d75-8a94-494a-b5fe-2e438297ab56", "parentComponentId": null }, { "bbox": { "h": 0.02, "w": 0.05, "x": 0.387, "y": 0.51 }, "kind": "image", "text": "Hilton HOTELS & RESORTS", "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Logo", "slug": "logo", "status": "active", "canonId": "019de52c-fdaf-743d-94c4-d7c6a0e55302", "version": 1, "description": null }, "framework": null }, "subkind": "logo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:54.146+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "c7df3e8c-efea-4200-a080-5786ae19569f", "parentComponentId": null }, { "bbox": { "h": 0.68, "w": 0.29, "x": 0.67, "y": 0.205 }, "kind": "image", "text": "AC Hotel Downtown Dallas", "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Photo", "slug": "photo", "status": "active", "canonId": "019de52c-fd37-757f-b4a8-ca26d4888875", "version": 1, "description": null }, "framework": null }, "subkind": "photo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:54.146+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "16edc6dc-1c65-49b5-a2c6-978854345181", "parentComponentId": null }, { "bbox": { "h": 0.015, "w": 0.17, "x": 0.51, "y": 0.63 }, "kind": "list", "text": "Portfolio RevPAR Index (3,4)", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:54.146+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "0bc001d1-2972-431e-9e85-9a84a820242e", "parentComponentId": null }, { "bbox": { "h": 0.015, "w": 0.15, "x": 0.299, "y": 0.87 }, "kind": "list", "text": "Recent Acquisitions", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:54.146+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "18e18f2b-5292-4465-8797-98ee794a37ad", "parentComponentId": null }, { "bbox": { "h": 0.015, "w": 0.12, "x": 0.086, "y": 0.87 }, "kind": "list", "text": "GOP Margin (1,5)", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:54.146+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "250101f4-25bb-47f2-9a2c-f508fb8ed937", "parentComponentId": null }, { "bbox": { "h": 0.015, "w": 0.17, "x": 0.299, "y": 0.63 }, "kind": "list", "text": "Franchisor Contribution (1,2)", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:54.146+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "67cea3f1-4210-4c8c-ab5f-37ac50e13b22", "parentComponentId": null }, { "bbox": { "h": 0.015, "w": 0.09, "x": 0.51, "y": 0.38 }, "kind": "list", "text": "Markets (1)", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:54.146+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "b0beab8e-e09f-4980-a190-a33edce43923", "parentComponentId": null }, { "bbox": { "h": 0.015, "w": 0.16, "x": 0.51, "y": 0.87 }, "kind": "list", "text": "2023E RevPAR Growth (6)", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:54.146+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "c2e6765d-43ec-4744-bcb3-f08fb566f459", "parentComponentId": null }, { "bbox": { "h": 0.015, "w": 0.15, "x": 0.086, "y": 0.63 }, "kind": "list", "text": "Top 50 Markets (1,2)", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:54.146+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "cd2c59ce-3b98-44ba-b116-e7d97414e200", "parentComponentId": null }, { "bbox": { "h": 0.015, "w": 0.15, "x": 0.086, "y": 0.38 }, "kind": "list", "text": "Lodging Assets (1)", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:54.146+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "e926ab3c-6b09-4270-b9b5-324661dd5d58", "parentComponentId": null }, { "bbox": { "h": 0.015, "w": 0.12, "x": 0.299, "y": 0.38 }, "kind": "list", "text": "Guestrooms (1)", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:54.146+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "fbb1643f-3fa8-4abb-a8ac-80fa2a72292d", "parentComponentId": null }, { "bbox": { "h": 0.03, "w": 0.109, "x": 0.299, "y": 0.75 }, "kind": "metric", "text": "~$975M", "attrs": {}, "canon": { "kind": { "name": "Metric", "slug": "metric", "status": "active", "canonId": "019de52c-f923-73bf-8081-d0b1a8c5264d", "version": 1, "description": "Big-number or KPI value." }, "tool": null, "subkind": { "name": "Big number", "slug": "big-number", "status": "active", "canonId": "019de52c-fc70-70c8-b965-0584548a9204", "version": 1, "description": null }, "framework": null }, "subkind": "big-number", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:54.146+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "0967df29-59e8-4931-a280-0f0f508f945a", "parentComponentId": null }, { "bbox": { "h": 0.03, "w": 0.03, "x": 0.54, "y": 0.26 }, "kind": "metric", "text": "43", "attrs": {}, "canon": { "kind": { "name": "Metric", "slug": "metric", "status": "active", "canonId": "019de52c-f923-73bf-8081-d0b1a8c5264d", "version": 1, "description": "Big-number or KPI value." }, "tool": null, "subkind": { "name": "Big number", "slug": "big-number", "status": "active", "canonId": "019de52c-fc70-70c8-b965-0584548a9204", "version": 1, "description": null }, "framework": null }, "subkind": "big-number", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:54.146+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "36f2c9b7-c230-4d1d-acb9-5156452776ef", "parentComponentId": null }, { "bbox": { "h": 0.03, "w": 0.12, "x": 0.51, "y": 0.75 }, "kind": "metric", "text": "+6% to 11%", "attrs": {}, "canon": { "kind": { "name": "Metric", "slug": "metric", "status": "active", "canonId": "019de52c-f923-73bf-8081-d0b1a8c5264d", "version": 1, "description": "Big-number or KPI value." }, "tool": null, "subkind": { "name": "Big number", "slug": "big-number", "status": "active", "canonId": "019de52c-fc70-70c8-b965-0584548a9204", "version": 1, "description": null }, "framework": null }, "subkind": "big-number", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:54.146+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "48b7476d-fab9-4e62-a1ea-d9fa8dd64ce8", "parentComponentId": null }, { "bbox": { "h": 0.03, "w": 0.05, "x": 0.306, "y": 0.51 }, "kind": "metric", "text": "95%", "attrs": {}, "canon": { "kind": { "name": "Metric", "slug": "metric", "status": "active", "canonId": "019de52c-f923-73bf-8081-d0b1a8c5264d", "version": 1, "description": "Big-number or KPI value." }, "tool": null, "subkind": { "name": "Big number", "slug": "big-number", "status": "active", "canonId": "019de52c-fc70-70c8-b965-0584548a9204", "version": 1, "description": null }, "framework": null }, "subkind": "big-number", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:54.146+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "81e2f6c1-3e7d-42c6-b152-13f8546dfed9", "parentComponentId": null }, { "bbox": { "h": 0.03, "w": 0.05, "x": 0.14, "y": 0.75 }, "kind": "metric", "text": "45%", "attrs": {}, "canon": { "kind": { "name": "Metric", "slug": "metric", "status": "active", "canonId": "019de52c-f923-73bf-8081-d0b1a8c5264d", "version": 1, "description": "Big-number or KPI value." }, "tool": null, "subkind": { "name": "Big number", "slug": "big-number", "status": "active", "canonId": "019de52c-fc70-70c8-b965-0584548a9204", "version": 1, "description": null }, "framework": null }, "subkind": "big-number", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:54.146+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "a9f1f1c5-cfbf-4232-88ee-ec72ff89de42", "parentComponentId": null }, { "bbox": { "h": 0.03, "w": 0.05, "x": 0.14, "y": 0.51 }, "kind": "metric", "text": "86%", "attrs": {}, "canon": { "kind": { "name": "Metric", "slug": "metric", "status": "active", "canonId": "019de52c-f923-73bf-8081-d0b1a8c5264d", "version": 1, "description": "Big-number or KPI value." }, "tool": null, "subkind": { "name": "Big number", "slug": "big-number", "status": "active", "canonId": "019de52c-fc70-70c8-b965-0584548a9204", "version": 1, "description": null }, "framework": null }, "subkind": "big-number", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:54.146+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "cd35d1b4-2fa2-4df1-a000-ab5f16a840f0", "parentComponentId": null }, { "bbox": { "h": 0.03, "w": 0.06, "x": 0.136, "y": 0.26 }, "kind": "metric", "text": "103", "attrs": {}, "canon": { "kind": { "name": "Metric", "slug": "metric", "status": "active", "canonId": "019de52c-f923-73bf-8081-d0b1a8c5264d", "version": 1, "description": "Big-number or KPI value." }, "tool": null, "subkind": { "name": "Big number", "slug": "big-number", "status": "active", "canonId": "019de52c-fc70-70c8-b965-0584548a9204", "version": 1, "description": null }, "framework": null }, "subkind": "big-number", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:54.146+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "cef55ff8-d4d5-46c8-b907-3c847a3ed43a", "parentComponentId": null }, { "bbox": { "h": 0.03, "w": 0.099, "x": 0.302, "y": 0.26 }, "kind": "metric", "text": "15,334", "attrs": {}, "canon": { "kind": { "name": "Metric", "slug": "metric", "status": "active", "canonId": "019de52c-f923-73bf-8081-d0b1a8c5264d", "version": 1, "description": "Big-number or KPI value." }, "tool": null, "subkind": { "name": "Big number", "slug": "big-number", "status": "active", "canonId": "019de52c-fc70-70c8-b965-0584548a9204", "version": 1, "description": null }, "framework": null }, "subkind": "big-number", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:54.146+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "e68ce1ec-a23b-4d93-9b7e-17d8a5b1fc8a", "parentComponentId": null }, { "bbox": { "h": 0.03, "w": 0.05, "x": 0.53, "y": 0.51 }, "kind": "metric", "text": "112", "attrs": {}, "canon": { "kind": { "name": "Metric", "slug": "metric", "status": "active", "canonId": "019de52c-f923-73bf-8081-d0b1a8c5264d", "version": 1, "description": "Big-number or KPI value." }, "tool": null, "subkind": { "name": "Big number", "slug": "big-number", "status": "active", "canonId": "019de52c-fc70-70c8-b965-0584548a9204", "version": 1, "description": null }, "framework": null }, "subkind": "big-number", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:54.146+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "e849df2d-76fc-457e-bbc8-fb401ee00242", "parentComponentId": null }, { "bbox": { "h": 0.04, "w": 0.91, "x": 0.046, "y": 0.13 }, "kind": "paragraph", "text": "Summit Hotel Properties (NYSE: INN) is a leading publicly-traded REIT focused on owning premium-branded lodging assets with efficient operating models primarily in the upscale segment of the lodging industry", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:54.146+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "664ee569-d7f9-46ab-afca-f5ea5b86dee6", "parentComponentId": null }, { "bbox": { "h": 0.07, "w": 0.605, "x": 0.046, "y": 0.91 }, "kind": "source-note", "text": "(1) Based on 103 lodging assets owned as of May 3, 2023.\n(2) Based on guestroom count for the 103 lodging assets owned as of May 3, 2023.\n(3) Based on 102 lodging assets (excluding Onera Fredericksburg) owned as of May 3, 2023.\n(4) Based on STR data for the twelve months ending March 31, 2023.\n(5) Based on pro forma financials for the twelve months ended March 31, 2023.\n(6) Based on full year 2023 guidance ranges for 103 lodging assets owned as of May 3, 2023.", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:54.146+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "7ba42145-5dba-4247-a196-08dd52ce8313", "parentComponentId": null }, { "bbox": { "h": 0.028, "w": 0.29, "x": 0.046, "y": 0.05 }, "kind": "title", "text": "Summit Overview", "attrs": {}, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:54.146+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "b1813346-b7ca-4d32-bbdf-99876747d0d8", "parentComponentId": null } ], "metrics": [], "tools": [ { "tool": { "name": "Audience Definition", "slug": "audience-definition", "status": "active", "bestFor": null, "canonId": "019dd956-7f2a-775d-aeee-ff099bcb7756", "version": 1, "bodyDocId": null, "description": "Six key questions: Who are they? What do they know? What do they believe? What do they care about? What do they fear? What decisions can they make?", "familyLabel": null, "categoryName": "Block", "categorySlug": "block" }, "agent": "Storyteller", "layer": "slide", "agents": [ "Storyteller" ], "matchId": "72a9740d-b8cd-406a-bee9-1a5f868678ee", "evidence": "The slide provides an overview of Summit Hotel Properties, indicating the audience is likely investors or potential investors.", "pageRefs": null, "priority": "Core", "whenToUse": null, "confidence": 0.7, "extraction": { "at": "2026-07-17 01:45:48.990628+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 3, "whyItWorks": null, "antipattern": null, "cardinality": null, "narrativePurpose": null }, { "tool": { "name": "Executive summary", "slug": "executive-summary", "status": "active", "bestFor": null, "canonId": "019dd9e1-4b63-72d5-9734-da757d91ca61", "version": 1, "bodyDocId": null, "description": "A condensed view of the entire argument on a single slide / block.", "familyLabel": null, "categoryName": null, "categorySlug": null }, "agent": null, "layer": "slide", "agents": null, "matchId": "b192139e-4cb3-478e-86db-e0f3f64f4fdd", "evidence": "This slide serves as a summary of key information about Summit Hotel Properties.", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.9, "extraction": { "at": "2026-07-17 01:45:48.946532+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 3, "whyItWorks": null, "antipattern": null, "cardinality": "common", "narrativePurpose": null } ], "frameworks": [], "arcBeats": [ { "to": 4, "arc": { "name": "The Sequoia Pitch", "slug": "sequoia-pitch", "status": "active", "bestFor": "Investor pitches, Series A/B, board presentations", "canonId": "019dd956-5e69-75a7-a0a4-895ac1bc0444", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem -> Solution -> Why Now -> Market Size -> Competition -> Product -> Business Model -> Team -> Financials -> The Ask", "description": null, "familyLabel": null }, "from": 3, "name": "Problem", "beatId": "7c3f96b8-0609-4319-9ac7-512e3d2a81d5", "matchId": "93d10d54-20f8-4234-b953-c2d1b78ee8cc", "beatType": { "name": "Problem", "slug": "sequoia-pitch-problem", "status": "active", "canonId": "019dd9b8-1ed4-767b-8e05-40e733bd2311", "version": 1, "description": null }, "evidence": "The document presents an overview of the company and the investment thesis.", "position": 0, "isPrimaryArc": true, "parentBeatType": { "name": "Complication", "slug": "complication", "status": "active", "canonId": "019dd9b8-0275-7709-b2d6-4f77c3fc7579", "version": 1, "description": "The point in the narrative where the audience should feel discomfort. Required for argumentative arcs." }, "alignedBlockIds": null, "matchConfidence": 0.8 } ], "loops": [], "locked": true }, { "page": 4, "type": "setup", "function": "establish_context", "rawType": "thesis_headline", "block": null, "metadata": { "slideType": "thesis_headline", "slideTypeCanon": { "name": "Thesis headline", "slug": "thesis_headline", "status": "active", "canonId": "019de52d-073a-70cb-b9f6-772a597bb5af", "version": 1, "description": null }, "function": "establish_context", "functionCanon": { "name": "Establish context", "slug": "establish_context", "status": "active", "canonId": "019de52d-1314-74e6-9074-d213dc0bdcdf", "version": 1, "description": null }, "density": "sparse", "densityScore": 10, "componentCount": 3, "textChars": 47, "nDataPoints": 0, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:34:45.376+00", "seconds": 3.38, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d78a-72df-bdfc-ab4dfa1610c2/4", "deck": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2", "deckAnchor": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2#slide-4", "deckJson": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2.json" }, "components": [ { "bbox": { "h": 1, "w": 1, "x": 0, "y": 0 }, "kind": "image", "text": null, "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Photo", "slug": "photo", "status": "active", "canonId": "019de52c-fd37-757f-b4a8-ca26d4888875", "version": 1, "description": null }, "framework": null }, "subkind": "photo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:45.376+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "ebdda929-157c-40a4-ac4e-22142e0c7e02", "parentComponentId": null }, { "bbox": { "h": 0.0139, "w": 0.1667, "x": 0.7958, "y": 0.9708 }, "kind": "source-note", "text": "AC Hotel Frisco Station", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:45.376+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "0739b2ab-bb04-4b9c-a07d-c84bb66ad343", "parentComponentId": null }, { "bbox": { "h": 0.0417, "w": 0.475, "x": 0.2625, "y": 0.1611 }, "kind": "title", "text": "SUMMIT INVESTMENT THESIS", "attrs": {}, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:45.376+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "b27bedc6-31fe-4b06-8fef-e565faf47a9b", "parentComponentId": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 4, "arc": { "name": "The Sequoia Pitch", "slug": "sequoia-pitch", "status": "active", "bestFor": "Investor pitches, Series A/B, board presentations", "canonId": "019dd956-5e69-75a7-a0a4-895ac1bc0444", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem -> Solution -> Why Now -> Market Size -> Competition -> Product -> Business Model -> Team -> Financials -> The Ask", "description": null, "familyLabel": null }, "from": 3, "name": "Problem", "beatId": "7c3f96b8-0609-4319-9ac7-512e3d2a81d5", "matchId": "93d10d54-20f8-4234-b953-c2d1b78ee8cc", "beatType": { "name": "Problem", "slug": "sequoia-pitch-problem", "status": "active", "canonId": "019dd9b8-1ed4-767b-8e05-40e733bd2311", "version": 1, "description": null }, "evidence": "The document presents an overview of the company and the investment thesis.", "position": 0, "isPrimaryArc": true, "parentBeatType": { "name": "Complication", "slug": "complication", "status": "active", "canonId": "019dd9b8-0275-7709-b2d6-4f77c3fc7579", "version": 1, "description": "The point in the narrative where the audience should feel discomfort. Required for argumentative arcs." }, "alignedBlockIds": null, "matchConfidence": 0.8 } ], "loops": [], "locked": true }, { "page": 5, "type": "appendix", "function": "present_framework", "rawType": "other", "block": null, "metadata": { "slideType": "other", "slideTypeCanon": { "name": "Other (fallback)", "slug": "other", "status": "active", "canonId": "019de52d-0af5-71ed-83de-d51ae245fc43", "version": 1, "description": null }, "function": "present_framework", "functionCanon": { "name": "Present framework", "slug": "present_framework", "status": "active", "canonId": "019de52d-1403-7667-9100-d2ac6709f750", "version": 1, "description": null }, "density": "dense", "densityScore": 67, "componentCount": 8, "textChars": 438, "nDataPoints": 0, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:34:50.819+00", "seconds": 7.981, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d78a-72df-bdfc-ab4dfa1610c2/5", "deck": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2", "deckAnchor": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2#slide-5", "deckJson": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2.json" }, "components": [ { "bbox": { "h": 0.2087912087912088, "w": 0.9972222222222222, "x": 0.001388888888888889, "y": 0.12087912087912088 }, "kind": "image", "text": null, "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Photo", "slug": "photo", "status": "active", "canonId": "019de52c-fd37-757f-b4a8-ca26d4888875", "version": 1, "description": null }, "framework": null }, "subkind": "photo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:50.819+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "eae58119-caeb-4e42-a176-c3125101b8bc", "parentComponentId": null }, { "bbox": { "h": 0.04175824175824176, "w": 0.9166666666666666, "x": 0.041666666666666664, "y": 0.3923076923076923 }, "kind": "list", "text": "Efficient Operating Model and Best-in-Class Platform Drives Profitability", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:50.819+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "6b2b928e-3d02-44d6-912d-669c08b90351", "parentComponentId": null }, { "bbox": { "h": 0.04175824175824176, "w": 0.9166666666666666, "x": 0.041666666666666664, "y": 0.6263736263736264 }, "kind": "list", "text": "Strong Balance Sheet and Liquidity Support Future Growth", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:50.819+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "8662760c-9838-46b3-8211-0e59b72b76b0", "parentComponentId": null }, { "bbox": { "h": 0.04175824175824176, "w": 0.9166666666666666, "x": 0.041666666666666664, "y": 0.4703296703296703 }, "kind": "list", "text": "Premier Portfolio with Broad Geographic Diversification and Concentration in High Growth Sun Belt Markets", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:50.819+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "9fa384aa-d333-48a2-8965-e28b35af1474", "parentComponentId": null }, { "bbox": { "h": 0.04175824175824176, "w": 0.9166666666666666, "x": 0.041666666666666664, "y": 0.7043956043956044 }, "kind": "list", "text": "Leading Environmental, Social, and Governance Program", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:50.819+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "e2c76a67-9399-49a1-886a-750b0b74b6d8", "parentComponentId": null }, { "bbox": { "h": 0.04175824175824176, "w": 0.9166666666666666, "x": 0.041666666666666664, "y": 0.5483516483516484 }, "kind": "list", "text": "Targeted Capital Allocation Strategy with Proven Track Record of External Growth and Capital Recycling", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:50.819+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "eff9e4eb-968e-436b-82bd-2f7af65db487", "parentComponentId": null }, { "bbox": { "h": 0.015384615384615385, "w": 0.11944444444444445, "x": 0.8569444444444444, "y": 0.25824175824175827 }, "kind": "source-note", "text": "AC Hotel Frisco Station", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:50.819+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "ea50bc77-d772-4a29-9840-108cb051e058", "parentComponentId": null }, { "bbox": { "h": 0.027472527472527472, "w": 0.4472222222222222, "x": 0.044444444444444446, "y": 0.06043956043956044 }, "kind": "title", "text": "Proven Investment Strategy", "attrs": {}, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:50.819+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "533a4525-2b0c-4d08-91d8-485d7a83418e", "parentComponentId": null } ], "metrics": [], "tools": [ { "tool": { "name": "Thesis archetype", "slug": "thesis-archetype", "status": "active", "bestFor": null, "canonId": "019dd9e1-4b0b-7428-9b26-f171d1e753fb", "version": 1, "bodyDocId": null, "description": "A canonical investment / activist thesis shape (breakup, fraud, governance).", "familyLabel": null, "categoryName": null, "categorySlug": null }, "agent": null, "layer": "slide", "agents": null, "matchId": "1814315f-0520-4622-aab9-2668e317b6a2", "evidence": "The slide outlines a clear investment strategy, which is a common archetype for investment theses.", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.7, "extraction": { "at": "2026-07-17 01:45:49.122183+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 5, "whyItWorks": null, "antipattern": null, "cardinality": "optional", "narrativePurpose": null } ], "frameworks": [], "arcBeats": [ { "to": 10, "arc": { "name": "The Sequoia Pitch", "slug": "sequoia-pitch", "status": "active", "bestFor": "Investor pitches, Series A/B, board presentations", "canonId": "019dd956-5e69-75a7-a0a4-895ac1bc0444", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem -> Solution -> Why Now -> Market Size -> Competition -> Product -> Business Model -> Team -> Financials -> The Ask", "description": null, "familyLabel": null }, "from": 