Welcome to our dedicated page for Summit Hotel Pptys SEC filings (Ticker: INN), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
RevPAR trends, lease structures, and capital recycling moves are buried deep inside Summit Hotel Properties鈥� dense SEC documents. Sorting hotel-level operating metrics from partnership accounting footnotes can take hours. That complexity is why investors often search for Summit Hotel Properties SEC filings explained simply and still leave with unanswered questions.
Stock Titan solves the problem. Our AI reads every Summit Hotel Properties quarterly earnings report 10-Q filing, flags occupancy swings and debt covenant changes, and turns the 300-page Summit Hotel Properties annual report 10-K simplified into a two-minute overview. Want to catch management activity? We deliver Summit Hotel Properties Form 4 insider transactions real-time so you never miss new Summit Hotel Properties executive stock transactions Form 4. You鈥檒l also find instant alerts when an 8-K drops鈥攖hink Summit Hotel Properties 8-K material events explained with context, not jargon.
Whether you鈥檙e screening dividend stability, comparing RevPAR by brand, or preparing a property-level model, our platform keeps every disclosure at your fingertips. Use AI-powered summaries for quick insight, then dive into the source PDF without leaving the page. Track Summit Hotel Properties insider trading Form 4 transactions, review board pay in the Summit Hotel Properties proxy statement executive compensation section, and explore our exclusive Summit Hotel Properties earnings report filing analysis. Start understanding Summit Hotel Properties SEC documents with AI today鈥攔eal-time updates, complete coverage, zero guesswork.
The Vanguard Group filed Amendment No. 15 to Schedule 13G on Summit Hotel Properties (INN) covering holdings as of 30 Jun 2025.
- Beneficial ownership: 13,178,484 common shares, equal to 11.74 % of shares outstanding.
- Voting power: 0 sole; 69,079 shared鈥擵anguard exercises very limited voting authority.
- Dispositive power: 13,006,838 sole; 171,646 shared.
- Filed under Rule 13d-1(b) as an investment adviser (IA); securities held in the ordinary course for client accounts.
- Certification signed by Ashley Grim, Head of Global Fund Administration, on 29 Jul 2025.
The filing confirms Vanguard remains a major passive holder of INN. While the 11.74 % stake provides market influence, the near-zero voting power limits its ability to sway corporate governance directly.
Summit JV MR 2, Summit JV MR 3 and Summit NCI NOLA BR 184 entered into a new $400 million secured term loan on 24 Jul 2025. Bank of America acts as administrative agent with Wells Fargo as syndication agent; Summit Hospitality JV, LP (a JV between Summit Hotel OP, LP and USFI G-Peak Pte. Ltd.) is the parent guarantor. Summit Hotel Properties, Inc. (NYSE: INN) is neither a borrower nor a guarantor.
Key terms
- Size: $400 m, with an accordion permitting expansion to 鈮� $600 m.
- Maturity: 24 Jul 2028; two optional 12-month extensions push final maturity to 24 Jul 2030.
- Interest: borrower option of Daily/1- or 3-mo Term SOFR + 2.35% (0% floor) or base rate + 1.35% (1% floor); interest payable at least quarterly.
- No pre-payment penalty; principal due at maturity or earlier upon borrowing-base changes/default.
Collateral & borrowing base
- First-priority pledge of equity interests in subsidiaries holding U.S. hotel or parking assets and related TRS entities.
- Assets can be added/removed if diversity tests and LTV limits are maintained.
Financial covenants
- Leverage 鈮� 55%.
- Secured debt/asset value (ex-facility) 鈮� 40%.
- Fixed-charge coverage 鈮� 1.50脳.
- Tangible net worth 鈮� $593.9 m + 75% of future equity proceeds.
- Facility outstandings/borrowing-base value 鈮� 55% and unencumbered NOI/assumed unsecured interest 鈮� 1.50脳.
The facility supplies sizable, flexible capital for the JV while imposing customary REIT leverage and coverage discipline.
FAQ
What is the current stock price of Summit Hotel Pptys (INN)?
What is the market cap of Summit Hotel Pptys (INN)?
What is the core business of Summit Hotel Properties, Inc.?
How does the company generate its revenue?
What distinguishes Summit from other hotel REITs?
How is Summit Hotel Properties, Inc. structured?
What role does capital recycling play in the company鈥檚 strategy?
In which markets are its hotels primarily located?
What hotel brands does Summit work with?
How does efficient operating management impact the company鈥檚 performance?
