{
  "docId": "019de518-8bcb-778e-9548-83af9c64ef30",
  "docSlug": "dde3b8cff1f135fe78d6944b5eb5f047",
  "documentTitle": "Summit Hotel Properties | Investor Presentation Deck | 32 slides",
  "authorId": "summit-hotel-properties",
  "authorName": "Summit Hotel Properties",
  "documentKindSlug": "pitchdeck",
  "documentKindLabel": "Pitch deck",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2024-09-01 00:00:00",
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  "pageNumber": 7,
  "pageCount": 32,
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  "slideType": "market_sizing",
  "function": "size_opportunity",
  "density": "dense",
  "nDataPoints": 30,
  "notes": null,
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  "slideHref": "/slides/019de518-8bcb-778e-9548-83af9c64ef30/7",
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      "kind": "callout",
      "text": "Exceeded Q2 2024 STR Total U.S. Average RevPAR Growth by more than 2x",
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      "kind": "callout",
      "text": "$21 Million Hotel EBITDA Recovery Opportunity in Five Select Markets\n$2 Per Share of Value (1)",
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      "kind": "paragraph",
      "text": "Summit is positioned for continued relative outperformance given its exposure to several urban markets that have been slower to recover to pre-pandemic levels. In aggregate, these five markets had second quarter 2024 RevPAR growth and hotel EBITDA growth of 6% and 22%, respectively.",
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      "kind": "source-note",
      "text": "(1) Assumes 10x-12x EBITDA multiple and 124,147,000 common units outstanding.",
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      "kind": "table",
      "text": "MSA, Hotels, RevPAR Growth, Hotel EBITDA Growth, RevPAR Recovered %, Hotel EBITDA Recovered (%), Hotel EBITDA Deficit ($ millions)\nBaltimore, 3, 15%, 53%, 90%, 78%, (1)\nLouisville, 2, 23%, 57%, 71%, 53%, (3)\nMinneapolis, 2, 17%, 98%, 78%, 42%, (3)\nNew Orleans, 6, 3%, 0%, 95%, 73%, (2)\nSan Francisco Bay Area, 4, -7%, -21%, 60%, 31%, (12)\nTotal, 17, 6%, 22%, 74%, 50%, (21)\nTotal, excl. SF Bay Area, 13, 11%, 37%",
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      "beatName": "Market Size",
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      "evidence": "The document highlights the recovery opportunity in several urban markets.",
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      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "85020362-e5d2-4ce9-a95e-41655bb3746c",
      "evidence": "The document emphasizes the potential for outperformance.",
      "position": 0,
      "objective": "Highlighting the recovery opportunity in urban markets makes the cost of inaction clear.",
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