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  "documentTitle": "Summit Hotel Properties | Investor Presentation Deck | 34 slides",
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  "authorName": "Summit Hotel Properties",
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  "presentationDate": "2023-08-01 00:00:00",
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      "text": "Pro Rata Capitalization $2.2B",
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      "text": "Net Debt: $1.1 Billion\nCommon Equity: $0.8 Billion\nPreferred Equity: $0.3 Billion",
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      "text": "1. Based on financials and pro rata debt as of July 31, 2023. Assumes fully-extended maturity dates for all loans.\n2. Summit's market close price as of July 31, 2023. Amounts are pro rata.\n3. Based on 2023E Consensus EBITDA of $193.5 million and fixed charges of pro rata 2023E principal, interest expense, and preferred dividends on a pro forma basis.",
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      "text": "Liquidity (Undrawn Revolver Capacity + Cash) ~$425MM\nPro Rata Net Debt Outstanding $1.1B\nPro Rata Net Debt / Total Enterprise Value 50%\nAvg. Length to Maturity ~3 Yrs\nPro Forma Weighted Avg. Cost of Debt 4.8%\nFixed Charge Ratio (3) 2.5x",
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