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  "documentTitle": "Summit Hotel Properties | Investor Presentation Deck | 34 slides",
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  "presentationDate": "2023-08-01 00:00:00",
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      "text": "Summit Portfolio Chain Scale Breakdown (2) 7% 13% 80% Upscale Upper-Midscale Other",
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      "text": "Muted industry supply growth expected to average ~1% from 2023-2025, -100 bps below the long-run average",
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      "text": "1. Based on CBRE Hotel Trends, Q1 2023 data as of May 2023.\n2. Based on guestroom count for the 101 lodging assets owned as of August 2, 2023.",
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      "text": "CBRE (1) Total US Upscale May 2023 Supply Growth Demand Growth Variance Supply Growth Demand Growth Variance 2018 1.9% 1.7% -20 bps 5.0% 4.4% -60 bps 2019 1.6% 1.8% 20 bps 4.2% 4.3% 10 bps 2020 1.2% -34.8% -3,600 bps 2.8% -40.8% -4,360 bps 2021 1.2% 36.5% 3,530 bps 3.5% 47.6% 4,410 bps 2022 0.5% 10.4% 990 bps 2.1% 15.1% 1,300 bps 2023E 0.7% 2.9% 220 bps 1.6% 4.6% 300 bps 2024E 1.2% 2.1% 90 bps 1.9% 3.5% 160 bps 2025E 1.1% 2.0% 90 bps 1.8% 3.5% 170 bps 2023-2025 Avg 1.0% 2.3% 130 bps 1.8% 3.9% 210 bps",
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