Financing ·
On August 7, 2026, Summit Hotel Properties, Inc. entered into an equity distribution agreement with multiple sales…
INN-PESummit Hotel Properties, Inc.
On August 7, 2026, Summit Hotel Properties, Inc. entered into an equity distribution agreement with multiple sales agents to establish an at-the-market (ATM) offering program. This agreement authorizes the company to offer and sell shares of its common stock having an aggregate gross sales price of up to $200,000,000. The program allows for sales through ordinary brokers' transactions on the New York Stock Exchange or in negotiated transactions, with sales agents receiving commissions not exceeding 2.0% of the gross sales price. Proceeds from any issued shares will be contributed to the operating partnership for general business purposes, including hotel acquisitions and debt repayment. Summit Hotel Properties, Inc. operates as a real estate investment trust focused on owning and managing upscale hotels.