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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": "SUMMIT HOTEL PROPERTIES logo",
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      "text": "Based on the 71 same store hotels owned as of December 31, 2022.\nBased on the hotel purchase price exclusive of the parking structures and incentives.\nEst. stabilized yields based on full year underwritten NOI in 2024. Onera est. based on year 1 stabilized yields.\nOnera yield based on the initial investment amount of $5 million.",
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      "text": "Recent Acquisitions Highlight",
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      "text": "Summit Same Store (1) 71 11,120 - - - 2021 Acquisitions 2 230 2H 2021 $59M $254K 10-11% NCI Portfolio 27 3,709 Q1 2022 $822M $209K (2) 8-9% AC / Element Miami 2 264 Q2 2022 $89M $337K 8-9% Onera Fredericksburg 1 11 Q4 2022 $5M $455K 15-17% (4) Summit Pro Forma 103 15,334 - - - Key Highlights 45% Growth 38% Growth Active Early in Cycle ~$975M Invested Attractive Basis of $220K / Key (2) Strong Stabilized Yields",
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      "text": "Targeted Capital Allocation Strategy with Proven Track Record of External Growth and Capital Recycling",
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