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  "documentTitle": "Summit Hotel Properties | Results Presentation Deck | 33 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": "(1) Unaudited pro forma information includes operating results for 101 hotels owned as of June 30, 2023, as if all such hotels had been owned by the Company since January 1, 2019. For any hotels acquired by the Company after January 1, 2019 (the \"Acquired Hotels\"), the Company has included in the pro forma information the financial results of each of the Acquired Hotels for the period from January 1, 2019, to the date the Acquired Hotels were purchased by the Company (the \"Pre-acquisition Period\"). The financial results for the Pre-acquisition Period were provided by the third-party owner of such Acquired Hotel prior to purchase by the Company and have not been audited or reviewed by our auditors or adjusted by us. The pro forma information is included to enable comparison of results for the current reporting period to results for the comparable periods of the prior years and are not indicative of future results.",
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      "text": "Pro Forma (101) Hotels - 2023 (1) Occupancy ADR RevPAR Q1 Apr May Jun Q2 YTD 69.5% 74.7% 74.2% 77.5% 75.5% 72.5% $ 174.47 $ 171.07 $ 169.59 $ 164.45 $ 168.33 $ 171.26 $ 121.31 $ 127.84 $ 125.87 $ 127.53 $ 127.06 $ 124.20 2022 Variance Occupancy change vs 2022 7.5% 0.0% 1.6% 3.1% 1.6% 4.3% ADR change vs 2022 11.2% 4.0% 2.6% -0.7% 1.9% 6.1% RevPAR change vs 2022 19.4% 4.0% 4.2% 2.4% 3.5% 10.6% 2019 Variance Occupancy change vs 2019 -9.9% -8.1% -8.4% -7.1% -7.8% -8.8% ADR change vs 2019 6.6% 4.3% 4.8% 4.2% 4.4% 5.5% RevPAR change vs 2019 -3.9% -4.1% -4.0% -3.2% -3.8% -3.8%",
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