5, "name": "Solution", "beatId": "ccbddd78-7790-4a03-a40f-5517b33261e6", "matchId": "93d10d54-20f8-4234-b953-c2d1b78ee8cc", "beatType": { "name": "Solution", "slug": "sequoia-pitch-solution", "status": "active", "canonId": "019dd9b8-1fb1-71d9-a260-07738d7f9c2f", "version": 1, "description": null }, "evidence": "The document outlines Summit's efficient operating model and best-in-class platform.", "position": 1, "isPrimaryArc": true, "parentBeatType": { "name": "Turn", "slug": "turn", "status": "active", "canonId": "019dd9b8-0396-702b-ac2f-9901f8dd8b54", "version": 1, "description": "The pivot — solution proposed, catalyst introduced, decision made. Common (15/20 arcs) but not universal: Triple-take, AIDA, PAS, Voyage-return and Pixar substitute it with a strong reflection or development beat." }, "alignedBlockIds": null, "matchConfidence": 0.8 } ], "loops": [], "locked": true }, { "page": 6, "type": "setup", "function": "present_framework", "rawType": "business_model", "block": null, "metadata": { "slideType": "business_model", "slideTypeCanon": { "name": "Business model", "slug": "business_model", "status": "active", "canonId": "019de52d-0fa6-7104-86d0-e5781f8b8b45", "version": 1, "description": null }, "function": "present_framework", "functionCanon": { "name": "Present framework", "slug": "present_framework", "status": "active", "canonId": "019de52d-1403-7667-9100-d2ac6709f750", "version": 1, "description": null }, "density": "overcrowded", "densityScore": 89, "componentCount": 15, "textChars": 1703, "nDataPoints": 0, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:34:51.862+00", "seconds": 8.707, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d78a-72df-bdfc-ab4dfa1610c2/6", "deck": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2", "deckAnchor": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2#slide-6", "deckJson": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2.json" }, "components": [ { "bbox": { "h": 0.03, "w": 0.115, "x": 0.842, "y": 0.93 }, "kind": "image", "text": "SUMMIT HOTEL PROPERTIES", "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Logo", "slug": "logo", "status": "active", "canonId": "019de52c-fdaf-743d-94c4-d7c6a0e55302", "version": 1, "description": null }, "framework": null }, "subkind": "logo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:51.862+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "5f735c09-b983-4d89-83b3-a428775b7789", "parentComponentId": null }, { "bbox": { "h": 0.14, "w": 0.249, "x": 0.076, "y": 0.366 }, "kind": "list", "text": "Consistent on-site presence and collaboration with local management\nIndustry benchmarking and data analysis\nAnalyzing forward-looking data to proactively manage demand expectations rather than manage reactively", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:51.862+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "00253370-463e-45a0-b8f5-ef749b295c65", "parentComponentId": null }, { "bbox": { "h": 0.094, "w": 0.249, "x": 0.384, "y": 0.39 }, "kind": "list", "text": "Intensive asset management process provides better oversight and accountability of management companies\nExhaustive due diligence approach facilitates value creation", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:51.862+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "40938054-ecdb-46fa-ae8d-1c32eb683ede", "parentComponentId": null }, { "bbox": { "h": 0.127, "w": 0.249, "x": 0.384, "y": 0.679 }, "kind": "list", "text": "Flexible and favorable management terms\nHigh degree of engagement with key management company personnel\nUse of independent platforms eliminates conflicts of interest", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:51.862+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "9759bc17-af1c-4677-a051-47a99dc542c4", "parentComponentId": null }, { "bbox": { "h": 0.176, "w": 0.249, "x": 0.692, "y": 0.366 }, "kind": "list", "text": "Deep network of industry relationships facilitates off market transactions\nLeverage in-house asset management and design & construction to optimize market positioning and capital investment\nPartnership with GIC facilitates expanded acquisition opportunities and enhanced underwriting rigor", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:51.862+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "a7675650-5e10-4c5e-9012-5fb62cb3be0b", "parentComponentId": null }, { "bbox": { "h": 0.14, "w": 0.249, "x": 0.076, "y": 0.666 }, "kind": "list", "text": "Continuous renovation planning and oversight to ensure minimum revenue displacement\nCost savings achieved driven by fewer outsourcing needs for renovation activity\nIn-house design leads to more customized renovations", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:51.862+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "d416dc3c-9f60-4eb1-97d0-7ee97f3b6a14", "parentComponentId": null }, { "bbox": { "h": 0.114, "w": 0.249, "x": 0.692, "y": 0.68 }, "kind": "list", "text": "Business intelligence tools facilitate real-time data analytics\nData analytics used to implement revenue and asset management strategies designed to maximize hotel profitability", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:51.862+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "d9d2267a-e275-44dc-8621-c793ef4509cd", "parentComponentId": null }, { "bbox": { "h": 0.032, "w": 0.23, "x": 0.393, "y": 0.599 }, "kind": "other", "text": "Independent Management Companies", "attrs": {}, "canon": { "kind": { "name": "Other", "slug": "other", "status": "active", "canonId": "019de52c-fa90-743c-8bf6-20d1fbe82b6d", "version": 1, "description": "Fallback when no canonical kind applies." }, "tool": null, "subkind": { "name": "Unclassified", "slug": "unclassified", "status": "active", "canonId": "019de52d-05ca-77db-81fb-db7d4234bbc0", "version": 1, "description": null }, "framework": null }, "subkind": "unclassified", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:51.862+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "011d44d0-b811-4af8-bb28-609ed457e7b5", "parentComponentId": null }, { "bbox": { "h": 0.016, "w": 0.23, "x": 0.701, "y": 0.302 }, "kind": "other", "text": "Development & Acquisitions", "attrs": {}, "canon": { "kind": { "name": "Other", "slug": "other", "status": "active", "canonId": "019de52c-fa90-743c-8bf6-20d1fbe82b6d", "version": 1, "description": "Fallback when no canonical kind applies." }, "tool": null, "subkind": { "name": "Unclassified", "slug": "unclassified", "status": "active", "canonId": "019de52d-05ca-77db-81fb-db7d4234bbc0", "version": 1, "description": null }, "framework": null }, "subkind": "unclassified", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:51.862+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "5de95171-12c1-4427-8843-09d1449b913e", "parentComponentId": null }, { "bbox": { "h": 0.016, "w": 0.23, "x": 0.701, "y": 0.599 }, "kind": "other", "text": "Investment & Business Intelligence", "attrs": {}, "canon": { "kind": { "name": "Other", "slug": "other", "status": "active", "canonId": "019de52c-fa90-743c-8bf6-20d1fbe82b6d", "version": 1, "description": "Fallback when no canonical kind applies." }, "tool": null, "subkind": { "name": "Unclassified", "slug": "unclassified", "status": "active", "canonId": "019de52d-05ca-77db-81fb-db7d4234bbc0", "version": 1, "description": null }, "framework": null }, "subkind": "unclassified", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:51.862+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "875fd96c-4369-4a25-ab70-d7075ca16243", "parentComponentId": null }, { "bbox": { "h": 0.016, "w": 0.23, "x": 0.393, "y": 0.302 }, "kind": "other", "text": "In-House Asset Management", "attrs": {}, "canon": { "kind": { "name": "Other", "slug": "other", "status": "active", "canonId": "019de52c-fa90-743c-8bf6-20d1fbe82b6d", "version": 1, "description": "Fallback when no canonical kind applies." }, "tool": null, "subkind": { "name": "Unclassified", "slug": "unclassified", "status": "active", "canonId": "019de52d-05ca-77db-81fb-db7d4234bbc0", "version": 1, "description": null }, "framework": null }, "subkind": "unclassified", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:51.862+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "90d8601c-77cf-4db9-af8f-acf323b568df", "parentComponentId": null }, { "bbox": { "h": 0.016, "w": 0.23, "x": 0.085, "y": 0.599 }, "kind": "other", "text": "In-House Design & Construction", "attrs": {}, "canon": { "kind": { "name": "Other", "slug": "other", "status": "active", "canonId": "019de52c-fa90-743c-8bf6-20d1fbe82b6d", "version": 1, "description": "Fallback when no canonical kind applies." }, "tool": null, "subkind": { "name": "Unclassified", "slug": "unclassified", "status": "active", "canonId": "019de52d-05ca-77db-81fb-db7d4234bbc0", "version": 1, "description": null }, "framework": null }, "subkind": "unclassified", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:51.862+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "a3942a90-aa9e-4ab9-ba2e-fa6c87f620d1", "parentComponentId": null }, { "bbox": { "h": 0.016, "w": 0.23, "x": 0.085, "y": 0.302 }, "kind": "other", "text": "In-House Revenue Management", "attrs": {}, "canon": { "kind": { "name": "Other", "slug": "other", "status": "active", "canonId": "019de52c-fa90-743c-8bf6-20d1fbe82b6d", "version": 1, "description": "Fallback when no canonical kind applies." }, "tool": null, "subkind": { "name": "Unclassified", "slug": "unclassified", "status": "active", "canonId": "019de52d-05ca-77db-81fb-db7d4234bbc0", "version": 1, "description": null }, "framework": null }, "subkind": "unclassified", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:51.862+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "efe27ef5-9c3b-47ce-a9b1-0470682548e8", "parentComponentId": null }, { "bbox": { "h": 0.05, "w": 0.902, "x": 0.048, "y": 0.178 }, "kind": "paragraph", "text": "Summit's operating platform is built on its expertise and experience in revenue & asset management, design & construction, and capital allocation all underpinned by robust business intelligence and data analytics", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:51.862+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "003e6c1c-5d4c-4cac-bd84-2732af2d3f9c", "parentComponentId": null }, { "bbox": { "h": 0.025, "w": 0.879, "x": 0.045, "y": 0.06 }, "kind": "title", "text": "Efficient Operating Model and Best-in-Class Platform Drives Profitability", "attrs": {}, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:51.862+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "944702fa-19b7-48f4-9a83-42ab41aeddd8", "parentComponentId": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 10, "arc": { "name": "The Sequoia Pitch", "slug": "sequoia-pitch", "status": "active", "bestFor": "Investor pitches, Series A/B, board presentations", "canonId": "019dd956-5e69-75a7-a0a4-895ac1bc0444", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem -> Solution -> Why Now -> Market Size -> Competition -> Product -> Business Model -> Team -> Financials -> The Ask", "description": null, "familyLabel": null }, "from": 5, "name": "Solution", "beatId": "ccbddd78-7790-4a03-a40f-5517b33261e6", "matchId": "93d10d54-20f8-4234-b953-c2d1b78ee8cc", "beatType": { "name": "Solution", "slug": "sequoia-pitch-solution", "status": "active", "canonId": "019dd9b8-1fb1-71d9-a260-07738d7f9c2f", "version": 1, "description": null }, "evidence": "The document outlines Summit's efficient operating model and best-in-class platform.", "position": 1, "isPrimaryArc": true, "parentBeatType": { "name": "Turn", "slug": "turn", "status": "active", "canonId": "019dd9b8-0396-702b-ac2f-9901f8dd8b54", "version": 1, "description": "The pivot — solution proposed, catalyst introduced, decision made. Common (15/20 arcs) but not universal: Triple-take, AIDA, PAS, Voyage-return and Pixar substitute it with a strong reflection or development beat." }, "alignedBlockIds": null, "matchConfidence": 0.8 } ], "loops": [], "locked": true }, { "page": 7, "type": "evidence", "function": "show_traction", "rawType": "traction", "block": null, "metadata": { "slideType": "traction", "slideTypeCanon": { "name": "Traction", "slug": "traction", "status": "active", "canonId": "019de52d-0edd-72ab-820f-3ebc71a9c542", "version": 1, "description": null }, "function": "show_traction", "functionCanon": { "name": "Show traction", "slug": "show_traction", "status": "active", "canonId": "019de52d-16a8-756a-9b38-a7d35420561d", "version": 1, "description": null }, "density": "overcrowded", "densityScore": 84, "componentCount": 9, "textChars": 604, "nDataPoints": 6, "notes": null, "elementsJson": null, "confidence": 0.9, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:34:49.59+00", "seconds": 6.268, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d78a-72df-bdfc-ab4dfa1610c2/7", "deck": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2", "deckAnchor": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2#slide-7", "deckJson": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2.json" }, "components": [ { "bbox": { "h": 0.399, "w": 0.47, "x": 0.045, "y": 0.206 }, "kind": "chart", "text": "STR Upscale RevPAR (1) $105 $90 $75 $60 2009 2022 +58% $66 $104", "attrs": null, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Vertical bar chart", "slug": "bar-vertical", "status": "active", "canonId": "019de52c-fe9d-70f2-b3b7-a9ae294f5917", "version": 1, "description": null }, "framework": null }, "subkind": "bar-vertical", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:49.59+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "a2df212f-d9f3-42c4-a12d-0bec93c777c8", "parentComponentId": null }, { "bbox": { "h": 0.399, "w": 0.47, "x": 0.506, "y": 0.206 }, "kind": "chart", "text": "STR Upper-Upscale RevPAR (1) $140 $120 $100 $80 2009 2022 +49% $90 $134", "attrs": null, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Vertical bar chart", "slug": "bar-vertical", "status": "active", "canonId": "019de52c-fe9d-70f2-b3b7-a9ae294f5917", "version": 1, "description": null }, "framework": null }, "subkind": "bar-vertical", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:49.59+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "d10f681f-db72-4d24-b5ed-f55980d6b763", "parentComponentId": null }, { "bbox": { "h": 0.039, "w": 0.114, "x": 0.843, "y": 0.92 }, "kind": "image", "text": "SUMMIT HOTEL PROPERTIES", "attrs": null, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Logo", "slug": "logo", "status": "active", "canonId": "019de52c-fdaf-743d-94c4-d7c6a0e55302", "version": 1, "description": null }, "framework": null }, "subkind": "logo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:49.59+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "6bdb184c-de8f-41ea-8763-f6cfc98fe1b2", "parentComponentId": null }, { "bbox": { "h": 0.239, "w": 0.304, "x": 0.042, "y": 0.647 }, "kind": "image", "text": "Homewood Suites Aliso Viejo", "attrs": null, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Photo", "slug": "photo", "status": "active", "canonId": "019de52c-fd37-757f-b4a8-ca26d4888875", "version": 1, "description": null }, "framework": null }, "subkind": "photo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:49.59+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "22822524-70a0-4d74-9062-cd4deceb5aaf", "parentComponentId": null }, { "bbox": { "h": 0.239, "w": 0.304, "x": 0.348, "y": 0.647 }, "kind": "image", "text": "SpringHill Suites Indianapolis Downtown", "attrs": null, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Photo", "slug": "photo", "status": "active", "canonId": "019de52c-fd37-757f-b4a8-ca26d4888875", "version": 1, "description": null }, "framework": null }, "subkind": "photo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:49.59+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "5c49012b-d5a2-45a3-aca9-8a460efca98a", "parentComponentId": null }, { "bbox": { "h": 0.239, "w": 0.304, "x": 0.654, "y": 0.647 }, "kind": "image", "text": "Hampton Inn & Suites Baltimore Downtown", "attrs": null, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Photo", "slug": "photo", "status": "active", "canonId": "019de52c-fd37-757f-b4a8-ca26d4888875", "version": 1, "description": null }, "framework": null }, "subkind": "photo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:49.59+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "8900631e-b9a8-41cb-94d0-f0ca54fe306f", "parentComponentId": null }, { "bbox": { "h": 0.04, "w": 0.709, "x": 0.16, "y": 0.14 }, "kind": "paragraph", "text": "An enhanced guest experience has facilitated a continuing shift in guest preference and driven outperformance in the Upscale segment compared to the Upper-Upscale segment", "attrs": null, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:49.59+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "83e8eb8d-c33c-44e4-85c3-c119de70792e", "parentComponentId": null }, { "bbox": { "h": 0.015, "w": 0.49, "x": 0.045, "y": 0.916 }, "kind": "source-note", "text": "(1) Based on the Smith Travel Research Quarterly and Monthly Hotel Review for the applicable years.", "attrs": null, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:49.59+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "06d7353c-316c-4c6d-b4ca-db080b8f8395", "parentComponentId": null }, { "bbox": { "h": 0.029, "w": 0.899, "x": 0.045, "y": 0.06 }, "kind": "title", "text": "Efficient Operating Model and Best-in-Class Platform Drives Profitability", "attrs": null, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:49.59+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "41ebc76d-2da4-47c9-b56a-e557f01f8b51", "parentComponentId": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 10, "arc": { "name": "The Sequoia Pitch", "slug": "sequoia-pitch", "status": "active", "bestFor": "Investor pitches, Series A/B, board presentations", "canonId": "019dd956-5e69-75a7-a0a4-895ac1bc0444", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem -> Solution -> Why Now -> Market Size -> Competition -> Product -> Business Model -> Team -> Financials -> The Ask", "description": null, "familyLabel": null }, "from": 5, "name": "Solution", "beatId": "ccbddd78-7790-4a03-a40f-5517b33261e6", "matchId": "93d10d54-20f8-4234-b953-c2d1b78ee8cc", "beatType": { "name": "Solution", "slug": "sequoia-pitch-solution", "status": "active", "canonId": "019dd9b8-1fb1-71d9-a260-07738d7f9c2f", "version": 1, "description": null }, "evidence": "The document outlines Summit's efficient operating model and best-in-class platform.", "position": 1, "isPrimaryArc": true, "parentBeatType": { "name": "Turn", "slug": "turn", "status": "active", "canonId": "019dd9b8-0396-702b-ac2f-9901f8dd8b54", "version": 1, "description": "The pivot — solution proposed, catalyst introduced, decision made. Common (15/20 arcs) but not universal: Triple-take, AIDA, PAS, Voyage-return and Pixar substitute it with a strong reflection or development beat." }, "alignedBlockIds": null, "matchConfidence": 0.8 } ], "loops": [], "locked": true }, { "page": 8, "type": "evidence", "function": "show_traction", "rawType": "traction", "block": null, "metadata": { "slideType": "traction", "slideTypeCanon": { "name": "Traction", "slug": "traction", "status": "active", "canonId": "019de52d-0edd-72ab-820f-3ebc71a9c542", "version": 1, "description": null }, "function": "show_traction", "functionCanon": { "name": "Show traction", "slug": "show_traction", "status": "active", "canonId": "019de52d-16a8-756a-9b38-a7d35420561d", "version": 1, "description": null }, "density": "dense", "densityScore": 61, "componentCount": 5, "textChars": 496, "nDataPoints": 24, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:34:49.129+00", "seconds": 5.475, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d78a-72df-bdfc-ab4dfa1610c2/8", "deck": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2", "deckAnchor": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2#slide-8", "deckJson": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2.json" }, "components": [ { "bbox": { "h": 0.61, "w": 0.86, "x": 0.088, "y": 0.233 }, "kind": "chart", "text": "Cumulative RevPAR Growth: Summit Pro Forma Portfolio vs. STR Upscale (1)", "attrs": { "chart_type": "line", "data_points": { "2019": { "Summit": "48%", "STR Upscale": "35%" }, "2022": { "Summit": "29%", "STR Upscale": "7%" } }, "series_names": [ "Summit", "STR Upscale" ], "x_axis_label": "Year End", "y_axis_label": "Cumulative RevPAR Growth" }, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Line chart", "slug": "line", "status": "active", "canonId": "019de52c-ff62-778f-8f6c-a952ceae8677", "version": 1, "description": null }, "framework": null }, "subkind": "line", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:49.129+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "a54879ce-cb4b-4958-b5cb-c904124b1ebf", "parentComponentId": null }, { "bbox": { "h": 0.035, "w": 0.11, "x": 0.84, "y": 0.92 }, "kind": "image", "text": "SUMMIT HOTEL PROPERTIES", "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Logo", "slug": "logo", "status": "active", "canonId": "019de52c-fdaf-743d-94c4-d7c6a0e55302", "version": 1, "description": null }, "framework": null }, "subkind": "logo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:49.129+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "e17a631b-3031-41d5-889f-dd1eb24a0c97", "parentComponentId": null }, { "bbox": { "h": 0.015, "w": 0.704, "x": 0.05, "y": 0.915 }, "kind": "source-note", "text": "(1) Based on the Smith Travel Research Lodging Review and Summit's full year reported pro forma RevPAR growth for the applicable years.", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:49.129+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "901861ff-7106-49d4-a43a-5d2e3eee0560", "parentComponentId": null }, { "bbox": { "h": 0.045, "w": 0.756, "x": 0.123, "y": 0.15 }, "kind": "title", "text": "Summit has a track record of outperformance with cumulative RevPAR growth exceeding the STR Upscale chain scale benchmark by a 170-basis point CAGR over the eleven years since the Company's IPO", "attrs": {}, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Action title", "slug": "action-title", "status": "active", "canonId": "019de52c-fb31-734c-a0f5-a3935b73135d", "version": 1, "description": null }, "framework": null }, "subkind": "action-title", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:49.129+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "d9e7db86-4497-46bc-86f8-c5f753d25590", "parentComponentId": null }, { "bbox": { "h": 0.025, "w": 0.869, "x": 0.045, "y": 0.057 }, "kind": "title", "text": "Efficient Operating Model and Best-in-Class Platform Drives Profitability", "attrs": {}, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:49.129+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "b1ebb6bc-6200-4934-827f-02fed1a220e8", "parentComponentId": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 10, "arc": { "name": "The Sequoia Pitch", "slug": "sequoia-pitch", "status": "active", "bestFor": "Investor pitches, Series A/B, board presentations", "canonId": "019dd956-5e69-75a7-a0a4-895ac1bc0444", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem -> Solution -> Why Now -> Market Size -> Competition -> Product -> Business Model -> Team -> Financials -> The Ask", "description": null, "familyLabel": null }, "from": 5, "name": "Solution", "beatId": "ccbddd78-7790-4a03-a40f-5517b33261e6", "matchId": "93d10d54-20f8-4234-b953-c2d1b78ee8cc", "beatType": { "name": "Solution", "slug": "sequoia-pitch-solution", "status": "active", "canonId": "019dd9b8-1fb1-71d9-a260-07738d7f9c2f", "version": 1, "description": null }, "evidence": "The document outlines Summit's efficient operating model and best-in-class platform.", "position": 