Summit Hotel Properties Investor Presentation Deck

23 Pending Disposition Highlights Transaction Highlights Guestrooms Gross Sales Price Foregone Capital Expenditures RevPAR Hotel EBITDA Margin Capitalization Rate (Pre-Capital) Capitalization Rate (All-In) Use of Proceeds Holiday Inn Express & Suites Minnetonka 750 $79.9 Million $33-38 Million $78 (30% discount to total portfolio) 18% (50% below total portfolio) 3.9% 2.6% Debt Repayment and general corporate purposes Residence Inn Atlanta Midtown Two-Pack Portfolio Sale The Company is under contract to sell two hotels totaling 283 guestrooms for a gross sales price of $50.5 million, representing a 3.9% capitalization rate based on the portfolio's net operating income after a 4% FF&E reserve for the full year 2022. 160-guestroom - Residence Atlanta Midtown/Peachtree at ● ● ● Four-Pack Portfolio Sale The Company is separately under contract to sell four hotels totaling 467 guestrooms for a gross sales price of $28.1 million, representing a 4.2% capitalization rate based on the portfolio's net operating income after a 4% FF&E reserve for the full year 2022. 151-guestroom - Hyatt Place Chicago/Lombard/Oak Brook 126-guestroom - Hyatt Place Chicago/Hoffman Estates 97-guestroom - Hilton Garden Inn Minneapolis/Eden Prairie 93-guestroom - Holiday Inn Express & Suites Eden Prairie - Minnetonka ● 17th ● 123-guestroom - Courtyard Kansas City Country Club Plaza Hyatt Place Chicago / Lombard SUMMIT HOTEL PROPERTIES

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