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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
REVENUES        
Room revenue $ 99,680 $ 75,123 $ 184,232 $ 131,764
Other hotel operations revenue 5,845 3,982 10,837 7,064
Total Revenues 105,525 79,105 195,069 138,828
Hotel operating expenses:        
Rooms 25,985 20,744 49,677 37,254
Other direct 13,214 9,483 25,234 17,263
Other indirect 27,041 20,267 50,900 35,570
Other 369 193 717 360
Total hotel operating expenses 66,609 50,687 126,528 90,447
Depreciation and amortization 16,645 12,727 32,075 23,378
Corporate general and administrative:        
Salaries and other compensation 3,330 2,294 5,489 4,715
Other 2,087 1,729 4,133 2,385
Hotel property acquisition costs 17 786 709 1,440
Loss on impairment of assets 660   660  
Total Expenses 89,348 68,223 169,594 122,365
INCOME FROM OPERATIONS 16,177 10,882 25,475 16,463
OTHER INCOME (EXPENSE)        
Interest income 122 18 172 35
Other income 64 63 104 223
Interest expense (6,846) (4,879) (13,206) (8,929)
Gain on disposal of assets 14   11 6
Gain (loss) on derivative financial instruments (1) 2 (1) 2
Total Other Expense, net (6,647) (4,796) (12,920) (8,663)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 9,530 6,086 12,555 7,800
INCOME TAX (EXPENSE) BENEFIT (329) 39 (407) (149)
INCOME FROM CONTINUING OPERATIONS 9,201 6,125 12,148 7,651
INCOME (LOSS) FROM DISCONTINUED OPERATIONS (41) 545 337 902
NET INCOME 9,160 6,670 12,485 8,553
INCOME ATTRIBUTABLE TO NON-CONTROLLING INTERESTS        
Operating partnership 61 133 51 105
Joint venture 124 89 1 52
NET INCOME ATTRIBUTABLE TO SUMMIT HOTEL PROPERTIES, INC. 8,975 6,448 12,433 8,396
PREFERRED DIVIDENDS (4,147) (3,844) (8,294) (6,296)
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 4,828 $ 2,604 $ 4,139 $ 2,100
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING        
Basic (in Shares) 85,165 65,480 85,136 64,090
Diluted (in Shares) 85,663 65,954 85,596 64,452
Basic and diluted net income (loss) per share from:        
Basic and diluted net income per share from continuing operations $ 0.06 $ 0.03 $ 0.04 $ 0.02
Basic and diluted net income per share from discontinued operations (in dollars per share)   $ 0.01 $ 0.01 $ 0.01
Basic and diluted net income per share $ 0.06 $ 0.04 $ 0.05 $ 0.03