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  "documentTitle": "Summit Hotel Properties | Investor Presentation Deck | 35 slides",
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  "authorName": "Summit Hotel Properties",
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  "presentationDate": "2023-06-01 00:00:00",
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      "text": "10% Summit, 34% Peer Avg",
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      "text": "2023: 2.86% ($75), 2024: 2.92% ($125), 2025: 3.35% ($51), 2026: 2.60% ($51, $100), 2027: ($100), 2028: ($100), 2029+: 2.56% ($100)",
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      "text": "53% Summit, 32% Peer Avg",
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      "text": "79% Total fixed debt + preferred, 21% Total variable debt",
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      "text": "SUMMIT HOTEL PROPERTIES",
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      "text": "Exceptional Liquidity Profile Among the Industry's Best\nNearly $450MM of total liquidity (53% of equity market cap)",
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      "text": "Minimal Near-Term Debt Maturities\nOnly 10% of pro rata debt matures by 2024 limiting interest rate refinancing risk",
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      "text": "Extended Swap Maturities\nBlended swap rate of 2.86% with an average maturity of 3.2 years",
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      "text": "Limited Variable-Rate Debt Exposure\nOnly 21% of pro rata debt and preferred with variable interest rates",
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      "text": "1. Based on financials and pro rata debt as of May 31, 2023. Assumes fully-extended maturity dates for all loans and the two new JV interest-rate swaps are effective.\n2. Summit's market close price as of May 30, 2023. Amounts are pro rata.\n3. Peer data from SNL based on the Q1 2023 reported data available.\n4. Total liquidity represented as a percent of equity market cap.",
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