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      "text": "Extended Swap Maturities (1)\n2024: $75 (2.86%)\n2025: $125 (2.92%)\n2026: $51 (3.35%)\n2027: $100 (2.60%)\n2029+: $100 (2.56%)",
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      "text": "Limited Variable-Rate Debt Exposure (1)\nTotal Variable Debt: 20%\nTotal Fixed Debt + Preferred: 80%",
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      "text": "SUMMIT HOTEL PROPERTIES",
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      "text": "Only 20% of pro rata debt and preferred with variable interest rates",
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      "text": "Blended swap rate of 2.74% with an average maturity of 3.4 years",
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      "text": "Only 10% of pro rata debt matures by 2024 limiting interest rate refinancing risk",
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      "text": "Nearly $500 million of total liquidity (61% of equity market cap)",
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      "text": "(1) Based on financials and pro rata debt as of March 31, 2023. Assumes fully-extended maturity dates for all loans, the sale of six pending dispositions for $79.9 million in cash, and the two new JV interest-rate swaps are effective.",
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      "text": "(3) Peer data from SNL based on the Q4 2022 reported data available.",
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      "text": "(2) Summit's market close price as of May 3, 2023. Amounts are pro rata.",
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