{
  "docId": "019de518-3010-72e4-89ca-2bdd2671c18b",
  "docSlug": "c1fb1cc777b30f03f1a13e6d55ea9e20",
  "documentTitle": "Summit Hotel Properties | Investor Presentation Deck | 31 slides",
  "authorId": "summit-hotel-properties",
  "authorName": "Summit Hotel Properties",
  "documentKindSlug": "pitchdeck",
  "documentKindLabel": "Pitch deck",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2024-02-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 22,
  "pageCount": 31,
  "prevPage": 21,
  "nextPage": 23,
  "slideType": "unfair_advantage",
  "function": "present_solution",
  "density": "overcrowded",
  "nDataPoints": 16,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 0.9,
  "imagePath": null,
  "slideHref": "/slides/019de518-3010-72e4-89ca-2bdd2671c18b/22",
  "deckHref": "/decks/019de518-3010-72e4-89ca-2bdd2671c18b",
  "deckJsonHref": "/decks/019de518-3010-72e4-89ca-2bdd2671c18b.json",
  "deckAnchorHref": "/decks/019de518-3010-72e4-89ca-2bdd2671c18b#slide-22",
  "components": [
    {
      "bbox": {
        "h": 0.26,
        "w": 0.339,
        "x": 0.634,
        "y": 0.58
      },
      "kind": "chart",
      "text": "2.86% $75 2023 2.92% $125 2024 3.49% $51 $51 $51 2025 2026 2.60% $100 2027 2.56% $100 2028 2029+",
      "attrs": {},
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "26611c79-d4e7-474e-857d-ac3caa5f83e6",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.36,
        "w": 0.24,
        "x": 0.047,
        "y": 0.48
      },
      "kind": "chart",
      "text": "49% 34% Summit Peer Avg",
      "attrs": {},
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6095df86-7860-4e6d-ba64-ac89dfb2e670",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.36,
        "w": 0.24,
        "x": 0.35,
        "y": 0.48
      },
      "kind": "chart",
      "text": "5% 40% Summit Peer Avg",
      "attrs": {},
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "703af9b0-ef6b-4983-b1d1-0303e3c59ca1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.209,
        "w": 0.349,
        "x": 0.626,
        "y": 0.199
      },
      "kind": "chart",
      "text": "80% 20% Total variable debt Total fixed debt + preferred",
      "attrs": {},
      "subkind": "donut",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "fe5abc18-7f4a-4043-88bd-f45a9c8a6293",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.099,
        "x": 0.876,
        "y": 0.035
      },
      "kind": "image",
      "text": "SUMMIT HOTEL PROPERTIES",
      "attrs": {},
      "subkind": "logo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8b61d124-54c1-4080-b8c9-7f3ca6cdab6f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.022,
        "x": 0.953,
        "y": 0.935
      },
      "kind": "other",
      "text": "22",
      "attrs": {},
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "552c4472-fe12-4827-8fc0-0413d1a44ce0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.088,
        "w": 0.24,
        "x": 0.047,
        "y": 0.322
      },
      "kind": "paragraph",
      "text": "Exceptional Liquidity Profile Among the Industry's Best (1,2,3,4)\n~$400MM of total liquidity (49% of equity market cap) (1,2,3)",
      "attrs": {},
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4313fa16-2891-4105-ba61-5f2c5c32b075",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.108,
        "w": 0.204,
        "x": 0.634,
        "y": 0.092
      },
      "kind": "paragraph",
      "text": "Limited Variable-Rate Debt Exposure (1)\n~80% of pro rata debt and preferred with fixed interest rates",
      "attrs": {},
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "80ac97e5-b12e-4ff3-8251-c74d57f1664b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.088,
        "w": 0.24,
        "x": 0.35,
        "y": 0.322
      },
      "kind": "paragraph",
      "text": "Minimal Near-Term Debt Maturities (1,3)\nOnly 5% of pro rata debt matures by year-end 2025 limiting interest rate refinancing risk",
      "attrs": {},
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9d5a3057-73f8-4780-8703-6f8281a86a05",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.058,
        "w": 0.339,
        "x": 0.634,
        "y": 0.475
      },
      "kind": "paragraph",
      "text": "Extended Swap Maturities (1,5)\nBlended swap rate of 2.95% with an average maturity of 2.6 years",
      "attrs": {},
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e73bd362-6780-4bf5-b58f-eacaa9754899",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.015,
        "w": 0.928,
        "x": 0.047,
        "y": 0.89
      },
      "kind": "source-note",
      "text": "1. Based on financials and pro rata debt as of December 31, 2023. Assumes fully-extended maturity dates for all loans. Includes new $200mm term loan as of February 26, 2024.",
      "attrs": {
        "numbered": true
      },
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "111271f7-bce1-45ae-b500-79719910d5f9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.015,
        "w": 0.43,
        "x": 0.047,
        "y": 0.935
      },
      "kind": "source-note",
      "text": "4. Total liquidity represented as a percent of equity market cap.",
      "attrs": {
        "numbered": true
      },
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "120f5f30-8a48-4b3f-94b7-094c83616a57",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.015,
        "w": 0.49,
        "x": 0.047,
        "y": 0.92
      },
      "kind": "source-note",
      "text": "3. Peer data from SNL based on the Q3 2023 reported data available.",
      "attrs": {
        "numbered": true
      },
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "69e1a8a1-3210-4a1f-be5c-50955053a6f4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.015,
        "w": 0.504,
        "x": 0.047,
        "y": 0.905
      },
      "kind": "source-note",
      "text": "2. Summit's market close price as of February 23, 2024. Amounts are pro rata.",
      "attrs": {
        "numbered": true
      },
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c3792efd-d178-4128-97b0-3485a3c429b7",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.015,
        "w": 0.69,
        "x": 0.047,
        "y": 0.95
      },
      "kind": "source-note",
      "text": "5. Includes new $100mm JV swap issued in January 2024 and effective October 2024.",
      "attrs": {
        "numbered": true
      },
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c42de1b6-7a94-4228-bf00-763e99806001",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.108,
        "w": 0.49,
        "x": 0.047,
        "y": 0.092
      },
      "kind": "title",
      "text": "Balance sheet well-positioned for current environment",
      "attrs": {},
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "438d062e-27e7-4406-bf18-c54dcf227f58",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 22,
      "from": 20,
      "beatId": "6cdf91da-bd21-4d14-9fe3-fee38e8e9682",
      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Financials",
      "beatSlug": "sequoia-pitch-financials",
      "evidence": "The document presents balance sheet information",
      "position": 3,
      "confidence": 0.8,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}