Summit Hotel Properties Investor Presentation Deck

15 Urban and Weekday Demand Driving Next Phase of Lodging Recovery The greatest opportunity for further RevPAR acceleration is from weekday performance improvement, likely to be driven by urban location type and business transient segment. ● 150% 125% Strengthening corporate and group demand continue to drive improving fundamentals in key urban markets such as Chicago, Dallas, Houston, and Miami. 100% 75% 50% (1) (2) 25% For the first quarter 2023, weekday RevPAR improved significantly, growing 22% compared to the first quarter 2022 versus weekend RevPAR growth of 10%. Comparable weekday and weekend RevPAR in the first quarter 2023 recovered to 86% and 105% of pre-pa emic levels, respective ared to the first quarter 2022 weekday and weekend RevPAR recovery of 70% and 95%, respectively. +54% RevPAR YOY 57% 83% 66% FY 2021 92-Hotel Comparable Portfolio RevPAR Recapture vs 2019 (²) +77% RevPAR YOY 70% 95% 79% Q1 2022 +54% RevPAR YOY 85% 106% 93% Q2 2022 Weekday Based on guestroom count for the 103 lodging assets owned as of March 31, 2023. Based on pro forma financials for the 92 comparable lodging assets owned as of March 31, 2023. +21% RevPAR YOY 87% 103% 94% Q3 2022 Weekend +16% RevPAR YOY 86% 107% 95% Q4 2022 Comparable % of Portfolio by STR Location (¹) Airport 11% Suburban 29% +37% RevPAR YOY 82% 103% 90% FY 2022 Urban 47% Resort 10% +18% RevPAR YOY 86% 105% Other 4% 93% Q1 2023 SUMMIT HOTEL PROPERTIES

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