SUMMIT HOTEL PROPERTIES REPORTS THIRD QUARTER 2024 RESULTS

Four Points San Francisco Airport Hotel Sold for $17.7 Million Subsequent to Quarter-End

AUSTIN, Texas, Nov. 4, 2024 /PRNewswire/ — Summit Hotel Properties, Inc. (NYSE: INN) (the “Company”), today announced results for the three and nine months ended September 30, 2024.

“We are pleased with our third quarter financial results highlighted by our third consecutive quarter of Adjusted FFO growth as our accretive capital recycling program strategy offset moderate top-line growth in the quarter, that was negatively affected by disruption from Hurricane Helene in September in several of our key markets.  Year-to-date,…