1, "isPrimaryArc": true, "parentBeatType": { "name": "Turn", "slug": "turn", "status": "active", "canonId": "019dd9b8-0396-702b-ac2f-9901f8dd8b54", "version": 1, "description": "The pivot — solution proposed, catalyst introduced, decision made. Common (15/20 arcs) but not universal: Triple-take, AIDA, PAS, Voyage-return and Pixar substitute it with a strong reflection or development beat." }, "alignedBlockIds": null, "matchConfidence": 0.8 } ], "loops": [ { "to": 9, "from": 8, "loop": { "name": "06_zoom_in", "slug": "06-zoom-in", "status": "active", "bestFor": "Technical deep-dives, case studies, detailed analysis", "canonId": "019dd956-6846-74db-82be-dff5b058b072", "version": 1, "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21", "structure": "The Big Picture -> Key Area of Focus -> Specific Detail -> Implication", "description": "Start broad, then progressively focus on specific details that prove your point", "familyLabel": null }, "matchId": "74ddc157-13dd-41b6-bd7e-2b2c7aaeca05", "evidence": "The document provides specific data on Summit's cumulative RevPAR growth exceeding the STR Upscale chain scale benchmark.", "position": 0, "objective": "To highlight Summit's outperformance and RevPAR growth", "confidence": 0.7, "extraction": { "at": "2026-07-16 23:08:24.169028+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": "doc-narrative-v1" } } ], "locked": true }, { "page": 9, "type": "setup", "function": "compare_peers", "rawType": "competitive_analysis", "block": null, "metadata": { "slideType": "competitive_analysis", "slideTypeCanon": { "name": "Competitive analysis", "slug": "competitive_analysis", "status": "active", "canonId": "019de52d-093e-776b-94c6-c1573f5f1a31", "version": 1, "description": null }, "function": "compare_peers", "functionCanon": { "name": "Compare peers", "slug": "compare_peers", "status": "active", "canonId": "019de52d-1453-72ba-a367-9ba3d34c1630", "version": 1, "description": null }, "density": "overcrowded", "densityScore": 90, "componentCount": 11, "textChars": 731, "nDataPoints": 7, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:34:51.669+00", "seconds": 7.866, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d78a-72df-bdfc-ab4dfa1610c2/9", "deck": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2", "deckAnchor": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2#slide-9", "deckJson": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2.json" }, "components": [ { "bbox": { "h": 0.013, "w": 0.06, "x": 0.326, "y": 0.324 }, "kind": "callout", "text": "+120 bps", "attrs": {}, "canon": { "kind": { "name": "Callout", "slug": "callout", "status": "active", "canonId": "019de52c-f8d3-761a-8953-7d37080de5e2", "version": 1, "description": "Highlighted callout box." }, "tool": null, "subkind": { "name": "Primary callout", "slug": "primary", "status": "active", "canonId": "019de52c-fbd1-70eb-a9ce-8997f8674c1d", "version": 1, "description": null }, "framework": null }, "subkind": "primary", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:51.669+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "990fd634-d764-4b44-b1c8-3598684fe4a3", "parentComponentId": null }, { "bbox": { "h": 0.013, "w": 0.06, "x": 0.54, "y": 0.452 }, "kind": "callout", "text": "+350 bps", "attrs": {}, "canon": { "kind": { "name": "Callout", "slug": "callout", "status": "active", "canonId": "019de52c-f8d3-761a-8953-7d37080de5e2", "version": 1, "description": "Highlighted callout box." }, "tool": null, "subkind": { "name": "Primary callout", "slug": "primary", "status": "active", "canonId": "019de52c-fbd1-70eb-a9ce-8997f8674c1d", "version": 1, "description": null }, "framework": null }, "subkind": "primary", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:51.669+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "a28dba59-c6df-448b-95e7-9659961834e6", "parentComponentId": null }, { "bbox": { "h": 0.013, "w": 0.053, "x": 0.754, "y": 0.568 }, "kind": "callout", "text": "+70 bps", "attrs": {}, "canon": { "kind": { "name": "Callout", "slug": "callout", "status": "active", "canonId": "019de52c-f8d3-761a-8953-7d37080de5e2", "version": 1, "description": "Highlighted callout box." }, "tool": null, "subkind": { "name": "Primary callout", "slug": "primary", "status": "active", "canonId": "019de52c-fbd1-70eb-a9ce-8997f8674c1d", "version": 1, "description": null }, "framework": null }, "subkind": "primary", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:51.669+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "b4e396c3-cb3b-4ee6-80cb-3dc579e2fbfa", "parentComponentId": null }, { "bbox": { "h": 0.58, "w": 0.889, "x": 0.05, "y": 0.249 }, "kind": "chart", "text": "Summit: 35.4%, Select-Service Peers: 34.2%, All Peers: 30.7%, Full-Service Peers: 30.0%", "attrs": { "chart_type": "bar", "data_points": [ { "value": 35.4, "category": "Summit" }, { "value": 34.2, "category": "Select-Service Peers" }, { "value": 30.7, "category": "All Peers" }, { "value": 30, "category": "Full-Service Peers" } ], "series_names": [ "EBITDA Margin" ], "x_axis_label": "Peer Group", "y_axis_label": "EBITDA Margin (%)" }, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Vertical bar chart", "slug": "bar-vertical", "status": "active", "canonId": "019de52c-fe9d-70f2-b3b7-a9ae294f5917", "version": 1, "description": null }, "framework": null }, "subkind": "bar-vertical", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:51.669+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "52d464ec-e79f-4f5a-8dbd-fe63aec59268", "parentComponentId": null }, { "bbox": { "h": 0.023, "w": 0.11, "x": 0.847, "y": 0.928 }, "kind": "image", "text": "SUMMIT HOTEL PROPERTIES", "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Logo", "slug": "logo", "status": "active", "canonId": "019de52c-fdaf-743d-94c4-d7c6a0e55302", "version": 1, "description": null }, "framework": null }, "subkind": "logo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:51.669+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "f13adf7f-6aba-483a-93ed-c956fc4e377a", "parentComponentId": null }, { "bbox": { "h": 0.013, "w": 0.208, "x": 0.396, "y": 0.216 }, "kind": "paragraph", "text": "FYE 2022 Hotel EBITDA Margin", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:51.669+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "ee1ec80d-f0ae-4b42-bd9c-de3949f7f8d9", "parentComponentId": null }, { "bbox": { "h": 0.01, "w": 0.806, "x": 0.048, "y": 0.928 }, "kind": "source-note", "text": "(2) Select-service peer data based on the aggregate FY 2022 comparable portfolio revenue and hotel EBITDA reported for the following peers: APLE, CLDT, HT, and RLJ.", "attrs": { "numbered": true }, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:51.669+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "6cf1feaf-a576-4c68-aee8-1fe9d6d7cfc7", "parentComponentId": null }, { "bbox": { "h": 0.01, "w": 0.602, "x": 0.048, "y": 0.915 }, "kind": "source-note", "text": "(1) Summit based on the pro forma 2022 financials for the 103 lodging assets owned as of May 3, 2023.", "attrs": { "numbered": true }, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:51.669+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "cf0b524c-e2a3-4b6a-a51c-41c71152e34e", "parentComponentId": null }, { "bbox": { "h": 0.01, "w": 0.85, "x": 0.048, "y": 0.941 }, "kind": "source-note", "text": "(3) Full-service peer data based on the aggregate FY 2022 comparable portfolio revenue and hotel EBITDA reported for the following peers: AHT, BHR, DRH, HST, PK, PEB, RHP, SHO, and XHR.", "attrs": { "numbered": true }, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:51.669+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "ec7159f3-76c5-4d01-9f18-7b892751a2c0", "parentComponentId": null }, { "bbox": { "h": 0.018, "w": 0.416, "x": 0.292, "y": 0.137 }, "kind": "title", "text": "Summit Delivers Best-in-Class Operating Margins", "attrs": {}, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Action title", "slug": "action-title", "status": "active", "canonId": "019de52c-fb31-734c-a0f5-a3935b73135d", "version": 1, "description": null }, "framework": null }, "subkind": "action-title", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:51.669+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "4fb893d6-2b68-4c6f-ac26-3b28d385479a", "parentComponentId": null }, { "bbox": { "h": 0.03, "w": 0.907, "x": 0.045, "y": 0.049 }, "kind": "title", "text": "Efficient Operating Model and Best-in-Class Platform Drives Profitability", "attrs": {}, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:51.669+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "9b941a12-021a-4bb0-851e-5e072b8d8314", "parentComponentId": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 10, "arc": { "name": "The Sequoia Pitch", "slug": "sequoia-pitch", "status": "active", "bestFor": "Investor pitches, Series A/B, board presentations", "canonId": "019dd956-5e69-75a7-a0a4-895ac1bc0444", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem -> Solution -> Why Now -> Market Size -> Competition -> Product -> Business Model -> Team -> Financials -> The Ask", "description": null, "familyLabel": null }, "from": 5, "name": "Solution", "beatId": "ccbddd78-7790-4a03-a40f-5517b33261e6", "matchId": "93d10d54-20f8-4234-b953-c2d1b78ee8cc", "beatType": { "name": "Solution", "slug": "sequoia-pitch-solution", "status": "active", "canonId": "019dd9b8-1fb1-71d9-a260-07738d7f9c2f", "version": 1, "description": null }, "evidence": "The document outlines Summit's efficient operating model and best-in-class platform.", "position": 1, "isPrimaryArc": true, "parentBeatType": { "name": "Turn", "slug": "turn", "status": "active", "canonId": "019dd9b8-0396-702b-ac2f-9901f8dd8b54", "version": 1, "description": "The pivot — solution proposed, catalyst introduced, decision made. Common (15/20 arcs) but not universal: Triple-take, AIDA, PAS, Voyage-return and Pixar substitute it with a strong reflection or development beat." }, "alignedBlockIds": null, "matchConfidence": 0.8 } ], "loops": [ { "to": 9, "from": 8, "loop": { "name": "06_zoom_in", "slug": "06-zoom-in", "status": "active", "bestFor": "Technical deep-dives, case studies, detailed analysis", "canonId": "019dd956-6846-74db-82be-dff5b058b072", "version": 1, "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21", "structure": "The Big Picture -> Key Area of Focus -> Specific Detail -> Implication", "description": "Start broad, then progressively focus on specific details that prove your point", "familyLabel": null }, "matchId": "74ddc157-13dd-41b6-bd7e-2b2c7aaeca05", "evidence": "The document provides specific data on Summit's cumulative RevPAR growth exceeding the STR Upscale chain scale benchmark.", "position": 0, "objective": "To highlight Summit's outperformance and RevPAR growth", "confidence": 0.7, "extraction": { "at": "2026-07-16 23:08:24.169028+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": "doc-narrative-v1" } } ], "locked": true }, { "page": 10, "type": "evidence", "function": "show_traction", "rawType": "traction", "block": null, "metadata": { "slideType": "traction", "slideTypeCanon": { "name": "Traction", "slug": "traction", "status": "active", "canonId": "019de52d-0edd-72ab-820f-3ebc71a9c542", "version": 1, "description": null }, "function": "show_traction", "functionCanon": { "name": "Show traction", "slug": "show_traction", "status": "active", "canonId": "019de52d-16a8-756a-9b38-a7d35420561d", "version": 1, "description": null }, "density": "overcrowded", "densityScore": 92, "componentCount": 9, "textChars": 1262, "nDataPoints": 12, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:34:52.72+00", "seconds": 8.649, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d78a-72df-bdfc-ab4dfa1610c2/10", "deck": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2", "deckAnchor": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2#slide-10", "deckJson": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2.json" }, "components": [ { "bbox": { "h": 0.02, "w": 0.41, "x": 0.479, "y": 0.55 }, "kind": "callout", "text": "Q4 2022 margins down 130 bps vs 2019 compared to 430 bps in Q1 2022", "attrs": {}, "canon": { "kind": { "name": "Callout", "slug": "callout", "status": "active", "canonId": "019de52c-f8d3-761a-8953-7d37080de5e2", "version": 1, "description": "Highlighted callout box." }, "tool": null, "subkind": { "name": "Primary callout", "slug": "primary", "status": "active", "canonId": "019de52c-fbd1-70eb-a9ce-8997f8674c1d", "version": 1, "description": null }, "framework": null }, "subkind": "primary", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:52.72+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "1b9006a4-1e4c-4325-b99d-db267802f422", "parentComponentId": null }, { "bbox": { "h": 0.34, "w": 0.565, "x": 0.385, "y": 0.54 }, "kind": "chart", "text": "49.2% 44.9% Q1 2022; 49.9% 47.8% Q2 2022; 46.9% 44.3% Q3 2022; 45.6% 44.2% Q4 2022", "attrs": { "data_points": { "Q1 2022": [ 49.2, 44.9 ], "Q2 2022": [ 49.9, 47.8 ], "Q3 2022": [ 46.9, 44.3 ], "Q4 2022": [ 45.6, 44.2 ] }, "series_names": [ "2019 GOP Margin", "2022 GOP Margin" ], "x_axis_labels": [ "Q1 2022", "Q2 2022", "Q3 2022", "Q4 2022" ], "y_axis_labels": [ "40%", "43%", "45%", "48%", "50%", "53%" ] }, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Vertical bar chart", "slug": "bar-vertical", "status": "active", "canonId": "019de52c-fe9d-70f2-b3b7-a9ae294f5917", "version": 1, "description": null }, "framework": null }, "subkind": "bar-vertical", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:52.72+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "d22a9a9b-b06c-4cf0-806c-0ab81cff6e64", "parentComponentId": null }, { "bbox": { "h": 0.04, "w": 0.12, "x": 0.845, "y": 0.92 }, "kind": "image", "text": "SUMMIT HOTEL PROPERTIES", "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Logo", "slug": "logo", "status": "active", "canonId": "019de52c-fdaf-743d-94c4-d7c6a0e55302", "version": 1, "description": null }, "framework": null }, "subkind": "logo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:52.72+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "33093653-eb23-4e49-995f-f3d5d3b5a238", "parentComponentId": null }, { "bbox": { "h": 0.779, "w": 0.385, "x": 0.001, "y": 0.128 }, "kind": "image", "text": "Courtyard Charlotte City Center", "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Photo", "slug": "photo", "status": "active", "canonId": "019de52c-fd37-757f-b4a8-ca26d4888875", "version": 1, "description": null }, "framework": null }, "subkind": "photo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:52.72+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "2e022c91-aa4c-4749-9db7-210d60e2755d", "parentComponentId": null }, { "bbox": { "h": 0.204, "w": 0.53, "x": 0.402, "y": 0.264 }, "kind": "list", "text": "Rooms revenue driven model results in high GOP and EBITDA margins\nProprietary, in-house revenue management platform partners with management companies to more effectively yield manage the portfolio and drive profitability\nComplexing of management and sales teams across the portfolio, particularly with the addition of the NewcrestImage portfolio, creates both revenue and expense synergies\nUtilization of best practices from our nine hotel management partners drives operational efficiencies\nStrong connectivity, representation and influence with all major brand partners through leadership roles on owner advisory councils", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:52.72+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "e0e0b9ac-f5b4-43d9-91b9-58af70c0fa02", "parentComponentId": null }, { "bbox": { "h": 0.06, "w": 0.53, "x": 0.39, "y": 0.16 }, "kind": "paragraph", "text": "Through both asset management initiatives and a restructuring of the operating model during the pandemic, we believe there is potential for margin expansion as revenues return to stabilized levels", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:52.72+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "9100088a-4761-45fb-981f-0f4a017e81e5", "parentComponentId": null }, { "bbox": { "h": 0.01, "w": 0.68, "x": 0.07, "y": 0.916 }, "kind": "source-note", "text": "Based on pro forma GOP Margin for the applicable periods relating to the 103 lodging assets owned as of May 3, 2023.", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:52.72+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "51ce1fba-ff64-4062-9c75-0b14c9fa5d1e", "parentComponentId": null }, { "bbox": { "h": 0.02, "w": 0.73, "x": 0.045, "y": 0.06 }, "kind": "title", "text": "Efficient Operating Model and Best-in-Class Platform Drives Profitability", "attrs": {}, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:52.72+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "24540588-ed71-4932-be80-a0e8f74d75db", "parentComponentId": null }, { "bbox": { "h": 0.02, "w": 0.46, "x": 0.455, "y": 0.509 }, "kind": "title", "text": "Sequential Improvement in GOP Margins vs. 2019 (1)", "attrs": {}, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Subtitle", "slug": "subtitle", "status": "active", "canonId": "019de52c-fb09-739d-900c-815b0d9ac526", "version": 1, "description": null }, "framework": null }, "subkind": "subtitle", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:52.72+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "dfd1f4e4-b91b-48e1-bbfa-f55ffdbaeca1", "parentComponentId": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 10, "arc": { "name": "The Sequoia Pitch", "slug": "sequoia-pitch", "status": "active", "bestFor": "Investor pitches, Series A/B, board presentations", "canonId": "019dd956-5e69-75a7-a0a4-895ac1bc0444", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem -> Solution -> Why Now -> Market Size -> Competition -> Product -> Business Model -> Team -> Financials -> The Ask", "description": null, "familyLabel": null }, "from": 5, "name": "Solution", "beatId": "ccbddd78-7790-4a03-a40f-5517b33261e6", "matchId": "93d10d54-20f8-4234-b953-c2d1b78ee8cc", "beatType": { "name": "Solution", "slug": "sequoia-pitch-solution", "status": "active", "canonId": "019dd9b8-1fb1-71d9-a260-07738d7f9c2f", "version": 1, "description": null }, "evidence": "The document outlines Summit's efficient operating model and best-in-class platform.", "position": 1, "isPrimaryArc": true, "parentBeatType": { "name": "Turn", "slug": "turn", "status": "active", "canonId": "019dd9b8-0396-702b-ac2f-9901f8dd8b54", "version": 1, "description": "The pivot — solution proposed, catalyst introduced, decision made. Common (15/20 arcs) but not universal: Triple-take, AIDA, PAS, Voyage-return and Pixar substitute it with a strong reflection or development beat." }, "alignedBlockIds": null, "matchConfidence": 0.8 } ], "loops": [], "locked": true }, { "page": 11, "type": "setup", "function": "establish_context", "rawType": "geographic_map", "block": null, "metadata": { "slideType": "geographic_map", "slideTypeCanon": { "name": "Geographic map", "slug": "geographic_map", "status": "active", "canonId": "019de52d-09de-7153-8845-584c1a9d0c83", "version": 1, "description": null }, "function": "establish_context", "functionCanon": { "name": "Establish context", "slug": "establish_context", "status": "active", "canonId": "019de52d-1314-74e6-9074-d213dc0bdcdf", "version": 1, "description": null }, "density": "overcrowded", "densityScore": 91, "componentCount": 9, "textChars": 930, "nDataPoints": 25, "notes": null, "elementsJson": null, "confidence": 0.9, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:34:52.085+00", "seconds": 6.405, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d78a-72df-bdfc-ab4dfa1610c2/11", "deck": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2", "deckAnchor": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2#slide-11", "deckJson": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2.json" }, "components": [ { "bbox": { "h": 0.04, "w": 0.12, "x": 0.84, "y": 0.93 }, "kind": "image", "text": "SUMMIT HOTEL PROPERTIES logo", "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Logo", "slug": "logo", "status": "active", "canonId": "019de52c-fdaf-743d-94c4-d7c6a0e55302", "version": 1, "description": null }, "framework": null }, "subkind": "logo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:52.085+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "58a40b63-a169-4436-8945-a652a045696c", "parentComponentId": null }, { "bbox": { "h": 0.68, "w": 0.82, "x": 0.09, "y": 0.17 }, "kind": "image", "text": "Map of the United States showing locations of current lodging assets and pending dispositions, with labels for major cities.", "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Map", "slug": "map", "status": "active", "canonId": "019de52c-fe4d-77bd-b0a4-d72d58b9e5a4", "version": 1, "description": null }, "framework": null }, "subkind": "map", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:52.085+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "177fc1e4-d5e4-4207-8b23-bd11742c4617", "parentComponentId": null }, { "bbox": { "h": 0.04, "w": 0.16, "x": 0.57, "y": 0.83 }, "kind": "list", "text": "Current Lodging Assets\nPending Dispositions", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:52.085+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "aabe10e6-18b5-4e45-b4e1-91a37baeeb05", "parentComponentId": null }, { "bbox": { "h": 0.04, "w": 0.716, "x": 0.13, "y": 0.13 }, "kind": "paragraph", "text": "No single asset contributes more than 3% to our portfolio, and Dallas is the only market that contributes > 10%. Each individual Dallas submarket contributes < 5%", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:52.085+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "2be1976b-d103-4eef-a742-c5089764102d", "parentComponentId": null }, { "bbox": { "h": 0.04, "w": 0.66, "x": 0.045, "y": 0.91 }, "kind": "source-note", "text": "(1) Based on guestroom count as a percent of the total MSA for 103 lodging assets owned as of May 3, 2023.