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      "text": "Total liquidity of nearly $435MM\n74% if Summit's pro rata debt is fixed-rate (~80% fixed through preferreds)\nCompleted $200MM GIC JV credit facility refinance\nFully-extended maturity dates to September 2028\nPricing maintained and overall flexibility preserved",
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      "text": "Occupancy: 73.4% (+2.6%); ADR: $159 (-0.2%); RevPAR: $117 (+2.4%)\nQ3 RevPAR growth was led by September at +3.6%\nRecently acquired NewcrestImage portfolio continues to produce strong results\nRevPAR growth +12%; hotel EBITDA +27%\nMarket share reached new highs with growth of nearly 700 basis points",
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      "text": "Entered a contract to sell 123-guestroom Hyatt Place Owings Mills for $8.3 million\nRepresents a 4.6% cap rate on September T12 NOI with all-in cap rate of 2.9% when including near-term required capital expenditures\nEarnest money is non-refundable, and the transaction is expected to close in Q4 2023",
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