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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": "2024-09-01 00:00:00",
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      "text": "Pro Forma Debt Maturity Schedule (1)\nNo significant debt maturities until 2026\n$ in millions\n2024: $0\n2025: $42\n2026: $288\n2027: $202\n2028: $10, $102, $6, $200\n2029: $200\n2030+: $3\nUnsecured Revolver, Regions Term Loan, JV MR1 Credit Facility, Convertible Debt, JV MR3 Term Loan, Mortgage Debt, B of A Term Loan, JV Mortgage Debt",
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      "text": "Pro Forma Capital Structure (1,2)\nNet Debt: $1.0 Billion\nCommon Equity: $0.8 Billion\nPreferred Equity: $0.3 Billion\nPro Rata Capitalization $2.1B\n15% 48% 37%",
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      "text": "SUMMIT HOTEL PROPERTIES",
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      "text": "1. Based on financials and pro rata debt as of June 30, 2024. Assumes fully-extended maturity dates for all loans.\n2. Summit's market close price as of July 31, 2024. Amounts are pro rata.\n3. Based on 2024E Consensus of $193 million and fixed charges of pro rata 2024E principal, interest expense, and preferred dividends on a pro forma basis.",
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