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Summit Hotel Properties Inc's Business Segments
Summit Hotel Properties Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of Q1 FY2026
Reportable Segments
1
Largest Segment
Reportable
Total Revenue
$ 185
Regions Reported
-
Revenue Share by Reportable Segment - Q1 FY2026
- Reportable100%
Revenue by Reportable Segment - Q1 FY2026
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Reportable | $ 185 | 100% |
Revenue by Product & Service Category - Q1 FY2026
- Occupancy87.8%
- Food and beverage6.2%
- Hotel, Other6%
Revenue by Product & Service Category - Q1 FY2026
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Occupancy | $ 163 | 87.8% |
| Food and beverage | $ 11 | 6.2% |
| Hotel, Other | $ 11 | 6% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
Description of Summit Hotel Properties Inc
Summit Hotel Properties Inc. is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership, and operation of premium-branded upscale and upper-upscale hotels in the United States. It was founded in 2010 and is headquartered in Austin, Texas.
Summit's portfolio consists of 72 hotels with a total of 11,288 guestrooms located in 24 states across the country. The company's properties are primarily franchised by Marriott, Hilton, and Hyatt, as well as other select-service brands. The company's hotels are mostly located in urban and resort destinations, including major markets such as New York, Boston, and San Francisco, as well as popular leisure destinations such as Hawaii and Orlando.
The company's growth strategy is focused on acquiring high-quality, premium-branded upper-upscale and upscale hotels in attractive markets with high barriers to entry. It also prides itself on maintaining strong relationships with its franchisors and management companies, while also partnering with local communities to enhance the guest experience.
Summit's financial performance has been solid in recent years, with strong revenue growth and consistent profitability. Its net income for 2020 was $18.5 million, which represents a 34.2% increase from the prior year. Additionally, the company has a strong liquidity position, with a cash balance of $155.1 million as of December 31, 2020, providing flexibility for future investments.
Overall, Summit Hotel Properties Inc. is a well-capitalized REIT that offers investors exposure to the premium-branded upscale and upper-upscale hotel market in the United States. Its strong relationships with franchisors and management companies, coupled with its strategic focus on attractive markets, make it an attractive investment option for those looking to gain exposure to the lodging industry.
Summit's portfolio consists of 72 hotels with a total of 11,288 guestrooms located in 24 states across the country. The company's properties are primarily franchised by Marriott, Hilton, and Hyatt, as well as other select-service brands. The company's hotels are mostly located in urban and resort destinations, including major markets such as New York, Boston, and San Francisco, as well as popular leisure destinations such as Hawaii and Orlando.
The company's growth strategy is focused on acquiring high-quality, premium-branded upper-upscale and upscale hotels in attractive markets with high barriers to entry. It also prides itself on maintaining strong relationships with its franchisors and management companies, while also partnering with local communities to enhance the guest experience.
Summit's financial performance has been solid in recent years, with strong revenue growth and consistent profitability. Its net income for 2020 was $18.5 million, which represents a 34.2% increase from the prior year. Additionally, the company has a strong liquidity position, with a cash balance of $155.1 million as of December 31, 2020, providing flexibility for future investments.
Overall, Summit Hotel Properties Inc. is a well-capitalized REIT that offers investors exposure to the premium-branded upscale and upper-upscale hotel market in the United States. Its strong relationships with franchisors and management companies, coupled with its strategic focus on attractive markets, make it an attractive investment option for those looking to gain exposure to the lodging industry.
Summit Hotel Properties Inc. is a prominent publicly-traded real estate investment trust (REIT) focusing on the ownership and operation of select-service hotels across the United States. The companys strategic emphasis on the upscale and upper-midscale segments of the hotel industry sets it apart in a competitive landscape.
Segments
Summit Hotel Properties Inc. categorizes its portfolio into two primary segments:
1. Same-Store Hotels: This segment represents a foundational component of the companys portfolio, comprising hotels that have been owned for at least one year. As of the latest reporting, this segment includes 63 hotels, which accounts for approximately 84% of the total portfolio. This focus allows for a stable revenue base, as the performance metrics of these established properties are easier to predict and manage, providing investors with a clearer view of the companys operational health.
2. Other Hotels: Contrasting the Same-Store Hotels segment, the Other Hotels segment comprises properties that the company has owned for less than one year. This segment includes 12 hotels, representing around 16% of the total portfolio. The inclusion of this segment reflects the company’s strategy to expand its footprint through acquisitions and renovations, thus capitalizing on emerging market opportunities.
Products
Summit Hotel Properties Inc. specializes in select-service hotels. These properties are strategically designed to offer guests enhanced comfort, convenience, and value at affordable price points. The operational model focuses on a streamlined experience that balances essential services with quality offerings. Notable characteristics of the hotels within this segment include:
- Room Size and Amenities: The rooms in these hotels are typically more compact than those in full-service properties but still include essential amenities such as free high-speed Wi-Fi, modern flat-screen televisions, and options for complimentary breakfast.
- Brand Affiliations: The hotels under Summits portfolio feature well-recognized brands, which bolster guest confidence and loyalty. Prominent brands represented include:
- Hampton Inn: Known for its comfortable accommodations and friendly service.