\n(2) Based on 97 lodging assets owned as of May 3, 2023, after excluding the six pending dispositions.", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:52.085+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "6b585e78-3e17-41cb-a9ed-b32fa1c0d591", "parentComponentId": null }, { "bbox": { "h": 0.01, "w": 0.33, "x": 0.07, "y": 0.95 }, "kind": "source-note", "text": "Note: guestroom count used to determine circle size.", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:52.085+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "fc589263-b78e-4fe8-b2fd-d70b51807d0b", "parentComponentId": null }, { "bbox": { "h": 0.17, "w": 0.17, "x": 0.81, "y": 0.52 }, "kind": "table", "text": "% of Total Portfolio for MSA: Atlanta, Chicago, Kansas City, Minneapolis, with Current and After Sales percentages.", "attrs": {}, "canon": { "kind": { "name": "Table", "slug": "table", "status": "active", "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28", "version": 1, "description": "Tabular data layout." }, "tool": null, "subkind": { "name": "Data table", "slug": "data", "status": "active", "canonId": "019de52d-02d5-75b8-8abf-88e92bf63569", "version": 1, "description": null }, "framework": null }, "subkind": "data", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:52.085+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "ba82dd3d-03ec-48b8-90f3-082ca2d2168c", "parentComponentId": null }, { "bbox": { "h": 0.21, "w": 0.27, "x": 0.04, "y": 0.68 }, "kind": "table", "text": "U.S. Markets, % of Portfolio, Number of Rooms for Top 25, Top 50, Sun Belt, Urban, and Total.", "attrs": {}, "canon": { "kind": { "name": "Table", "slug": "table", "status": "active", "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28", "version": 1, "description": "Tabular data layout." }, "tool": null, "subkind": { "name": "Data table", "slug": "data", "status": "active", "canonId": "019de52d-02d5-75b8-8abf-88e92bf63569", "version": 1, "description": null }, "framework": null }, "subkind": "data", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:52.085+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "fd827dff-881f-4c52-92f9-1c87dea7c6e5", "parentComponentId": null }, { "bbox": { "h": 0.06, "w": 0.91, "x": 0.045, "y": 0.045 }, "kind": "title", "text": "Premier Portfolio with Broad Geographic Diversification and Concentration in High Growth Sun Belt Markets", "attrs": {}, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:52.085+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "3a3c8647-662a-491f-ae55-5c7adebe502a", "parentComponentId": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 12, "arc": { "name": "The Sequoia Pitch", "slug": "sequoia-pitch", "status": "active", "bestFor": "Investor pitches, Series A/B, board presentations", "canonId": "019dd956-5e69-75a7-a0a4-895ac1bc0444", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem -> Solution -> Why Now -> Market Size -> Competition -> Product -> Business Model -> Team -> Financials -> The Ask", "description": null, "familyLabel": null }, "from": 11, "name": "Market Size", "beatId": "4831f505-5d9a-416e-8164-8904b7c014e5", "matchId": "93d10d54-20f8-4234-b953-c2d1b78ee8cc", "beatType": { "name": "Market Size", "slug": "sequoia-pitch-market-size", "status": "active", "canonId": "019dd9b8-20e6-729c-bc28-05442906d032", "version": 1, "description": null }, "evidence": "The document discusses the premier portfolio with broad geographic diversification and concentration in high growth sun belt markets.", "position": 2, "isPrimaryArc": true, "parentBeatType": { "name": "Evidence", "slug": "evidence", "status": "active", "canonId": "019dd9b8-03f9-772a-b84a-4f07b415b77a", "version": 1, "description": "A dedicated proof beat exists in only ~4 arcs (Gambit, Sequoia, AIDA, Monroes). Other arcs embed evidence inline within development." }, "alignedBlockIds": null, "matchConfidence": 0.8 } ], "loops": [], "locked": true }, { "page": 12, "type": "resolution", "function": "size_opportunity", "rawType": "market_sizing", "block": null, "metadata": { "slideType": "market_sizing", "slideTypeCanon": { "name": "Market sizing", "slug": "market_sizing", "status": "active", "canonId": "019de52d-08c8-756c-8664-733b73a7ee7b", "version": 1, "description": null }, "function": "size_opportunity", "functionCanon": { "name": "Size opportunity", "slug": "size_opportunity", "status": "active", "canonId": "019de52d-147b-7568-8828-a74a27697618", "version": 1, "description": null }, "density": "dense", "densityScore": 71, "componentCount": 5, "textChars": 1178, "nDataPoints": 40, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:34:52.245+00", "seconds": 5.943, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d78a-72df-bdfc-ab4dfa1610c2/12", "deck": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2", "deckAnchor": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2#slide-12", "deckJson": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2.json" }, "components": [ { "bbox": { "h": 0.62, "w": 0.46, "x": 0.507, "y": 0.236 }, "kind": "chart", "text": "Forecasted Cumulative RevPAR Growth (1,2) 30% 23% 15% 8% 0% 2022 2023 2024 2025 2026 2027 Summit CBRE Total U.S. CBRE Upscale 5YR CAGR 5.0% 4.4% 4.1%", "attrs": {}, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Line chart", "slug": "line", "status": "active", "canonId": "019de52c-ff62-778f-8f6c-a952ceae8677", "version": 1, "description": null }, "framework": null }, "subkind": "line", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:52.245+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "bbeabd78-5d57-4bb0-ab92-a30e92721ec2", "parentComponentId": null }, { "bbox": { "h": 0.039, "w": 0.12, "x": 0.844, "y": 0.93 }, "kind": "image", "text": "SUMMIT HOTEL PROPERTIES", "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Logo", "slug": "logo", "status": "active", "canonId": "019de52c-fdaf-743d-94c4-d7c6a0e55302", "version": 1, "description": null }, "framework": null }, "subkind": "logo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:52.245+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "f70a0887-bdba-4004-ae7a-72538785e088", "parentComponentId": null }, { "bbox": { "h": 0.04, "w": 0.746, "x": 0.128, "y": 0.15 }, "kind": "paragraph", "text": "Summit's favorable market exposure is expected to drive portfolio RevPAR growth in its top 10 markets of 90 basis points more than industry averages annually through 2027 (1,2)", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:52.245+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "659fd19b-52f0-49e5-b609-a9380e675d2e", "parentComponentId": null }, { "bbox": { "h": 0.05, "w": 0.78, "x": 0.047, "y": 0.909 }, "kind": "source-note", "text": "(1) CBRE Hotel Horizons RevPAR growth data Q4 2022 Edition as of February 2023.\n(2) Pro forma portfolio RevPAR growth is the CBRE All Hotels RevPAR growth for the applicable markets weighted by guestroom count for the 97 lodging assets owned as of May 3, 2023, after excluding the six pending dispositions.", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:52.245+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "6fb1bc12-9ddf-4a97-84b9-4fb1741cfe2a", "parentComponentId": null }, { "bbox": { "h": 0.62, "w": 0.47, "x": 0.047, "y": 0.236 }, "kind": "table", "text": "Summit Markets Rooms % Portfolio 5YR CAGR (1) VS. Total U.S. Market Indicator Dallas-Fort Worth 2,225 15% 4% 0 bps New Orleans 1,178 8% 5% 130 bps + Miami-Fort Lauderdale 688 5% 3% -120 bps Portland 640 4% 6% 200 bps + Atlanta 584 4% 5% 100 bps + Baltimore 569 4% 5% 60 bps + Houston 567 4% 5% 90 bps San Francisco 563 4% 10% 600 bps + Phoenix 552 4% 4% -50 bps Denver 509 3% 5% 70 bps + Pro Forma Top 10 (2) 8,075 55% 5% 90 bps + Other (2) 6,509 45% 5% 90 bps + Pro Forma Portfolio (2) 14,584 100% 5% 90 bps + Total U.S. 4%", "attrs": {}, "canon": { "kind": { "name": "Table", "slug": "table", "status": "active", "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28", "version": 1, "description": "Tabular data layout." }, "tool": null, "subkind": { "name": "Data table", "slug": "data", "status": "active", "canonId": "019de52d-02d5-75b8-8abf-88e92bf63569", "version": 1, "description": null }, "framework": null }, "subkind": "data", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:52.245+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "7a300da2-afb0-46ff-8603-674db94366ca", "parentComponentId": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 12, "arc": { "name": "The Sequoia Pitch", "slug": "sequoia-pitch", "status": "active", "bestFor": "Investor pitches, Series A/B, board presentations", "canonId": "019dd956-5e69-75a7-a0a4-895ac1bc0444", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem -> Solution -> Why Now -> Market Size -> Competition -> Product -> Business Model -> Team -> Financials -> The Ask", "description": null, "familyLabel": null }, "from": 11, "name": "Market Size", "beatId": "4831f505-5d9a-416e-8164-8904b7c014e5", "matchId": "93d10d54-20f8-4234-b953-c2d1b78ee8cc", "beatType": { "name": "Market Size", "slug": "sequoia-pitch-market-size", "status": "active", "canonId": "019dd9b8-20e6-729c-bc28-05442906d032", "version": 1, "description": null }, "evidence": "The document discusses the premier portfolio with broad geographic diversification and concentration in high growth sun belt markets.", "position": 2, "isPrimaryArc": true, "parentBeatType": { "name": "Evidence", "slug": "evidence", "status": "active", "canonId": "019dd9b8-03f9-772a-b84a-4f07b415b77a", "version": 1, "description": "A dedicated proof beat exists in only ~4 arcs (Gambit, Sequoia, AIDA, Monroes). Other arcs embed evidence inline within development." }, "alignedBlockIds": null, "matchConfidence": 0.8 } ], "loops": [], "locked": true }, { "page": 13, "type": "setup", "function": "establish_context", "rawType": "competitive_analysis", "block": null, "metadata": { "slideType": "competitive_analysis", "slideTypeCanon": { "name": "Competitive analysis", "slug": "competitive_analysis", "status": "active", "canonId": "019de52d-093e-776b-94c6-c1573f5f1a31", "version": 1, "description": null }, "function": "establish_context", "functionCanon": { "name": "Establish context", "slug": "establish_context", "status": "active", "canonId": "019de52d-1314-74e6-9074-d213dc0bdcdf", "version": 1, "description": null }, "density": "overcrowded", "densityScore": 85, "componentCount": 8, "textChars": 811, "nDataPoints": 8, "notes": null, "elementsJson": null, "confidence": 0.9, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:34:53.484+00", "seconds": 6.136, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d78a-72df-bdfc-ab4dfa1610c2/13", "deck": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2", "deckAnchor": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2#slide-13", "deckJson": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2.json" }, "components": [ { "bbox": { "h": 0.36, "w": 0.34, "x": 0.043, "y": 0.223 }, "kind": "chart", "text": "Franchisor (1) 52% Marriott 24% Hilton 19% Hyatt 5% Other", "attrs": {}, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Donut chart", "slug": "donut", "status": "active", "canonId": "019de52d-0006-752c-9528-0fef476b8004", "version": 1, "description": null }, "framework": null }, "subkind": "donut", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:53.484+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "1db942a6-63c0-4df4-845f-aef9cbcea887", "parentComponentId": null }, { "bbox": { "h": 0.36, "w": 0.34, "x": 0.343, "y": 0.223 }, "kind": "chart", "text": "Hotel Type (1) 65% Premium Select Service 22% Extended Stay 10% Lifestyle 3% Compact Full Service", "attrs": {}, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Donut chart", "slug": "donut", "status": "active", "canonId": "019de52d-0006-752c-9528-0fef476b8004", "version": 1, "description": null }, "framework": null }, "subkind": "donut", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:53.484+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "9340d1b3-a640-4be7-a560-fcaa310c3672", "parentComponentId": null }, { "bbox": { "h": 0.65, "w": 0.292, "x": 0.667, "y": 0.218 }, "kind": "image", "text": "AC Hotel Oklahoma City Bricktown", "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Photo", "slug": "photo", "status": "active", "canonId": "019de52c-fd37-757f-b4a8-ca26d4888875", "version": 1, "description": null }, "framework": null }, "subkind": "photo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:53.484+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "d1a4da4e-d8c5-4f06-9abe-541c0a2fc9bb", "parentComponentId": null }, { "bbox": { "h": 0.163, "w": 0.149, "x": 0.046, "y": 0.633 }, "kind": "list", "text": "Legend Marriott Hilton HYATT™ Other", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:53.484+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "9e411223-e13d-4db2-807c-dc5c98641c9d", "parentComponentId": null }, { "bbox": { "h": 0.163, "w": 0.239, "x": 0.343, "y": 0.633 }, "kind": "list", "text": "Legend Premium Select Service Extended Stay Lifestyle Compact Full Service", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:53.484+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "ce268dbf-3714-4faf-b220-37fcc0c4c1c5", "parentComponentId": null }, { "bbox": { "h": 0.076, "w": 0.909, "x": 0.05, "y": 0.136 }, "kind": "paragraph", "text": "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, exceptional service, diverse type of stay offerings, and ease of reservation that result in a positive guest experience and recurring stays.", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:53.484+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "d99c0ba5-f1af-4308-afc4-d9b7d40b4943", "parentComponentId": null }, { "bbox": { "h": 0.015, "w": 0.466, "x": 0.074, "y": 0.915 }, "kind": "source-note", "text": "Based on guestroom count for the 103 lodging assets owned as of May 3, 2023.", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:53.484+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "09951783-ca63-4aba-aadc-02d5ada48760", "parentComponentId": null }, { "bbox": { "h": 0.056, "w": 0.909, "x": 0.046, "y": 0.044 }, "kind": "title", "text": "Premier Portfolio with Industry-Leading Brands Offering Diverse and Distinctive Accommodations and Experiences", "attrs": {}, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:53.484+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "a7ea12e3-abb6-4930-99b1-83a9d9a158a5", "parentComponentId": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 16, "arc": { "name": "The Sequoia Pitch", "slug": "sequoia-pitch", "status": "active", "bestFor": "Investor pitches, Series A/B, board presentations", "canonId": "019dd956-5e69-75a7-a0a4-895ac1bc0444", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem -> Solution -> Why Now -> Market Size -> Competition -> Product -> Business Model -> Team -> Financials -> The Ask", "description": null, "familyLabel": null }, "from": 13, "name": "Competition", "beatId": "aef3b546-5b4e-436e-896b-e74e846b357f", "matchId": "93d10d54-20f8-4234-b953-c2d1b78ee8cc", "beatType": { "name": "Competition", "slug": "sequoia-pitch-competition", "status": "active", "canonId": "019dd9b8-21bd-7407-8707-bdf217ed9c76", "version": 1, "description": null }, "evidence": "The document presents a competitive analysis of Summit's RevPAR premium and operating margins.", "position": 3, "isPrimaryArc": true, "parentBeatType": { "name": "Evidence", "slug": "evidence", "status": "active", "canonId": "019dd9b8-03f9-772a-b84a-4f07b415b77a", "version": 1, "description": "A dedicated proof beat exists in only ~4 arcs (Gambit, Sequoia, AIDA, Monroes). Other arcs embed evidence inline within development." }, "alignedBlockIds": null, "matchConfidence": 0.8 } ], "loops": [], "locked": true }, { "page": 14, "type": "setup", "function": "transition", "rawType": "section_divider", "block": null, "metadata": { "slideType": "section_divider", "slideTypeCanon": { "name": "Section divider", "slug": "section_divider", "status": "active", "canonId": "019de52d-066a-7402-9554-6ae504999041", "version": 1, "description": null }, "function": "transition", "functionCanon": { "name": "Transition", "slug": "transition", "status": "active", "canonId": "019de52d-1365-7149-92aa-66df859e75fd", "version": 1, "description": null }, "density": "sparse", "densityScore": 10, "componentCount": 3, "textChars": 41, "nDataPoints": 0, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:34:50.093+00", "seconds": 2.738, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d78a-72df-bdfc-ab4dfa1610c2/14", "deck": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2", "deckAnchor": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2#slide-14", "deckJson": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2.json" }, "components": [ { "bbox": { "h": 0.7166667, "w": 1, "x": 0, "y": 0.2833333 }, "kind": "image", "text": null, "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Photo", "slug": "photo", "status": "active", "canonId": "019de52c-fd37-757f-b4a8-ca26d4888875", "version": 1, "description": null }, "framework": null }, "subkind": "photo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:50.093+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "139b668c-20d1-4b0c-92f6-b94f7fb143ca", "parentComponentId": null }, { "bbox": { "h": 0.0166667, "w": 0.11875, "x": 0.84375, "y": 0.9604167 }, "kind": "paragraph", "text": "Marriott Boulder", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:50.093+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "121e08b0-e5e3-42c7-8a6b-c7f2e77f86e3", "parentComponentId": null }, { "bbox": { "h": 0.0354167, "w": 0.5425, "x": 0.22875, "y": 0.1445833 }, "kind": "title", "text": "SUMMIT OPERATIONAL UPDATE", "attrs": {}, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:50.093+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "c5961d60-321c-4823-815d-6c2c3612b31f", "parentComponentId": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 16, "arc": { "name": "The Sequoia Pitch", "slug": "sequoia-pitch", "status": "active", "bestFor": "Investor pitches, Series A/B, board presentations", "canonId": "019dd956-5e69-75a7-a0a4-895ac1bc0444", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem -> Solution -> Why Now -> Market Size -> Competition -> Product -> Business Model -> Team -> Financials -> The Ask", "description": null, "familyLabel": null }, "from": 13, "name": "Competition", "beatId": "aef3b546-5b4e-436e-896b-e74e846b357f", "matchId": "93d10d54-20f8-4234-b953-c2d1b78ee8cc", "beatType": { "name": "Competition", "slug": "sequoia-pitch-competition", "status": "active", "canonId": "019dd9b8-21bd-7407-8707-bdf217ed9c76", "version": 1, "description": null }, "evidence": "The document presents a competitive analysis of Summit's RevPAR premium and operating margins.", "position": 3, "isPrimaryArc": true, "parentBeatType": { "name": "Evidence", "slug": "evidence", "status": "active", "canonId": "019dd9b8-03f9-772a-b84a-4f07b415b77a", "version": 1, "description": "A dedicated proof beat exists in only ~4 arcs (Gambit, Sequoia, AIDA, Monroes). Other arcs embed evidence inline within development." }, "alignedBlockIds": null, "matchConfidence": 0.8 } ], "loops": [], "locked": true }, { "page": 15, "type": "evidence", "function": "show_traction", "rawType": "traction", "block": null, "metadata": { "slideType": "traction", "slideTypeCanon": { "name": "Traction", "slug": "traction", "status": "active", "canonId": "019de52d-0edd-72ab-820f-3ebc71a9c542", "version": 1, "description": null }, "function": "show_traction", "functionCanon": { "name": "Show traction", "slug": "show_traction", "status": "active", "canonId": "019de52d-16a8-756a-9b38-a7d35420561d", "version": 1, "description": null }, "density": "overcrowded", "densityScore": 90, "componentCount": 8, "textChars": 1404, "nDataPoints": 30, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:34:55.339+00", "seconds": 7.829, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d78a-72df-bdfc-ab4dfa1610c2/15", "deck": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2", "deckAnchor": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2#slide-15", "deckJson": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2.json" }, "components": [ { "bbox": { "h": 0.5, "w": 0.91, "x": 0.04, "y": 0.405 }, "kind": "chart", "text": "92-Hotel Comparable Portfolio RevPAR Recapture vs 2019 (2)\nFY 2021: Weekday 57%, Weekend 83%, Comparable 66%\nQ1 2022: Weekday 70%, Weekend 95%, Comparable 79%\nQ2 2022: Weekday 85%, Weekend 106%, Comparable 93%\nQ3 2022: Weekday 87%, Weekend 103%, Comparable 94%\nQ4 2022: Weekday 86%, Weekend 107%, Comparable 95%\nFY 2022: Weekday 82%, Weekend 103%, Comparable 90%\nQ1 2023: Weekday 86%, Weekend 105%, Comparable 93%", "attrs": { "chart_type": "bar", "series_names": [ "Weekday", "Weekend", "Comparable" ], "x_axis_labels": [ "FY 2021", "Q1 2022", "Q2 2022", "Q3 2022", "Q4 2022", "FY 2022", "Q1 2023" ], "y_axis_labels": [ "25%", "50%", "75%", "100%", "125%", "150%" ] }, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Vertical bar chart", "slug": "bar-vertical", "status": "active", "canonId": "019de52c-fe9d-70f2-b3b7-a9ae294f5917", "version": 1, "description": null }, "framework": null }, "subkind": "bar-vertical", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:55.339+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "515a267b-4ac9-44f1-b34c-9f48bfb295c4", "parentComponentId": null }, { "bbox": { "h": 0.24, "w": 0.26, "x": 0.69, "y": 0.13 }, "kind": "chart", "text": "% of Portfolio by STR Location (1)\nAirport 11%\nSuburban 29%\nResort 10%\nOther 4%\nUrban 47%", "attrs": { "chart_type": "pie" }, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Pie chart", "slug": "pie", "status": "active", "canonId": "019de52c-ffdb-71bb-a800-5c5ab9f1c373", "version": 1, "description": null }, "framework": null }, "subkind": "pie", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:55.339+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "058ceb11-1095-4014-8230-abcf69fd7719", "parentComponentId": null }, { "bbox": { "h": 0.035, "w": 0.108, "x": 0.847, "y": 0.93 }, "kind": "image", "text": "SUMMIT\nHOTEL PROPERTIES", "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Logo", "slug": "logo", "status": "active", "canonId": "019de52c-fdaf-743d-94c4-d7c6a0e55302", "version": 1, "description": null }, "framework": null }, "subkind": "logo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:55.339+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "e263aba7-858c-451d-a846-a038252cdbb6", "parentComponentId": null }, { "bbox": { "h": 0.04, "w": 0.543, "x": 0.11, "y": 0.183 }, "kind": "paragraph", "text": "For the first quarter 2023, weekday RevPAR improved significantly, growing 22% compared to the first quarter 2022 versus weekend RevPAR growth of 10%.", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": null, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:55.339+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "9a8d9f94-8afe-4c06-9018-b9c906675f10", "parentComponentId": null }, { "bbox": { "h": 0.06, "w": 0.543, "x": 0.11, "y": 0.244 }, "kind": "paragraph", "text": "Comparable weekday and weekend RevPAR in the first quarter 2023 recovered to 86% and 105% of pre-pandemic levels, respectively, compared to the first quarter 2022 weekday and weekend RevPAR recovery of 70% and 95%, respectively.", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": null, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:55.339+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "d0d61593-13b0-49f4-8ed7-27232e0e8de2", "parentComponentId": null }, { "bbox": { "h": 0.04, "w": 0.602, "x": 0.051, "y": 0.122 }, "kind": "paragraph", "text": "The greatest opportunity for further RevPAR acceleration is from weekday performance improvement, likely to be driven by urban location type and business transient segment.", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": null, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:55.339+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "dc4d8daa-89a1-4d6c-b145-96ee23b874d5", "parentComponentId": null }, { "bbox": { "h": 0.04, "w": 0.602, "x": 0.051, "y": 0.325 }, "kind": "paragraph", "text": "Strengthening corporate and group demand continue to drive improving fundamentals in key urban markets such as Chicago, Dallas, Houston, and Miami.", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": null, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:55.339+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "fba99cc0-9c44-4978-b052-df596c7d2998", "parentComponentId": null }, { "bbox": { "h": 0.035, "w": 0.44, "x": 0.05, "y": 0.917 }, "kind": "source-note", "text": "(1) Based on guestroom count for the 103 lodging assets owned as of March 31, 2023.