Summit Hotel Properties Management

Management criteria checks 3/4

Summit Hotel Properties' CEO is Jon Stanner, appointed in Jan 2021, has a tenure of 3.83 years. total yearly compensation is $5.65M, comprised of 12.4% salary and 87.6% bonuses, including company stock and options. directly owns 1.32% of the company’s shares, worth €10.01M. The average tenure of the management team and the board of directors is 7.2 years and 8.8 years respectively.

Key information

Jon Stanner

Chief executive officer

US$5.7m

Total compensation

CEO salary percentage	12.4%
CEO tenure	3.8yrs
CEO ownership	1.3%
Management average tenure	7.2yrs
Board average tenure	8.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jon Stanner's remuneration changed compared to Summit Hotel Properties's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$8m
Jun 30 2024	n/a	n/a	US$6m
Mar 31 2024	n/a	n/a	-US$25m
Dec 31 2023	US$6m	US$700k	-US$28m
Sep 30 2023	n/a	n/a	-US$23m
Jun 30 2023	n/a	n/a	-US$18m
Mar 31 2023	n/a	n/a	-US$10m
Dec 31 2022	US$5m	US$700k	-US$17m
Sep 30 2022	n/a	n/a	-US$20m
Jun 30 2022	n/a	n/a	-US$31m
Mar 31 2022	n/a	n/a	-US$61m
Dec 31 2021	US$5m	US$592k	-US$84m
Sep 30 2021	n/a	n/a	-US$115m
Jun 30 2021	n/a	n/a	-US$142m
Mar 31 2021	n/a	n/a	-US$174m
Dec 31 2020	US$2m	US$433k	-US$158m
Sep 30 2020	n/a	n/a	-US$106m
Jun 30 2020	n/a	n/a	-US$60m
Mar 31 2020	n/a	n/a	US$39m
Dec 31 2019	US$2m	US$450k	US$68m
Sep 30 2019	n/a	n/a	US$64m
Jun 30 2019	n/a	n/a	US$90m
Mar 31 2019	n/a	n/a	US$79m
Dec 31 2018	US$2m	US$425k	US$71m
Sep 30 2018	n/a	n/a	US$71m
Jun 30 2018	n/a	n/a	US$55m
Mar 31 2018	n/a	n/a	US$51m
Dec 31 2017	US$1m	US$284k	US$79m

Compensation vs Market: Jon's total compensation ($USD5.65M) is above average for companies of similar size in the German market ($USD1.46M).

Compensation vs Earnings: Jon's compensation has been consistent with company performance over the past year.

CEO

Jon Stanner (43 yo)

3.8yrs

Tenure

US$5,652,211

Compensation

Mr. Jonathan P. Stanner, also known as Jon, serves as a Director at RI Port Hillsboro JV BR 152, LLC and RI Port River JV BR 151, LLC. He serves as a Director at HG San Jose Jv BR 150, LLC. He has been Dir...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jonathan Stanner	President	3.8yrs	US$5.65m	1.32% € 10.0m
William Conkling	Executive VP & CFO	3.5yrs	US$2.37m	0.47% € 3.6m
Paul Ruiz	Senior VP & Chief Accounting Officer	10.6yrs	US$1.16m	0.26% € 1.9m
Christopher Eng	Chief Risk Officer	14.4yrs	US$1.40m	0.29% € 2.2m
Adam Wudel	Senior VP of Finance & Capital Markets	no data	no data	no data

