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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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      "text": "1. Based on the 67 same store hotels.\n2. Based on the hotel purchase price exclusive of the parking structures and incentives.\n3. Est. stabilized yields based on full year underwritten NOI. Onera and 2023 acquisitions based on estimated year 1 stabilized yields.\n4. Onera yield based on the initial investment amount of $5 million plus the $2 million earnout.\n5. RevPAR growth for the year-to-date-period ended September 30, 2023.\n6. Reflects same-unit type RevPAR growth.",
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      "text": "RECENT ACQUISITION HIGHLIGHTS Summit Same Store (1) 2021 Acquisitions NCI Portfolio AC/Element Miami Onera Fredericksburg 2023 Acquisitions Summit Pro Forma Key Highlights # of Assets 67 2 27 2 1 2 101 49% Growth # of Guestrooms 10,654 230 3,709 264 11 167 15,035 41% Growth Date of Acquisition - 2H 2021 Q1 2022 Q2 2022 Q4 2022 Q2 2023 - Gross Purchase Price - $59MM $822MM $89MM $5MM $43MM - $1.0B Invested Price per Key - $254K $209K (2) $337K $455K $256K - Attractive basis of $225K/Key (2) Est. Stabilized Yield (3) 10-11% 8-9% 8-9% 11-13% (4) 8-10% - Strong stabilized yields RevPAR Growth (5) 8% 16% 10% 13% (6) 12% - Exceptional Growth Profile",
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      "text": "Targeted capital allocation strategy with proven track record of external growth and capital recycling",
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