Summit Hotel Properties Investor Presentation Deck

12 Premier Portfolio with Broad Geographic Diversification and Concentration in High Growth Sun Belt Markets Summit Markets Dallas-Fort Worth New Orleans Miami-Fort Lauderdale Portland Atlanta Baltimore Houston San Francisco Phoenix Denver Summit's favorable market exposure is expected to drive portfolio RevPAR growth in its top 10 markets of 90 basis points more than industry averages annually through 2027 (1,2) Pro Forma Top 10 (²) Other (2) Pro Forma Portfolio (²) Total U.S. (1) (2) Rooms % Portfolio 2,225 1,178 688 640 584 569 567 563 552 509 8,075 6,509 14,584 15% 8% 5% 4% 4% 4% 4% 4% 4% 3% 55% 45% 100% 5YR CAGR (1) 4% 5% 3% 6% 5% 5% 5% 10% 4% 5% 5% 5% 5% 4% VS. Total U.S. 0 bps 130 bps -120 bps 200 bps 100 bps 60 bps 90 bps 600 bps -50 bps 70 bps 90 bps 90 bps 90 bps Market Indicator 30% 23% 15% 8% 0% 2022 Forecasted Cumulative RevPAR Growth (1,2) 2023 Summit 2024 2025 CBRE Total U.S. 2026 CBRE Upscale CBRE Hotel Horizons RevPAR growth data Q4 2022 Edition as of February 2023. Pro forma portfolio RevPAR growth is the CBRE All Hotels RevPAR growth for the applicable markets weighted by guestroom count for the 97 lodging assets owned as of May 3, 2023, after excluding the six pending dispositions. ‒‒‒ 2027 5YR CAGR 5.0% 4.4% 4.1% SUMMIT HOTEL PROPERTIES

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