Summit Hotel Properties, Inc. reported a total revenue of $729.5 million for the fiscal year ending December 31, 2025, a slight decrease of 0.3% compared to $731.8 million in 2024. The decline in revenue was primarily attributed to a $6.9 million drop in room revenue, which fell to $643.8 million, driven by reduced government-related and inbound international travel. The company's same-store revenue also decreased by 1.2%, reflecting challenges in the lodging market. Despite these challenges, food and beverage revenue increased by 5.7% to $43.2 million, and other revenues rose by 5.6% to $42.5 million.
In terms of profitability, Summit Hotel Properties reported a net loss of $11.7 million for 2025, compared to a net income of $38.9 million in 2024. This significant shift was influenced by various factors, including increased operating expenses, which rose by 3.4% to $415.7 million, and a notable decrease in gains from asset disposals, which fell from $28.9 million in 2024 to $6.6 million in 2025. The company’s total expenses also increased, leading to a decline in operating income from $103.5 million in 2024 to $65.7 million in 2025.
Strategically, Summit Hotel Properties has been active in managing its portfolio, which consisted of 95 lodging properties with a total of 14,347 guestrooms across 24 states as of December 31, 2025. The company has focused on acquisitions and dispositions to optimize its asset base. Notably, the GIC Joint Venture sold several properties, including the 107-guestroom Courtyard by Marriott in Amarillo, Texas, for $20 million, resulting in a gain of approximately $4.2 million. The company also completed the sale of the 123-guestroom Courtyard by Marriott in Kansas City, Missouri, for $19 million, yielding a gain of about $2.5 million.
Operationally, the company reported an occupancy rate of 73.7% for its total portfolio, consistent with the previous year. However, the average daily rate (ADR) decreased by 1.6% to $164.85, contributing to a revenue per available room (RevPAR) decline of 1.4% to $121.44. The company’s employee headcount remained stable at 78 full-time corporate employees as of February 12, 2026, with no significant changes in labor costs reported.
Looking ahead, Summit Hotel Properties expressed a cautious but optimistic outlook, anticipating that the medium- and long-term demand for lodging will improve as macroeconomic conditions stabilize. The company plans to continue its focus on strategic acquisitions and capital investments to enhance its portfolio and operational efficiency. However, it acknowledged potential risks, including ongoing inflationary pressures and changes in consumer travel behavior, which could impact future performance.
About Summit Hotel Properties, Inc.
Summit Hotel Properties, Inc. is a self-managed real estate investment trust (REIT) focused on owning and operating upscale lodging properties across the U.S. through fee simple and joint ventures. It primarily leases properties to third-party management companies under franchise brands like Marriott and Hilton, emphasizing efficient operating models, stable cash flow, and strategic acquisitions to generate risk-adjusted returns in high-demand markets.
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