Summit Hotel Properties Investor Presentation Deck

9 Efficient Operating Model and Best-in-Class Platform Drives Profitability 36% 34% 32% 30% 28% 26% 35.4% (1) Summit Summit Delivers Best-in-Class Operating Margins +120 bps FYE 2022 Hotel EBITDA Margin 34.2% Select-Service Peers (2) +350 bps 30.7% (2,3) All Peers +70 bps (1) Summit based on the pro forma 2022 financials for the 103 lodging assets owned as of May 3, 2023. (2) Select-service peer data based on the aggregate FY 2022 comparable portfolio revenue and hotel EBITDA reported for the following peers: APLE, CLDT, HT, and RLJ. (3) Full-service peer data based on the aggregate FY 2022 comparable portfolio revenue and hotel EBITDA reported for the following peers: AHT, BHR, DRH, HST, PK, PEB, RHP, SHO, and XHR. 30.0% (3) Full-Service Peers SUMMIT HOTEL PROPERTIES

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