| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|---|---|---|---|---|---|---|---|
Revenues: | ||||||||
Revenues | ||||||||
549,348 | 567,270 | 515,377 | 473,935 | 463,455 | 403,466 | 298,958 | 161,700 | 106,388 |
Expenses: | ||||||||
Property taxes, insurance and other | ||||||||
44,220 | 43,339 | 37,419 | 30,250 | - | - | - | - | - |
Other indirect | ||||||||
- | - | - | - | 121,974 | 104,959 | 78,136 | 44,028 | 27,816 |
Other | ||||||||
- | - | - | - | - | - | - | - | 478 |
Total hotel operating expenses | ||||||||
- | - | - | - | 295,828 | 261,497 | 198,342 | 110,442 | 73,988 |
Depreciation and amortization | ||||||||
99,445 | 101,013 | 85,927 | 72,406 | 64,052 | 63,763 | 49,330 | 30,645 | 21,646 |
Corporate general and administrative | ||||||||
23,622 | 21,509 | 19,597 | 19,292 | 21,204 | 19,884 | 12,929 | 9,573 | - |
Salaries and other compensation | ||||||||
- | - | - | - | - | - | - | - | 3,121 |
Other | ||||||||
- | - | - | - | - | - | - | - | 3,440 |
Hotel property acquisition costs | ||||||||
0 | 0 | 354 | 3,492 | 1,246 | 769 | 1,886 | 3,050 | 254 |
Loss on impairment of assets | ||||||||
2,521 | 1,075 | 0 | 577 | 1,115 | 8,847 | 1,369 | 660 | - |
Total expenses | ||||||||
475,360 | 483,545 | 431,482 | 391,448 | 383,445 | 354,760 | 263,856 | 154,370 | 102,449 |
(Loss) gain on disposal of assets, net | ||||||||
45,418 | 41,474 | 43,209 | 49,855 | 65,067 | 391 | 363 | - | -36 |
Operating (loss) income | ||||||||
119,406 | 125,199 | 127,104 | 132,342 | 80,010 | 48,706 | 35,102 | 7,330 | 3,939 |
Other income (expense): | ||||||||
Interest expense | ||||||||
41,030 | 41,944 | 29,687 | 28,091 | 30,414 | 28,517 | 21,991 | 14,909 | 9,993 |
Other income, net | ||||||||
5,472 | 6,949 | 3,778 | 2,560 | 11,146 | 595 | -1,955 | -96 | - |
Interest income | ||||||||
- | - | - | - | - | - | - | - | -1 |
Total other income (expense) | ||||||||
-35,558 | -34,995 | -25,909 | -25,531 | 45,799 | -27,531 | -23,583 | -15,005 | -10,030 |
(Loss) income from continuing operations before income taxes | ||||||||
83,848 | 90,204 | 101,195 | 106,811 | 125,809 | 21,175 | 11,519 | -7,675 | -6,091 |
Income Tax Expense (Benefit) | ||||||||
1,500 | -922 | 1,674 | -1,450 | 553 | 744 | 4,894 | -728 | -2,259 |
Income from continuing operations | ||||||||
- | - | - | - | - | 20,431 | 6,625 | -6,947 | -3,832 |
Income from discontinued operations, net of taxes | ||||||||
- | - | - | - | - | 492 | -728 | 4,677 | -345 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||||
82,348 | 91,126 | 99,521 | 108,261 | 125,256 | 20,923 | 5,897 | -2,270 | -4,177 |
Noncontrolling Interest in Net Income (Loss) Operating Partnerships, Redeemable | ||||||||
157 | 205 | 307 | 456 | 819 | 51 | -297 | -1,194 | -1,240 |
Joint venture | ||||||||
-419 | 0 | 0 | - | - | 1 | 316 | - | - |
Net (loss) income attributable to Summit Hotel Properties, Inc. | ||||||||
82,610 | 90,921 | 99,214 | 107,805 | 124,437 | 20,871 | 5,878 | -1,076 | -2,937 |
Preferred Stock Dividends, Income Statement Impact | ||||||||
14,838 | 16,671 | 17,408 | 18,232 | 16,588 | 16,588 | 14,590 | 4,625 | 411 |
Premium on redemption of preferred stock | ||||||||
0 | 3,277 | 2,572 | 2,125 | 0 | 0 | - | - | - |
Net (loss) income attributable to common stockholders | ||||||||
67,772 | 70,973 | 79,234 | 87,448 | 107,849 | 4,283 | -8,712 | -5,701 | -3,348 |
Net income per share from continuing operations (in dollars per share) | ||||||||
- | - | - | - | - | 0.04 | -0.11 | - | - |
Net income per share from discontinued operations (in dollars per share) | ||||||||
- | - | - | - | - | 0.01 | -0.01 | - | - |
Earnings Per Share [Abstract] | ||||||||
Basic and diluted net income (loss) per share from continuing operations (in dollars per share) | ||||||||
- | - | - | - | - | - | - | -0.28 | -0.11 |
Basic and diluted net income per share from discontinued operations (in dollars per share) | ||||||||
- | - | - | - | - | - | - | 0.11 | -0.01 |
Basic and diluted (in dollars per share) | ||||||||
0.65 | 0.68 | 0.79 | 1.00 | - | - | - | -0.17 | -0.12 |
Basic (in dollars per share) | ||||||||
- | - | - | - | 1.25 | 0.05 | -0.12 | - | - |
Net income from continuing operations (in dollars per share) | ||||||||
- | - | - | - | - | 0.04 | -0.11 | - | - |
Net income from discontinued operations (in dollars per share) | ||||||||
- | - | - | - | - | 0.01 | -0.01 | - | - |
Diluted (in dollars per share) | ||||||||
- | - | - | - | 1.24 | 0.05 | -0.12 | - | - |
Weighted Average Number of Shares Outstanding, Diluted [Abstract] | ||||||||
Weighted Average Number of Shares Outstanding, Basic | ||||||||
103,887 | 103,623 | 99,406 | 86,874 | 85,920 | 85,242 | 70,327 | 33,717 | 27,278 |
Weighted Average Number of Shares Outstanding, Diluted | ||||||||
103,939 | 103,842 | 99,780 | 87,343 | 87,144 | 85,566 | 70,327 | 33,717 | 27,278 |
Dividends per share (in dollars per share) | ||||||||
0.72 | 0.72 | 0.67 | 0.55 | 0.47 | 0.46 | 0.45 | 0.45 | 0.28 |
Room | ||||||||
Revenues | ||||||||
505,342 | 523,439 | 479,934 | 443,270 | 436,202 | 380,472 | 283,279 | 154,600 | 102,108 |
Cost of goods and services sold | ||||||||
112,244 | 119,724 | 108,715 | 97,358 | 109,844 | 101,150 | 80,391 | 45,130 | 30,216 |
Food and beverage | ||||||||
Revenues | ||||||||
23,785 | 24,225 | 21,359 | 19,777 | - | - | - | - | - |
Cost of goods and services sold | ||||||||
18,552 | 19,191 | 16,734 | 14,841 | - | - | - | - | - |
Other | ||||||||
Revenues | ||||||||
20,221 | 19,606 | 14,084 | 10,888 | 27,253 | 22,994 | 15,679 | 7,100 | 4,280 |
Cost of goods and services sold | ||||||||
158,181 | 159,173 | 144,526 | 134,420 | 64,010 | 55,388 | 39,815 | 21,284 | 15,478 |
Management fees | ||||||||
Cost of goods and services sold | ||||||||
16,575 | 18,521 | 18,210 | 18,812 | - | - | - | - | - |