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  "documentTitle": "Summit Hotel Properties | Investor Presentation Deck | 30 slides",
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  "authorName": "Summit Hotel Properties",
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  "presentationDate": "2023-05-01 00:00:00",
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      "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%",
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      "text": "SUMMIT HOTEL PROPERTIES",
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      "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)",
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      "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.",
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      "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%",
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