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  "documentTitle": "Summit Hotel Properties | Investor Presentation Deck | 32 slides",
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  "authorName": "Summit Hotel Properties",
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  "presentationDate": "2023-11-01 00:00:00",
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      "kind": "chart",
      "text": "7% 13% 80%",
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      "kind": "paragraph",
      "text": "Upscale demand growth forecasted to exceed supply growth by 170-230 bps through 2025",
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      "kind": "source-note",
      "text": "1. Based on CBRE Hotel Trends, Q2 2023 data as of August 2023.\n2. Based on guestroom count for the 101 lodging assets owned as of November 1, 2023.",
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      "text": "CBRE (1) Total US Upscale May 2023 Supply Growth Demand Growth Variance Supply Growth Demand Growth Variance 2018 2.0% 1.7% -30 bps 5.0% 4.4% -60 bps 2019 1.6% 1.8% 20 bps 4.2% 4.4% 20 bps 2020 1.1% -34.8% -3,590 bps 2.7% -40.7% -4,340 bps 2021 1.1% 36.4% 3,530 bps 3.4% 47.5% 4,410 bps 2022 0.5% 10.5% 1,000 bps 2.2% 15.1% 1,290 bps 2023E 0.4% 1.4% 100 bps 1.4% 3.7% 230 bps 2024E 0.8% 1.9% 110 bps 1.6% 3.3% 170 bps 2025E 0.9% 2.0% 110 bps 1.8% 3.5% 170 bps 2023-2025 Avg 0.7% 1.8% 110 bps 1.6% 3.5% 190 bps",
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      "text": "Muted industry supply growth expected to average <1% from 2023-2025, over 100 bps below the long-run average",
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      "text": "Summit Portfolio Chain Scale Breakdown (2)",
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      "kind": "title",
      "text": "Lodging industry set up for favorable supply & demand dynamics for the foreseeable future",
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