DISCONTINUED OPERATIONS (Tables)

9 Months Ended

Sep. 30, 2012

Schedule of Discontinued Operations, Income Statement

Condensed results of operations for these hotel properties included in discontinued operations are as follows:

	Summit Hotel Properties, Inc.												Summit Hotel Properties, LLC (Predecessor)
	Three months ended 09/30/12			Three months ended 09/30/11			Nine months ended 09/30/12			Period 2/14/11 to 9/30/11			Period 1/1/11 to 2/13/11
REVENUE	$	157,284		$	1,893,129		$	2,069,253		$	4,156,363		$	506,058
EXPENSES
Rooms		42,802			499,243			715,991			1,217,332			177,369
Other direct		17,625			173,309			252,089			391,601			123,856
Other indirect		42,425			412,432			612,819			915,732			164,368
Loss on impairment of assets		-			-			2,098,000			-			-
Depreciation and amortization		-			283,271			325,262			703,396			140,285
		102,852			1,368,255			4,004,161			3,228,061			605,878
INCOME (LOSS) FROM OPERATIONS		54,432			524,874			(1,934,908	)		928,302			(99,820	)
OTHER INCOME (EXPENSE)
Interest expense		-			(118,850	)		(130,736	)		(221,561	)		(188,585	)
INCOME (LOSS) BEFORE TAXES		54,432			406,024			(2,065,644	)		706,741			(288,405	)
INCOME TAX (EXPENSE) BENEFIT		(2,566	)		125			15,231			(18,699	)		(13,795	)
INCOME (LOSS) FROM
DISCONTINUED OPERATIONS	$	51,866		$	406,149		$	(2,050,413	)	$	688,042		$	(302,200	)
NET INCOME (LOSS) FROM DISCONTINUED
OPERATIONS ATTRIBUTABLE TO
NONCONTROLLING INTEREST	$	8,397		$	109,747		$	(420,745	)	$	185,917		$	(81,658	)
NET INCOME (LOSS) FROM DISCONTINUED
OPERATIONS ATTRIBUTABLE TO
COMMON STOCKHOLDERS/MEMBERS	$	43,469		$	296,402		$	(1,629,668	)	$	502,125		$	(220,542	)