Summit Hotel Properties Inc
For the period ended Dec 31, 2024. Filed Feb 24, 2025.
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FY2024 · Filed Feb 24, 2025
INN$7.44+3.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets at and F-
Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Investments in lodging property, net | $2,746,340 | $2,736,975 |
| Investment in lodging property under development | 7,617 | 1,451 |
| Assets held for sale, net | 1,650 | 65,736 |
| Cash and cash equivalents | 40,637 | 37,837 |
| Restricted cash | 7,721 | 9,931 |
| Right-of-use assets, net | 33,309 | 34,814 |
| Trade receivables, net | 18,625 | 21,348 |
| Prepaid expenses and other | 9,580 | 8,865 |
| Deferred charges, net | 6,460 | 6,659 |
| Other assets | 24,291 | 15,632 |
| Total assets | $2,896,230 | $2,939,248 |
| LIABILITIES, REDEEMABLE NON-CONTROLLING INTERESTS AND EQUITY | ||
| Liabilities: | ||
| Debt, net of debt issuance costs | $1,396,710 | $1,430,668 |
| Lease liabilities, net | 24,871 | 25,842 |
| Accounts payable | 7,450 | 4,827 |
| Accrued expenses and other | 82,153 | 81,215 |
| Total liabilities | 1,511,184 | 1,542,552 |
| Commitments and contingencies (Note 12) | ||
| Redeemable non-controlling interests | 50,219 | 50,219 |
| Equity: | ||
| Preferred stock, $0.01 par value per share, 100,000,000 shares authorized: | ||
| 6.25% Series E - 6,400,000 shares issued and outstanding at December 31, 2024 and 2023 (aggregate liquidation preference of $160,861 at December 31, 2024 and 2023) | 64 | 64 |
| 5.875% Series F - 4,000,000 shares issued and outstanding at December 31, 2024 and 2023 (aggregate liquidation preference of $100,506 at December 31, 2024 and 2023) | 40 | 40 |
| Common stock, $0.01 par value per share, 500,000,000 shares authorized, 108,435,663 and 107,593,373 shares issued and outstanding at December 31, 2024 and 2023 respectively | 1,084 | 1,076 |
| Additional paid-in capital | 1,246,225 | 1,238,896 |
| Accumulated other comprehensive income | 9,173 | 10,967 |
| Accumulated deficit and distributions in excess of retained earnings | (347,041) | (339,848) |
| Total stockholders’ equity | 909,545 | 911,195 |
| Non-controlling interests | 425,282 | 435,282 |
| Total equity | 1,334,827 | 1,346,477 |
| Total liabilities, redeemable non-controlling interests and equity | $2,896,230 | $2,939,248 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.