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Summit Hotel Properties INN Impairment Charges

Impairment Charges at other companies

Xenia Hotels & Resorts logo
Xenia Hotels & ResortsXHR
$487K
Service Properties Trust logo
Service Properties TrustSVC
$189.1M+971%

Segments

By segment

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Reportable Segements$1.83M-72.7%

Other financials

Income statement

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Revenue$199.0M+3.2%
Operating income$28.9M+27.3%
Net income$9.7M+378%
EPS (diluted)$0.04+300%

Balance sheet

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Cash & equivalents$42.5M-11.9%
Total debt$1.4B-3.8%
Total equity$838.9M-6.3%
Total assets$2.7B-4.9%

Cash flow

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Operating cash flow$55.3M+13.3%
CapEx$11.7M-38.0%
Free cash flow$43.7M+45.6%

Valuation

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Market cap$699.97M+21.2%
Enterprise value$2.05B+3.5%
P/S+0.2×

Profitability

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Gross margin36.8%
Operating margin9%-0.1pp
Net margin-1.4%-1.4pp
FCF margin12.7%+2.0pp

Returns & leverage

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Return on equity-1.2%-1.2pp
Debt / equity1.7×0.0×

Where this comes from

Reported directly by Summit Hotel Properties in its filing.

Tagged under the XBRL concept us-gaap:AssetImpairmentCharges.

The source filing: Summit Hotel Properties’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:35 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001497645-26-000064
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Management fees4,3664,4118,5878,906
Depreciation and amortization36,41337,25973,18774,489
Corporate general and administrative7,4158,28016,26016,851
Loss on write-down of assets3,641
Total expenses170,268170,153341,150334,805
Gain (loss) on disposal of assets, net134(80)94(79)
Operating income28,88522,68443,01642,511
Other income (expense):

Item 1. Financial Statements

FAQ

What is Summit Hotel Properties's impairment charges?
Summit Hotel Properties (INN) reported impairment charges of $0 in Q2 2026.
What is the long-term trend for Summit Hotel Properties's impairment charges?
Over 2 years (2021 to 2024), Summit Hotel Properties's impairment charges has grown at a -12.4% compound annual growth rate (CAGR), from $8.76M to $6.72M.
What does impairment charges mean?
Write-downs of long-lived assets (excluding goodwill) when their carrying value exceeds fair value, including property, equipment, right-of-use assets, and other tangible assets.

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