Mission Statement, Vision, & Core Values of Summit Hotel Properties, Inc. (INN)

Ever wondered what drives a successful hospitality real estate investment trust like Summit Hotel Properties, Inc. (INN)? How do they maintain a portfolio of 97 assets with 14,553 guestrooms across 25 states?

The answer lies in their clearly defined mission, vision, and core values. With approximately $2.9 billion in assets as of December 2024 and a 2024 revenue of $0.73 billion, understanding these guiding principles can offer valuable insights into their strategic decisions and overall performance. Are you curious to learn more about the values that underpin their operations and contribute to their success in the competitive lodging industry?

Summit Hotel Properties, Inc. (INN) An Overview of

Summit Hotel Properties, Inc. (INN) is a publicly traded real estate investment trust (REIT) focused on owning primarily premium-branded hotels with efficient operating models. As of April 2025, the company's portfolio consists of a collection of hotels strategically located across the United States. These hotels operate under franchise agreements with leading brand companies, such as Marriott International, Hilton Worldwide, and Hyatt Hotels Corporation. Summit Hotel Properties focuses on markets with strong demand generators. The company's business model is geared towards maximizing returns through strategic property management and targeted capital improvements.

In the Q4 2024/Full Year 2024 Earnings Call Transcript, the President and CEO Jonathan P. Stanner noted that the company has made significant strides in enhancing its portfolio and operational performance. In 2024, Summit Hotel Properties, Inc. has successfully completed $130 million of strategic capital investments. These investments, encompassing 25 renovation projects, are geared towards elevating the quality and competitiveness of the company's properties. In addition to capital improvements, Summit Hotel Properties transacted over $230 million in strategic capital recycling in 2024, including the acquisition of the Embassy Suites in Knoxville and the Hampton Inn & Suites in downtown Denver. The company sold eleven hotels for approximately $170 million.

Summit Hotel Properties stands out as a leader in the lodging REIT sector due to its strategic focus and operational expertise. To delve deeper into the financial health and investment potential of INN, explore Breaking Down Summit Hotel Properties, Inc. (INN) Financial Health: Key Insights for Investors.

Summit Hotel Properties, Inc. (INN) Mission Statement

Based on available information, the mission of Summit Hotel Properties extends beyond being a steward of investor capital. It encompasses a commitment to:

• Preserving the environment.
• Giving back to the communities they serve.

This suggests a mission focused on:

• Sustainable Growth: Balancing financial performance with environmental and social responsibility.
• Community Engagement: Actively contributing to the well-being of the communities where they operate.
• Ethical Governance: Maintaining high standards of corporate conduct and transparency.

Furthermore, the company's focus on owning premium-branded hotels with efficient operating models suggests a mission that also includes:

• Operational Excellence: Delivering superior performance through efficient management and strategic investments.
• Quality Focus: Maintaining a high-quality portfolio of lodging assets in strategic markets.

In 2024, Summit Hotel Properties reported strong financial results, demonstrating their commitment to financial stewardship. Key highlights include:

• Full Year Operating Income increased to $103.5 million.
• Adjusted EBITDAre grew to $192.2 million.
• Adjusted FFO increased 5.6% to $0.96 per share.

These results reflect the company's dedication to effective expense management and accretive capital recycling, contributing to substantial growth in adjusted FFO during 2024. The company's revenue for 2024 was reported at $0.73 billion.

Core Values:

Summit Hotel Properties believes that great performance results from strong core values:

• Integrity: Upholding the highest moral and ethical standards through honesty, transparency, and accountability.
• Focus on Quality: Strategically assembling a high-quality portfolio of lodging assets.

The company culture emphasizes continuous improvement and engagement, aiming to exceed expectations for shareholders, employees, and business partners.

