CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2011	Dec. 31, 2011 SUMMIT HOTEL OP, LP	Dec. 31, 2010 Predecessor
ASSETS
Cash and cash equivalents	$ 10,537,132	$ 10,537,132	$ 7,977,418
Restricted cash	1,464,032	1,464,032	1,933,268
Trade receivables	3,424,630	3,424,630	2,665,076
Receivable due from affiliate			4,620,059
Prepaid expenses and other	4,268,393	4,268,393	1,738,645
Land held for development	20,294,973	20,294,973	20,294,973
Property and equipment, net	498,876,238	498,876,238	445,715,804
Deferred charges and other assets, net	8,923,906	8,923,906	4,051,295
Deferred tax benefit	2,195,820	2,195,820
Other assets	4,019,870	4,019,870	4,011,992
TOTAL ASSETS	554,004,994	554,004,994	493,008,530
LIABILITIES
Accounts payable	1,670,994	1,670,994	864,560
Related party accounts payable			771,066
Accrued expenses	15,781,577	15,781,577	11,092,131
Mortgages and notes payable	217,103,728	217,103,728	420,437,207
TOTAL LIABILITIES	234,556,299	234,556,299	433,164,964
COMMITMENTS AND CONTINGENCIES
EQUITY
Members' equity			61,468,029
Partners' equity:
Summit Hotel Properties, Inc., 27,278,000 common units outstanding and 2,000,000 preferred units outstanding		278,174,960
Unaffiliated limited partners, 10,100,000 common units outstanding		41,273,735
Total members'/partners' equity		319,448,695	61,468,029
Noncontrolling interest			(1,624,463)
TOTAL EQUITY		319,448,695	59,843,566
EQUITY
Preferred stock, $.01 par value per share, 100,000,000 shares authorized, 2,000,000 issued and outstanding as of December 31, 2011	20,000
Common stock, $.01 par value per share, 450,000,000 shares authorized, 27,278,000 issued and oustanding as of December 31, 2011	272,780
Additional paid-in capital	288,902,331
Accumulated deficit and distributions	(11,020,151)
Total stockholders' equity	278,174,960
Noncontrolling interest	41,273,735
TOTAL EQUITY	319,448,695
TOTAL LIABILITIES AND EQUITY	$ 554,004,994	$ 554,004,994	$ 493,008,530