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Summit Hotel Properties Q3 Rev Down 6.2%, Sale of Two Assets for $39mln.
ByAinvest
Tuesday, Nov 4, 2025 4:46 pm ET1min read
• Summit Hotel Properties reports Q3 2025 results • Completed sale of two assets for $39.0 million at 4.3% cap rate • Completed refinancing of $400 million NCI term loan at accretive pricing • Operating fundamentals stable in Q3 compared to Q2 • Reduced government demand and slower international travel pressure ADRs • Despite challenges, hotel market share growth remains steady • Company's balance sheet strengthened through refinancing and asset sales
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