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CONSOLIDATED STATEMENTS OF OPERATIONS - (SUMMIT HOTEL OP, LP) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
REVENUE        
Room revenue $ 78,010 $ 41,312 $ 209,774 $ 111,677
Other hotel operations revenue 4,164 1,758 11,228 4,914
Total revenues 82,174 43,070 221,002 116,591
Hotel operating expenses:        
Rooms 21,927 11,388 59,182 31,490
Other direct 11,072 5,603 28,336 15,047
Other indirect 20,601 11,292 56,171 30,905
Other 183 155 543 473
Total hotel operating expenses 53,783 28,438 144,232 77,915
Depreciation and amortization 14,029 7,647 37,623 22,094
Corporate general and administrative:        
Salaries and other compensation 1,874 1,645 6,589 3,563
Other 1,072 824 3,456 2,758
Hotel property acquisition costs 114 245 1,553 1,573
Loss on impairment of assets 1,369   1,369  
Total expenses 72,241 38,799 194,822 107,903
Income (loss) from operations 9,933 4,271 26,180 8,688
OTHER INCOME (EXPENSE)        
Interest income 16 18 52 20
Other income (expense) (103) 22 120 497
Interest expense (5,948) (3,938) (14,877) (11,150)
Debt transaction costs (103) (228) (112) (651)
Gain (loss) on disposal of assets 5 (12) 11 (199)
Gain (loss) on derivative financial instruments     2 (2)
Total other income (expense) (6,133) (4,138) (14,804) (11,485)
Income (loss) from continuing operations before income tax 3,800 133 11,376 (2,797)
Income tax (expense) benefit (2,684) (21) 894 195
Income (loss) from continuing operations 1,116 112 12,270 (2,602)
Income (loss) from discontinued operations (1,697) 1,529 (4,297) 1,081
Net income (loss) (581) 1,641 7,973 (1,521)
Net income (loss) attributable to noncontrolling interest in        
Joint venture 272   324  
Net income (loss) attributable to Summit Hotel Properties, Inc./Summit Hotel OP, LP (670) 1,562 7,757 (254)
Preferred dividends (4,147) (1,156) (10,443) (3,469)
Net income (loss) attributable to common shareholders/unit holders (4,817) 406 (2,686) (3,723)
WEIGHTED AVERAGE COMMON UNITS OUTSTANDING        
Basic (in Units) 68,157 31,308 65,460 29,713
Diluted (in Units) 68,614 31,501 65,854 29,820
SUMMIT HOTEL OP, LP
       
REVENUE        
Room revenue 78,010 41,312 209,774 111,677
Other hotel operations revenue 4,164 1,758 11,228 4,914
Total revenues 82,174 43,070 221,002 116,591
Hotel operating expenses:        
Rooms 21,927 11,388 59,182 31,490
Other direct 11,072 5,603 28,336 15,047
Other indirect 20,601 11,292 56,171 30,905
Other 183 155 543 473
Total hotel operating expenses 53,783 28,438 144,232 77,915
Depreciation and amortization 14,029 7,647 37,623 22,094
Corporate general and administrative:        
Salaries and other compensation 1,874 1,645 6,589 3,563
Other 1,072 824 3,456 2,758
Hotel property acquisition costs 114 245 1,553 1,573
Loss on impairment of assets 1,369   1,369  
Total expenses 72,241 38,799 194,822 107,903
Income (loss) from operations 9,933 4,271 26,180 8,688
OTHER INCOME (EXPENSE)        
Interest income 16 18 52 20
Other income (expense) (103) 22 120 497
Interest expense (5,948) (3,938) (14,877) (11,150)
Debt transaction costs (103) (228) (112) (651)
Gain (loss) on disposal of assets 5 (12) 11 (199)
Gain (loss) on derivative financial instruments     2 (2)
Total other income (expense) (6,133) (4,138) (14,804) (11,485)
Income (loss) from continuing operations before income tax 3,800 133 11,376 (2,797)
Income tax (expense) benefit (2,684) (21) 894 195
Income (loss) from continuing operations 1,116 112 12,270 (2,602)
Income (loss) from discontinued operations (1,697) 1,529 (4,297) 1,081
Net income (loss) (581) 1,641 7,973 (1,521)
Net income (loss) attributable to noncontrolling interest in        
Joint venture 272   324  
Net income (loss) attributable to Summit Hotel Properties, Inc./Summit Hotel OP, LP (853) 1,641 7,649 (1,521)
Preferred dividends (4,147) (1,156) (10,443) (3,469)
Net income (loss) attributable to common shareholders/unit holders $ (5,000) $ 485 $ (2,794) $ (4,990)
WEIGHTED AVERAGE COMMON UNITS OUTSTANDING        
Basic (in Units) 70,917 37,393 68,476 37,385
Diluted (in Units) 71,374 37,586 68,870 37,492
Basic and diluted net income (loss) per unit from:        
Continuing operations (in dollars per unit) $ (0.05) $ (0.03) $ 0.02 $ (0.16)
Discontinued operations (in dollars per unit) $ (0.02) $ 0.04 $ (0.06) $ 0.03
Basic and diluted net income (loss) per unit (in dollars per unit) $ (0.07) $ 0.01 $ (0.04) $ (0.13)