- Courtyard by Marriott: Offers contemporary features ideal for business travelers and leisure guests alike.
- SpringHill Suites by Marriott: Provides spacious suites designed for longer stays or families making it an attractive choice for various traveler demographics.
Services
Summit Hotel Properties Inc. is committed to providing a range of services designed to enhance the guest experience:
1. Complimentary Breakfast: Many properties offer a complimentary hot breakfast, featuring a selection of items that typically include scrambled eggs, bacon or sausage, fresh fruit, and a variety of pastries, catering to different dietary preferences.
2. Fitness Centers: On-site fitness centers equipped with standard exercise equipment provide guests with the opportunity to maintain their fitness routine while traveling.
3. Business Centers: Many hotels come equipped with business centers, allowing guests to access computers and printers, meeting critical business needs while away from home.
4. Meeting Rooms: Certain properties feature meeting rooms designed for a variety of events, from intimate business discussions to larger corporate gatherings or conferences. This versatility appeals to business travelers and organizations seeking convenient meeting spaces.
5. Pet-Friendly Accommodations: Recognizing the importance of pets in guests lives, some hotels feature pet-friendly policies, allowing guests to travel with their animals, thus broadening their customer base.
6. Additional Amenities: Summits hotels often provide a range of other amenities that enhance guest comfort and satisfaction, including swimming pools, outdoor seating areas, common gathering spaces, and 24-hour front desk services to address guest queries and concerns promptly.
In conclusion, Summit Hotel Properties Inc. stands out as a robust player in the select-service hotel market, emphasizing quality offerings and guest satisfaction through a strategic mix of well-located properties, brand partnerships, and comprehensive service provisions. The companys approach caters effectively to a diverse range of travelers, from business professionals to families, while capitalizing on its established and emerging market presence.
Segments
Summit Hotel Properties Inc. categorizes its portfolio into two primary segments:
1. Same-Store Hotels: This segment represents a foundational component of the companys portfolio, comprising hotels that have been owned for at least one year. As of the latest reporting, this segment includes 63 hotels, which accounts for approximately 84% of the total portfolio. This focus allows for a stable revenue base, as the performance metrics of these established properties are easier to predict and manage, providing investors with a clearer view of the companys operational health.
2. Other Hotels: Contrasting the Same-Store Hotels segment, the Other Hotels segment comprises properties that the company has owned for less than one year. This segment includes 12 hotels, representing around 16% of the total portfolio. The inclusion of this segment reflects the company’s strategy to expand its footprint through acquisitions and renovations, thus capitalizing on emerging market opportunities.
Products
Summit Hotel Properties Inc. specializes in select-service hotels. These properties are strategically designed to offer guests enhanced comfort, convenience, and value at affordable price points. The operational model focuses on a streamlined experience that balances essential services with quality offerings. Notable characteristics of the hotels within this segment include:
- Room Size and Amenities: The rooms in these hotels are typically more compact than those in full-service properties but still include essential amenities such as free high-speed Wi-Fi, modern flat-screen televisions, and options for complimentary breakfast.
- Brand Affiliations: The hotels under Summits portfolio feature well-recognized brands, which bolster guest confidence and loyalty. Prominent brands represented include:
- Hampton Inn: Known for its comfortable accommodations and friendly service.
- Courtyard by Marriott: Offers contemporary features ideal for business travelers and leisure guests alike.
- SpringHill Suites by Marriott: Provides spacious suites designed for longer stays or families making it an attractive choice for various traveler demographics.
Services
Summit Hotel Properties Inc. is committed to providing a range of services designed to enhance the guest experience:
1. Complimentary Breakfast: Many properties offer a complimentary hot breakfast, featuring a selection of items that typically include scrambled eggs, bacon or sausage, fresh fruit, and a variety of pastries, catering to different dietary preferences.
2. Fitness Centers: On-site fitness centers equipped with standard exercise equipment provide guests with the opportunity to maintain their fitness routine while traveling.
3. Business Centers: Many hotels come equipped with business centers, allowing guests to access computers and printers, meeting critical business needs while away from home.
4. Meeting Rooms: Certain properties feature meeting rooms designed for a variety of events, from intimate business discussions to larger corporate gatherings or conferences. This versatility appeals to business travelers and organizations seeking convenient meeting spaces.
5. Pet-Friendly Accommodations: Recognizing the importance of pets in guests lives, some hotels feature pet-friendly policies, allowing guests to travel with their animals, thus broadening their customer base.
6. Additional Amenities: Summits hotels often provide a range of other amenities that enhance guest comfort and satisfaction, including swimming pools, outdoor seating areas, common gathering spaces, and 24-hour front desk services to address guest queries and concerns promptly.
In conclusion, Summit Hotel Properties Inc. stands out as a robust player in the select-service hotel market, emphasizing quality offerings and guest satisfaction through a strategic mix of well-located properties, brand partnerships, and comprehensive service provisions. The companys approach caters effectively to a diverse range of travelers, from business professionals to families, while capitalizing on its established and emerging market presence.