Summit Hotel Properties Inc 2026年季度报告

FORM10-Q____________________________________________________________________________________ ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2026 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the transition period fromto Commission File Number:001-35074 SUMMIT HOTEL PROPERTIES,INC.(Exact name of registrant as specified in its charter)_____________________________________________________________________________________ 27-2962512 (I.R.S. Employer Identification No.) 13215 Bee Cave Parkway, SuiteB-300Austin, TX78738(Address of principal executive offices, including zip code) (512) 538-2300(Registrant’s telephone number, including area code)________________________________________________________________________________ Securities registered pursuant to Section 12(b) of the Act: Common Stock, $0.01 par valueSeries E Cumulative Redeemable Preferred Stock, $0.01 par valueSeries F Cumulative Redeemable Preferred Stock, $0.01 par value Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)hasbeen subject to such filing requirements for the past 90 days.☒Yes☐No Indicate by check mark whether the registrant has submitted electronically and posted on its corporate website, if any, every InteractiveData File required to be submitted and posted pursuant to Rule405 of Regulation S-T (§ 232.405) of this chapter during the preceding 12months (or for such shorter period that the registrant was required to submit and post such files).☒Yes☐No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filerNon-accelerated filer Accelerated filerSmaller reporting companyEmerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).☐Yes☒No As of April24, 2026, the number of outstanding shares of common stock of Summit Hotel Properties,Inc. was 108,365,078. PARTI — FINANCIAL INFORMATION Condensed Consolidated Balance Sheets —March31, 2026 (Unaudited) andDecember31, 2025Condensed Consolidated Statements of Operations (Unaudited) — Three Months EndedMarch31, 2026 and2025Condensed Consolidated Statements of Comprehensive (Loss) Income (Unaudited) — Three Months EndedMarch31, 2026 and 2025Condensed Consolidated Statements of Changes in Equity and Redeemable Non-controlling Interests(Unaudited)—Three Months EndedMarch31, 2026 and 2025Condensed Consolidated Statements of Cash Flows (Unaudited)—Three Months EndedMarch31, 2026and2025Notes to the Condensed Consolidated Financial Statements (Unaudited) PARTII — OTHER INFORMATION Item 1.Legal Proceedings47Item 1A.Risk Factors47Item 2.Unregistered Sales of Equity Securities and Use of Proceeds47Item 3.Defaults Upon Senior Securities48Item 4.Mine Safety Disclosures48Item 5.Other Information48Item 6.Exhibits49 Summit Hotel Properties,Inc.Condensed Consolidated Balance Sheets(In thousands, except share amounts) Summit Hotel Properties,Inc.Condensed Consolidated Statements of Operations(Unaudited)(In thousands, except per share amounts) Summit Hotel Properties,Inc.Condensed Consolidated Statements of Comprehensive (Loss) Income(Unaudited)(In thousands) Summit Hotel Properties,Inc.Condensed Consolidated Statements Cash Flows(Unaudited)(In thousands) SUMMIT HOTEL PROPERTIES,INC.NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Unaudited) NOTE 1 - DESCRIPTION OF BUSINESS General Summit Hotel Properties,Inc. (the “Company”) is a self-managed lodging property investment company that was organized in June2010as a Maryland corporation. The Company holds both general and limited partnership interests in Summit Hotel OP, LP (the “OperatingPartnership”), a Delaware limited partnership also organized in June 2010. Unless the context otherwise requires, “we,” “us,” and “our”refer to the Company and its consolidated subsidiaries. We focus on owning lodging properties with efficient operating models that generate strong margins and investment returns. At March31,2026, our portfolio consisted of 94 lodging properties with a total of 14,226 guestrooms located in 24 states of the United States ofAmerica (“USA”). At