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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": "image",
      "text": "Residence Inn - Steamboat Springs",
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      "text": "Guidance Midpoint Increased",
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      "text": "The Company increased the midpoint of its full year 2023 Adjusted EBITDA and Adjusted FFO guidance based on strong third quarter results and encouraging operating trends that have continued into the fourth quarter.",
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      "text": "2. All pro forma information includes operating & financial results for 101 lodging assets owned as of November 1, 2023, as if each property had been owned by the Company since January 1, 2022, and will continue to be owned through the entire year ending Dec 31, 2023. As a result, the pro forma information includes operating & financial results for lodging assets acquired since Jan 1, 2022, which may include periods prior to the Company's ownership. Pro forma & non-GAAP financial measures are unaudited.",
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      "text": "1. Based on the Company's mid-point growth expectation of 7.0%. Total U.S. forecast based off CBRE Q2 2023 published forecast of 4.6%.",
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      "text": "Full Year 2023 Low High Pro Forma RevPAR (2) $119.25 $121.00 Pro Forma RevPAR Growth 6.25% 7.75% Adjusted EBITDA $186,500 $191,600 Adjusted FFO $109,000 $114,200 Adjusted FFO per Diluted Unit $0.89 $0.93 Capital Expenditures, Pro Rata $65,000 $75,000",
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      "text": "Summit's 2023 RevPAR growth guidance midpoint exceeds the Total U.S. forecast by 240 basis points (1)",
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