About Summit Hotel Properties
Summit Hotel Properties is a publicly listed company based in Austin (United States) founded in 2004. Hotel properties are invested in by this equity REIT. Summit Hotel Properties has raised $30.78 million across 5 funding rounds from investors including KeyBank, PNC and Raymond James. The company has 85 employees. Its chief executive, as recorded, is Jonathan Stanner. Summit Hotel Properties offers products and services including Hotel Portfolio Management and Investment Opportunities. Its focus areas include REITs, Equity and Hospitality. Its legal entity is Summit Hotel Properties, Inc. Its competitors include RLJ Lodging Trust, Ashford Trust and DiamondRock Hospitality.
Company details
Summit Hotel Properties was founded in 2004 and is headquartered in Austin, United States. Operations are centered on the real estate investment trust sector, with a focus on acquiring and managing upscale hotel assets across various U.S. markets. Equity investments are directed toward properties that generate income through lodging services. Leadership is provided by CEO and President Jonathan Stanner, overseeing portfolio growth and asset performance.
- Headquarters Austin, United States
- Employees 85
- Stage Public
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website shpreit.com
- Social LinkedIn X
- Legal Name Summit Hotel Properties, Inc.
- Annual Revenue$729.47 M (USD)-0.32as on Dec 31, 2025
- Net Profit-$5.02 M (USD)-111.58as on Dec 31, 2025
- EBITDA$210.55 M (USD)-7.55as on Dec 31, 2025
- Total Equity Funding$30.78M (USD)
in 5 rounds
- Latest Funding Round$600M (USD), Debt – Conventional
Dec 2018
- InvestorsKeyBank
& 8 more
- Employee Count85
Products & Services of Summit Hotel Properties
Summit Hotel Properties offers a comprehensive portfolio of products and services, including Hotel Portfolio Management and Investment Opportunities.
Manages lodging assets for investment returns
Provides access to hotel real estate for investors
Funding Insights of Summit Hotel Properties
Summit Hotel Properties has successfully raised a total of $30.78M across 5 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $600 million completed in December 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $30.78M
- Total Rounds 5
- Last Round Debt – Conventional — $600M
- First Round $30.78M
(Oct 2009)
- Investors Count 9
All 5 funding rounds of Summit Hotel Properties with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2018 | $600M | Debt – Conventional | – | – | – |
| Oct 2017 | $225M | Debt – Conventional | – | – | |
| Jun 2016 | $75M | Post-IPO | – | – | – |
| Apr 2015 | $125M | Debt – Conventional | – | – | |
| Oct 2009 | $30.78M | Series C | – | – | – |
9 investors in total: 9 institutional.
Investors in Summit Hotel Properties
Summit Hotel Properties has secured backing from 9 investors, including institutional investors. Prominent investors backing the company include KeyBank, PNC and Raymond James.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| bbt.com | ||||
Provider of loans, credit cards, and savings services | 1988 | capitalone.com | Mclean, United States | |
Commercial banking and financing services are provided by PNC. | 1845 | pnc.com | Pittsburgh, United States | |
Mortgages, savings, credit, and debit cards are provided. | 1971 | regions.com | Birmingham, United States | |
Commercial bank | 1968 | usbank.com | United States | |
Commercial banking services are provided to businesses and individuals. | 1864 | rbcroyalbank.com | Halifax, Canada | |
M&A advisory, capital markets, and wealth management services are offered. | 1962 | raymondjames.com | St. Petersburg, United States | |
Regional bank | 1849 | key.com | Cleveland, United States | |
Offers mortgages, securities lending, corporate banking, and deposit accounts for clients. | 1962 | raymondjamesbank.com | St. Petersburg, United States |
Investor details for Summit Hotel Properties
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People of Summit Hotel Properties
43 people are tracked at Summit Hotel Properties (28 in leadership, 1 in board & advisors, 14 in team); the tracked headcount is 85.
| Name | Role | Group |
|---|---|---|
Jonathan Stanner | CEO & President | Leadership |
Emily Lustig | Vice President, Investments | Leadership |
Colby McDaniel | Director, Revenue Strategy | Leadership |
Jonathan P. Stanner | President & CEO | Leadership |
Christopher R. Eng | EVP, General Counsel, Chief Risk Officer & Secretary | Leadership |
Paul Ruiz | SVP & Chief Accounting Officer | Leadership |
William H. Conkling | EVP & CFO | Leadership |
Daphne Tan, CPA | Senior Director of Accounting | Leadership |
Kevin Milota | Senior Vice President, Corporate Finance | Leadership |
Jeremy Mistretta | Vice President, Revenue Strategy | Leadership |
Liz Weden | Director, Capital Planning & Controls | Leadership |
Tom S. | Director | Leadership |
Mark Patterson | Head Of Tax | Leadership |
Trey Conkling | EVP, Chief Financial Officer | Leadership |
Craig Aniszewski | Executive Vice President and Chief Operating Officer | Leadership |
Rachel Joyce | Vice President of Asset Management | Leadership |
Eleanor Watkins | Senior Director, Revenue Strategy | Leadership |
Marissa Delgado | Director Of Accounting | Leadership |
Mark DeCario | Director Of Purchasing | Leadership |
Dan Williams | Vice President of Asset Management | Leadership |
23 more people are available in the full profile.
