Summit Hotel Properties Raises 2026 Outlook as Q3 RevPAR Grows
Summit Hotel Properties reported third-quarter 2026 results on November 3, 2026, with operating income rising 90.3% to $16.3 million as stronger hotel performance prompted the company to raise its full-year outlook. Pro forma revenue per available room, or RevPAR, increased 7.2% for the quarter ended September 30, 2026. Total revenue increased to $185.7 million from $177.1 million a year earlier, but Summit still posted a net loss attributable to common stockholders. That loss narrowed to $7.7…