Summit Hotel Properties, Inc. (INN.PE) company profile
Close on Oct 30, 2026Market cap $767.92MP/E –Yield 4.49%
About Summit Hotel Properties
Real Estate Investment Trusts, SIC 6798
Summit Hotel Properties, Inc. is a self-managed lodging real estate investment trust that invests in lodging properties, primarily focusing on the upscale segment of the lodging industry. The company operates through a single reportable segment and leases its hotel properties to taxable REIT subsidiaries, which contract professional third-party management companies to handle daily hotel operations. Its portfolio accommodations predominantly feature brand affiliations with major franchisors, catering to a customer base of business transient, group, leisure, and government travelers.
As of December 31, 2025, the company's portfolio comprises 95 lodging properties containing 14,347 guestrooms distributed across 24 states within the United States, with a concentration in top metropolitan statistical areas. Most of these properties operate under franchise brands owned by Marriott International, Hilton Worldwide, Hyatt Hotels Corporation, and InterContinental Hotels Group. Summit Hotel Properties maintains its corporate headquarters in Austin, Texas.
Summary of the business section of Summit Hotel Properties's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Summit Hotel Properties, Inc.
- Founded
- 2010
- Headquarters
- Austin, TX
- Address
- 13215 Bee Cave Parkway, Suite B-300 78738
- Phone
- (512) 538-2300
- Website
- shpreit.com
- Employees
- 78, Dec 31, 2025
- Industry
- Real Estate Investment Trusts
- Incorporated in
- Maryland
- Fiscal year ends
- December 31
- Auditor
- Ernst & Young LLP, Austin, Texas
Stock & identifiers
- Ticker
- INN.PE
- Other tickers
- INN, INN.PF
- Exchange
- NYSE
- IPO date
- Feb 10, 2011
- Shares outstanding
- 108M, Jul 24, 2026
- Public float
- $530.95M, Jun 30, 2025
- Filer category
- Accelerated filer
- SEC CIK
- 1497645
- CUSIP
- 866082100
- ISIN
- US8660821005
- LEI
- 254900OBQWJK6X20LS71
- EIN
- 27-2962512
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Jonathan P. Stanner | President, CEO & Director | 2,099,813 |
| Paul Ruiz | SVP & Chief Accounting Officer | 377,384 |
| William Higgins Conkling | EVP & Chief Financial Officer | 939,545 |
| Christopher R. Eng | See remarks | 453,746 |
| Bjorn R.L. Hanson | Director | 180,263 |
| Amina Belouizdad | Director | 105,543 |
| Mehulkumar Bhikhubhai Patel | Director | 539,981 |
| Kenneth J. Kay | Director | 166,835 |
| Jeffrey W. Jones | Director | 166,835 |
| Thomas W. Storey | Director | 253,630 |
| Hope S. Taitz | Director | 148,752 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 | $5.46M | $1.45M | $1.64M | $63 | $115 |
| FY2024 | $5.39M | $6.75M | $1.59M | $83 | $122 |
| FY2023 | $5.65M | $2.35M | $1.64M | $78 | $124 |
| FY2022 | $5.43M | $2.24M | $1.22M | $81 | $100 |
| FY2021 Daniel Hansen | $3.58M | $2.96M | $2.01M | $108 | $118 |
| FY2021 Jonathan Stanner | $4.93M | $3.66M | $2.01M | $108 | $118 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Executive compensation, fiscal 2025
Summary compensation table from the latest proxy statement
| Executive | Salary | Stock awards | Incentive pay | Other | Total | vs. prior year |
|---|---|---|---|---|---|---|
| Jonathan P. Stanner President & CEO | $800.00K | $3.75M | $900.00K | $14.00K | $5.46M | +1% |
| William H. Conkling EVP & CFO | $500.00K | $1.53M | $375.00K | $14.00K | $2.42M | +6% |
| Christopher R. Eng EVP, CRO, GC | $450.00K | $567.80K | $337.50K | $14.00K | $1.37M | -0% |
| Paul Ruiz SVP, CAO | $350.00K | $545.10K | $230.74K | $14.00K | $1.14M | +1% |
Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.
IPO
From the final prospectus (Form 424B4) and the first day of trading
Offering
- Type
- Initial public offering
- Final prospectus filed
- Feb 10, 2011
- Offer price
- $9.75
- Securities offered
- 26,000,000
- Gross proceeds
- $253.50M
- Exchange
- NYSE
- First trading day
- Feb 9, 2011
- First-day close
- $9.69-0.6%
- Lock-up ends (est.)
- Aug 8, 2011
“Per Share Total Initial public offering price $ 9.7500 $ 253,500,000 Underwriting discounts and commissions $ 0.6825 $ 17,745,000 Proceeds, before expenses, to us $ 9.0675 $ 235,755,000 We have granted the underwriters the right to purchase up to 3,900,000 additional shares of common stock to cover over-allotments.”
Lock-up end is estimated as 180 days after the first trading day; the prospectus sets the actual terms.
Employees
Headcount reported in annual reports
“As of February 12, 2026, we had 78 full-time corporate employees.”
Corporate history
Events identified from SEC filings