Summit Hotel Properties Reports Q4 Earnings

Executives highlight market share gains, cost controls, and balance sheet actions amid challenging environment

Published on Mar. 3, 2026

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Summit Hotel Properties (NYSE:INN) executives said the company ended 2025 with improving demand trends and continued to lean on market share gains, cost controls, and balance sheet actions to navigate what management described as a 'complex and challenging operating environment.' Speaking on the company's fourth-quarter earnings call, President and CEO Jonathan Stanner and CFO Trey Conkling highlighted sequential improvement in RevPAR trends late in the year, ongoing headwinds tied to government and inbound international demand, and an initial 2026 outlook that calls for modest top-line growth.

Why it matters

As a real estate investment trust (REIT) focused on select-service hotels, Summit Hotel Properties' performance provides insights into the broader hotel industry's recovery from the pandemic. The company's ability to gain market share, manage costs, and strengthen its balance sheet offer lessons for other hotel operators navigating a challenging operating environment.

The details

Summit Hotel Properties reported that fourth-quarter demand showed an 'encouraging positive inflection' compared to the second and third quarters of 2025, with same-store RevPAR declining 1.6%. However, government and inbound international demand, which together represent 10-15% of the company's room nights, declined around 20% on a blended basis during the quarter. Excluding those segments, fourth-quarter RevPAR increased roughly 60 basis points year over year. Management emphasized market share gains, with the company's RevPAR index improving by 220 basis points to 117 and approaching or surpassing post-pandemic highs in many markets. Strong performances were noted in San Francisco, Orlando, and South Florida.

  • In the fourth quarter of 2025, same-store RevPAR declined 1.6%.
  • In January 2026, RevPAR fell about 3% after Winter Storm Fern disrupted travel.
  • In March 2026, pace improved to around flat to slightly positive, and April pace was up mid-single digits.

The players

Summit Hotel Properties

A real estate investment trust (REIT) that acquires, owns and operates branded select-service hotels and extended-stay properties across the United States.

Jonathan Stanner

President and CEO of Summit Hotel Properties.

Trey Conkling

CFO of Summit Hotel Properties.

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