7.2yrs

Average Tenure

50.5yo

Average Age

Experienced Management: SDP's management team is seasoned and experienced (7.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Jonathan Stanner	President	3.8yrs	US$5.65m	1.32% € 10.0m
Kenneth Kay	Independent Director	10.3yrs	US$202.81k	0.11% € 823.9k
Jeffrey Jones	Independent Non-Executive Chairman	10.3yrs	US$305.31k	0.11% € 823.9k
Thomas Storey	Independent Director	13.8yrs	US$185.31k	0.17% € 1.3m
Bjorn R. Hanson	Independent Director	13.8yrs	US$187.81k	0.12% € 918.1k
Hope Taitz	Independent Director	7.3yrs	US$197.81k	0.092% € 697.1k
Mehulkumar Patel	Independent Director	2.8yrs	US$167.81k	no data
Amina Porter	Independent Director	3.5yrs	US$185.31k	0.052% € 393.8k

8.8yrs

Average Tenure

61yo

Average Age

Experienced Board: SDP's board of directors are considered experienced (8.8 years average tenure).

Summit Hotel Properties Management

Management criteria checks 3/4

Key information

Recent management updates

Insufficient new directors

Summit Hotel Properties, Inc., Annual General Meeting, May 22, 2024

President recently bought €142k worth of stock

Summit Hotel Properties, Inc., Annual General Meeting, May 12, 2022

Summit Hotel Properties, Inc. Announces Retirement of Craig Aniszewski as Chief Operating Officer

Executive Chairman recently sold €2.7m worth of stock

Recent updates

Upcoming dividend of US$0.08 per share

Piramco Inc. acquired Four Points by Sheraton in San Francisco from Summit Hotel Properties, Inc. (NYSE:INN) for $17.7 million.

Third quarter 2024 earnings released: US$0.04 loss per share (vs US$0.051 loss in 3Q 2023)

Second quarter dividend of US$0.08 announced

Summit Hotel Properties, Inc. Declares Dividend for the Third Quarter Ended September 30, 2024, Payable on November 29, 2024

Summit Hotel Properties, Inc. to Report Q3, 2024 Results on Nov 04, 2024

Upcoming dividend of US$0.08 per share

New major risk - Revenue and earnings growth

First quarter dividend of US$0.08 announced

Summit Hotel Properties, Inc. Declares Cash Dividend for the Second Quarter Ended June 30, 2024, Payable on August 30, 2024

Summit Hotel Properties, Inc. to Report Q2, 2024 Results on Jul 29, 2024

Forecast to breakeven in 2026

Insufficient new directors

First quarter dividend of US$0.08 announced

First quarter 2024 earnings released: US$0.02 loss per share (vs US$0.05 loss in 1Q 2023)

Summit Hotel Properties, Inc. to Report Q1, 2024 Results on May 01, 2024

Full year 2023 earnings released: US$0.27 loss per share (vs US$0.16 loss in FY 2022)

Summit Hotel Properties, Inc., Annual General Meeting, May 22, 2024

Upcoming dividend of US$0.06 per share at 3.7% yield

Third quarter dividend of US$0.06 announced

Summit Hotel Properties, Inc. Declares Cash Dividend for the Fourth Quarter Ended December 31, 2023, Payable on February 29, 2024

Summit Hotel Properties, Inc. to Report Q4, 2023 Results on Feb 28, 2024

Upcoming dividend of US$0.06 per share at 3.9% yield

An unknown buyer agreed to acquire Hyatt Place Baltimore / Owings Mills from Summit Hotel Properties, Inc. (NYSE:INN) for $8.3 million.

Third quarter 2023 earnings released: US$51.47 loss per share (vs US$0.005 loss in 3Q 2022)

Summit Hotel Properties, Inc. Declares Third Quarter 2023 Dividend, Payable on November 30, 2023

No longer forecast to breakeven

Summit Hotel Properties, Inc. to Report Q3, 2023 Results on Nov 01, 2023

Upcoming dividend of US$0.06 per share at 4.1% yield

Summit Hotel Properties, Inc. (NYSE:INN) and GIC Private Limited acquired The Nordic Lodge Hotel for $13.7 million.

