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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
OPERATING ACTIVITIES    
Net income (loss) $ (2,804,810) $ (7,820,677)
Adjustments to reconcile net income (loss) to net cash from operating activities:    
Depreciation and amortization 8,480,288 6,858,431
Amortization of prepaid lease 11,850 11,850
Loss on impairment of assets 932,000  
Equity-based compensation 125,874 126,828
Deferred tax benefit (462,884)  
Changes in operating assets and liabilities:    
Trade receivables (2,543,735) (719,418)
Prepaid expenses and other 563,893 4,614,137
Accounts payable and related party accounts payable 5,420 (202,188)
Income tax receivable (16,316)  
Accrued expenses (1,644,401) (1,597,474)
Restricted cash released (funded) 258,361 550,539
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 2,905,540 1,822,028
INVESTING ACTIVITIES    
Land and hotel acquisitions (29,738,000)  
Purchases of other property and equipment (6,832,551) (3,087,798)
Proceeds from asset dispositions, net of closing costs 2,156 4,316
Restricted cash released (funded) (337,133) 733,035
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES (36,905,528) (2,350,447)
FINANCING ACTIVITIES    
Proceeds from issuance of debt 111,550,022 456,059
Principal payments on debt (70,549,589) (225,178,820)
Financing fees on debt (983,853) (82,524)
Proceeds from equity offerings, net of offering costs (322,504) 241,250,082
Distributions to members and dividends paid (5,361,276) (8,282,935)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 34,332,800 8,161,862
NET CHANGE IN CASH AND CASH EQUIVALENTS 332,812 7,633,443
CASH AND CASH EQUIVALENTS    
BEGINNING OF PERIOD 10,537,132 7,977,418
END OF PERIOD 10,869,944 15,610,861
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash payments for interest 3,387,731 9,121,513
Cash payments for state income taxes, net of refunds 119,824 19,302
SUMMIT HOTEL OP, LP
   
OPERATING ACTIVITIES    
Net income (loss) (2,804,810) (7,820,677)
Adjustments to reconcile net income (loss) to net cash from operating activities:    
Depreciation and amortization 8,480,288 6,858,431
Amortization of prepaid lease 11,850 11,850
Loss on impairment of assets 932,000  
Equity-based compensation 125,874 126,828
Deferred tax benefit (462,884)  
Changes in operating assets and liabilities:    
Trade receivables (2,543,735) (719,418)
Prepaid expenses and other 563,893 4,614,137
Accounts payable and related party accounts payable 5,420 (202,188)
Income tax receivable (16,316)  
Accrued expenses (1,644,401) (1,597,474)
Restricted cash released (funded) 258,361 550,539
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 2,905,540 1,822,028
INVESTING ACTIVITIES    
Land and hotel acquisitions (29,738,000)  
Purchases of other property and equipment (6,832,551) (3,087,798)
Proceeds from asset dispositions, net of closing costs 2,156 4,316
Restricted cash released (funded) (337,133) 733,035
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES (36,905,528) (2,350,447)
FINANCING ACTIVITIES    
Proceeds from issuance of debt 111,550,022 456,059
Principal payments on debt (70,549,589) (225,178,820)
Financing fees on debt (983,853) (82,524)
Contributions, net of offering costs (322,504) 241,250,082
Distributions to members and dividends paid (5,361,276) (8,282,935)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 34,332,800 8,161,862
NET CHANGE IN CASH AND CASH EQUIVALENTS 332,812 7,633,443
CASH AND CASH EQUIVALENTS    
BEGINNING OF PERIOD 10,537,132 7,977,418
END OF PERIOD 10,869,944 15,610,861
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash payments for interest 3,387,731 9,121,513
Cash payments for state income taxes, net of refunds $ 119,824 $ 19,302