AUSTIN, Texas, July 28, 2026 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) (the &#34;Company&#34;), announced today that its Board of Directors has authorized, and the Company has declared, a cash dividend

<p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">AUSTIN, Texas</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">July 28, 2026</span> /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/INN">INN</a>) (the &#34;Company&#34;), announced today that its Board of Directors has authorized, and the Company has declared, a cash dividend for the second quarter ended June 30, 2026, of $0.08 per share of common stock of the Company and per common unit of limited partnership interest in Summit Hotel OP, LP, the Company&#39;s operating partnership. The Company&#39;s second quarter common dividend represents an annualized dividend yield of 4.6 percent based on the closing price of shares of the common stock on July 27, 2026.</p>
    <div xmlns="http://www.w3.org/1999/xhtml" class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder1">
                <p xmlns="http://www.w3.org/1999/xhtml">
                    <img xmlns="http://www.w3.org/1999/xhtml" src="https://mmx.prnewswire.com/media/MS367418/Summit-Hotel-Properties-Inc-Logo.jpg?id=OA2796842" title="Summit Hotel Properties, Inc. Logo. (PRNewsFoto/Summit Hotel Properties, Inc.)" alt="Summit Hotel Properties, Inc. Logo. (PRNewsFoto/Summit Hotel Properties, Inc.)"></img>
                </p>
    </div>
<p xmlns="http://www.w3.org/1999/xhtml">The Board of Directors has also authorized, and the Company has declared, a cash dividend of $0.390625 per share of the Company&#39;s 6.25% Series E Cumulative Redeemable Preferred Stock for the dividend period ending on August 31, 2026, and a cash dividend of $0.3671875 per share of the Company&#39;s 5.875% Series F Cumulative Redeemable Preferred Stock for the dividend period ending on August 31, 2026.</p><p xmlns="http://www.w3.org/1999/xhtml">Additionally, the Board of Directors has authorized a cash distribution, and the Company has declared on behalf of the operating partnership, distributions of $0.328125 per unit pertaining to the operating partnership&#39;s unregistered 5.25% Series Z Cumulative Perpetual Preferred Units for the distribution period ending on August 31, 2026.</p><p xmlns="http://www.w3.org/1999/xhtml">The dividends are payable on August 31, 2026, to holders of record as of August 17, 2026.</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">About Summit Hotel Properties</b></p><p xmlns="http://www.w3.org/1999/xhtml">Summit Hotel Properties, Inc. is a publicly traded real estate investment trust focused on owning premium-branded lodging properties with efficient operating models primarily in the Upscale segment of the lodging industry. As of June 30, 2026, the Company&#39;s portfolio consisted of 94 assets, 52 of which are wholly owned, with a total of 14,226 guestrooms located in 24 states.</p><p xmlns="http://www.w3.org/1999/xhtml">For additional information, please visit the Company&#39;s website, <a xmlns="http://www.w3.org/1999/xhtml" href="https://edge.prnewswire.com/c/link/?t=0&amp;l=en&amp;o=4740126-1&amp;h=1469164745&amp;u=http%3A%2F%2Fwww.shpreit.com%2F&amp;a=www.shpreit.com" target="_blank" rel="nofollow">www.shpreit.com</a>, and follow the Company on X, formerly Twitter, at @SummitHotel_INN.</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Forward Looking Statements</b></p><p xmlns="http://www.w3.org/1999/xhtml">This press release contains statements that are &#34;forward-looking statements&#34; within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended, pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identifiable by use of forward-looking terminology such as &#34;may,&#34; &#34;will,&#34; &#34;should,&#34; &#34;potential,&#34; &#34;intend,&#34; &#34;expect,&#34; &#34;seek,&#34; &#34;anticipate,&#34; &#34;estimate,&#34; &#34;approximately,&#34; &#34;believe,&#34; &#34;could,&#34; &#34;project,&#34; &#34;predict,&#34; &#34;forecast,&#34; &#34;continue,&#34; &#34;plan,&#34; &#34;likely,&#34; &#34;would&#34; or other similar words or expressions. These forward-looking statements relate to the payment of dividends. Forward-looking statements are based on certain assumptions and can include future expectations, future plans and strategies, financial and operating projections or other forward-looking information. These forward-looking statements are subject to various risks and uncertainties, not all of which are known to the Company and many of which are beyond the Company&#39;s control, which could cause actual results to differ materially from such statements. These risks and uncertainties include, but are not limited to, the state of the U.S. economy, supply and demand in the hotel industry and other factors as are described in greater detail in the Company&#39;s filings with the Securities and Exchange Commission, including, without limitation, the Company&#39;s Annual Report on Form 10-K for the year ended December 31, 2025. Unless legally required, the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.</p>