Complete people profiles for Summit Hotel Properties
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IPO & Listings of Summit Hotel Properties
Summit Hotel Properties is a publicly listed company on the NYSE with ticker symbol INN in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date09 Feb 2011
- Listed onNYSE: INN
- Listed entitySummit Hotel Properties, Inc.
- Exchange sectorFinance
- ISINUS8660821005
- Share price$6.35 (+2.58% on the day) · 2026-10-13
- Market capitalisation$766.8M
- EPS (diluted, trailing year)$-0.23
- Dividend yield5.17%
- Volume (last session)1,169,411
Financials of Summit Hotel Properties
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | $729.5M | -$5.0M | $210.6M |
| 2024 | $731.8M | $43.3M | $227.7M |
| 2023 | $736.1M | -$9.5M | $226.7M |
| 2022 | $675.7M | $1.5M | $208.1M |
| 2021 | $361.9M | -$65.6M | $76.8M |
Detailed financial statements for Summit Hotel Properties
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Timeline of Summit Hotel Properties
4 dated milestones of Summit Hotel Properties across 14 years, from founding to its latest funding, stage changes and deals.
- Founded Summit Hotel Properties is founded.
- Funding First funding round of $30.8M.
- IPO Lists on the stock exchange (IPO).
- Funding Latest funding round, Debt – Conventional, of $600.0M.
Competitors of Summit Hotel Properties
Summit Hotel Properties has 3 listed competitors in our database. They include RLJ Lodging Trust, Ashford Trust and DiamondRock Hospitality.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| rljlodgingtrust.com | 2011 | Bethesda, United States | 79 | Equity REIT that invests in Hotel properties | ||
| ahtreit.com | 2003 | Dallas, United States | 102 | Investments are made across all hospitality industry segments. | ||
| drhc.com | 2004 | Bethesda, United States | 30 | Hotel properties are owned and operated as an equity REIT. |
Detailed competitors of Summit Hotel Properties
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Web traffic of Summit Hotel Properties
The website of Summit Hotel Properties (shpreit.com) receives about 3.9K visits a month.
- Monthly visits3.9K
▲ 3% vs previous month
Websites whose visitors overlap most with Summit Hotel Properties. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
cpyarch.com | cpyarch.com | 100% | – | ||
hotelierinternational.com | hotelierinternational.com | 99% | #4,792,945 | – | |
| aikensgroup.com | 99% | 680.7K | #3,328,969 | View details | |
grummanbutkus.com | grummanbutkus.com | 96% | #4,700,564 | – | |
nhcsllc.net | nhcsllc.net | 95% | #6,489,645 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 11 similar websites and full traffic analytics for Summit Hotel Properties
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- 11 similar websites
- Audience overlap
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Top companies in REITs
3 companies that operate in the same segment as Summit Hotel Properties (REITs) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Wireless communications infrastructure and data center solutions are provided. | 1994 | Boston, Massachusetts, United States | USD 10.64 B | 4,690 | ||
REIT that invests in campuses, multi-tenant spaces and build-to-suit facilities in the US | 1994 | Pasadena, California, United States | USD 3.03 B | 552 | ||
Telecom and network infrastructure investments are managed as a REIT. | 2015 | Little Rock, Arkansas, United States | USD 2.23 B | 758 |
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Related news about Summit Hotel Properties
Complete news archive for Summit Hotel Properties
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Frequently Asked Questions about Summit Hotel Properties
Summit Hotel Properties was founded in 2004 and raised its 1st funding round 5 years after it was founded.
Summit Hotel Properties is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Jonathan Stanner is the CEO of Summit Hotel Properties, as recorded in our data.
Summit Hotel Properties is a funded company, having raised a total of $30.78M across 5 funding rounds to date. The company's 1st funding round was a Series C of $30.78M, raised on Oct 2009.
Summit Hotel Properties has 85 employees.
Annual revenue of Summit Hotel Properties is $729.47M as on Dec 31, 2025.
Summit Hotel Properties was founded in 2004 and is headquartered in Austin, United States. Operations are centered on the real estate investment trust sector, with a focus on acquiring and managing upscale hotel assets across various U.S. markets. Equity investments are directed toward properties that generate income through lodging services. Leadership is provided by CEO and President Jonathan Stanner, overseeing portfolio growth and asset performance.
Summit Hotel Properties's top competitors include RLJ Lodging Trust, Ashford Trust and DiamondRock Hospitality.
Summit Hotel Properties offers Hotel Portfolio Management and Investment Opportunities.
Yes, Summit Hotel Properties is publicly traded on NYSE under the ticker symbol INN.
Summit Hotel Properties has 9 investors. Key investors include KeyBank, PNC, Raymond James, Capital One, and US Bank.
Summit Hotel Properties operates through Summit Hotel Properties, Inc..