# Summit Hotel Properties, Inc. (INN-PF) — capital_raise/atm_program [announced]
Source: SEC API (secapi.ai) · situation sit_fbdfe1ae714a6bebd6ec · retrieved 2026-08-12T06:56:40.426Z

## Overview
Summit Hotel Properties, Inc. is a Maryland-incorporated real estate investment trust (REIT) that owns and operates hotels; it qualifies for taxation as a REIT under Sections 856-860 of the Internal Revenue Code.

Summit Hotel Properties, Inc. and its operating partnership entered into an equity distribution agreement on August 7, 2026 with 15 sales agents and forward sellers (including Robert W. Baird, BofA Securities, BTIG, J.P. Morgan Securities, Wells Fargo Securities, and others) and 9 forward purchasers to offer and sell up to $200,000,000 in aggregate gross sales price of the Company's common stock ($0.01 par value) through at-the-market offerings. The Managers will receive commissions not to exceed 2.0% of gross sales price for shares sold as sales agents, and forward sellers will receive commissions not to exceed 2.0% of gross sales price for borrowed shares sold in forward transactions. The Company intends to contribute net proceeds to its operating partnership for general business purposes, including hotel acquisitions, debt repayment, capital improvements, and other corporate purposes.

## Terms
- Counterparty: Robert W. Baird & Co. Incorporated, BofA Securities, Inc., BTIG, LLC, Cantor Fitzgerald & Co., Capital One Securities, Inc., Huntington Securities, Inc., J.P. Morgan Securities LLC, M&T Securities, Inc., Nomura Securities International, Inc., Raymond James & Associates, Inc., RBC Capital Markets, LLC, Regions Securities LLC, Scotia Capital (USA) Inc., Truist Securities, Inc., Wells Fargo Securities, LLC, Bank of America, N.A., The Bank of Nova Scotia, CF Secured, LLC, JPMorgan Chase Bank, National Association, Nomura Global Financial Products, Inc., Royal Bank of Canada, Truist Bank, Wells Fargo Bank, National Association · Deal value: $200.0M · Consideration: stock

## Key dates
- Announced 2026-08-07 · Expiry 2027-08-07

## Timeline
- 2026-08-07 · 8-K (0001104659-26-092735): 8-K - Summit Hotel Properties, Inc. — *Summit Hotel Properties, Inc. is a Maryland-incorporated real estate investment trust (REIT) that owns and operates hotels; it qualifies for taxation as a REIT under Sections 856-860 of the Internal Revenue Code.* Summit Hotel Properties, Inc. and its operating partnership entered into an equity distribution agreement on August 7, 2026 with 15 sales agents and forward sellers (including Robert W. Baird, BofA Securities, BTIG, J.P. Morgan Securities, Wells Fargo Securities, and others) and 9 forward purchasers to offer and sell up to $200,000,000 in aggregate gross sales price of the Company's common stock ($0.01 par value) through at-the-market offerings. The Managers will receive commissions not to exceed 2.0% of gross sales price for shares sold as sales agents, and forward sellers will receive commissions not to exceed 2.0% of gross sales price for borrowed shares sold in forward transactions. The Company intends to contribute net proceeds to its operating partnership for general business purposes, including hotel acquisitions, debt repayment, capital improvements, and other corporate purposes.
  https://www.sec.gov/Archives/edgar/data/1497645/0001104659-26-092735.txt

## Citations
- 0001104659-26-092735 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000110465926092735