<p xmlns="http://www.w3.org/1999/xhtml" id="PURL"><img xmlns="http://www.w3.org/1999/xhtml" title="Cision" width="12" height="12" alt="Cision" src="https://edge.prnewswire.com/c/img/favicon.png?sn=DA13414&amp;sd=2026-07-28"></img> View original content to download multimedia:<a xmlns="http://www.w3.org/1999/xhtml" id="PRNURL" rel="nofollow" href="https://www.prnewswire.com/news-releases/summit-hotel-properties-declares-second-quarter-2026-dividends-302836813.html" target="_blank">https://www.prnewswire.com/news-releases/summit-hotel-properties-declares-second-quarter-2026-dividends-302836813.html</a></p><p xmlns="http://www.w3.org/1999/xhtml">SOURCE Summit Hotel Properties, Inc.</p>

SUMMIT HOTEL PROPERTIES DECLARES SECOND QUARTER 2026 DIVIDENDS

Summit Hotel declares Q2 2026 dividends, delivering 4.6% yield for INN

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>AUSTIN, Texas, July 28, 2026 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:INN) (the &amp;#34;Company&amp;#34;), announced today that its Board of Directors has authorized, and the Company has declared, a cash dividend</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Summit Hotel Properties declared a Q2 2026 cash dividend of $0.08 per common share and per OP unit, implying a 4.6% annual yield at July 27 close. The board also set quarterly distributions for Series E, F, and Z securities, payable August 31, 2026 with August 17 record date, highlighting stable income potential.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Summit declares Q2 2026 cash dividend of $0.08 per share.</li><li>Series E and F preferred dividends declared for Aug 31, 2026.</li><li>OP distributions: Series Z preferred units $0.328125 per unit.</li><li>Dividend yield implied at 4.6% annualized based on July 27 close.</li><li>Payable date Aug 31, 2026; record date Aug 17, 2026.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Summit Hotel Properties, Inc. (INN)</strong>: Dividend announcement and yield details reinforce INN&#039;s income profile.</li><li><strong>Summit Hotel Properties, Operating Partnership (N/A)</strong>: Distributions relate to OP units; aligns cash flow with equity holders via common units in INN&#039;s structure.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. This is a routine REIT dividend announcement that reinforces INN&#039;s income-focused model and may support valuation as a steady cash-flow generator.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Q2 dividend of $0.08 per common share supports income profile.</li><li>4.6% annualized yield may attract yield-seeking buyers.</li><li>Preferred dividends bolster total payout; record date Aug 17; payable Aug 31.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Common dividend: $0.08 per share for Q2 2026.</li><li>Series E preferred: $0.390625 per share; Series F preferred: $0.3671875.</li><li>Series Z OP units: $0.328125 per unit.</li><li>Payable date: August 31, 2026; record date: August 17, 2026.</li><li>As of June 30, 2026: 94 assets, 52 wholly owned, 14,226 guestrooms in 24 states.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Neutral to slightly bullish near term for INN on steady dividend cadence and income-focused investor demand.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">AUSTIN, Texas</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">July 28, 2026</span> /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/INN">INN</a>) (the &#34;Company&#34;), announced today that its Board of Directors has authorized, and the Company has declared, a cash dividend for the second quarter ended June 30, 2026, of $0.08 per share of common stock of the Company and per common unit of limited partnership interest in Summit Hotel OP, LP, the Company&#39;s operating partnership. The Company&#39;s second quarter common dividend represents an annualized dividend yield of 4.6 percent based on the closing price of shares of the common stock on July 27, 2026.</p>
    <div xmlns="http://www.w3.org/1999/xhtml" class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder1">
                <p xmlns="http://www.w3.org/1999/xhtml">
                    <img xmlns="http://www.w3.org/1999/xhtml" src="https://mmx.prnewswire.com/media/MS367418/Summit-Hotel-Properties-Inc-Logo.jpg?id=OA2796842" title="Summit Hotel Properties, Inc. Logo. (PRNewsFoto/Summit Hotel Properties, Inc.)" alt="Summit Hotel Properties, Inc. Logo. (PRNewsFoto/Summit Hotel Properties, Inc.)"></img>
                </p>
    </div>
<p xmlns="http://www.w3.org/1999/xhtml">The Board of Directors has also authorized, and the Company has declared, a cash dividend of $0.390625 per share of the Company&#39;s 6.25% Series E Cumulative Redeemable Preferred Stock for the dividend period ending on August 31, 2026, and a cash dividend of $0.3671875 per share of the Company&#39;s 5.875% Series F Cumulative Redeemable Preferred Stock for the dividend period ending on August 31, 2026.</p><p xmlns="http://www.w3.org/1999/xhtml">Additionally, the Board of Directors has authorized a cash distribution, and the Company has declared on behalf of the operating partnership, distributions of $0.328125 per unit pertaining to the operating partnership&#39;s unregistered 5.25% Series Z Cumulative Perpetual Preferred Units for the distribution period ending on August 31, 2026.</p><p xmlns="http://www.w3.org/1999/xhtml">The dividends are payable on August 31, 2026, to holders of record as of August 17, 2026.</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">About Summit Hotel Properties</b></p><p xmlns="http://www.w3.org/1999/xhtml">Summit Hotel Properties, Inc. is a publicly traded real estate investment trust focused on owning premium-branded lodging properties with efficient operating models primarily in the Upscale segment of the lodging industry. As of June 30, 2026, the Company&#39;s portfolio consisted of 94 assets, 52 of which are wholly owned, with a total of 14,226 guestrooms located in 24 states.</p><p xmlns="http://www.w3.org/1999/xhtml">For additional information, please visit the Company&#39;s website, <a xmlns="http://www.w3.org/1999/xhtml" href="https://edge.prnewswire.com/c/link/?t=0&amp;l=en&amp;o=4740126-1&amp;h=1469164745&amp;u=http%3A%2F%2Fwww.shpreit.com%2F&amp;a=www.shpreit.com" target="_blank" rel="nofollow">www.shpreit.com</a>, and follow the Company on X, formerly Twitter, at @SummitHotel_INN.</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Forward Looking Statements</b></p><p xmlns="http://www.w3.org/1999/xhtml">This press release contains statements that are &#34;forward-looking statements&#34; within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended, pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identifiable by use of forward-looking terminology such as &#34;may,&#34; &#34;will,&#34; &#34;should,&#34; &#34;potential,&#34; &#34;intend,&#34; &#34;expect,&#34; &#34;seek,&#34; &#34;anticipate,&#34; &#34;estimate,&#34; &#34;approximately,&#34; &#34;believe,&#34; &#34;could,&#34; &#34;project,&#34; &#34;predict,&#34; &#34;forecast,&#34; &#34;continue,&#34; &#34;plan,&#34; &#34;likely,&#34; &#34;would&#34; or other similar words or expressions. These forward-looking statements relate to the payment of dividends. Forward-looking statements are based on certain assumptions and can include future expectations, future plans and strategies, financial and operating projections or other forward-looking information. These forward-looking statements are subject to various risks and uncertainties, not all of which are known to the Company and many of which are beyond the Company&#39;s control, which could cause actual results to differ materially from such statements. These risks and uncertainties include, but are not limited to, the state of the U.S. economy, supply and demand in the hotel industry and other factors as are described in greater detail in the Company&#39;s filings with the Securities and Exchange Commission, including, without limitation, the Company&#39;s Annual Report on Form 10-K for the year ended December 31, 2025. Unless legally required, the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.</p>



