SUMMIT HOTEL PROPERTIES, INC., DEF 14A filed on 4/2/2025
Proxy Statement (definitive)
v3.25.1
Cover
 12 Months Ended
Dec. 31, 2024
Document Information [Line Items]  
Document Type DEF 14A
Entity Registrant Name Summit Hotel Properties, Inc.
Amendment Flag false
Entity Central Index Key 0001497645
v3.25.1
Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure          
Company Selected Measure Name Company Selected Measure (Same Store Hotel EBITDA) (in thousands)(4)        
Non-PEO NEO Average Total Compensation Amount $ 1,591,272 $ 1,641,500 $ 1,218,111 $ 2,011,423 $ 939,671
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,776,374 $ 1,064,556 497,242 1,309,123 842,826
Adjustment to Non-PEO NEO Compensation Footnote
20202021202220232024
AdjustmentsPEO Daniel Hansen)Average Non-PEO NEOsPEO (Jonathan Stanner)Average Non-PEO NEOsPEO (Jonathan Stanner)Average Non-PEO NEOsPEO (Jonathan Stanner)Average Non-PEO NEOsPEO (Jonathan Stanner)Average Non-PEO NEOs
Deduction for Amounts Reported under the “Stock Awards” and “Option Awards” Columns in the Summary Compensation Table for Applicable FY
$(2,708,677)$(590,099)$(3,068,585)$(1,117,442)$(3,458,856)$(768,635)$(3,905,300)$(859,933)$(3,601,400)$(793,067)
Increase based on ASC 718 Fair Value of Awards Granted during Applicable FY that Remain Unvested as of Applicable FY End, determined as of Applicable FY End
2,202,113 599,678 1,796,033 547,786 1,243,530 276,340 2,325,504 512,080 5,189,699 1,005,644 
Increase/deduction for Awards Granted during Prior FY that were Outstanding and Unvested as of Applicable FY End, determined based on change in ASC 718 Fair Value from Prior FY End to Applicable FY End
(659,498)(90,187)— (95,227)(972,163)(269,544)(1,835,941)(278,176)(283,764)(28,780)
Increase/deduction for Awards Granted during Prior FY that Vested During Applicable FY, determined based on change in ASC 718 Fair Value from Prior FY End to Vesting Date
(64,948)(16,237)— (37,417)— 40,969 39,283 29,428 (61,218)(24,515)
Increase based on Dividends or Other Earnings Paid during Applicable FY prior to Vesting Date
— — — — — — 70,247 19,657 113,068 25,820 
TOTAL ADJUSTMENTS
$(1,231,010)$(96,845)$(1,272,552)$(702,300)$(3,187,489)$(720,869)$(3,306,207)$(576,944)$1,356,385 $185,102 
        