Second quarter 2023 earnings released: US$0.007 loss per share (vs US$0.075 profit in 2Q 2022)

Summit Hotel Properties Declares Second Quarter 2023 Common Stock Dividend, Payable on August 31, 2023

Summit Hotel Properties, Inc. to Report Q2, 2023 Results on Aug 02, 2023

Forecast breakeven date pushed back to 2025

An unknown buyer acquired four-hotel portfolio from Summit Hotel Properties, Inc. (NYSE:INN).

Summit Hotel Properties, Inc. (NYSE:INN) and GIC Private Limited acquired Residence Inn Scottsdale North for $29 million

Upcoming dividend of US$0.06 per share at 3.6% yield

First quarter 2023 earnings released: US$0.05 loss per share (vs US$0.12 loss in 1Q 2022)

President recently bought €142k worth of stock

Now 23% undervalued after recent price drop

Full year 2022 earnings released: US$0.11 loss per share (vs US$0.80 loss in FY 2021)

Now 20% undervalued after recent price drop

Upcoming dividend of US$0.04 per share at 1.9% yield

Now 21% undervalued after recent price drop

Summit Hotel Properties, Inc. Declares Cash Dividend for the Fourth Quarter Ended December 31, 2022, Payable on February 28, 2023

Summit Hotel Properties, Inc. to Report Q4, 2022 Results on Feb 27, 2023

Upcoming dividend of US$0.04 per share

Third quarter 2022 earnings released: EPS: US$0.001 (vs US$0.10 loss in 3Q 2021)

Summit Hotel Properties, Inc. (NYSE:INN) acquired 90% stake in Onera Fredericksburg for $4.5 million.

Summit Hotel Properties, Inc. Declares A Cash Dividend for the Third Quarter Ended September 30, 2022, Payable on November 30, 2022

Summit Hotel Properties, Inc. to Report Q3, 2022 Results on Nov 03, 2022

Upcoming dividend of US$0.04 per share

Second quarter 2022 earnings released: EPS: US$0.11 (vs US$0.21 loss in 2Q 2021)

Summit Hotel Properties, Inc. Reinstates Quarterly Cash Dividend, Payable on August 31, 2022

Summit Hotel Properties, Inc. to Report Q2, 2022 Results on Aug 02, 2022

Summit Hotel Properties, Inc. (NYSE:INN) acquired AC Hotel by Marriott & Element Miami Brickell for $89 million.

An unknown buyer completed the acquisition of Hilton Garden Inn San Francisco Airport North from Summit Hotel Properties, Inc. (NYSE:INN) and GIC Pte. Ltd.

An unknown buyer entered into an agreement to acquire Hilton Garden Inn San Francisco Airport North from Summit Hotel Properties, Inc. (NYSE:INN) and GIC Pte. Ltd. for $75 million.

Summit Hotel Properties, Inc. to Report Q1, 2022 Results on May 03, 2022

Summit Hotel Properties, Inc. acquired Canopy by Hilton New Orleans Downtown from Hilton Worldwide Holdings Inc. for $56 million.

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Summit Hotel Properties, Inc., Annual General Meeting, May 12, 2022

Summit Hotel Properties, Inc. Announces Retirement of Craig Aniszewski as Chief Operating Officer

Summit Hotel Properties, Inc. (NYSE:INN) and GIC Pte. Ltd. acquired Embassy Suites by Hilton Tucson / Paloma Village for $25.5 million.

Third quarter 2021 earnings released: US$0.043 loss per share (vs US$0.37 loss in 3Q 2020)

Executive Chairman recently sold €2.7m worth of stock

Second quarter 2021 earnings released: US$0.21 loss per share (vs US$0.52 loss in 2Q 2020)

Summit Hotel Properties, Inc. (NYSE:INN) and GIC Pte. Ltd. completed the acquisition of 110-guestroom Residence Inn by Marriott Steamboat Springs.

Summit Hotel Properties, Inc. (NYSE:INN) and GIC Pte. Ltd. agreed to acquire 110-guestroom Residence Inn by Marriott Steamboat Springs for $33 million.