<p xmlns="http://www.w3.org/1999/xhtml" id="PURL"><img xmlns="http://www.w3.org/1999/xhtml" title="Cision" width="12" height="12" alt="Cision" src="https://edge.prnewswire.com/c/img/favicon.png?sn=DA13414&amp;sd=2026-07-28"></img> View original content to download multimedia:<a xmlns="http://www.w3.org/1999/xhtml" id="PRNURL" rel="nofollow" href="https://www.prnewswire.com/news-releases/summit-hotel-properties-declares-second-quarter-2026-dividends-302836813.html" target="_blank">https://www.prnewswire.com/news-releases/summit-hotel-properties-declares-second-quarter-2026-dividends-302836813.html</a></p><p xmlns="http://www.w3.org/1999/xhtml">SOURCE Summit Hotel Properties, Inc.</p>

Summit Hotel Properties declared a Q2 2026 cash dividend of $0.08 per common share and per OP unit, implying a 4.6% annual yield at July 27 close. The board also set quarterly distributions for Series E, F, and Z securities, payable August 31, 2026 with August 17 record date, highlighting stable income potential.

News insight

SUMMIT HOTEL PROPERTIES DECLARES SECOND QUARTER 2026 DIVIDENDS

AI summary

Sentiment rationale

Key facts

Corporate Developments