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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues:      
Revenues $ 234,463 $ 549,348 $ 567,270
Expenses:      
Property taxes, insurance and other 44,691 44,220 43,339
Depreciation and amortization 109,619 99,445 101,013
Corporate general and administrative 20,985 23,622 21,509
Provision for credit losses 4,821 0 0
Loss on impairment and write-off of assets 1,759 2,521 1,075
Total expenses 343,857 475,360 483,545
(Loss) gain on disposal of assets, net (16) 45,418 41,474
Operating (loss) income (109,410) 119,406 125,199
Other income (expense):      
Interest expense (43,300) (41,030) (41,944)
Other income, net 4,841 5,472 6,949
Total other expense (38,459) (35,558) (34,995)
(Loss) income from continuing operations before income taxes (147,869) 83,848 90,204
Income tax (expense) benefit (Note 14) (1,376) (1,500) 922
Net (loss) income (149,245) 82,348 91,126
Operating Partnership 271 (157) (205)
Joint venture (5,635) (419) 0
Net (loss) income attributable to Summit Hotel Properties, Inc. (143,339) 82,610 90,921
Preferred dividends (14,838) (14,838) (16,671)
Premium on redemption of preferred stock 0 0 (3,277)
Net (loss) income attributable to common stockholders $ (158,177) $ 67,772 $ 70,973
(Loss) earnings per share:      
Basic and diluted (in dollars per share) $ (1.52) $ 0.65 $ 0.68
Weighted average common shares outstanding:      
Basic (in Shares) 104,141 103,887 103,623
Diluted (in Shares) 104,141 103,939 103,842
Dividends per common share (in dollars per share) $ 0.18 $ 0.72 $ 0.72
Room      
Revenues:      
Revenues $ 215,506 $ 505,342 $ 523,439
Expenses:      
Hotel operating expenses 53,784 112,244 119,724
Food and beverage      
Revenues:      
Revenues 6,444 23,785 24,225
Expenses:      
Hotel operating expenses 5,416 18,552 19,191
Other      
Revenues:      
Revenues 12,513 20,221 19,606
Expenses:      
Hotel operating expenses 96,506 158,181 159,173
Management fees      
Expenses:      
Hotel operating expenses $ 6,276 $ 16,575 $ 18,521