Summit Hotel Properties Investor Presentation Deck

19 Targeted Capital Allocation Strategy with Proven Track Record of Transaction Driven Value Creation $1,200 $900 $600 $300 48% 36% (1) (2) 24% 12% 0% $0 Over the past seven quarters, Summit has been highly acquisitive relative to the lodging peer set, setting the stage for outsized EBITDA growth over the next several years Gross Acquisition Value (¹) $1,079 HST 45% INN $975 INN 37% BHR $802 PEB 15% PEB $539 BHR 13% SHO $428 APLE 13% DRH $410 $403 SHO 13% DRH XHR 9% $329 Acquisitions as a % of TEV (2) CLDT XHR 9% $258 APLE RLJ 7% HST $102 CLDT 7% RLJ $0 RHP 0% RHP I $0 AHT 0% AHT Amounts in millions. Acquisition activity for the period beginning July 1, 2021, through March 31, 2023. Summit TEV based on market close price as of May 3, 2023. Summit acquisition value is pro rata. Peer data from SNL based on Q4 2022 reported data available and market close price as of May 3, 2023. $0 HT 0% HT $0 PK 0% PK SUMMIT HOTEL PROPERTIES

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