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  "documentTitle": "Summit Hotel Properties | Investor Presentation Deck | 32 slides",
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  "authorName": "Summit Hotel Properties",
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      "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",
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      "text": "Two-Pack Portfolio Sale\nThe 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",
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      "text": "Four-Pack Portfolio Sale\nThe 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",
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