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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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      "kind": "chart",
      "text": "Onera Fredericksburg T12 RevPAR by Month\n$502 $375 $429 $421 $396 $431 $500 $452 $379 $305 $373 $427\nT12 RevPAR = $412",
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      "text": "Stabilized EBITDA Margin\n27% 38% 60%",
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      "text": "Stabilized EBITDA/Key\n$23,000 $14,000 $90,000",
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      "text": "RevPAR is comparable to a Luxury hotel\nHigh margins comparable to multi-family\nYield profile is 2x traditional hotel investment and profitability per unit is 5x typical select-service hotel\nT12 Highlights (March 2023)\nRevPAR of $412\nGOP margin of 72%\nHotel EBITDA margin of 61%\nNOI yield of 16%",
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      "kind": "paragraph",
      "text": "Onera Fredericksburg is forecasted to generate EBITDA margins exceeding the typical select-service and full-service hotel by over 20 and 30 full percentage points, respectively",
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      "text": "Based on STR Host Almanac 2019. Figures represent total U.S. averages.",
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      "kind": "title",
      "text": "Acquisition of Onera Fredericksburg, Texas Glamping Property",
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