#United States #Austin #RevPAR #Summit Hotel Properties #NYSE INN

Summary of Financial Results for Q3 2025

Summit Hotel Properties, Inc. recently announced its financial results for the third quarter ended September 30, 2025. Despite facing a challenging environment characterized by reduced government demand and slowed international travel, the company showcased resilience by maintaining a certain degree of operational stability.

Key Financial Metrics

The financial highlights reveal a net loss attributable to common stockholders of $11.3 million, or $0.11 per diluted share, compared to a loss of $4.3 million or $0.04 per diluted share the previous year. Total revenues amounted to $177.1 million, a slight increase from $176.8 million in Q3 2024.

Revenue per Available Room (RevPAR)

The same store RevPAR decreased by 3.7% to $115.77, with the average daily rate (ADR) dipping 3.4% to $157.62. In contrast, occupancy rates saw a minor decline of 0.3%, settling at 73.5%. Additionally, pro forma RevPAR saw a decrease of 4.2% reflecting the broader market impact.

Operating Efficiency

In terms of operational efficiency, the company reported a pro forma operating expense increase of less than 2% for the quarter, continuing its strategy of disciplined cost management. The same store hotel EBITDA dropped to $52 million, while the EBITDA margin contracted to 30.3%.

Strategic Moves

After the quarter ended, Summit completed the sale of two hospitality assets for $39 million. This move is part of their capital recycling strategy, aiming to strengthen the balance sheet and enhance liquidity. The company has successfully sold a total of 12 hotels since 2023, generating roughly $187 million.

2025 Performance Outlook

Looking ahead, Summit Hotel Properties remains optimistic about the long-term prospects despite current headwinds. The company anticipates an improvement in operating trends in the upcoming fourth quarter and emphasizes that the overall industry is expected to benefit significantly from minimal new supply growth.

"While the landscape remains tough, our strategic initiatives and focused management will guide us towards better fundamentals," stated Jonathan P. Stanner, the Company's CEO.

Conference Call

The Company will hold a conference call to discuss these results and future expectations on November 5, 2025. Interested investors and analysts are encouraged to register in advance for dial-in details.

Conclusion

In summary, Summit Hotel Properties is navigating through a complex market environment. By implementing astute operational strategies and asset management, the company is poised for recovery and potential growth in the coming quarters.

For further insights and detailed financial disclosures, visit Summit Hotel Properties' website or access their investor relations portal.