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  "documentTitle": "Summit Hotel Properties | Investor Presentation Deck | 30 slides",
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      "text": "Q4 2022 margins down 130 bps vs 2019 compared to 430 bps in Q1 2022",
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      "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",
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      "text": "Courtyard Charlotte City Center",
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      "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",
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      "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",
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      "text": "Based on pro forma GOP Margin for the applicable periods relating to the 103 lodging assets owned as of May 3, 2023.",
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