\n(2) Based on pro forma financials for the 92 comparable lodging assets owned as of March 31, 2023.", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:55.339+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "fc33237f-5b77-4189-9558-3d4b9429a17e", "parentComponentId": null } ], "metrics": [], "tools": [ { "tool": { "name": "2x2 matrix", "slug": "matrix-2x2", "status": "active", "bestFor": null, "canonId": "019dd9e1-50ab-72d1-8afb-3ab0a38e32a8", "version": 1, "bodyDocId": null, "description": "BCG matrix, importance/urgency, any axes-and-quadrants frame.", "familyLabel": null, "categoryName": null, "categorySlug": null }, "agent": null, "layer": "slide", "agents": null, "matchId": "cd7a45cf-ba93-4c40-a1e4-3ebf3628c609", "evidence": "chart/pie: % of Portfolio by STR Location (1)", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.5, "extraction": { "at": "2026-07-17 01:45:49.983589+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 15, "whyItWorks": null, "antipattern": null, "cardinality": "common", "narrativePurpose": null }, { "tool": { "name": "Waterfall chart", "slug": "waterfall-chart", "status": "active", "bestFor": null, "canonId": "e2799da3-725f-44a9-a093-570f1f388e64", "version": 1, "bodyDocId": null, "description": null, "familyLabel": null, "categoryName": null, "categorySlug": null }, "agent": null, "layer": "slide", "agents": null, "matchId": "ad725c10-0476-4796-aea7-adf0b3fd6894", "evidence": "chart/bar-vertical: 92-Hotel Comparable Portfolio RevPAR Recapture vs 2019 (2)", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.7, "extraction": { "at": "2026-07-17 01:45:49.939917+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 15, "whyItWorks": null, "antipattern": null, "cardinality": null, "narrativePurpose": null } ], "frameworks": [], "arcBeats": [ { "to": 16, "arc": { "name": "The Sequoia Pitch", "slug": "sequoia-pitch", "status": "active", "bestFor": "Investor pitches, Series A/B, board presentations", "canonId": "019dd956-5e69-75a7-a0a4-895ac1bc0444", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem -> Solution -> Why Now -> Market Size -> Competition -> Product -> Business Model -> Team -> Financials -> The Ask", "description": null, "familyLabel": null }, "from": 13, "name": "Competition", "beatId": "aef3b546-5b4e-436e-896b-e74e846b357f", "matchId": "93d10d54-20f8-4234-b953-c2d1b78ee8cc", "beatType": { "name": "Competition", "slug": "sequoia-pitch-competition", "status": "active", "canonId": "019dd9b8-21bd-7407-8707-bdf217ed9c76", "version": 1, "description": null }, "evidence": "The document presents a competitive analysis of Summit's RevPAR premium and operating margins.", "position": 3, "isPrimaryArc": true, "parentBeatType": { "name": "Evidence", "slug": "evidence", "status": "active", "canonId": "019dd9b8-03f9-772a-b84a-4f07b415b77a", "version": 1, "description": "A dedicated proof beat exists in only ~4 arcs (Gambit, Sequoia, AIDA, Monroes). Other arcs embed evidence inline within development." }, "alignedBlockIds": null, "matchConfidence": 0.8 } ], "loops": [ { "to": 16, "from": 15, "loop": { "name": "15_why_now", "slug": "15-why-now", "status": "active", "bestFor": "Sales pitches, fundraising, requesting immediate budget approval", "canonId": "019dd956-6c00-70cd-bd42-6bacc4af726f", "version": 1, "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21", "structure": "The Context (Trends) -> The Trigger Event -> The Window of Opportunity", "description": "Create temporal urgency by proving that the window of opportunity is opening or closing", "familyLabel": null }, "matchId": "3d52b77d-39cc-4c62-96fc-d3c059cfa28e", "evidence": "The document discusses urban and weekday demand driving the next phase of lodging recovery.", "position": 1, "objective": "To explain the current market conditions and Summit's position", "confidence": 0.6, "extraction": { "at": "2026-07-16 23:08:24.208924+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": "doc-narrative-v1" } } ], "locked": true }, { "page": 16, "type": "evidence", "function": "show_traction", "rawType": "competitive_analysis", "block": null, "metadata": { "slideType": "competitive_analysis", "slideTypeCanon": { "name": "Competitive analysis", "slug": "competitive_analysis", "status": "active", "canonId": "019de52d-093e-776b-94c6-c1573f5f1a31", "version": 1, "description": null }, "function": "show_traction", "functionCanon": { "name": "Show traction", "slug": "show_traction", "status": "active", "canonId": "019de52d-16a8-756a-9b38-a7d35420561d", "version": 1, "description": null }, "density": "overcrowded", "densityScore": 93, "componentCount": 11, "textChars": 819, "nDataPoints": 28, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:34:57.304+00", "seconds": 9.304, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d78a-72df-bdfc-ab4dfa1610c2/16", "deck": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2", "deckAnchor": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2#slide-16", "deckJson": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2.json" }, "components": [ { "bbox": { "h": 0.498, "w": 0.605, "x": 0.046, "y": 0.36 }, "kind": "chart", "text": "RevPAR $140 $120 $11 $11 $11 $12 $10 $14 $13 $13 $11 $10 $14 $12 $100 $80 $60 $40 $20 $0 APR 2022 MAY 2022 JUN 2022 JUL 2022 AUG 2022 SEP 2022 OCT 2022 NOV 2022 DEC 2022 JAN 2023 FEB 2023 MAR 2023 Comp Set RevPAR INN RevPAR Premium", "attrs": { "series": [ { "data": [ 110, 108, 113, 104, 94, 107, 117, 95, 80, 86, 109, 123 ], "name": "Comp Set RevPAR" }, { "data": [ 11, 11, 11, 10, 14, 12, 13, 13, 10, 11, 12, 14 ], "name": "INN RevPAR Premium" } ], "x_axis_labels": [ "APR 2022", "MAY 2022", "JUN 2022", "JUL 2022", "AUG 2022", "SEP 2022", "OCT 2022", "NOV 2022", "DEC 2022", "JAN 2023", "FEB 2023", "MAR 2023" ], "y_axis_labels": [ "$0", "$20", "$40", "$60", "$80", "$100", "$120", "$140" ] }, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Vertical bar chart", "slug": "bar-vertical", "status": "active", "canonId": "019de52c-fe9d-70f2-b3b7-a9ae294f5917", "version": 1, "description": null }, "framework": null }, "subkind": "bar-vertical", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:57.304+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "31a74427-3687-41de-b266-8b4bcd5cf494", "parentComponentId": null }, { "bbox": { "h": 0.037, "w": 0.13, "x": 0.844, "y": 0.929 }, "kind": "image", "text": "SUMMIT HOTEL PROPERTIES", "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Logo", "slug": "logo", "status": "active", "canonId": "019de52c-fdaf-743d-94c4-d7c6a0e55302", "version": 1, "description": null }, "framework": null }, "subkind": "logo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:57.304+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "83aeaef5-25c6-4131-b36c-bc03bb655e8e", "parentComponentId": null }, { "bbox": { "h": 0.709, "w": 0.333, "x": 0.646, "y": 0.147 }, "kind": "image", "text": "Courtyard Pittsburgh Downtown", "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Photo", "slug": "photo", "status": "active", "canonId": "019de52c-fd37-757f-b4a8-ca26d4888875", "version": 1, "description": null }, "framework": null }, "subkind": "photo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:57.304+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "ea3cb6c0-5300-4bcc-9286-7e97e922d23d", "parentComponentId": null }, { "bbox": { "h": 0.016, "w": 0.309, "x": 0.046, "y": 0.246 }, "kind": "list", "text": "Increasing RevPAR Premium (1)", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:57.304+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "3b711dad-6e57-4bb2-b64d-ab8de60f48a5", "parentComponentId": null }, { "bbox": { "h": 0.03, "w": 0.099, "x": 0.364, "y": 0.302 }, "kind": "metric", "text": "15,334 Guestrooms", "attrs": {}, "canon": { "kind": { "name": "Metric", "slug": "metric", "status": "active", "canonId": "019de52c-f923-73bf-8081-d0b1a8c5264d", "version": 1, "description": "Big-number or KPI value." }, "tool": null, "subkind": { "name": "Big number", "slug": "big-number", "status": "active", "canonId": "019de52c-fc70-70c8-b965-0584548a9204", "version": 1, "description": null }, "framework": null }, "subkind": "big-number", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:57.304+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "15ff6e82-d62f-4f6a-808b-8a5228a121bb", "parentComponentId": null }, { "bbox": { "h": 0.03, "w": 0.099, "x": 0.229, "y": 0.302 }, "kind": "metric", "text": "365 Days per Year", "attrs": {}, "canon": { "kind": { "name": "Metric", "slug": "metric", "status": "active", "canonId": "019de52c-f923-73bf-8081-d0b1a8c5264d", "version": 1, "description": "Big-number or KPI value." }, "tool": null, "subkind": { "name": "Big number", "slug": "big-number", "status": "active", "canonId": "019de52c-fc70-70c8-b965-0584548a9204", "version": 1, "description": null }, "framework": null }, "subkind": "big-number", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:57.304+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "403f7fa2-5a8c-479f-81cb-e1668c192204", "parentComponentId": null }, { "bbox": { "h": 0.03, "w": 0.099, "x": 0.094, "y": 0.302 }, "kind": "metric", "text": "$14 Premium per Day", "attrs": {}, "canon": { "kind": { "name": "Metric", "slug": "metric", "status": "active", "canonId": "019de52c-f923-73bf-8081-d0b1a8c5264d", "version": 1, "description": "Big-number or KPI value." }, "tool": null, "subkind": { "name": "Big number", "slug": "big-number", "status": "active", "canonId": "019de52c-fc70-70c8-b965-0584548a9204", "version": 1, "description": null }, "framework": null }, "subkind": "big-number", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:57.304+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "56f41eea-3566-4f68-af17-87a995eae6e2", "parentComponentId": null }, { "bbox": { "h": 0.03, "w": 0.119, "x": 0.489, "y": 0.302 }, "kind": "metric", "text": "$80mm of Additional Revenue", "attrs": {}, "canon": { "kind": { "name": "Metric", "slug": "metric", "status": "active", "canonId": "019de52c-f923-73bf-8081-d0b1a8c5264d", "version": 1, "description": "Big-number or KPI value." }, "tool": null, "subkind": { "name": "Big number", "slug": "big-number", "status": "active", "canonId": "019de52c-fc70-70c8-b965-0584548a9204", "version": 1, "description": null }, "framework": null }, "subkind": "big-number", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:57.304+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "7ba4b17b-8a3f-4dfe-998e-d268afa31d4a", "parentComponentId": null }, { "bbox": { "h": 0.02, "w": 0.734, "x": 0.046, "y": 0.917 }, "kind": "source-note", "text": "(1) Based on pro forma RevPAR for the 103 lodging assets owned as of May 3, 2023. Comp set and RevPAR index is based on STR data for 102 lodging assets (excluding Onera Fredericksburg).", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:57.304+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "512fa357-e94c-4283-8902-934a1eef551e", "parentComponentId": null }, { "bbox": { "h": 0.06, "w": 0.567, "x": 0.073, "y": 0.15 }, "kind": "subtitle", "text": "As demand continues to broadly recover, Summit's RevPAR premium to its competitive set has increased to near pre-pandemic levels, resulting in $80 million of additional annualized revenue", "attrs": {}, "canon": { "kind": { "name": "Subtitle", "slug": "subtitle", "status": "active", "canonId": "82d821ee-2793-42e7-8f16-c6131385a3ce", "version": 1, "description": "Header-zone supporting text near the title (= ex body.description with bbox)." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:57.304+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "4173be69-8aa5-4270-b6bd-628a2a86d44c", "parentComponentId": null }, { "bbox": { "h": 0.023, "w": 0.639, "x": 0.046, "y": 0.055 }, "kind": "title", "text": "Summit's RevPAR Premium Drives Outperformance vs. Peers", "attrs": {}, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:57.304+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "5ca8ff24-b9ea-4c60-ae81-5f883bab009b", "parentComponentId": null } ], "metrics": [], "tools": [ { "tool": { "name": "Waterfall chart", "slug": "waterfall-chart", "status": "active", "bestFor": null, "canonId": "e2799da3-725f-44a9-a093-570f1f388e64", "version": 1, "bodyDocId": null, "description": null, "familyLabel": null, "categoryName": null, "categorySlug": null }, "agent": null, "layer": "slide", "agents": null, "matchId": "4bec496f-2cf1-467e-b505-5453201fe3c4", "evidence": "chart/bar-vertical: RevPAR $140 $120 $11 $11 $11 $12 $10 $14 $13 $13 $11 $10 $14 $12 $100 $80 $60 $40 $20 $0 APR 2022 MAY 2022 JUN 2022 JUL 2022 AUG 2022 SEP 2022 OCT 2022 NOV 2022 DEC 2022 JAN 2023 FEB 2023 MAR 2023", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.7, "extraction": { "at": "2026-07-17 01:45:50.074273+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 16, "whyItWorks": null, "antipattern": null, "cardinality": null, "narrativePurpose": null } ], "frameworks": [], "arcBeats": [ { "to": 16, "arc": { "name": "The Sequoia Pitch", "slug": "sequoia-pitch", "status": "active", "bestFor": "Investor pitches, Series A/B, board presentations", "canonId": "019dd956-5e69-75a7-a0a4-895ac1bc0444", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem -> Solution -> Why Now -> Market Size -> Competition -> Product -> Business Model -> Team -> Financials -> The Ask", "description": null, "familyLabel": null }, "from": 13, "name": "Competition", "beatId": "aef3b546-5b4e-436e-896b-e74e846b357f", "matchId": "93d10d54-20f8-4234-b953-c2d1b78ee8cc", "beatType": { "name": "Competition", "slug": "sequoia-pitch-competition", "status": "active", "canonId": "019dd9b8-21bd-7407-8707-bdf217ed9c76", "version": 1, "description": null }, "evidence": "The document presents a competitive analysis of Summit's RevPAR premium and operating margins.", "position": 3, "isPrimaryArc": true, "parentBeatType": { "name": "Evidence", "slug": "evidence", "status": "active", "canonId": "019dd9b8-03f9-772a-b84a-4f07b415b77a", "version": 1, "description": "A dedicated proof beat exists in only ~4 arcs (Gambit, Sequoia, AIDA, Monroes). Other arcs embed evidence inline within development." }, "alignedBlockIds": null, "matchConfidence": 0.8 } ], "loops": [ { "to": 16, "from": 15, "loop": { "name": "15_why_now", "slug": "15-why-now", "status": "active", "bestFor": "Sales pitches, fundraising, requesting immediate budget approval", "canonId": "019dd956-6c00-70cd-bd42-6bacc4af726f", "version": 1, "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21", "structure": "The Context (Trends) -> The Trigger Event -> The Window of Opportunity", "description": "Create temporal urgency by proving that the window of opportunity is opening or closing", "familyLabel": null }, "matchId": "3d52b77d-39cc-4c62-96fc-d3c059cfa28e", "evidence": "The document discusses urban and weekday demand driving the next phase of lodging recovery.", "position": 1, "objective": "To explain the current market conditions and Summit's position", "confidence": 0.6, "extraction": { "at": "2026-07-16 23:08:24.208924+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": "doc-narrative-v1" } } ], "locked": true }, { "page": 17, "type": "setup", "function": "transition", "rawType": "section_divider", "block": null, "metadata": { "slideType": "section_divider", "slideTypeCanon": { "name": "Section divider", "slug": "section_divider", "status": "active", "canonId": "019de52d-066a-7402-9554-6ae504999041", "version": 1, "description": null }, "function": "transition", "functionCanon": { "name": "Transition", "slug": "transition", "status": "active", "canonId": "019de52d-1365-7149-92aa-66df859e75fd", "version": 1, "description": null }, "density": "sparse", "densityScore": 11, "componentCount": 3, "textChars": 52, "nDataPoints": 0, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:34:52.53+00", "seconds": 3.123, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d78a-72df-bdfc-ab4dfa1610c2/17", "deck": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2", "deckAnchor": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2#slide-17", "deckJson": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2.json" }, "components": [ { "bbox": { "h": 1, "w": 1, "x": 0, "y": 0 }, "kind": "image", "text": null, "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Photo", "slug": "photo", "status": "active", "canonId": "019de52c-fd37-757f-b4a8-ca26d4888875", "version": 1, "description": null }, "framework": null }, "subkind": "photo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:52.53+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "6309ca64-fc50-4307-a207-74d92af5cb1f", "parentComponentId": null }, { "bbox": { "h": 0.01667, "w": 0.21667, "x": 0.75, "y": 0.95833 }, "kind": "source-note", "text": "AC / Element Miami Brickell", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:52.53+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "8ac313d5-7d21-48de-8802-141c46302e73", "parentComponentId": null }, { "bbox": { "h": 0.03333, "w": 0.52222, "x": 0.23889, "y": 0.14167 }, "kind": "title", "text": "SUMMIT CAPITAL ALLOCATION", "attrs": {}, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:52.53+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "c90b5d02-5bb3-49fd-8b62-c170fc14b6e2", "parentComponentId": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [], "loops": [], "locked": true }, { "page": 18, "type": "appendix", "function": "present_framework", "rawType": "other", "block": null, "metadata": { "slideType": "other", "slideTypeCanon": { "name": "Other (fallback)", "slug": "other", "status": "active", "canonId": "019de52d-0af5-71ed-83de-d51ae245fc43", "version": 1, "description": null }, "function": "present_framework", "functionCanon": { "name": "Present framework", "slug": "present_framework", "status": "active", "canonId": "019de52d-1403-7667-9100-d2ac6709f750", "version": 1, "description": null }, "density": "overcrowded", "densityScore": 92, "componentCount": 9, "textChars": 2215, "nDataPoints": 10, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:34:57.963+00", "seconds": 8.352, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d78a-72df-bdfc-ab4dfa1610c2/18", "deck": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2", "deckAnchor": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2#slide-18", "deckJson": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2.json" }, "components": [ { "bbox": { "h": 0.046, "w": 0.129, "x": 0.847, "y": 0.925 }, "kind": "image", "text": "SUMMIT HOTEL PROPERTIES", "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Logo", "slug": "logo", "status": "active", "canonId": "019de52c-fdaf-743d-94c4-d7c6a0e55302", "version": 1, "description": null }, "framework": null }, "subkind": "logo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:57.963+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "6f6e863d-525b-4b63-9b71-6648315a927e", "parentComponentId": null }, { "bbox": { "h": 0.745, "w": 0.34, "x": 0.649, "y": 0.123 }, "kind": "image", "text": "Hotel Indigo Asheville", "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Photo", "slug": "photo", "status": "active", "canonId": "019de52c-fd37-757f-b4a8-ca26d4888875", "version": 1, "description": null }, "framework": null }, "subkind": "photo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:57.963+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "b0fd8e98-422e-4f65-a857-4f91bbf3bab0", "parentComponentId": null }, { "bbox": { "h": 0.189, "w": 0.604, "x": 0.048, "y": 0.33 }, "kind": "list", "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.", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:57.963+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "0ff67cdd-eea2-453f-8884-1ba42882118b", "parentComponentId": null }, { "bbox": { "h": 0.08, "w": 0.604, "x": 0.048, "y": 0.82 }, "kind": "list", "text": "Flexible Balance Sheet\nMaintain liquidity and flexibility and a well-balanced maturity ladder spread across multiple years\nPrecedent for creative structuring and accretive issuance of OP units to preserve liquidity while remaining transactional", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:57.963+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "529e938a-1b5b-4371-ad58-a1557b37005e", "parentComponentId": null }, { "bbox": { "h": 0.202, "w": 0.604, "x": 0.048, "y": 0.135 }, "kind": "list", "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)", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:57.963+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "781f461d-853a-42d4-8f1c-680279366ecc", "parentComponentId": null }, { "bbox": { "h": 0.14, "w": 0.604, "x": 0.048, "y": 0.67 }, "kind": "list", "text": "Opportunistic Development and Mezzanine Lending Activity\nHigher risk-adjusted returns and utilization of in-house development expertise\nMezzanine lending program provides alternative pipeline for growth which typically earns current yields of 10%-14% and provides for the future option to acquire at a fixed price (i.e., initial mezz loan converted into 90% equity stake in the dual-branded AC Hotel / Element Miami Brickell)", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:57.963+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "88cd3ea2-1743-4d18-beff-f438b14505e8", "parentComponentId": null }, { "bbox": { "h": 0.14, "w": 0.604, "x": 0.048, "y": 0.52 }, "kind": "list", "text": "Joint Venture with GIC\nTotal assets of $1.2 billion with a well-respected global real estate investor further validates Summit's platform and operating model\nFacilitates external growth strategy and creates a pipeline for future growth\nFee structure generates higher going-in yields and hold-period returns for the Company and is expected to cover ~15% of 2023 cash corporate G&A", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:57.963+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "95e5c0e5-a6e2-4fcc-a31c-16643dde0169", "parentComponentId": null }, { "bbox": { "h": 0.016, "w": 0.016, "x": 0.02, "y": 0.94 }, "kind": "source-note", "text": "18", "attrs": { "numbered": true }, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:57.963+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "c6200804-0733-4094-8030-f1bdb566a852", "parentComponentId": null }, { "bbox": { "h": 0.069, "w": 0.69, "x": 0.048, "y": 0.048 }, "kind": "title", "text": "Targeted Capital Allocation Strategy with Proven Track Record of Transaction Driven Value Creation", "attrs": {}, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:57.963+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "8b03e9f4-1a26-4c53-87cc-2e206cdcc5bd", "parentComponentId": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [], "loops": [], "locked": true }, { "page": 19, "type": "setup", "function": "compare_peers", "rawType": "competitive_analysis", "block": null, "metadata": { "slideType": "competitive_analysis", "slideTypeCanon": { "name": "Competitive analysis", "slug": "competitive_analysis", "status": "active", "canonId": "019de52d-093e-776b-94c6-c1573f5f1a31", "version": 1, "description": null }, "function": "compare_peers", "functionCanon": { "name": "Compare peers", "slug": "compare_peers", "status": "active", "canonId": "019de52d-1453-72ba-a367-9ba3d34c1630", "version": 1, "description": null }, "density": "overcrowded", "densityScore": 76, "componentCount": 6, "textChars": 784, "nDataPoints": 28, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:34:56.436+00", "seconds": 6.102, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d78a-72df-bdfc-ab4dfa1610c2/19", "deck": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2", "deckAnchor": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2#slide-19", "deckJson": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2.json" }, "components": [ { "bbox": { "h": 0.3287, "w": 0.90093, "x": 0.04907, "y": 0.55093 }, "kind": "chart", "text": "Acquisitions as a % of TEV (2) INN 45% BHR 37% PEB 15% SHO 13% DRH 13% XHR 13% CLDT 9% APLE 9% HST 7% RLJ 7% RHP 0% AHT 0% HT 0% PK 0%", "attrs": { "title": "Acquisitions as a % of TEV" }, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Vertical bar chart", "slug": "bar-vertical", "status": "active", "canonId": "019de52c-fe9d-70f2-b3b7-a9ae294f5917", "version": 1, "description": null }, "framework": null }, "subkind": "bar-vertical", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:56.436+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "27c6ec9e-3d9f-4f41-9ee6-7ba8e1d7707d", "parentComponentId": null }, { "bbox": { "h": 0.30926, "w": 0.90093, "x": 0.04907, "y": 0.19815 }, "kind": "chart", "text": "Gross Acquisition Value (1) HST $1,079 INN $975 PEB $802 BHR $539 APLE $428 SHO $410 DRH $403 XHR $329 RLJ $258 CLDT $102 RHP $0 AHT $0 HT $0 PK $0", "attrs": { "title": "Gross Acquisition Value" }, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Vertical bar chart", "slug": "bar-vertical", "status": "active", "canonId": "019de52c-fe9d-70f2-b3b7-a9ae294f5917", "version": 1, "description": null }, "framework": null }, "subkind": "bar-vertical", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:56.436+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "fbc2ba10-b535-47e8-8e11-d40322850654", "parentComponentId": null }, { "bbox": { "h": 0.0463, "w": 0.11111, "x": 0.84259, "y": 0.925 }, "kind": "image", "text": "SUMMIT HOTEL PROPERTIES", "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Logo", "slug": "logo", "status": "active", "canonId": "019de52c-fdaf-743d-94c4-d7c6a0e55302", "version": 1, "description": null }, "framework": null }, "subkind": "logo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:56.436+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "d7bb62bf-3ef7-44b1-acda-05874d0c847e", "parentComponentId": null }, { "bbox": { "h": 0.05556, "w": 0.74074, "x": 0.12963, "y": 0.12963 }, "kind": "paragraph", "text": "Over the past seven quarters, Summit has been highly acquisitive relative to the lodging peer set, setting the stage for outsized EBITDA growth over the next several years", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:56.436+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "744394c4-13d3-452d-a523-fe61a8889128", "parentComponentId": null }, { "bbox": { "h": 0.025, "w": 0.84352, "x": 0.05093, "y": 0.93333 }, "kind": "source-note", "text": "(2) Summit TEV based on market close price as of May 3, 2023. Summit acquisition value is pro rata. Peer data from SNL based on Q4 2022 reported data available and market close price as of May 3, 2023.", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:56.436+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "0389ca7c-8d39-4d28-9116-d46b2a838790", "parentComponentId": null }, { "bbox": { "h": 0.01667, "w": 0.66204, "x": 0.05093, "y": 0.91667 }, "kind": "source-note", "text": "(1) Amounts in millions. Acquisition activity for the period beginning July 1, 2021, through March 31, 2023.", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:56.436+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "3809645c-58fa-41b8-a4dd-1992cb778eaf", "parentComponentId": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [], "loops": [], "locked": true }, { "page": 20, "type": "evidence", "function": "show_traction", "rawType": "traction", "block": null, "metadata": { "slideType": "traction", "slideTypeCanon": { "name": "Traction", "slug": "traction", "status": "active", "canonId": "019de52d-0edd-72ab-820f-3ebc71a9c542", "version": 1, "description": null }, "function": "show_traction", "functionCanon": { "name": "Show traction", "slug": "show_traction", "status": "active", "canonId": "019de52d-16a8-756a-9b38-a7d35420561d", "version": 1, "description": null }, "density": "dense", "densityScore": 69, "componentCount": 5, "textChars": 902, "nDataPoints": 24, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:34:56.148+00", "seconds": 5.75, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d78a-72df-bdfc-ab4dfa1610c2/20", "deck": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2", "deckAnchor": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2#slide-20", "deckJson": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2.json" }, "components": [ { "bbox": { "h": 0.04, "w": 0.115, "x": 0.844, "y": 0.93 }, "kind": "image", "text": "SUMMIT HOTEL PROPERTIES logo", "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Logo", "slug": "logo", "status": "active", "canonId": "019de52c-fdaf-743d-94c4-d7c6a0e55302", "version": 1, "description": null }, "framework": null }, "subkind": "logo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:56.148+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "023b7a0f-135e-4338-8e09-c2ef8e3ba157", "parentComponentId": null }, { "bbox": { "h": 0.06, "w": 0.64, "x": 0.073, "y": 0.913 }, "kind": "list", "text": "Based on the 71 same store hotels owned as of December 31, 2022.\nBased on the hotel purchase price exclusive of the parking structures and incentives.\nEst. stabilized yields based on full year underwritten NOI in 2024. Onera est. based on year 1 stabilized yields.\nOnera yield based on the initial investment amount of $5 million.", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:56.148+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "9cdaa0a0-e547-4202-96f9-b9db21b22bba", "parentComponentId": null }, { "bbox": { "h": 0.016, "w": 0.26, "x": 0.37, "y": 0.136 }, "kind": "list", "text": "Recent Acquisitions Highlight", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:56.148+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "ede5cec6-0edc-467c-9fa3-dd51cad4b49c", "parentComponentId": null }, { "bbox": { "h": 0.64, "w": 0.799, "x": 0.139, "y": 0.226 }, "kind": "table", "text": "Summit Same Store (1) 71 11,120 - - - 2021 Acquisitions 2 230 2H 2021 $59M $254K 10-11% NCI Portfolio 27 3,709 Q1 2022 $822M $209K (2) 8-9% AC / Element Miami 2 264 Q2 2022 $89M $337K 8-9% Onera Fredericksburg 1 11 Q4 2022 $5M $455K 15-17% (4) Summit Pro Forma 103 15,334 - - - Key Highlights 45% Growth 38% Growth Active Early in Cycle ~$975M Invested Attractive Basis of $220K / Key (2) Strong Stabilized Yields", "attrs": {}, "canon": { "kind": { "name": "Table", "slug": "table", "status": "active", "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28", "version": 1, "description": "Tabular data layout." }, "tool": null, "subkind": { "name": "Data table", "slug": "data", "status": "active", "canonId": "019de52d-02d5-75b8-8abf-88e92bf63569", "version": 1, "description": null }, "framework": null }, "subkind": "data", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:56.148+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "eada99ef-1e57-4b00-a761-b00728d7eb4e", "parentComponentId": null }, { "bbox": { "h": 0.06, "w": 0.91, "x": 0.046, "y": 0.044 }, "kind": "title", "text": "Targeted Capital Allocation Strategy with Proven Track Record of External Growth and Capital Recycling", "attrs": {}, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:56.148+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "a88c9fa0-cb07-4799-9266-43ee1c546e27", "parentComponentId": null } ], "metrics": [], "tools": [ { "tool": { "name": "Table data", "slug": "table-data", "status": "active", "bestFor": null, "canonId": "019dd9e1-4fab-7168-a82f-b847350a006d", "version": 1, "bodyDocId": null, "description": "Tabular layouts of structured data.", "familyLabel": null, "categoryName": null, "categorySlug": null }, "agent": null, "layer": "slide", "agents": null, "matchId": "58851bf7-863f-4162-8890-6855e2a38c0e", "evidence": "table/data: Summit Same Store (1) 71 11,120 - - - 2021 Acquisitions 2 230 2H 2021 $59M $254K 10-11% NCI Portfolio 27 3,709 Q1 2022 $822M $209K (2) 8-9% AC / Element Miami 2 264 Q2 2022 $89M $337K 8-9% Onera Fredericksbur", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.9, "extraction": { "at": "2026-07-17 01:45:50.307735+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 20, "whyItWorks": null, "antipattern": null, "cardinality": "common", "narrativePurpose": null } ], "frameworks": [], "arcBeats": [], "loops": [ { "to": 22, "from": 20, "loop": { "name": "47_quick_win_big_bet", "slug": "47-quick-win-big-bet", "status": "active", "bestFor": "Transformation planning, 100-day plans, resource allocation", "canonId": "019dd956-790d-708d-983e-ef9bbc68f741", "version": 1, "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21", "structure": "The Full List -> Quick Wins (Low effort, High impact) -> Big Bets (High effort, High impact) -> Sequenced Roadmap", "description": "Separate initiatives into immediate wins and longer-term strategic bets", "familyLabel": null }, "matchId": "0349382e-ed52-46b6-add2-0c540303687f", "evidence": "The document outlines Summit's strategy for transaction-driven value creation and external growth.", "position": 2, "objective": "To showcase Summit's targeted capital allocation strategy and growth opportunities", "confidence": 0.6, "extraction": { "at": "2026-07-16 23:08:24.249103+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": "doc-narrative-v1" } } ], "locked": true }, { "page": 21, "type": "appendix", "function": "establish_context", "rawType": "other", "block": null, "metadata": { "slideType": "other", "slideTypeCanon": { "name": "Other (fallback)", "slug": "other", "status": "active", "canonId": "019de52d-0af5-71ed-83de-d51ae245fc43", "version": 1, "description": null }, "function": "establish_context", "functionCanon": { "name": "Establish context", "slug": "establish_context", "status": "active", "canonId": "019de52d-1314-74e6-9074-d213dc0bdcdf", "version": 1, "description": null }, "density": "overcrowded", "densityScore": 83, "componentCount": 7, "textChars": 1262, "nDataPoints": 6, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:34:59.007+00", "seconds": 7.585, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d78a-72df-bdfc-ab4dfa1610c2/21", "deck": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2", "deckAnchor": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2#slide-21", "deckJson": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2.json" }, "components": [ { "bbox": { "h": 0.039, "w": 0.115, "x": 0.847, "y": 0.93 }, "kind": "image", "text": "SUMMIT\nHOTEL PROPERTIES", "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Logo", "slug": "logo", "status": "active", "canonId": "019de52c-fdaf-743d-94c4-d7c6a0e55302", "version": 1, "description": null }, "framework": null }, "subkind": "logo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:59.007+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "ff5bd492-cff5-4481-924a-ecb6194940b6", "parentComponentId": null }, { "bbox": { "h": 0.369, "w": 0.433, "x": 0.518, "y": 0.13 }, "kind": "image", "text": "Monarch Treehouse", "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Photo", "slug": "photo", "status": "active", "canonId": "019de52c-fd37-757f-b4a8-ca26d4888875", "version": 1, "description": null }, "framework": null }, "subkind": "photo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:59.007+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "6de4cea4-b687-49e6-99e0-b989718608cd", "parentComponentId": null }, { "bbox": { "h": 0.333, "w": 0.467, "x": 0.045, "y": 0.559 }, "kind": "image", "text": "Cocoon", "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Photo", "slug": "photo", "status": "active", "canonId": "019de52c-fd37-757f-b4a8-ca26d4888875", "version": 1, "description": null }, "framework": null }, "subkind": "photo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:59.007+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "79494348-b860-4016-89b0-f5238b5c1348", "parentComponentId": null }, { "bbox": { "h": 0.374, "w": 0.433, "x": 0.518, "y": 0.518 }, "kind": "image", "text": "Sage Safari Tent", "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Photo", "slug": "photo", "status": "active", "canonId": "019de52c-fd37-757f-b4a8-ca26d4888875", "version": 1, "description": null }, "framework": null }, "subkind": "photo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:59.007+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "9332c888-8915-4ae9-994c-5b71f531a7ef", "parentComponentId": null }, { "bbox": { "h": 0.419, "w": 0.467, "x": 0.045, "y": 0.136 }, "kind": "list", "text": "Strategic Rationale\nGlamping segment positions Summit to benefit from emerging guest preferences towards experiential travel and non-traditional accommodation types\nHighly compelling unit economics\nGenerate in place yields and unlevered IRR profiles that are 400 – 600 bps and 500-1,000 bps higher than traditional lodging investments, respectively\nLabor-light/highly efficient operating model is a natural extension of Summit's core business of owning high-quality hotels with a predominately rooms-based revenue model\nMinimal services and amenities and labor-light model generates superior margin profile\n1-2 on-site FTEs vs 80-100 on average for a typical full-service hotel and 30-35 for a typical select-service hotel\nResults in margins 20-30 percentage points above + EBITDA/unit 4-5x traditional hotels\nLower capital requirements enhance overall returns\nOnera's high-end, differentiated product includes temperature-controlled units, private bathrooms, kitchens, patios, fire pits and hot tubs\nThe asset class leverages the Company's asset management and design & construction expertise\nShorter development timelines and stabilization within 12 months of opening", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:59.007+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "5618fd0f-f227-4c67-bd8c-6c53787c6e60", "parentComponentId": null }, { "bbox": { "h": 0.013, "w": 0.018, "x": 0.02, "y": 0.954 }, "kind": "source-note", "text": "21", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:59.007+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "2e629504-7e5c-4f9b-a0ab-5fad5d53ed8c", "parentComponentId": null }, { "bbox": { "h": 0.028, "w": 0.54, "x": 0.045, "y": 0.05 }, "kind": "title", "text": "Glamping Investment Rationale", "attrs": {}, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:59.007+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "f9fc1b7b-7e9b-4c97-829f-f82dfc231e59", "parentComponentId": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [], "loops": [ { "to": 22, "from": 20, "loop": { "name": "47_quick_win_big_bet", "slug": "47-quick-win-big-bet", "status": "active", "bestFor": "Transformation planning, 100-day plans, resource allocation", "canonId": "019dd956-790d-708d-983e-ef9bbc68f741", "version": 1, "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21", "structure": "The Full List -> Quick Wins (Low effort, High impact) -> Big Bets (High effort, High impact) -> Sequenced Roadmap", "description": "Separate initiatives into immediate wins and longer-term strategic bets", "familyLabel": null }, "matchId": "0349382e-ed52-46b6-add2-0c540303687f", "evidence": "The document outlines Summit's strategy for transaction-driven value creation and external growth.", "position": 2, "objective": "To showcase Summit's targeted capital allocation strategy and growth opportunities", "confidence": 0.6, "extraction": { "at": "2026-07-16 23:08:24.249103+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": "doc-narrative-v1" } } ], "locked": true }, { "page": 22, "type": "evidence", "function": "illustrate_case", "rawType": "product_demo", "block": null, "metadata": { "slideType": "product_demo", "slideTypeCanon": { "name": "Product demo", "slug": "product_demo", "status": "active", "canonId": "019de52d-0f06-7288-84f2-7568c1020fce", "version": 1, "description": null }, "function": "illustrate_case", "functionCanon": { "name": "Illustrate case", "slug": "illustrate_case", "status": "active", "canonId": "019de52d-13b4-772c-bb73-1873612a7463", "version": 1, "description": null }, "density": "overcrowded", "densityScore": 82, "componentCount": 7, "textChars": 799, "nDataPoints": 20, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:34:56.581+00", "seconds": 5.098, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d78a-72df-bdfc-ab4dfa1610c2/22", "deck": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2", "deckAnchor": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2#slide-22", "deckJson": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2.json" }, "components": [ { "bbox": { "h": 0.33, "w": 0.909, "x": 0.045, "y": 0.569 }, "kind": "chart", "text": "Onera Fredericksburg T12 RevPAR by Month\n$502 $375 $429 $421 $396 $431 $500 $452 $379 $305 $373 $427\nT12 RevPAR = $412", "attrs": {}, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Vertical bar chart", "slug": "bar-vertical", "status": "active", "canonId": "019de52c-fe9d-70f2-b3b7-a9ae294f5917", "version": 1, "description": null }, "framework": null }, "subkind": "bar-vertical", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:56.581+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "06742005-1599-4278-b663-c117e58bc7c2", "parentComponentId": null }, { "bbox": { "h": 0.34, "w": 0.29, "x": 0.36, "y": 0.209 }, "kind": "chart", "text": "Stabilized EBITDA Margin\n27% 38% 60%", "attrs": {}, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Vertical bar chart", "slug": "bar-vertical", "status": "active", "canonId": "019de52c-fe9d-70f2-b3b7-a9ae294f5917", "version": 1, "description": null }, "framework": null }, "subkind": "bar-vertical", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:56.581+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "4c77ceaf-123e-4f3d-a7b2-e369804f71b9", "parentComponentId": null }, { "bbox": { "h": 0.34, "w": 0.29, "x": 0.66, "y": 0.209 }, "kind": "chart", "text": "Stabilized EBITDA/Key\n$23,000 $14,000 $90,000", "attrs": {}, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Vertical bar chart", "slug": "bar-vertical", "status": "active", "canonId": "019de52c-fe9d-70f2-b3b7-a9ae294f5917", "version": 1, "description": null }, "framework": null }, "subkind": "bar-vertical", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:56.581+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "77190f3e-b850-40ad-ad73-400b7c9142fe", "parentComponentId": null }, { "bbox": { "h": 0.269, "w": 0.32, "x": 0.048, "y": 0.257 }, "kind": "list", "text": "RevPAR is comparable to a Luxury hotel\nHigh margins comparable to multi-family\nYield profile is 2x traditional hotel investment and profitability per unit is 5x typical select-service hotel\nT12 Highlights (March 2023)\nRevPAR of $412\nGOP margin of 72%\nHotel EBITDA margin of 61%\nNOI yield of 16%", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:56.581+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "3d8ab3d7-4698-47b5-b5f5-94e165bc036d", "parentComponentId": null }, { "bbox": { "h": 0.04, "w": 0.73, "x": 0.143, "y": 0.137 }, "kind": "paragraph", "text": "Onera Fredericksburg is forecasted to generate EBITDA margins exceeding the typical select-service and full-service hotel by over 20 and 30 full percentage points, respectively", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:56.581+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "e269d7dc-66a8-4411-9517-45edcbcaa2bf", "parentComponentId": null }, { "bbox": { "h": 0.02, "w": 0.34, "x": 0.07, "y": 0.916 }, "kind": "source-note", "text": "Based on STR Host Almanac 2019. Figures represent total U.S. averages.", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:56.581+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "44b65fe9-379d-436b-8cc8-98b73bf36872", "parentComponentId": null }, { "bbox": { "h": 0.026, "w": 0.667, "x": 0.045, "y": 0.046 }, "kind": "title", "text": "Acquisition of Onera Fredericksburg, Texas Glamping Property", "attrs": {}, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:56.581+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "52077740-86e8-442e-92ac-6d7b631d91e5", "parentComponentId": null } ], "metrics": [], "tools": [ { "tool": { "name": "Chartjunk Elimination", "slug": "chartjunk-elimination", "status": "active", "bestFor": null, "canonId": "019dd956-b49e-7453-ab01-b60f338eeda1", "version": 1, "bodyDocId": null, "description": "Remove decorative elements that don't convey data: 3D effects, shadows, unnecessary gridlines", "familyLabel": null, "categoryName": "Slide", "categorySlug": "slide" }, "agent": "Designer", "layer": "slide", "agents": [ "Designer" ], "matchId": "01f4f268-d424-47d4-8988-b36cd7cb5939", "evidence": "chart/bar-vertical: Onera Fredericksburg T12 RevPAR by Month $502 $375 $429 $421 $396 $431 $500 $452 $379 $305 $373 $427", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.7, "extraction": { "at": "2026-07-17 01:45:50.438711+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 22, "whyItWorks": null, "antipattern": null, "cardinality": null, "narrativePurpose": null } ], "frameworks": [], "arcBeats": [], "loops": [ { "to": 22, "from": 20, "loop": { "name": "47_quick_win_big_bet", "slug": "47-quick-win-big-bet", "status": "active", "bestFor": "Transformation planning, 100-day plans, resource allocation", "canonId": "019dd956-790d-708d-983e-ef9bbc68f741", "version": 1, "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21", "structure": "The Full List -> Quick Wins (Low effort, High impact) -> Big Bets (High effort, High impact) -> Sequenced Roadmap", "description": "Separate initiatives into immediate wins and longer-term strategic bets", "familyLabel": null }, "matchId": "0349382e-ed52-46b6-add2-0c540303687f", "evidence": "The document outlines Summit's strategy for transaction-driven value creation and external growth.", "position": 2, "objective": "To showcase Summit's targeted capital allocation strategy and growth opportunities", "confidence": 0.6, "extraction": { "at": "2026-07-16 23:08:24.249103+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": "doc-narrative-v1" } } ], "locked": true }, { "page": 23, "type": "appendix", "function": "establish_context", "rawType": "other", "block": null, "metadata": { "slideType": "other", "slideTypeCanon": { "name": "Other (fallback)", "slug": "other", "status": "active", "canonId": "019de52d-0af5-71ed-83de-d51ae245fc43", "version": 1, "description": null }, "function": "establish_context", "functionCanon": { "name": "Establish context", "slug": "establish_context", "status": "active", "canonId": "019de52d-1314-74e6-9074-d213dc0bdcdf", "version": 1, "description": null }, "density": "overcrowded", "densityScore": 92, "componentCount": 9, "textChars": 1357, "nDataPoints": 10, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:34:59.554+00", "seconds": 7.094, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d78a-72df-bdfc-ab4dfa1610c2/23", "deck": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2", "deckAnchor": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2#slide-23", "deckJson": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2.json" }, "components": [ { "bbox": { "h": 0.04, "w": 0.118, "x": 0.847, "y": 0.925 }, "kind": "image", "text": "SUMMIT HOTEL PROPERTIES", "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Logo", "slug": "logo", "status": "active", "canonId": "019de52c-fdaf-743d-94c4-d7c6a0e55302", "version": 1, "description": null }, "framework": null }, "subkind": "logo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:59.554+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "ba4e037f-69ba-4e7f-8f49-8449c3ef8f5f", "parentComponentId": null }, { "bbox": { "h": 0.236, "w": 0.29, "x": 0.045, "y": 0.66 }, "kind": "image", "text": "Holiday Inn Express & Suites Minnetonka", "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Photo", "slug": "photo", "status": "active", "canonId": "019de52c-fd37-757f-b4a8-ca26d4888875", "version": 1, "description": null }, "framework": null }, "subkind": "photo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:59.554+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "6dbfca5f-ab2c-4300-8217-25b01a3b4465", "parentComponentId": null }, { "bbox": { "h": 0.236, "w": 0.29, "x": 0.653, "y": 0.66 }, "kind": "image", "text": "Hyatt Place Chicago / Lombard", "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Photo", "slug": "photo", "status": "active", "canonId": "019de52c-fd37-757f-b4a8-ca26d4888875", "version": 1, "description": null }, "framework": null }, "subkind": "photo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:59.554+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "a414c61b-a0c2-4b3c-bd11-e11e529f5553", "parentComponentId": null }, { "bbox": { "h": 0.236, "w": 0.29, "x": 0.349, "y": 0.66 }, "kind": "image", "text": "Residence Inn Atlanta Midtown", "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Photo", "slug": "photo", "status": "active", "canonId": "019de52c-fd37-757f-b4a8-ca26d4888875", "version": 1, "description": null }, "framework": null }, "subkind": "photo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:59.554+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "ab0224d0-401d-45a1-bffa-0e0c476cd283", "parentComponentId": null }, { "bbox": { "h": 0.179, "w": 0.447, "x": 0.518, "y": 0.179 }, "kind": "list", "text": "The Company is under contract to sell two hotels totaling 283 guestrooms for a gross sales price of $50.5 million, representing a 3.9% capitalization rate based on the portfolio's net operating income after a 4% FF&E reserve for the full year 2022.