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Summit Hotel Properties Reports Second Quarter Results

Stocks in this article: INN

This schedule includes operating data for same store properties owned at all times by the Company during the three-month and six-month periods ended June 30, 2012 and 2011, excluding three hotels held for sale (Twin Falls, ID AmericInn & Suites, Twin Falls, ID Hampton Inn, Twin Falls, ID Holiday Inn Express & Suites, and Missoula, MT AmericInn Hotel & Suites).

 
 
SUMMIT HOTEL PROPERTIES
Pro Forma Statistical Data for the Hotels

(Unaudited)

 
Pro Forma Operating Data
 
    2011     2012
Q3     Q4     FYE Q1     Q2
 
Room Revenue 44,088,931 36,906,089 162,256,261 41,832,422 47,459,645
Other Revenue 1,016,334   867,399   3,847,115   1,057,765   1,145,594  
Total Revenue 45,105,265 37,773,489 166,103,376 42,890,187 48,605,239
         
Hotel EBITDA 13,984,346   8,654,540   47,981,234   13,095,879   16,301,156  
 
Rooms Occupied 478,001 408,452 1,761,851 442,497 496,847
Rooms Available 684,726 684,603 2,713,133 677,858 676,797
 
Occupancy 69.8 % 59.7 % 64.9 % 65.3 % 73.4 %
ADR $92.24 $90.36 $92.09 $94.54 $95.52
RevPAR $64.39 $53.91 $59.80 $61.71 $70.12
 

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