Summit Hotel Properties — Third Quarter 2026 Earnings Summary

Summit Hotel Properties reported a 90.3% increase in third-quarter 2026 operating income to $16.3 million, driven by a 14.4% rise in pro forma hotel EBITDA to $60.4 million. Pro forma RevPAR grew 7.2% year-over-year to $126.17, supported by a 5.3% increase in average daily rate and a 1.8% rise in occupancy. The company also announced a full-year 2026 outlook with adjusted EBITDAre guidance raised to a range of $181.0 million to $186.0 million and adjusted FFO per share guidance increased to $0.85–$0.89. Additionally, Summit completed the sale of two Dallas-area hotels for $19.0 million and amended its term loan facilities to reduce interest rates by 20 basis points.