MARKET WIRE NEWS

SUMMIT HOTEL PROPERTIES DECLARES THIRD QUARTER 2025 DIVIDENDS

MWN-AI** Summary

Summit Hotel Properties, Inc. (NYSE: INN) announced its third-quarter dividends for 2025, declaring a cash dividend of $0.08 per common share and per common unit of its limited partnership, Summit Hotel OP, LP. This dividend reflects an annualized yield of 6.1%, based on the closing stock price as of October 30, 2025. Additional dividends were also declared for the Company’s preferred stock, including $0.390625 per share for its 6.25% Series E Cumulative Redeemable Preferred Stock and $0.3671875 per share for its 5.875% Series F Cumulative Redeemable Preferred Stock, both for the period ending November 30, 2025.

The operating partnership further declared cash distributions of $0.328125 per unit for its unregistered 5.25% Series Z Cumulative Perpetual Preferred Units for the same distribution period. All dividends are scheduled to be payable on November 28, 2025, to shareholders of record as of November 14, 2025.

Summit Hotel Properties primarily focuses on premium-branded lodging within the upscale segment of the hotel industry. As of September 30, 2025, the Company’s portfolio included 97 properties across 25 states, totaling 14,577 guestrooms. The dividend announcement is part of the Company’s commitment to providing returns to its investors, particularly amidst the fluctuating dynamics of the hospitality market.

It’s important to note that the release included forward-looking statements, highlighting the inherent risks and uncertainties associated with projections regarding future dividends. Investors are advised to review the Company’s filings with the Securities and Exchange Commission for further insights into potential market influences and operational performance. For more information, Summit Hotel Properties can be followed on its official website and social media platforms.

MWN-AI** Analysis

Summit Hotel Properties, Inc. (NYSE: INN) recently declared a third-quarter dividend of $0.08 per share for the period ending September 30, 2025, yielding an annualized rate of approximately 6.1%. This distribution reflects the Company's commitment to returning value to its shareholders amidst a recovery phase in the lodging industry. Investors should be encouraged by this solid yield, especially in an environment where interest rates fluctuate and equities can be volatile.

The lodging sector has rebounded significantly post-pandemic, as travel demand resumes driven by both leisure and business activities. However, potential investors must remain mindful of several factors influencing the industry. As of the latest updates, Summit operates 97 assets across 25 states, indicating a diversified portfolio. Diversification within geographic regions and property types can mitigate risks associated with economic downturns or regional disruptions.

Investors should also consider the Company's balance sheet health and operational efficiency. Summit's ability to maintain consistent dividends suggests effective management of operating costs and capital allocation. The cumulative preferred stock dividends—$0.390625 for Series E and $0.3671875 for Series F—show that the company prioritizes structured payouts, increasing appeal to income-focused investors.

Nevertheless, caution is warranted. Forward-looking statements indicate that Summit faces risks from market fluctuations, competitive pressures, and broader economic conditions. Given these uncertainties, stock performance could be influenced by economic data and travel sentiment.

In summary, with a compelling dividend yield and a strong operational model, Summit Hotel Properties represents a potentially attractive opportunity for income-focused investors. However, it is crucial to keep an eye on economic indicators, as these will ultimately shape market conditions in the lodging industry. Investors are encouraged to conduct further research or consult financial advisors to adapt investment strategies accordingly.

**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.

Source: PR Newswire

PR Newswire

AUSTIN, Texas, Oct. 31, 2025 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), announced today that its Board of Directors has authorized, and the Company has declared, a cash dividend for the third quarter ended September 30, 2025, of $0.08 per share of common stock of the Company and per common unit of limited partnership interest in Summit Hotel OP, LP, the Company's operating partnership. The Company's third quarter common dividend represents an annualized dividend yield of 6.1 percent based on the closing price of shares of the common stock on October 30, 2025.

