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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Total revenues $ 181,816 $ 178,252 $ 558,692 $ 503,369
Expenses:        
Property taxes, insurance and other 14,369 13,373 43,308 40,036
Depreciation and amortization 37,882 38,130 112,300 112,462
Corporate general and administrative 8,126 6,532 25,225 23,743
Transaction costs 0 56 24 737
Recoveries of credit losses (250) (850) (500) (1,100)
Total expenses 165,324 161,017 499,997 462,799
(Loss) gain on disposal of assets, net (16) (5) (336) 20,479
Operating income 16,476 17,230 58,359 61,049
Other income (expense):        
Interest expense (22,020) (17,645) (65,177) (46,202)
Interest income 474 65 1,190 1,461
Other income (loss), net 661 (481) 458 1,638
Total other expense, net (20,885) (18,061) (63,529) (43,103)
(Loss) income from continuing operations before income taxes (4,409) (831) (5,170) 17,946
Income tax expense (Note 13) (1,360) (210) (1,679) (4,647)
Net (loss) income (5,769) (1,041) (6,849) 13,299
Loss (income) attributable to non-controlling interests 4,955 5,148 9,306 (4,481)
Net (loss) income attributable to Summit Hotel Properties, Inc. before preferred dividends and distributions (814) 4,107 2,457 8,818
Distributions to and accretion of redeemable non-controlling interests (656) (656) (1,970) (1,866)
Preferred dividends (3,968) (3,968) (11,906) (11,906)
Net loss attributable to common stockholders (5,438) (517) (11,419) (4,954)
Net loss attributable to common stockholders $ (5,438) $ (517) $ (11,419) $ (4,954)
Loss per share:        
Basic (in dollars per share) $ (0.05) $ 0 $ (0.11) $ (0.05)
Diluted (in dollars per share) $ (0.05) $ 0 $ (0.11) $ (0.05)
Weighted-average common shares outstanding:        
Basic (in shares) 105,650 105,232 105,510 105,110
Diluted (in shares) 105,650 105,232 105,510 105,110
Room        
Revenues:        
Total revenues $ 161,712 $ 160,133 $ 498,982 $ 455,747
Expenses:        
Cost of goods and services sold 37,510 37,525 112,207 101,718
Food and beverage        
Revenues:        
Total revenues 9,949 8,854 30,848 22,180
Expenses:        
Cost of goods and services sold 7,684 7,060 23,679 17,187
Other        
Revenues:        
Total revenues 10,155 9,265 28,862 25,442
Expenses:        
Cost of goods and services sold 55,826 54,883 169,780 154,871
Management fees        
Expenses:        
Cost of goods and services sold $ 4,177 $ 4,308 $ 13,974 $ 13,145