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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Total revenues $ 736,127 $ 675,695 $ 361,926
Expenses:      
Property taxes, insurance and other 55,167 49,921 41,350
Depreciation and amortization 150,924 150,160 105,955
Corporate general and administrative 32,530 30,765 29,428
Transaction costs 13 749 3,849
Loss on write-down of assets 16,661 10,420 4,361
Recoveries of credit losses (1,230) (1,100) (2,632)
Total expenses 677,003 628,228 395,432
(Loss) gain on disposal of assets, net (337) 20,315 240
Operating income (loss) 58,787 67,782 (33,266)
Other income (expense):      
Interest expense (86,798) (65,581) (43,368)
Interest income 1,688 1,544 6,855
Other income, net 1,005 1,083 2,668
Total other expense, net (84,105) (62,954) (33,845)
(Loss) income from continuing operations before income taxes (25,318) 4,828 (67,111)
Income tax expense (Note 15) (2,798) (3,611) (1,473)
Net (loss) income (28,116) 1,217 (68,584)
Less - Loss attributable to non-controlling interests 18,627 249 3,011
Net (loss) income attributable to Summit Hotel Properties, Inc. before preferred dividends and distributions (9,489) 1,466 (65,573)
Less - Distributions to and accretion of redeemable non-controlling interests (2,626) (2,520) 0
Less - Preferred dividends (15,875) (15,875) (15,431)
Premium on redemption of preferred stock 0 0 (2,710)
Net loss attributable to common stockholders, basic (27,990) (16,929) (83,714)
Net loss attributable to common stockholders, diluted $ (27,990) $ (16,929) $ (83,714)
Loss per share:      
Basic (in usd per shares) $ (0.27) $ (0.16) $ (0.80)
Diluted (in usd per shares) $ (0.27) $ (0.16) $ (0.80)
Weighted average common shares outstanding - basic (in shares) 105,548 105,142 104,471
Weighted average common shares outstanding - diluted (in shares) 105,548 105,142 104,471
Dividends per common share (in dollars per share) $ 0.22 $ 0.08 $ 0
Room      
Revenues:      
Total revenues $ 656,063 $ 609,370 $ 334,338
Expenses:      
Cost of goods and services sold 148,005 136,999 74,781
Food and beverage      
Revenues:      
Total revenues 41,513 32,117 7,299
Expenses:      
Cost of goods and services sold 31,580 24,897 4,856
Other      
Revenues:      
Total revenues 38,551 34,208 20,289
Expenses:      
Cost of goods and services sold 224,901 207,975 123,626
Management fees      
Expenses:      
Cost of goods and services sold $ 18,452 $ 17,442 $ 9,858