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"parentComponentId": null }, { "bbox": { "h": 0.066, "w": 0.42, "x": 0.53, "y": 0.444 }, "kind": "list", "text": "Embassy Suites Tucson Paloma Village Acquired for $26MM\nComplexing opportunity with Homewood Suites Tucson\nMarket-leading hotel situated on six acres in high barrier to entry submarket", "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 08:03:13.515+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "1d9535b2-7211-428d-8b65-7842e0ac64cf", "parentComponentId": null }, { "bbox": { 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Acquired for $33MM\nNewly opened in December 2020\nDiscount to estimated replacement cost", "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 08:03:13.515+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "78d92345-2e53-4f44-8fd0-a16aee0be445", "parentComponentId": null }, { "bbox": { "h": 0.088, "w": 0.42, "x": 0.53, "y": 0.539 }, "kind": "list", "text": "NewcrestImage Portfolio Acquired for $822MM\n27 Hotels, 2 Parking Garages, and Financial Incentives\nAttractive basis and increased exposure 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"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 08:03:13.515+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "ba76aea3-156c-45a1-bf81-6b436bdb5e25", "parentComponentId": null }, { "bbox": { "h": 0.088, "w": 0.42, "x": 0.53, "y": 0.745 }, "kind": "list", "text": "Residence Inn Scottsdale North Acquired for $29MM\nComplexing opportunity with the Courtyard and SpringHill Suites Scottsdale\nFully renovated in 2019\nEstimated 8.0% to 8.5% cap rate for the full year 2023", "attrs": {}, "canon": { 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{ "bbox": { "h": 0.013, "w": 0.25, "x": 0.047, "y": 0.265 }, "kind": "paragraph", "text": "RECENT ACQUISITION HIGHLIGHT", "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 08:03:13.852+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "a75e3ce3-9f29-4089-b8d4-54b842b086c6", "parentComponentId": null }, { "bbox": { "h": 0.01, "w": 0.44, "x": 0.047, "y": 0.927 }, "kind": "source-note", "text": "2. Based on the hotel purchase price exclusive of the parking structures and incentives.", "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 08:03:13.852+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "33d4ce18-22f2-44b0-a293-51c118e4f478", "parentComponentId": null }, { "bbox": { "h": 0.01, "w": 0.37, "x": 0.45, "y": 0.939 }, "kind": "source-note", "text": "4. Onera yield based on the initial investment amount of $5 million.", "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 08:03:13.852+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "4cff295a-3dac-4ef3-bc54-85dcf7af7d2d", "parentComponentId": null }, { "bbox": { "h": 0.01, "w": 0.25, "x": 0.047, "y": 0.913 }, "kind": "source-note", "text": "1. Based on the 67 same store hotels.", "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 08:03:13.852+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "8cba0c94-3379-46e3-8aa2-2da070141e70", "parentComponentId": null }, { "bbox": { "h": 0.023, "w": 0.44, "x": 0.45, "y": 0.913 }, "kind": "source-note", "text": "3. Est. stabilized yields based on full year underwritten NOI. 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Green-Certified Hotel Properties in Portfolio\nAchieved 2021 Energy Star certifications for 4 additional properties", "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 08:03:22.025+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "e739f37f-ba4c-48a2-866c-41d69bf127b3", "parentComponentId": null }, { "bbox": { "h": 0.06, "w": 0.909, "x": 0.048, "y": 0.91 }, "kind": "source-note", "text": "1. 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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. 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