Summit Hotel Properties Q3 Net Loss Narrows 56% to $5.18 Million

Summit Hotel Properties, Inc. reported third-quarter 2026 revenue of $185.7 million, exceeding the FactSet estimate of $180.9 million. The company recorded a net loss attributable to common stockholders of $7.7 million, or $0.07 per diluted share, an improvement from the $11.3 million loss reported in the same period of 2025. Pro forma RevPAR increased 7.2% to $126.17, while pro forma hotel EBITDA grew 14.4% to $60.4 million, supported by 191 basis points of margin expansion. Driven by strong operating fundamentals and demand growth, the company raised its full-year 2026 guidance for RevPAR growth and adjusted earnings measures.