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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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  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2024-09-01 00:00:00",
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      "text": "1. Based on the 91 same store hotels as of July 31, 2024, after excluding the AC / Element Miami and Onera Fredericksburg.\n2. Based on stabilized NOI divided by the purchase price.\n3. Based on pro forma RevPAR growth for the full year ended December 31, 2023.\n4. Onera Fredericksburg RevPAR not comparable due to unit changes throughout 2023 and ongoing phase II development.\n5. Calculated based on the $131 million of sales proceeds plus ~$44 million of foregone capital expenditures based on the trailing twelve-month NOI at the time of each sale.",
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      "text": "RECENT ACQUISITION HIGHLIGHTS\n# of Assets\n# of Guestrooms\nDate of Transaction\nGross Transaction Price\nPrice per Key\nStabilized Yield (2)\nRevPAR Growth (3)\nSummit Same Store (1)\n91\n13,814\n-\n-\n-\n8-9%\n8%\nAC / Element Miami Acquisition\n2\n264\nQ2 2022\n$89MM\n$337K\n11-13%\nN/A (4)\nOnera Fredericksburg Acquisition\n1\n11\nQ4 2022\n$5MM\n$455K\n9-10%\n7%\n2023 Acquisitions\n2\n167\nQ2 2023\n$43MM\n$256K\nRecent Dispositions\n9\n1,246\n2023/2024\n$131MM\n$105K\n~5% (5)\nN/A\nSummit Pro Forma\n96\n14,256\n-\n-\n-\n-",
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      "kind": "title",
      "text": "Targeted capital allocation strategy with proven track record of external growth and capital recycling",
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