Summit Hotel Properties is a self-managed lodging real estate investment trust that owns and operates a diversified portfolio of premium-branded hotel properties across the United States, generating revenue through long-term lodging operations and management fees from joint venture partnerships. The company's strategy focuses on acquiring upscale, efficiently-operated properties under leading franchise brands in top metropolitan markets, typically with locations near major demand generators such as corporate offices, airports, and convention centers that serve business transient, group, leisure, and government travelers. Summit maintains a capital-light ownership model through majority and controlling interests in properties, utilizing third-party professional management companies to operate all lodging assets while distributing substantially all taxable income to shareholders as required by REIT regulations.