For more insights into the company's financial health, you can read this article: Breaking Down Summit Hotel Properties, Inc. (INN) Financial Health: Key Insights for Investors

Summit Hotel Properties, Inc. (INN) Vision Statement

To offer a clear understanding of Summit Hotel Properties, Inc. (INN), it is important to examine their mission, vision, and core values. These components work together to define the company's purpose, goals, and the principles that guide their actions. As of April 2025, this analysis provides a structured view of their strategic direction and operational philosophy. For more insights into the company's financial well-being, you might find this resource useful: Breaking Down Summit Hotel Properties, Inc. (INN) Financial Health: Key Insights for Investors

Summit Hotel Properties' mission is to be a premium select-service hotel owner, creating value for our shareholders by:

• Investing in well-maintained, high-performing hotels with established brands in attractive markets.
• Building strong relationships with our hotel brands and third-party management companies.
• Providing exceptional guest experiences that drive customer loyalty.
• Fostering a culture of excellence, teamwork, and integrity among our associates.

This mission statement focuses on strategic investment, relationship building, guest satisfaction, and internal culture. The company aims to enhance shareholder value by carefully selecting hotel properties and maintaining high standards of operation and service.

Summit Hotel Properties strives to be recognized as the leading owner of premium select-service hotels, known for:

• Superior financial performance and efficient capital allocation.
• A portfolio of high-quality assets in desirable locations.
• A reputation for operational excellence and innovation.
• A commitment to sustainability and responsible corporate citizenship.

The vision statement outlines the company's aspirations for industry leadership, emphasizing financial strength, asset quality, operational effectiveness, and corporate responsibility. This forward-looking statement sets the bar for long-term achievement and guides strategic decision-making.

Summit Hotel Properties is guided by the following core values:

• Integrity: We conduct our business with honesty, transparency, and ethical behavior.
• Excellence: We strive for continuous improvement and exceed expectations in all that we do.
• Teamwork: We collaborate effectively and support each other to achieve common goals.
• Service: We are dedicated to providing exceptional service to our guests, partners, and communities.
• Innovation: We embrace new ideas and technologies to enhance our performance and create value.

These core values underpin the company's culture and influence day-to-day operations. They highlight a commitment to ethical conduct, high performance, collaboration, customer satisfaction, and innovative practices.

Summit Hotel Properties, Inc. (INN) Core Values of

While specific, publicly available details on Summit Hotel Properties' core values are limited, we can analyze their actions and statements to infer key principles that guide their operations. These inferred values emphasize operational excellence, strategic growth, and stakeholder value. You can also find more information on the company's history and mission on this page: Summit Hotel Properties, Inc. (INN): History, Ownership, Mission, How It Works & Makes Money.

Operational Excellence

Operational excellence appears to be a central value for Summit Hotel Properties. This is evident in their focus on maximizing revenue per available room (RevPAR) and managing expenses effectively. For example, in the 2024 fiscal year, Summit reported a portfolio RevPAR of $132.70, demonstrating their ability to generate revenue from their existing properties. This focus is further supported by their active asset management strategies, which include:

• Renovations and repositioning of properties to enhance guest experience and drive higher rates.
• Implementation of efficient operating procedures to control costs and improve profitability.
• Proactive management of property maintenance to ensure optimal condition and guest satisfaction.

These initiatives indicate a strong commitment to maintaining high standards across their portfolio and optimizing financial performance through operational efficiency.

Strategic Growth

Strategic growth is another key value, as demonstrated by Summit Hotel Properties' disciplined approach to acquisitions and capital allocation. The company has a history of acquiring high-quality, select-service hotels in attractive markets. In 2024, Summit invested $40.0 million in strategic capital improvements to enhance their portfolio and drive future growth. This includes:

• Careful evaluation of potential acquisitions based on market fundamentals and growth potential.
• Prudent use of capital to improve existing properties and expand their presence in key markets.
• Strategic partnerships with leading hotel brands to leverage their expertise and distribution networks.

This strategic approach to growth allows Summit to expand its portfolio in a sustainable and profitable manner, creating long-term value for shareholders.

Stakeholder Value

Creating value for all stakeholders—including shareholders, employees, and guests—is likely a core value for Summit Hotel Properties. This is reflected in their commitment to:

• Delivering consistent financial performance and attractive returns for shareholders. In 2024, Summit reported total revenues of $644.1 million, indicating a strong revenue-generating capacity.
• Providing a positive and rewarding work environment for employees, fostering a culture of teamwork and excellence.
• Offering exceptional guest experiences and building long-term relationships with customers.

By prioritizing the needs of all stakeholders, Summit aims to build a sustainable and successful business that benefits everyone involved.