{
  "docId": "019de515-d78a-72df-bdfc-ab4dfa1610c2",
  "docSlug": "b0e4244d9a5f913c8f36f54fc2f75fd2",
  "documentTitle": "Summit Hotel Properties | Investor Presentation Deck | 30 slides",
  "authorId": "summit-hotel-properties",
  "authorName": "Summit Hotel Properties",
  "documentKindSlug": "pitchdeck",
  "documentKindLabel": "Pitch deck",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-05-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.2938006,
  "pageNumber": 16,
  "pageCount": 30,
  "prevPage": 15,
  "nextPage": 17,
  "slideType": "competitive_analysis",
  "function": "show_traction",
  "density": "overcrowded",
  "nDataPoints": 28,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de515-d78a-72df-bdfc-ab4dfa1610c2/16",
  "deckHref": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2",
  "deckJsonHref": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2.json",
  "deckAnchorHref": "/decks/019de515-d78a-72df-bdfc-ab4dfa1610c2#slide-16",
  "components": [
    {
      "bbox": {
        "h": 0.498,
        "w": 0.605,
        "x": 0.046,
        "y": 0.36
      },
      "kind": "chart",
      "text": "RevPAR $140 $120 $11 $11 $11 $12 $10 $14 $13 $13 $11 $10 $14 $12 $100 $80 $60 $40 $20 $0 APR 2022 MAY 2022 JUN 2022 JUL 2022 AUG 2022 SEP 2022 OCT 2022 NOV 2022 DEC 2022 JAN 2023 FEB 2023 MAR 2023 Comp Set RevPAR INN RevPAR Premium",
      "attrs": {
        "series": [
          {
            "data": [
              110,
              108,
              113,
              104,
              94,
              107,
              117,
              95,
              80,
              86,
              109,
              123
            ],
            "name": "Comp Set RevPAR"
          },
          {
            "data": [
              11,
              11,
              11,
              10,
              14,
              12,
              13,
              13,
              10,
              11,
              12,
              14
            ],
            "name": "INN RevPAR Premium"
          }
        ],
        "x_axis_labels": [
          "APR 2022",
          "MAY 2022",
          "JUN 2022",
          "JUL 2022",
          "AUG 2022",
          "SEP 2022",
          "OCT 2022",
          "NOV 2022",
          "DEC 2022",
          "JAN 2023",
          "FEB 2023",
          "MAR 2023"
        ],
        "y_axis_labels": [
          "$0",
          "$20",
          "$40",
          "$60",
          "$80",
          "$100",
          "$120",
          "$140"
        ]
      },
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "31a74427-3687-41de-b266-8b4bcd5cf494",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.037,
        "w": 0.13,
        "x": 0.844,
        "y": 0.929
      },
      "kind": "image",
      "text": "SUMMIT HOTEL PROPERTIES",
      "attrs": {},
      "subkind": "logo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "83aeaef5-25c6-4131-b36c-bc03bb655e8e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.709,
        "w": 0.333,
        "x": 0.646,
        "y": 0.147
      },
      "kind": "image",
      "text": "Courtyard Pittsburgh Downtown",
      "attrs": {},
      "subkind": "photo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ea3cb6c0-5300-4bcc-9286-7e97e922d23d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.016,
        "w": 0.309,
        "x": 0.046,
        "y": 0.246
      },
      "kind": "list",
      "text": "Increasing RevPAR Premium (1)",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3b711dad-6e57-4bb2-b64d-ab8de60f48a5",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.099,
        "x": 0.364,
        "y": 0.302
      },
      "kind": "metric",
      "text": "15,334 Guestrooms",
      "attrs": {},
      "subkind": "big-number",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "15ff6e82-d62f-4f6a-808b-8a5228a121bb",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.099,
        "x": 0.229,
        "y": 0.302
      },
      "kind": "metric",
      "text": "365 Days per Year",
      "attrs": {},
      "subkind": "big-number",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "403f7fa2-5a8c-479f-81cb-e1668c192204",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.099,
        "x": 0.094,
        "y": 0.302
      },
      "kind": "metric",
      "text": "$14 Premium per Day",
      "attrs": {},
      "subkind": "big-number",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "56f41eea-3566-4f68-af17-87a995eae6e2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.119,
        "x": 0.489,
        "y": 0.302
      },
      "kind": "metric",
      "text": "$80mm of Additional Revenue",
      "attrs": {},
      "subkind": "big-number",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7ba4b17b-8a3f-4dfe-998e-d268afa31d4a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.734,
        "x": 0.046,
        "y": 0.917
      },
      "kind": "source-note",
      "text": "(1) Based on pro forma RevPAR for the 103 lodging assets owned as of May 3, 2023. Comp set and RevPAR index is based on STR data for 102 lodging assets (excluding Onera Fredericksburg).",
      "attrs": {},
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "512fa357-e94c-4283-8902-934a1eef551e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.567,
        "x": 0.073,
        "y": 0.15
      },
      "kind": "subtitle",
      "text": "As demand continues to broadly recover, Summit's RevPAR premium to its competitive set has increased to near pre-pandemic levels, resulting in $80 million of additional annualized revenue",
      "attrs": {},
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4173be69-8aa5-4270-b6bd-628a2a86d44c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.023,
        "w": 0.639,
        "x": 0.046,
        "y": 0.055
      },
      "kind": "title",
      "text": "Summit's RevPAR Premium Drives Outperformance vs. Peers",
      "attrs": {},
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "5ca8ff24-b9ea-4c60-ae81-5f883bab009b",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Waterfall chart",
      "slug": "waterfall-chart",
      "agent": null,
      "layer": "slide",
      "matchId": "4bec496f-2cf1-467e-b505-5453201fe3c4",
      "evidence": "chart/bar-vertical: RevPAR $140 $120 $11 $11 $11 $12 $10 $14 $13 $13 $11 $10 $14 $12 $100 $80 $60 $40 $20 $0 APR 2022 MAY 2022 JUN 2022 JUL 2022 AUG 2022 SEP 2022 OCT 2022 NOV 2022 DEC 2022 JAN 2023 FEB 2023 MAR 2023",
      "confidence": 0.7
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 16,
      "from": 13,
      "beatId": "aef3b546-5b4e-436e-896b-e74e846b357f",
      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Competition",
      "beatSlug": "sequoia-pitch-competition",
      "evidence": "The document presents a competitive analysis of Summit's RevPAR premium and operating margins.",
      "position": 3,
      "confidence": 0.8,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [
    {
      "to": 16,
      "from": 15,
      "name": "Why Now",
      "slug": "15-why-now",
      "bestFor": "Sales pitches, fundraising, requesting immediate budget approval",
      "matchId": "3d52b77d-39cc-4c62-96fc-d3c059cfa28e",
      "evidence": "The document discusses urban and weekday demand driving the next phase of lodging recovery.",
      "position": 1,
      "objective": "To explain the current market conditions and Summit's position",
      "structure": "The Context (Trends) -> The Trigger Event -> The Window of Opportunity",
      "confidence": 0.6,
      "description": "Create temporal urgency by proving that the window of opportunity is opening or closing"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}