Summit Hotel Properties posted Q2 net income attributable to common stockholders of $3.9 million, or $0.04 per diluted share, swinging from a loss.
Operating income climbed 27.3% to $28.9 million; revenue rose to $199 million.
Adjusted EBITDAre increased 7.7% to $54.8 million; pro forma hotel EBITDA margin widened 0.88 percentage point to 36.4%.
Pro forma RevPAR rose 5% to $136.06 as ADR increased 7.1% to $178.42.
The company refinanced a $650 million senior credit facility with a fully extended maturity of June 2031 and declared a quarterly common dividend of $0.08.
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