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  "documentTitle": "Summit Hotel Properties | Investor Presentation Deck | 30 slides",
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      "text": "92-Hotel Comparable Portfolio RevPAR Recapture vs 2019 (2)\nFY 2021: Weekday 57%, Weekend 83%, Comparable 66%\nQ1 2022: Weekday 70%, Weekend 95%, Comparable 79%\nQ2 2022: Weekday 85%, Weekend 106%, Comparable 93%\nQ3 2022: Weekday 87%, Weekend 103%, Comparable 94%\nQ4 2022: Weekday 86%, Weekend 107%, Comparable 95%\nFY 2022: Weekday 82%, Weekend 103%, Comparable 90%\nQ1 2023: Weekday 86%, Weekend 105%, Comparable 93%",
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      "text": "% of Portfolio by STR Location (1)\nAirport 11%\nSuburban 29%\nResort 10%\nOther 4%\nUrban 47%",
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      "text": "SUMMIT\nHOTEL PROPERTIES",
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      "text": "For the first quarter 2023, weekday RevPAR improved significantly, growing 22% compared to the first quarter 2022 versus weekend RevPAR growth of 10%.",
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      "text": "Comparable weekday and weekend RevPAR in the first quarter 2023 recovered to 86% and 105% of pre-pandemic levels, respectively, compared to the first quarter 2022 weekday and weekend RevPAR recovery of 70% and 95%, respectively.",
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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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      "kind": "paragraph",
      "text": "Strengthening corporate and group demand continue to drive improving fundamentals in key urban markets such as Chicago, Dallas, Houston, and Miami.",
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      "text": "(1) Based on guestroom count for the 103 lodging assets owned as of March 31, 2023.\n(2) Based on pro forma financials for the 92 comparable lodging assets owned as of March 31, 2023.",
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