Compensation Actually Paid vs. Total Shareholder Return  
4847
      
Compensation Actually Paid vs. Net Income  
4956
      
Compensation Actually Paid vs. Company Selected Measure  
5066
      
Total Shareholder Return Amount $ 61.73 $ 57.75 59.98 80.32 74.15
Peer Group Total Shareholder Return Amount 79.75 81.91 71.42 84.40 73.69
Net Income (Loss) $ 38,891,000 $ (28,116,000) $ 1,217,000 $ (68,584,000) $ (149,245,000)
Company Selected Measure Amount 252,456,000 246,743,000 179,563,000 106,027,000 27,792,000
Measure:: 1          
Pay vs Performance Disclosure          
Name Same Store Hotel EBITDA        
Measure:: 2          
Pay vs Performance Disclosure          
Name Balance Sheet Enhancements        
Measure:: 3          
Pay vs Performance Disclosure          
Name Transaction Activity        
Measure:: 4          
Pay vs Performance Disclosure          
Name Capital Expenditure Metrics        
Measure:: 5          
Pay vs Performance Disclosure          
Name Relative and Absolute TSR        
Jonathan Stanner [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount $ 5,393,317 $ 5,652,211 $ 5,425,056 $ 4,932,109  
PEO Actually Paid Compensation Amount $ 6,749,702 2,346,004 2,237,567 3,659,557  
PEO Name Jonathan Stanner        
Daniel Hansen [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount       3,577,809 $ 4,190,398
PEO Actually Paid Compensation Amount       2,957,229 2,959,388
PEO | Jonathan Stanner [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     0    
PEO | Jonathan Stanner [Member] | Deduction for Amounts Reported under the “Stock Awards” and “Option Awards” Columns in the Summary Compensation Table for Applicable Fiscal Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (3,601,400) (3,905,300) (3,458,856) (3,068,585)  
PEO | Jonathan Stanner [Member] | Increase Based On Asc718 Fair Value Of Awards Granted During Applicable Fy That Remain Unvested As Of Applicable Fy End Determined As Of Applicable Fy End [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 5,189,699 2,325,504 1,243,530 1,796,033  
PEO | Jonathan Stanner [Member] | Inc Ded For Awards Granted During Prior Fy That Were Outstanding And Unvested As Of Applicable Fy End Detrmd Based On Change In Asc718 Fair Value From Prior Fy End To Applicable Fy End Member [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (283,764) (1,835,941) (972,163)    
PEO | Jonathan Stanner [Member] | Increase Deduction For Awards Granted During Prior F Y That Vested During Applicable F Y Determined Based On Change In A S C718 Fair Value From Prior F Y End To Vesting Date Member [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (61,218) 39,283      
PEO | Jonathan Stanner [Member] | Increase based on Dividends or Other Earnings Paid during Applicable FY prior to Vesting Date [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 113,068 70,247      
PEO | Daniel Hansen [Member] | Deduction for Amounts Reported under the “Stock Awards” and “Option Awards” Columns in the Summary Compensation Table for Applicable Fiscal Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount         (2,708,677)
PEO | Daniel Hansen [Member] | Increase Based On Asc718 Fair Value Of Awards Granted During Applicable Fy That Remain Unvested As Of Applicable Fy End Determined As Of Applicable Fy End [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount         2,202,113
PEO | Daniel Hansen [Member] | Inc Ded For Awards Granted During Prior Fy That Were Outstanding And Unvested As Of Applicable Fy End Detrmd Based On Change In Asc718 Fair Value From Prior Fy End To Applicable Fy End Member [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount         (659,498)
PEO | Daniel Hansen [Member] | Increase Deduction For Awards Granted During Prior F Y That Vested During Applicable F Y Determined Based On Change In A S C718 Fair Value From Prior F Y End To Vesting Date Member [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount         (64,948)
Non-PEO NEO          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 185,102 (576,944) (720,869) (702,300) (96,845)
Non-PEO NEO | Deduction for Amounts Reported under the “Stock Awards” and “Option Awards” Columns in the Summary Compensation Table for Applicable Fiscal Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (793,067) (859,933) (768,635) (1,117,442) (590,099)
Non-PEO NEO | Increase Based On Asc718 Fair Value Of Awards Granted During Applicable Fy That Remain Unvested As Of Applicable Fy End Determined As Of Applicable Fy End [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,005,644 512,080 276,340 547,786 599,678
Non-PEO NEO | Inc Ded For Awards Granted During Prior Fy That Were Outstanding And Unvested As Of Applicable Fy End Detrmd Based On Change In Asc718 Fair Value From Prior Fy End To Applicable Fy End Member [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (28,780) (278,176) (269,544) (95,227) (90,187)
Non-PEO NEO | Increase Deduction For Awards Granted During Prior F Y That Vested During Applicable F Y Determined Based On Change In A S C718 Fair Value From Prior F Y End To Vesting Date Member [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (24,515) 29,428 40,969 (37,417) (16,237)
Non-PEO NEO | Increase based on Dividends or Other Earnings Paid during Applicable FY prior to Vesting Date [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 25,820 19,657      
Daniel Hansen [Member] | Daniel Hansen [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount         $ (1,231,010)
Jonathan Stanner [Member] | Jonathan Stanner [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 1,356,385 $ (3,306,207) $ (3,187,489) $ (1,272,552)