\n160-guestroom - Residence Atlanta Midtown/Peachtree at 17th\n123-guestroom - Courtyard Kansas City Country Club Plaza", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:59.554+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "34ec0f50-d2c1-4da5-8676-a6970641347f", "parentComponentId": null }, { "bbox": { "h": 0.219, "w": 0.447, "x": 0.518, "y": 0.418 }, "kind": "list", "text": "The Company is separately under contract to sell four hotels totaling 467 guestrooms for a gross sales price of $28.1 million, representing a 4.2% capitalization rate based on the portfolio's net operating income after a 4% FF&E reserve for the full year 2022.\n151-guestroom – Hyatt Place Chicago/Lombard/Oak Brook\n126-guestroom – Hyatt Place Chicago/Hoffman Estates\n97-guestroom - Hilton Garden Inn Minneapolis/Eden Prairie\n93-guestroom - Holiday Inn Express & Suites Eden Prairie – Minnetonka", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:59.554+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "a1fe1753-274d-4dcd-94fe-452fee1a9663", "parentComponentId": null }, { "bbox": { "h": 0.013, "w": 0.018, "x": 0.02, "y": 0.96 }, "kind": "source-note", "text": "23", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:59.554+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "e11c1142-44cd-4b07-b333-607780242b0b", "parentComponentId": null }, { "bbox": { "h": 0.51, "w": 0.43, "x": 0.045, "y": 0.139 }, "kind": "table", "text": "Transaction Highlights\nGuestrooms 750\nGross Sales Price $79.9 Million\nForegone Capital Expenditures $33-38 Million\nRevPAR $78 (30% discount to total portfolio)\nHotel EBITDA Margin 18% (50% below total portfolio)\nCapitalization Rate (Pre-Capital) 3.9%\nCapitalization Rate (All-In) 2.6%\nUse of Proceeds Debt Repayment and general corporate purposes", "attrs": {}, "canon": { "kind": { "name": "Table", "slug": "table", "status": "active", "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28", "version": 1, "description": "Tabular data layout." }, "tool": null, "subkind": { "name": "Data table", "slug": "data", "status": "active", "canonId": "019de52d-02d5-75b8-8abf-88e92bf63569", "version": 1, "description": null }, "framework": null }, "subkind": "data", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:59.554+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "bcad9b54-a257-42a4-be8d-f3752386740c", "parentComponentId": null }, { "bbox": { "h": 0.025, "w": 0.46, "x": 0.045, "y": 0.06 }, "kind": "title", "text": "Pending Disposition Highlights", "attrs": {}, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:59.554+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "d58305d0-2d8b-446c-8e02-76d5c06fd95b", "parentComponentId": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [], "loops": [], "locked": true }, { "page": 24, "type": "appendix", "function": "filler", "rawType": "other", "block": null, "metadata": { "slideType": "other", "slideTypeCanon": { "name": "Other (fallback)", "slug": "other", "status": "active", "canonId": "019de52d-0af5-71ed-83de-d51ae245fc43", "version": 1, "description": null }, "function": "filler", "functionCanon": { "name": "Filler", "slug": "filler", "status": "active", "canonId": "019de52d-1568-702b-ad12-428490978783", "version": 1, "description": null }, "density": "sparse", "densityScore": 10, "componentCount": 3, "textChars": 47, "nDataPoints": 0, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:34:55.901+00", "seconds": 3.18, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d78a-72df-bdfc-ab4dfa1610c2/24", "deck": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2", "deckAnchor": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2#slide-24", "deckJson": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2.json" }, "components": [ { "bbox": { "h": 1, "w": 1, "x": 0, "y": 0 }, "kind": "image", "text": null, "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:55.901+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "ea51da54-5f14-4f0a-b1a7-21cc113ad905", "parentComponentId": null }, { "bbox": { "h": 0.0167, "w": 0.2475, "x": 0.7208, "y": 0.9708 }, "kind": "source-note", "text": "Canopy New Orleans Downtown", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:55.901+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "661bf380-dfd9-4df0-a2ae-74c648ab86a5", "parentComponentId": null }, { "bbox": { "h": 0.0367, "w": 0.435, "x": 0.2825, "y": 0.1433 }, "kind": "title", "text": "SUMMIT BALANCE SHEET", "attrs": {}, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:55.901+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "b2254e82-a0f6-4c22-8717-3f1b8e05e926", "parentComponentId": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [], "loops": [], "locked": true }, { "page": 25, "type": "setup", "function": "present_framework", "rawType": "business_model", "block": null, "metadata": { "slideType": "business_model", "slideTypeCanon": { "name": "Business model", "slug": "business_model", "status": "active", "canonId": "019de52d-0fa6-7104-86d0-e5781f8b8b45", "version": 1, "description": null }, "function": "present_framework", "functionCanon": { "name": "Present framework", "slug": "present_framework", "status": "active", "canonId": "019de52d-1403-7667-9100-d2ac6709f750", "version": 1, "description": null }, "density": "overcrowded", "densityScore": 89, "componentCount": 8, "textChars": 1288, "nDataPoints": 18, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:34:58.809+00", "seconds": 6.052, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d78a-72df-bdfc-ab4dfa1610c2/25", "deck": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2", "deckAnchor": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2#slide-25", "deckJson": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2.json" }, "components": [ { "bbox": { "h": 0.38, "w": 0.919, "x": 0.046, "y": 0.509 }, "kind": "chart", "text": "Pro Forma Debt Maturity Schedule ($ in millions) (1) $500 $400 No outstanding maturities until Q4 2024 $300 $200 $100 $0 $0 2023 $15 $102 2024 $42 $225 $200 2025 $288 2026 $44 $209 2027 $7 2028 $3 2029+", "attrs": {}, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Stacked bar chart (100%)", "slug": "bar-stacked-100pct", "status": "active", "canonId": "019de52c-ff14-71b8-8d88-860f8d7da84b", "version": 1, "description": null }, "framework": null }, "subkind": "bar-stacked-100pct", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:58.809+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "98bc93cd-a8f5-4dbf-9e9a-c60ea84cda07", "parentComponentId": null }, { "bbox": { "h": 0.37, "w": 0.47, "x": 0.046, "y": 0.138 }, "kind": "chart", "text": "Pro Forma Capital Structure (1,2) $0.3b or 14.4% $0.8b or 37.5% Pro Rata Capitalization $2.1B $1.0b or 48.1%", "attrs": {}, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Donut chart", "slug": "donut", "status": "active", "canonId": "019de52d-0006-752c-9528-0fef476b8004", "version": 1, "description": null }, "framework": null }, "subkind": "donut", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:58.809+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "bbaddf31-c8aa-4c6c-a5cb-d4fdda128b89", "parentComponentId": null }, { "bbox": { "h": 0.04, "w": 0.11, "x": 0.845, "y": 0.93 }, "kind": "image", "text": "SUMMIT HOTEL PROPERTIES", "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Logo", "slug": "logo", "status": "active", "canonId": "019de52c-fdaf-743d-94c4-d7c6a0e55302", "version": 1, "description": null }, "framework": null }, "subkind": "logo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:58.809+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "8f86d48a-85db-405b-b0f6-e8a593dc01ed", "parentComponentId": null }, { "bbox": { "h": 0.29, "w": 0.458, "x": 0.509, "y": 0.19 }, "kind": "list", "text": "Liquidity (Undrawn Revolver Capacity + Cash): $0.5B Pro Rata Net Debt Outstanding: $1.0B Pro Rata Net Debt / Total Enterprise Value: 48% Average Length to Maturity: ~3 years Pro Forma Weighted Avg. Cost of Debt: 4.6% Consensus EBITDA / Fixed Charge Ratio (3) : 2.9x", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:58.809+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "c5331fa5-652a-47a7-9fd1-3e9335d08207", "parentComponentId": null }, { "bbox": { "h": 0.03, "w": 0.765, "x": 0.14, "y": 0.86 }, "kind": "list", "text": "JV MR1 Credit Facility JV MR3 Term Loan B of A Term Loan KeyBank Term Loan Convertible Debt Mortgage Debt JV Mortgage Debt", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:58.809+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "ecc59905-34c0-441f-b82b-d095493228cf", "parentComponentId": null }, { "bbox": { "h": 0.179, "w": 0.06, "x": 0.399, "y": 0.23 }, "kind": "list", "text": "Net Debt Common Equity Preferred Equity", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:58.809+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "fdcc37b1-886a-4a46-bad4-d0c9030eeb3a", "parentComponentId": null }, { "bbox": { "h": 0.06, "w": 0.89, "x": 0.046, "y": 0.91 }, "kind": "source-note", "text": "(1) Based on financials and pro rata debt as of March 31, 2023. Assumes fully-extended maturity dates for all loans, the sale of six pending dispositions for $79.9 million in cash, and the two new JV interest- rate swaps are effective.\n(2) Summit's market close price as of May 3, 2023. Amounts are pro rata.\n(3) Based on 2023E Consensus EBITDA of $209.5 million and fixed charges of pro rata 2023E principal, interest expense, and preferred dividends on a pro forma basis.", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:58.809+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "575d2ebd-1eb3-46c9-bfcd-5623340cb6e9", "parentComponentId": null }, { "bbox": { "h": 0.025, "w": 0.626, "x": 0.046, "y": 0.06 }, "kind": "title", "text": "Strong Balance Sheet and Liquidity Support Future Growth", "attrs": {}, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:58.809+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "c7f9ad41-6e2e-4316-b8ab-56ad51f75311", "parentComponentId": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [], "loops": [], "locked": true }, { "page": 26, "type": "setup", "function": "present_solution", "rawType": "unfair_advantage", "block": null, "metadata": { "slideType": "unfair_advantage", "slideTypeCanon": { "name": "Unfair advantage", "slug": "unfair_advantage", "status": "active", "canonId": "019de52d-0f56-744f-8bb4-c8a8cca240d6", "version": 1, "description": null }, "function": "present_solution", "functionCanon": { "name": "Present solution", "slug": "present_solution", "status": "active", "canonId": "019de52d-15b8-71da-bd23-2b767850cbce", "version": 1, "description": null }, "density": "overcrowded", "densityScore": 96, "componentCount": 14, "textChars": 1169, "nDataPoints": 14, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:35:04.8+00", "seconds": 11.887, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d78a-72df-bdfc-ab4dfa1610c2/26", "deck": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2", "deckAnchor": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2#slide-26", "deckJson": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2.json" }, "components": [ { "bbox": { "h": 0.375, "w": 0.47, "x": 0.519, "y": 0.539 }, "kind": "chart", "text": "Extended Swap Maturities (1)\n2024: $75 (2.86%)\n2025: $125 (2.92%)\n2026: $51 (3.35%)\n2027: $100 (2.60%)\n2029+: $100 (2.56%)", "attrs": { "chart_type": "bar", "data_points": [ { "x": 0.62, "y": 0.73, "value": 75 }, { "x": 0.68, "y": 0.65, "value": 125 }, { "x": 0.74, "y": 0.79, "value": 51 }, { "x": 0.8, "y": 0.69, "value": 100 }, { "x": 0.92, "y": 0.69, "value": 100 } ], "series_names": [ "Swap Maturities" ], "x_axis_labels": [ "2023", "2024", "2025", "2026", "2027", "2028", "2029+" ], "y_axis_labels": [ "$0", "$40", "$80", "$120", "$160" ] }, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Vertical bar chart", "slug": "bar-vertical", "status": "active", "canonId": "019de52c-fe9d-70f2-b3b7-a9ae294f5917", "version": 1, "description": null }, "framework": null }, "subkind": "bar-vertical", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:35:04.8+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "2d0b1264-ce2b-48c9-8755-87b29ec0a667", "parentComponentId": null }, { "bbox": { "h": 0.375, "w": 0.47, "x": 0.519, "y": 0.139 }, "kind": "chart", "text": "Minimal Near-Term Debt Maturities (1,3)\nSummit: 10%\nPeer Avg: 38%", "attrs": { "chart_type": "bar", "data_points": [ { "x": 0.668, "y": 0.43, "value": 10 }, { "x": 0.856, "y": 0.32, "value": 38 } ], "series_names": [ "Summit", "Peer Avg" ], "x_axis_labels": [ "Summit", "Peer Avg" ], "y_axis_labels": [ "0%", "15%", "30%", "45%", "60%" ] }, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Vertical bar chart", "slug": "bar-vertical", "status": "active", "canonId": "019de52c-fe9d-70f2-b3b7-a9ae294f5917", "version": 1, "description": null }, "framework": null }, "subkind": "bar-vertical", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:35:04.8+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "c4c4957a-7733-4d6a-bd39-b15e94616188", "parentComponentId": null }, { "bbox": { "h": 0.375, "w": 0.47, "x": 0.046, "y": 0.139 }, "kind": "chart", "text": "Exceptional Liquidity Profile Among the Industry's Best (1,2,3)\nSummit: 61%\nPeer Avg: 32%", "attrs": { "chart_type": "bar", "data_points": [ { "x": 0.208, "y": 0.23, "value": 61 }, { "x": 0.396, "y": 0.35, "value": 32 } ], "series_names": [ "Summit", "Peer Avg" ], "x_axis_labels": [ "Summit", "Peer Avg" ], "y_axis_labels": [ "0%", "15%", "30%", "45%", "60%" ] }, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Vertical bar chart", "slug": "bar-vertical", "status": "active", "canonId": "019de52c-fe9d-70f2-b3b7-a9ae294f5917", "version": 1, "description": null }, "framework": null }, "subkind": "bar-vertical", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:35:04.8+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "fe562da0-0e6e-41da-8332-5d9e95793dcb", "parentComponentId": null }, { "bbox": { "h": 0.375, "w": 0.47, "x": 0.046, "y": 0.539 }, "kind": "chart", "text": "Limited Variable-Rate Debt Exposure (1)\nTotal Variable Debt: 20%\nTotal Fixed Debt + Preferred: 80%", "attrs": { "chart_type": "pie", "data_points": [ { "label": "Total Variable Debt", "value": 20 }, { "label": "Total Fixed Debt + Preferred", "value": 80 } ], "series_names": [ "Total Variable Debt", "Total Fixed Debt + Preferred" ] }, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Pie chart", "slug": "pie", "status": "active", "canonId": "019de52c-ffdb-71bb-a800-5c5ab9f1c373", "version": 1, "description": null }, "framework": null }, "subkind": "pie", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:35:04.8+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "38c7388c-d5ae-4d56-b063-e31e2f56881c", "parentComponentId": null }, { "bbox": { "h": 0.043, "w": 0.11, "x": 0.843, "y": 0.93 }, "kind": "image", "text": "SUMMIT HOTEL PROPERTIES", "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Logo", "slug": "logo", "status": "active", "canonId": "019de52c-fdaf-743d-94c4-d7c6a0e55302", "version": 1, "description": null }, "framework": null }, "subkind": "logo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:35:04.8+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "9a2e52a6-a0df-46eb-95b1-0d2e7d8519e8", "parentComponentId": null }, { "bbox": { "h": 0.02, "w": 0.406, "x": 0.09, "y": 0.579 }, "kind": "list", "text": "Only 20% of pro rata debt and preferred with variable interest rates", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:35:04.8+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "1c3d5893-86cf-4a33-9902-fa4f6ef29411", "parentComponentId": null }, { "bbox": { "h": 0.02, "w": 0.417, "x": 0.54, "y": 0.579 }, "kind": "list", "text": "Blended swap rate of 2.74% with an average maturity of 3.4 years", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:35:04.8+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "94bd4c06-8960-43a0-8592-97ac4efeb82a", "parentComponentId": null }, { "bbox": { "h": 0.02, "w": 0.417, "x": 0.54, "y": 0.179 }, "kind": "list", "text": "Only 10% of pro rata debt matures by 2024 limiting interest rate refinancing risk", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:35:04.8+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "a279e28b-7cbe-4ffa-9d25-b958d55e2fc9", "parentComponentId": null }, { "bbox": { "h": 0.02, "w": 0.406, "x": 0.09, "y": 0.179 }, "kind": "list", "text": "Nearly $500 million of total liquidity (61% of equity market cap)", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:35:04.8+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "dfe8ec3f-5d4c-4f48-8ea3-29d8ac8430c0", "parentComponentId": null }, { "bbox": { "h": 0.028, "w": 0.805, "x": 0.05, "y": 0.917 }, "kind": "source-note", "text": "(1) Based on financials and pro rata debt as of March 31, 2023. Assumes fully-extended maturity dates for all loans, the sale of six pending dispositions for $79.9 million in cash, and the two new JV interest-rate swaps are effective.", "attrs": { "numbered": true }, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:35:04.8+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "4ad9d5f0-47f1-4ec9-87b9-be886fe62c7c", "parentComponentId": null }, { "bbox": { "h": 0.013, "w": 0.42, "x": 0.05, "y": 0.509 }, "kind": "source-note", "text": "Note: total liquidity represented above as a % of equity market cap", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:35:04.8+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "db114241-bb65-48fb-baee-59636d2928ae", "parentComponentId": null }, { "bbox": { "h": 0.013, "w": 0.45, "x": 0.05, "y": 0.96 }, "kind": "source-note", "text": "(3) Peer data from SNL based on the Q4 2022 reported data available.", "attrs": { "numbered": true }, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:35:04.8+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "f6000e60-479b-4597-9817-884413556559", "parentComponentId": null }, { "bbox": { "h": 0.013, "w": 0.45, "x": 0.05, "y": 0.946 }, "kind": "source-note", "text": "(2) Summit's market close price as of May 3, 2023. Amounts are pro rata.", "attrs": { "numbered": true }, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:35:04.8+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "fa3277e0-9f8e-476c-a8fd-d10722437f11", "parentComponentId": null }, { "bbox": { "h": 0.03, "w": 0.899, "x": 0.046, "y": 0.047 }, "kind": "title", "text": "Balance Sheet Well-Positioned for Current Environment", "attrs": {}, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:35:04.8+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "4636bc3b-8d03-4d24-ac0c-da37fa26953b", "parentComponentId": null } ], "metrics": [], "tools": [ { "tool": { "name": "2x2 matrix", "slug": "matrix-2x2", "status": "active", "bestFor": null, "canonId": "019dd9e1-50ab-72d1-8afb-3ab0a38e32a8", "version": 1, "bodyDocId": null, "description": "BCG matrix, importance/urgency, any axes-and-quadrants frame.", "familyLabel": null, "categoryName": null, "categorySlug": null }, "agent": null, "layer": "slide", "agents": null, "matchId": "012d316a-dce0-45c8-92d4-b0a6fa73efcc", "evidence": "chart/pie: Limited Variable-Rate Debt Exposure", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.5, "extraction": { "at": "2026-07-17 01:45:50.575288+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 26, "whyItWorks": null, "antipattern": null, "cardinality": "common", "narrativePurpose": null }, { "tool": { "name": "Waterfall chart", "slug": "waterfall-chart", "status": "active", "bestFor": null, "canonId": "e2799da3-725f-44a9-a093-570f1f388e64", "version": 1, "bodyDocId": null, "description": null, "familyLabel": null, "categoryName": null, "categorySlug": null }, "agent": null, "layer": "slide", "agents": null, "matchId": "867b2940-3f24-4f1f-8688-d4567152dac8", "evidence": "chart/bar-vertical: Extended Swap Maturities", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.7, "extraction": { "at": "2026-07-17 01:45:50.538211+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 26, "whyItWorks": null, "antipattern": null, "cardinality": null, "narrativePurpose": null } ], "frameworks": [], "arcBeats": [], "loops": [], "locked": true }, { "page": 27, "type": "setup", "function": "transition", "rawType": "section_divider", "block": null, "metadata": { "slideType": "section_divider", "slideTypeCanon": { "name": "Section divider", "slug": "section_divider", "status": "active", "canonId": "019de52d-066a-7402-9554-6ae504999041", "version": 1, "description": null }, "function": "transition", "functionCanon": { "name": "Transition", "slug": "transition", "status": "active", "canonId": "019de52d-1365-7149-92aa-66df859e75fd", "version": 1, "description": null }, "density": "sparse", "densityScore": 11, "componentCount": 3, "textChars": 67, "nDataPoints": 0, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:34:55.86+00", "seconds": 2.943, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d78a-72df-bdfc-ab4dfa1610c2/27", "deck": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2", "deckAnchor": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2#slide-27", "deckJson": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2.json" }, "components": [ { "bbox": { "h": 1, "w": 1, "x": 0, "y": 0 }, "kind": "image", "text": null, "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Photo", "slug": "photo", "status": "active", "canonId": "019de52c-fd37-757f-b4a8-ca26d4888875", "version": 1, "description": null }, "framework": null }, "subkind": "photo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:55.86+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "47cf0c2d-39a1-4fda-9818-de6faeaf9c07", "parentComponentId": null }, { "bbox": { "h": 0.02, "w": 0.21, "x": 0.76, "y": 0.96 }, "kind": "source-note", "text": "Courtyard Scottsdale North", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:55.86+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "4cb0fd91-9ab0-45a6-a55a-e26747fc5f3b", "parentComponentId": null }, { "bbox": { "h": 0.049, "w": 0.906, "x": 0.047, "y": 0.14 }, "kind": "title", "text": "SUMMIT ESG PROGRAM & CORPORATE LEADERSHIP", "attrs": {}, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:55.86+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "6d20d13d-5aa6-4b0a-ae29-78a222377ed0", "parentComponentId": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [], "loops": [], "locked": true }, { "page": 28, "type": "appendix", "function": "establish_context", "rawType": "other", "block": null, "metadata": { "slideType": "other", "slideTypeCanon": { "name": "Other (fallback)", "slug": "other", "status": "active", "canonId": "019de52d-0af5-71ed-83de-d51ae245fc43", "version": 1, "description": null }, "function": "establish_context", "functionCanon": { "name": "Establish context", "slug": "establish_context", "status": "active", "canonId": "019de52d-1314-74e6-9074-d213dc0bdcdf", "version": 1, "description": null }, "density": "overcrowded", "densityScore": 76, "componentCount": 6, "textChars": 2727, "nDataPoints": 1, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:34:59.726+00", "seconds": 6.29, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d78a-72df-bdfc-ab4dfa1610c2/28", "deck": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2", "deckAnchor": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2#slide-28", "deckJson": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2.json" }, "components": [ { "bbox": { "h": 0.46, "w": 0.299, "x": 0.35, "y": 0.39 }, "kind": "list", "text": "Provide increased career development opportunities for women and minorities to promote their growth and scope of responsibility.