The Board of Directors has also authorized, and the Company has declared, a cash dividend of $0.390625 per share of the Company's 6.25% Series E Cumulative Redeemable Preferred Stock for the dividend period ending on November 30, 2025, and a cash dividend of $0.3671875 per share of the Company's 5.875% Series F Cumulative Redeemable Preferred Stock for the dividend period ending on November 30, 2025.

Additionally, the Board of Directors has authorized a cash distribution, and the Company has declared on behalf of the operating partnership, distributions of $0.328125 per unit pertaining to the operating partnership's unregistered 5.25% Series Z Cumulative Perpetual Preferred Units for the distribution period ending on November 30, 2025.

The dividends are payable on November 28, 2025, to holders of record as of November 14, 2025.

About Summit Hotel Properties

Summit Hotel Properties, Inc. is a publicly-traded real estate investment trust focused on owning premium-branded lodging properties with efficient operating models primarily in the Upscale segment of the lodging industry. As of September 30, 2025, the Company's portfolio consisted of 97 assets, 53 of which are wholly owned, with a total of 14,577 guestrooms located in 25 states.

For additional information, please visit the Company's website, www.shpreit.com, and follow the Company on X, formerly Twitter, at @SummitHotel_INN.

Forward Looking Statements

This press release contains statements that are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended, pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identifiable by use of forward-looking terminology such as "may," "will," "should," "potential," "intend," "expect," "seek," "anticipate," "estimate," "approximately," "believe," "could," "project," "predict," "forecast," "continue," "plan," "likely," "would" or other similar words or expressions. These forward-looking statements relate to the payment of dividends. Forward-looking statements are based on certain assumptions and can include future expectations, future plans and strategies, financial and operating projections or other forward-looking information. These forward-looking statements are subject to various risks and uncertainties, not all of which are known to the Company and many of which are beyond the Company's control, which could cause actual results to differ materially from such statements. These risks and uncertainties include, but are not limited to, the state of the U.S. economy, supply and demand in the hotel industry and other factors as are described in greater detail in the Company's filings with the Securities and Exchange Commission, including, without limitation, the Company's Annual Report on Form 10-K for the year ended December 31, 2024. Unless legally required, the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE Summit Hotel Properties, Inc.

FAQ**

How does the recently declared cash dividend of $0.08 per share for Summit Hotel Properties Inc. (NYSE: INN) reflect the company's financial health and performance in the third quarter of 2025?

The recently declared cash dividend of $0.08 per share for Summit Hotel Properties Inc. indicates a positive financial health and performance in Q3 2025, signaling the company's ability to generate consistent profits and prioritize shareholder returns amid economic conditions.

What factors contributed to the Board of Directors' decision to authorize an annualized dividend yield of 6.1% for Summit Hotel Properties Inc. (NYSE: INN) based on the share price as of October 30, 2025?

The Board of Directors of Summit Hotel Properties Inc. likely considered strong financial performance, positive cash flow, stable occupancy rates, and a commitment to returning value to shareholders when approving the 6.1% annualized dividend yield as of October 30, 2025.

Could you elaborate on any potential risks or uncertainties that may affect the payment of dividends for Summit Hotel Properties Inc. (NYSE: INN) as suggested in the forward-looking statements included in the press release?

Potential risks for Summit Hotel Properties Inc. regarding dividend payments may include fluctuations in occupancy rates, changes in market conditions, increased operational costs, regulatory impacts, and overall economic uncertainties that could affect cash flow.

How do the cash dividends declared for Series E and Series F preferred stocks impact the overall investor sentiment towards Summit Hotel Properties Inc. (NYSE: INN) and its strategic plans moving forward?

The declaration of cash dividends for Series E and Series F preferred stocks enhances investor sentiment towards Summit Hotel Properties Inc. (NYSE: INN) by signaling financial stability and commitment to shareholder returns, bolstering confidence in its strategic plans.

**MWN-AI FAQ is based on asking OpenAI questions about Summit Hotel Properties Inc. (NYSE: INN).

Summit Hotel Properties Inc.

NASDAQ: INN

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