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  "documentTitle": "2023 04 Investor Presentation",
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  "authorName": "Summit Hotel Properties",
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      "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.",
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      "text": "92-Hotel Comparable Portfolio RevPAR Recapture vs 2019",
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      "text": "% of Portfolio by STR Location",
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      "kind": "disclaimer",
      "text": "(1) Based on guestroom count for the 103 lodging assets owned as of December 31, 2022. (2) Based on pro forma financials for the 92 comparable lodging assets owned as of December 31, 2022.",
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      "text": "Comparable weekday RevPAR in the fourth quarter recovered to only 86% of pre-pandemic levels compared to weekend RevPAR recovery of 107% of pre-pandemic levels. However, December performance was particularly strong with comparable portfolio RevPAR recapturing 97% of pre-pandemic levels for the full week. For the full year 2022, weekday RevPAR improved significantly, growing 45% compared to last year versus weekend RevPAR growth of 24%. Strengthening corporate and group demand drove improving fundamentals in key urban markets such as Boston, Chicago, Dallas, Miami, and Nashville.",
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      "text": "Urban and Weekday Demand Driving Next Phase of Lodging Recovery",
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