\nRequire Summit employees to complete human rights training, including harassment and human trafficking awareness and prevention training.\nFurther cultivate a culture of connectedness based on our primary values of passion, integrity, and excellence.\nAdvance a supportive and inclusive work environment where all employees are empowered to succeed.\nExpand the activities of our charitable foundation to carry out our vision and mission.\nContribute meaningfully to our local communities through volunteer service hours and donation.", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:59.726+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "3a8602cc-2b66-4533-8f75-d371af66d1cd", "parentComponentId": null }, { "bbox": { "h": 0.46, "w": 0.299, "x": 0.655, "y": 0.39 }, "kind": "list", "text": "Maintain the highest standards of ethics and corporate governance.\nSupport stakeholder rights.\nMaintain open and effective lines of communication with stakeholders.\nEnsure active risk management to incorporate evolving threats to our business and the integrity and availability of our systems and services.\nMaintain the integrity and security of our systems and data.\nContinue to strengthen out portfolio against environmental-related risk through active risk management, continuous property enhancements and preventative maintenance.", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:59.726+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "72685c5e-369c-4d51-ac25-85a58a557fb5", "parentComponentId": null }, { "bbox": { "h": 0.426, "w": 0.299, "x": 0.045, "y": 0.39 }, "kind": "list", "text": "Set reduction targets for emissions and water in alignment with the Greenhouse Gas Protocol.\nIncrease our number of green certified hotels through acquisition, renovation, construction and tenant engagement programs.\nEstablish a Resource Management Program to improve our environmental performance and enhance asset value.\nDecrease construction waste through recycling and upcycling.\nIncrease the recycling participation at our hotels.\nContinue to preserve and protect our historical buildings.\nSupport and maintain the environmental programs and initiatives established by our brand partners.", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:59.726+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "cc9853c9-b25e-4ff1-83a2-6bbe99f08b9d", "parentComponentId": null }, { "bbox": { "h": 0.139, "w": 0.84, "x": 0.083, "y": 0.133 }, "kind": "paragraph", "text": "We established our ESG program in 2018 with the purpose of creating long-term value for our stakeholders by investing responsibly in our business, environment, people and communities. Our program goals align with ISS and GRI frameworks to better identify ESG indicators that are material to our business. In 2021, we set performance reduction targets in alignment with the Greenhouse Gas Protocol (\"GHG Protocol\"), which supplies the world's most widely used greenhouse gas standards. We also established a corporate-level ESG steering committee, including subcommittees to prioritize and guide ESG goals and initiatives. Our ESG program and reporting are overseen by our Board of Directors and senior management and a component of executive compensation is tied to the progress of our ESG program.", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:59.726+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "5d8e079b-57a0-4e0b-ad61-cf9ce3997d95", "parentComponentId": null }, { "bbox": { "h": 0.012, "w": 0.56, "x": 0.045, "y": 0.923 }, "kind": "source-note", "text": "Note: Please see the Responsibility section of the Company's website for more information.", "attrs": { "numbered": true }, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:59.726+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "d3458702-9b33-45dd-b588-294c561afca1", "parentComponentId": null }, { "bbox": { "h": 0.025, "w": 0.64, "x": 0.045, "y": 0.06 }, "kind": "title", "text": "Leading Environmental, Social, and Governance Program", "attrs": {}, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:34:59.726+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "364130e2-f6e9-4e50-a17e-33a546fec833", "parentComponentId": null } ], "metrics": [], "tools": [ { "tool": { "name": "List presentation", "slug": "list-presentation", "status": "active", "bestFor": null, "canonId": "019dd9e1-4ef7-777d-ba68-9074c2b3bcf1", "version": 1, "bodyDocId": null, "description": "Bulleted, numbered, or checklist enumerations.", "familyLabel": null, "categoryName": null, "categorySlug": null }, "agent": null, "layer": "slide", "agents": null, "matchId": "53dcbe31-b316-488e-9cb5-69e9f39e55ed", "evidence": "list/bullet: Provide increased career development opportunities", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.8, "extraction": { "at": "2026-07-17 01:45:50.686872+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 28, "whyItWorks": null, "antipattern": null, "cardinality": "common", "narrativePurpose": null } ], "frameworks": [], "arcBeats": [], "loops": [], "locked": true }, { "page": 29, "type": "appendix", "function": "establish_context", "rawType": "other", "block": null, "metadata": { "slideType": "other", "slideTypeCanon": { "name": "Other (fallback)", "slug": "other", "status": "active", "canonId": "019de52d-0af5-71ed-83de-d51ae245fc43", "version": 1, "description": null }, "function": "establish_context", "functionCanon": { "name": "Establish context", "slug": "establish_context", "status": "active", "canonId": "019de52d-1314-74e6-9074-d213dc0bdcdf", "version": 1, "description": null }, "density": "overcrowded", "densityScore": 97, "componentCount": 12, "textChars": 2868, "nDataPoints": 26, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:35:02.155+00", "seconds": 8.066, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d78a-72df-bdfc-ab4dfa1610c2/29", "deck": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2", "deckAnchor": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2#slide-29", "deckJson": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2.json" }, "components": [ { "bbox": { "h": 0.16, "w": 0.35, "x": 0.04, "y": 0.538 }, "kind": "chart", "text": "Corporate Employees (4) Gender: Male 49%, Female 51%. Race & Ethnicity: Caucasians 80%, Minorities 20%. Age: Under 30 years old 25%, 30-50 years old 54%, Over 50 years old 21%.", "attrs": {}, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Donut chart", "slug": "donut", "status": "active", "canonId": "019de52d-0006-752c-9528-0fef476b8004", "version": 1, "description": null }, "framework": null }, "subkind": "donut", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:35:02.155+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "28dcb24a-d900-44a9-8faf-1f8629a9d2a8", "parentComponentId": null }, { "bbox": { "h": 0.16, "w": 0.35, "x": 0.04, "y": 0.708 }, "kind": "chart", "text": "Hotel Employees (5)(6) Gender: Male 62%, Female 38%. Race & Ethnicity: Caucasians 57%, Minorities 25%, Not Specified 18%. Age: Under 30 years old 25%, 30-50 years old 44%, Over 50 years old 31%.", "attrs": {}, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Donut chart", "slug": "donut", "status": "active", "canonId": "019de52d-0006-752c-9528-0fef476b8004", "version": 1, "description": null }, "framework": null }, "subkind": "donut", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:35:02.155+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "482ba592-bd9a-4c09-a2d0-5c004f535d91", "parentComponentId": null }, { "bbox": { "h": 0.049, "w": 0.12, "x": 0.844, "y": 0.93 }, "kind": "image", "text": "SUMMIT HOTEL PROPERTIES logo", "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Logo", "slug": "logo", "status": "active", "canonId": "019de52c-fdaf-743d-94c4-d7c6a0e55302", "version": 1, "description": null }, "framework": null }, "subkind": "logo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:35:02.155+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "0f23ca42-ee97-4497-9cc2-3861a365220e", "parentComponentId": null }, { "bbox": { "h": 0.256, "w": 0.204, "x": 0.067, "y": 0.209 }, "kind": "list", "text": "Established a corporate-level ESG steering committee, including subcommittees.\nJoined the AHLA Sustainability Committee to advise on industry best practices related to environmental sustainability and resilience.\nEvaluated our hotel management company's ESG programs for improved integration and collaboration with our ESG goals and initiatives.", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:35:02.155+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "6dbb42b2-a89f-48ac-b89b-1b8a02ff7ee5", "parentComponentId": null }, { "bbox": { "h": 0.39, "w": 0.204, "x": 0.42, "y": 0.489 }, "kind": "list", "text": "Contracted Green RECs, equivalent to powering for 454 homes for one year(2).\nConducted a portfolio-wide water risk assessment utilizing the WRI Aqueduct Tool.\nAchieved 2021 Energy Star Certifications for four additional hotel properties. We have 8 total green certified hotel properties in our portfolio.\nInstalled electric vehicle charging stations at our Hampton Inn & Suites Silverthorne, as a pilot program for developing a portfolio-wide infrastructure implementation strategy.", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:35:02.155+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "a304528e-aa89-42b5-9984-c017238a8691", "parentComponentId": null }, { "bbox": { "h": 0.606, "w": 0.307, "x": 0.66, "y": 0.26 }, "kind": "list", "text": "38% of our Independent Board Members were female or minorities(3).\nOver the past year, we have increased the percentage of our workforce that is female from 45% to 49%\nExtended our Paid Parental Leave to 8 weeks to support employee health and well-being.\nFormalized a hybrid work model to promote employee work-life balance.\n6+ year average tenure for employees and 12+ year average tenure among senior management.\nConducted a company-wide educational session on the importance of ESG.\nOver 90% of corporate employees reported high levels of satisfaction regarding tools, technologies and resources, work-life balance and flexibility provided in our remote work environment.\nFormed a community partnership with Partnerships for Children, a nonprofit organization that supports children and families in CPS.", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:35:02.155+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "db44f242-5d47-4841-80de-236d585f2190", "parentComponentId": null }, { "bbox": { "h": 0.026, "w": 0.05, "x": 0.304, "y": 0.38 }, "kind": "metric", "text": "10%", "attrs": {}, "canon": { "kind": { "name": "Metric", "slug": "metric", "status": "active", "canonId": "019de52c-f923-73bf-8081-d0b1a8c5264d", "version": 1, "description": "Big-number or KPI value." }, "tool": null, "subkind": { "name": "Big number", "slug": "big-number", "status": "active", "canonId": "019de52c-fc70-70c8-b965-0584548a9204", "version": 1, "description": null }, "framework": null }, "subkind": "big-number", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:35:02.155+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "0c9317c3-8314-4589-9412-04fbd4eeb7eb", "parentComponentId": null }, { "bbox": { "h": 0.026, "w": 0.05, "x": 0.304, "y": 0.25 }, "kind": "metric", "text": "30%", "attrs": {}, "canon": { "kind": { "name": "Metric", "slug": "metric", "status": "active", "canonId": "019de52c-f923-73bf-8081-d0b1a8c5264d", "version": 1, "description": "Big-number or KPI value." }, "tool": null, "subkind": { "name": "Big number", "slug": "big-number", "status": "active", "canonId": "019de52c-fc70-70c8-b965-0584548a9204", "version": 1, "description": null }, "framework": null }, "subkind": "big-number", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:35:02.155+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "ebf10199-d675-421a-acd2-777fe90373a8", "parentComponentId": null }, { "bbox": { "h": 0.046, "w": 0.227, "x": 0.375, "y": 0.38 }, "kind": "paragraph", "text": "WATER INTENSITY REDUCTION TARGET (PER ROOM OCCUPIED) BY 2030 COMPARED TO OUR 2019 BASELINE YEAR", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:35:02.155+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "0a2e8dbc-96d8-4044-ad29-631a449c84bd", "parentComponentId": null }, { "bbox": { "h": 0.046, "w": 0.227, "x": 0.375, "y": 0.25 }, "kind": "paragraph", "text": "EMISSIONS INTENSITY REDUCTION TARGET (PER SQUARE FOOT) BY 2025 COMPARED TO OUR 2019 BASELINE YEAR", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:35:02.155+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "c54c8ad1-d901-46d4-884d-40556036dad8", "parentComponentId": null }, { "bbox": { "h": 0.075, "w": 0.668, "x": 0.049, "y": 0.905 }, "kind": "source-note", "text": "(1) Information is as of December 31, 2021.\n(2) Equivalent based on U.S. EPA's GHG Equivalencies Calculator: http://www.epa.gov/energy/greenhouse-gas-equivalencies-calculator.\n(3) Information is as of January 13, 2022.\n(4) Information is as of 5.31.2022, and is for regular full-time employees of Summit Hotel Properties, Inc.\n(5) Information is as of 12.31.2021 and reflects employees at 66 of our 73 hotels.\n(6) Employees at our hotels are not employees of Summit Hotel Properties, Inc, but are employees of our third-party property managers that operate our hotels on our behalf.", "attrs": { "numbered": true }, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:35:02.155+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "fbe360e6-92fa-4d64-81a3-edd4a0988c6f", "parentComponentId": null }, { "bbox": { "h": 0.026, "w": 0.619, "x": 0.049, "y": 0.055 }, "kind": "title", "text": "Leading Environmental, Social, and Governance Program (1)", "attrs": {}, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:35:02.155+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "d41e53ac-8560-416b-8a7a-3887cfbea350", "parentComponentId": null } ], "metrics": [], "tools": [ { "tool": { "name": "Chartjunk Elimination", "slug": "chartjunk-elimination", "status": "active", "bestFor": null, "canonId": "019dd956-b49e-7453-ab01-b60f338eeda1", "version": 1, "bodyDocId": null, "description": "Remove decorative elements that don't convey data: 3D effects, shadows, unnecessary gridlines", "familyLabel": null, "categoryName": "Slide", "categorySlug": "slide" }, "agent": "Designer", "layer": "slide", "agents": [ "Designer" ], "matchId": "3d0c1254-e786-4eb8-9def-f75b790528cf", "evidence": "chart/donut: Hotel Employees", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.7, "extraction": { "at": "2026-07-17 01:45:50.758968+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 29, "whyItWorks": null, "antipattern": null, "cardinality": null, "narrativePurpose": null } ], "frameworks": [], "arcBeats": [], "loops": [], "locked": true }, { "page": 30, "type": "setup", "function": "establish_context", "rawType": "team_bio", "block": null, "metadata": { "slideType": "team_bio", "slideTypeCanon": { "name": "Team bio", "slug": "team_bio", "status": "active", "canonId": "019de52d-0a7d-7394-ae5b-037478e71f1e", "version": 1, "description": null }, "function": "establish_context", "functionCanon": { "name": "Establish context", "slug": "establish_context", "status": "active", "canonId": "019de52d-1314-74e6-9074-d213dc0bdcdf", "version": 1, "description": null }, "density": "overcrowded", "densityScore": 86, "componentCount": 8, "textChars": 1875, "nDataPoints": 1, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:35:03.059+00", "seconds": 7.319, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d78a-72df-bdfc-ab4dfa1610c2/30", "deck": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2", "deckAnchor": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2#slide-30", "deckJson": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2.json" }, "components": [ { "bbox": { "h": 0.222, "w": 0.179, "x": 0.04, "y": 0.388 }, "kind": "image", "text": null, "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Headshot", "slug": "headshot", "status": "active", "canonId": "019de52c-fd5f-765c-9282-38b54f61bbbf", "version": 1, "description": null }, "framework": null }, "subkind": "headshot", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:35:03.059+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "13132ec3-fd0d-498b-8fab-e4bfb1ca50fc", "parentComponentId": null }, { "bbox": { "h": 0.222, "w": 0.179, "x": 0.04, "y": 0.134 }, "kind": "image", "text": null, "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Headshot", "slug": "headshot", "status": "active", "canonId": "019de52c-fd5f-765c-9282-38b54f61bbbf", "version": 1, "description": null }, "framework": null }, "subkind": "headshot", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:35:03.059+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "3b8964f1-c5c7-456c-80ee-ee2ac3a3f1da", "parentComponentId": null }, { "bbox": { "h": 0.039, "w": 0.118, "x": 0.847, "y": 0.93 }, "kind": "image", "text": null, "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Logo", "slug": "logo", "status": "active", "canonId": "019de52c-fdaf-743d-94c4-d7c6a0e55302", "version": 1, "description": null }, "framework": null }, "subkind": "logo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:35:03.059+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "9e7d9694-9fdb-435f-8fac-18b04939c16d", "parentComponentId": null }, { "bbox": { "h": 0.277, "w": 0.905, "x": 0.04, "y": 0.621 }, "kind": "image", "text": null, "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Photo", "slug": "photo", "status": "active", "canonId": "019de52c-fd37-757f-b4a8-ca26d4888875", "version": 1, "description": null }, "framework": null }, "subkind": "photo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:35:03.059+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "7b1a9003-2eeb-4c8a-ae02-7f3dfbf63be2", "parentComponentId": null }, { "bbox": { "h": 0.349, "w": 0.716, "x": 0.229, "y": 0.399 }, "kind": "list", "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.", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:35:03.059+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "5665812c-cb55-45ec-a114-84fa31970fc6", "parentComponentId": null }, { "bbox": { "h": 0.299, "w": 0.716, "x": 0.229, "y": 0.134 }, "kind": "list", "text": "JONATHAN STANNER\nPRESIDENT AND CHIEF EXECUTIVE OFFICER\nMr. Stanner joined Summit Hotel Properties in April 2017 and most recently served as the company's Executive Vice President and Chief Financial Officer.\nPrior to joining Summit, Mr. Stanner was Chief Executive Officer at Strategic Hotels & Resorts, a former NYSE-listed company acquired by an affiliate of The Blackstone Group in 2015. During his tenure at Strategic Hotels & Resorts from 2005 to 2015, Mr. Stanner also held various other senior positions with the company, including Chief Financial Officer, Senior Vice President - Capital Markets, Acquisitions, and Treasurer and Director of Corporate Finance. Prior to his time at Strategic Hotels, Mr. Stanner was an investment banking analyst for Banc of America Securities.\nMr. Stanner holds both a B.S. in Management and an MBA from the Krannert School of Management at Purdue University.", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:35:03.059+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "b487deaf-12fa-4424-a001-6f780219845b", "parentComponentId": null }, { "bbox": { "h": 0.013, "w": 0.169, "x": 0.049, "y": 0.88 }, "kind": "source-note", "text": "AC Hotel Frisco Station Marriott", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:35:03.059+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "45fc3bd7-ca50-443e-b920-6e099641acc2", "parentComponentId": null }, { "bbox": { "h": 0.025, "w": 0.566, "x": 0.047, "y": 0.055 }, "kind": "title", "text": "Experienced Leadership Driving Success", "attrs": {}, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:35:03.059+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "3583451a-233c-49f1-be73-f88eee956ae9", "parentComponentId": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 30, "arc": { "name": "The Sequoia Pitch", "slug": "sequoia-pitch", "status": "active", "bestFor": "Investor pitches, Series A/B, board presentations", "canonId": "019dd956-5e69-75a7-a0a4-895ac1bc0444", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem -> Solution -> Why Now -> Market Size -> Competition -> Product -> Business Model -> Team -> Financials -> The Ask", "description": null, "familyLabel": null }, "from": 30, "name": "Team", "beatId": "16a12f5e-7542-4778-aa18-f8dc79aba9cd", "matchId": "93d10d54-20f8-4234-b953-c2d1b78ee8cc", "beatType": { "name": "Team", "slug": "sequoia-pitch-team", "status": "active", "canonId": "019dd9b8-23c9-746f-aaf9-2f5d83892cf3", "version": 1, "description": null }, "evidence": "The document concludes with a section on the experienced leadership driving success.", "position": 4, "isPrimaryArc": true, "parentBeatType": { "name": "Evidence", "slug": "evidence", "status": "active", "canonId": "019dd9b8-03f9-772a-b84a-4f07b415b77a", "version": 1, "description": "A dedicated proof beat exists in only ~4 arcs (Gambit, Sequoia, AIDA, Monroes). Other arcs embed evidence inline within development." }, "alignedBlockIds": null, "matchConfidence": 0.8 } ], "loops": [], "locked": true } ], "arcBeats": [ { "from": 3, "to": 4, "label": "Problem", "description": "The document presents an overview of the company and the investment thesis." }, { "from": 5, "to": 10, "label": "Solution", "description": "The document outlines Summit's efficient operating model and best-in-class platform." }, { "from": 11, "to": 12, "label": "Market Size", "description": "The document discusses the premier portfolio with broad geographic diversification and concentration in high growth sun belt markets." }, { "from": 13, "to": 16, "label": "Competition", "description": "The document presents a competitive analysis of Summit's RevPAR premium and operating margins." }, { "from": 30, "to": 30, "label": "Team", "description": "The document concludes with a section on the experienced leadership driving success." } ], "loops": [ { "from": 8, "to": 9, "label": "Zoom In", "description": "To highlight Summit's outperformance and RevPAR growth" }, { "from": 15, "to": 16, "label": "Why Now", "description": "To explain the current market conditions and Summit's position" }, { "from": 20, "to": 22, "label": "Quick Win Big Bet", "description": "To showcase Summit's targeted capital allocation strategy and growth opportunities" } ] }