Summit Hotel Properties Inc. recently presented its investor report highlighting key financial and operational metrics for the first quarter of 2025. The company reported a same-store occupancy rate of 72.5% with a 0.8% increase, and an Average Daily Rate $(ADR.AU)$ of $174, reflecting a 0.7% rise. Revenue Per Available Room (RevPAR) experienced a 1.5% growth, reaching $126. Urban RevPAR increased by 3%, with significant growth of 7% in January and February, while group RevPAR saw a 10% rise, driven by a 17% increase in urban markets. Operating expenses increased by 1.5%, and the hotel EBITDA margin contracted by 15 basis points over the last five quarters. The company also announced a $275 million delayed draw term loan to refinance convertible notes maturing in 2026 and a $58 million loan refinancing for the AC/Element Brickell property. Liquidity stands at over $310 million, with a weighted average interest rate of approximately 4.7%. The presentation also mentioned a share repurchase program and a quarterly cash dividend. You can access the full presentation through the link below.