{
  "docId": "019de518-3090-72a1-bd91-9840a49ed4b4",
  "docSlug": "3d61f1632a5d9565316ece6938abf20e",
  "documentTitle": "Summit Hotel Properties | Results Presentation Deck | 32 slides",
  "authorId": "summit-hotel-properties",
  "authorName": "Summit Hotel Properties",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2024-02-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.2938006,
  "pageNumber": 11,
  "pageCount": 32,
  "prevPage": 10,
  "nextPage": 12,
  "slideType": "revenue_buildup",
  "function": "decompose_segments",
  "density": "overcrowded",
  "nDataPoints": 288,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de518-3090-72a1-bd91-9840a49ed4b4/11",
  "deckHref": "/decks/019de518-3090-72a1-bd91-9840a49ed4b4",
  "deckJsonHref": "/decks/019de518-3090-72a1-bd91-9840a49ed4b4.json",
  "deckAnchorHref": "/decks/019de518-3090-72a1-bd91-9840a49ed4b4#slide-11",
  "components": [
    {
      "bbox": {
        "h": 0.037,
        "w": 0.112,
        "x": 0.846,
        "y": 0.936
      },
      "kind": "image",
      "text": "SUMMIT HOTEL PROPERTIES",
      "attrs": null,
      "subkind": "logo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0ba24ddd-8d82-4d4b-ab1d-2c087bbb01f9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.014,
        "w": 0.018,
        "x": 0.043,
        "y": 0.959
      },
      "kind": "paragraph",
      "text": "11",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "46d57d12-1c38-4fe2-89b1-06c783ee7f29",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.014,
        "w": 0.279,
        "x": 0.043,
        "y": 0.184
      },
      "kind": "paragraph",
      "text": "(Amounts in thousands, except statistics)",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "50d12af6-01ee-4d9f-a0e3-7514157846c2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.104,
        "x": 0.043,
        "y": 0.156
      },
      "kind": "paragraph",
      "text": "Q4 2023",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7bd653a4-f025-466d-88b7-6a30b8fd1b8b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.757,
        "x": 0.052,
        "y": 0.909
      },
      "kind": "source-note",
      "text": "Non-cash interest income relates to the amortization of the discount on certain notes receivable. The discount on these notes receivable was recorded at inception of the related loans based on the estimated value of the embedded purchase options in the notes receivable.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "04c4a407-08fd-4326-a1c5-ce007aa4a57d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.014,
        "w": 0.57,
        "x": 0.052,
        "y": 0.942
      },
      "kind": "source-note",
      "text": "GIC Joint Venture is 51% owned by Summit while Other Joint Ventures are 90% owned by Summit.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c8f828c3-dc0b-4ebd-b968-70e3d9d895cd",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.549,
        "w": 0.915,
        "x": 0.043,
        "y": 0.213
      },
      "kind": "table",
      "text": "Summit Wholly-Owned Q4 2023 Q4 2022 579,058 594,975 843,115 887,340 68.7% 67.1% $ 166.76 $ 162.21 $ 114.53 $ 108.77 96,561 96,512 10,332 9,596 $ 106,893 $ 106,108 $ 36,082 $ 35,237 33.8% 33.2% $ (8,137) $ (7,904) 20,174 20,001 8,417 7,885 (169) (35) 401 (2,316) $ 20,686 $ 17,631 11,270 10,420 (7) 177 $ 31,949 $ 28,228 (730) (51) (27) 1,829 1,376 1 12 44 362 (134) 104 121 (283) 1,581 (417) (256) 2 $ 32,473 $ 31,238 GIC Joint Venture (2) Q4 2023 Q4 2022 371,171 348,307 513,452 498,088 72.3% 69.9% $ 151.49 $ 152.08 $ 109.51 $ 106.35 56,227 52,971 7,158 6,953 $ 63,385 $ 59,924 $ 23,501 $ 24,853 37.1% 41.5% $ (13,679) $ (4,356) 17,370 16,711 12,183 10,681 (9) (10) 718 1,280 $ 16,583 $ 24,306 5,391 8 (13) $ 21,982 $ 24,293 (51) (18) (12) (1) 9 10 544 (130) (2) $ 22,469 $ 24,120 Other Joint Ventures (2) Q4 2023 Q4 2022 20,730 19,869 25,300 24,930 81.9% 79.7% $ 207.09 $ 208.36 $ 169.68 $ 166.06 4,293 4,140 2,864 2,154 $ 7,157 $ 6,294 $ 2,695 $ 1,959 37.7% 31.1% $ 549 $ 178 1,080 986 1,021 813 $ 2,650 $ 1,977 $ 2,650 $ 1,977 (2) $ 2,632 $ 1,959 Combined Q4 2023 Q4 2022 970,959 963,151 1,381,867 1,410,358 70.3% 68.3% $ 161.78 $ 159.50 $ 113.67 $ 108.92 157,081 153,623 20,354 18,703 $ 177,435 $ 172,326 $ 62,278 $ 62,049 35.1% 36.0% $ (21,267) $ (12,082) 38,624 37,698 21,621 19,379 (178) (45) 1,119 (1,036) $ 39,919 $ 43,914 16,661 10,420 164 $ 56,581 $ 54,498 (730) (120) (96) 1,829 1,376 (11) 12 43 362 (134) 113 131 261 1,451 (417) (258) 2 $ 57,574 $ 57,317 GIC JV Pro Rata Adj Q4 2023 Q4 2022 $ 6,786 $ 2,916 (8,511) (8,188) (5,970) (5,234) 4 5 (352) (627) $ (8,043) $ (11,128) (2,642) (4) 6 $ (10,689) $ (11,122) 25 25 2 2 6 (5) (1) (267) 64 (2) $ (10,927) $ (11,037) Other JVs Pro Rata Adj Q4 2023 Q4 2022 $ (55) $ (18) (108) (99) (102) (81) $ (265) $ (198) $ (265) $ (198) $ (263) $ (196) Pro Rata Q4 2023 Q4 2022 $ (14,536) $ (9,184) 30,005 29,411 15,549 14,064 (174) (40) 767 (1,663) $ 31,611 $ 32,588 14,019 10,420 (3) 170 $ 45,627 $ 43,178 (730) (93) (69) 1,829 1,376 (5) 12 43 362 (134) 109 126 (6) 1,515 (417) (256) 1 $ 46,384 $ 46,084",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2e945c1f-df05-4547-b2a7-fa7745b72f07",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.028,
        "w": 0.785,
        "x": 0.043,
        "y": 0.058
      },
      "kind": "title",
      "text": "Reconciliation to Adjusted EBITDAre – By Ownership Interest (Unaudited)",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d747582d-bbc7-4487-a2d3-c310b8981cb5",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 14,
      "from": 7,
      "beatId": "e146f08c-39be-4827-8a14-7ad02945a0db",
      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Financials",
      "beatSlug": "sequoia-pitch-financials",
      "evidence": "Detailed financial results and reconciliations are presented in these slides.",
      "position": 0,
      "confidence": 0.8,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [
    {
      "to": 14,
      "from": 7,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "452a2e4c-a1f1-41ef-b852-eb2c3cf2d943",
      "evidence": "The presentation emphasizes the company's financial performance and growth potential.",
      "position": 0,
      "objective": "To highlight the importance of investing in Summit Hotel Properties",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.6,
      "description": "Quantify what happens if the audience does nothing"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}