CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2012	Dec. 31, 2011
ASSETS
Cash and cash equivalents	$ 10,869,944	$ 10,537,132
Restricted cash	1,542,804	1,464,032
Trade receivables	6,155,365	3,424,630
Prepaid expenses and other	3,704,500	4,268,393
Land held for development	20,294,973	20,294,973
Assets held for sale	15,901,437
Property and equipment, net	529,775,110	498,876,238
Deferred charges and other assets, net	9,152,713	8,923,906
Deferred tax benefit	2,658,704	2,195,820
Other assets	4,022,180	4,019,870
TOTAL ASSETS	604,077,730	554,004,994
LIABILITIES
Accounts payable	1,654,708	1,670,994
Liabilities related to assets held for sale	5,963,960
Accrued expenses	13,913,620	15,781,577
Mortgages and notes payable	271,459,463	217,103,728
TOTAL LIABILITIES	292,991,751	234,556,299
COMMITMENTS AND CONTINGENCIES
EQUITY
Preferred stock, $.01 par value per share, 100,000,000 shares authorized, 2,000,000 issued and outstanding as of March 31, 2012	20,000	20,000
Common stock, $.01 par value per share, 450,000,000 shares authorized, 27,278,000 issued and oustanding as of March 31, 2012	272,780	272,780
Additional paid-in capital	288,705,701	288,902,331
Accumulated deficit and distributions	(16,979,659)	(11,020,151)
Total stockholders' equity	272,018,822	278,174,960
Noncontrolling interest	39,067,157	41,273,735
TOTAL EQUITY	311,085,979	319,448,695
Partners' equity:
TOTAL LIABILITIES AND EQUITY	604,077,730	554,004,994
SUMMIT HOTEL OP, LP
ASSETS
Cash and cash equivalents	10,869,944	10,537,132
Restricted cash	1,542,804	1,464,032
Trade receivables	6,155,365	3,424,630
Receivable due from affiliate
Prepaid expenses and other	3,704,500	4,268,393
Land held for development	20,294,973	20,294,973
Assets held for sale	15,901,437
Property and equipment, net	529,775,110	498,876,238
Deferred charges and other assets, net	9,152,713	8,923,906
Deferred tax benefit	2,658,704	2,195,820
Other assets	4,022,180	4,019,870
TOTAL ASSETS	604,077,730	554,004,994
LIABILITIES
Accounts payable	1,654,708	1,670,994
Liabilities related to assets held for sale	5,963,960
Accrued expenses	13,913,620	15,781,577
Mortgages and notes payable	271,459,463	217,103,728
TOTAL LIABILITIES	292,991,751	234,556,299
COMMITMENTS AND CONTINGENCIES
Partners' equity:
Summit Hotel Properties, Inc., 27,278,000 common units outstanding and 2,000,000 preferred units outstanding	272,018,822	278,174,960
Unaffiliated limited partners, 10,100,000 common units outstanding	39,067,157	41,273,735
TOTAL EQUITY	311,085,979	319,448,695
TOTAL LIABILITIES AND EQUITY	$ 604,077,730	$ 554,004,994