Summit Hotel Properties Investor Presentation Deck

ANN 448 FOR W Efficient Operating Model and Best-in-Class Platform Drives Profitability 10 MEE Recen COURTYARD Courtyard Charlotte City Center INDI Through both asset management initiatives and a restructuring of the operating model during the pandemic, we believe there is potential for margin expansion as revenues return to stabilized levels 53% 50% 48% 45% 43% 40% Rooms evenue driven model results in high GOP and EBITDA marg Proprietary, in-house revenue management platform partners with management companies to more effectively yield manage the portfolio and drive profitability Complexing of management and sales teams across the portfolio, particularly with the addition of the Newcrestlmage portfolio, creates both revenue and expense synergies Utilization of best practices from our nine hotel management partners drives operational efficiencies Strong connectivity, representation and influence with all major brand partners through leadership roles on owner advisory councils Sequential Improvement in GOP Margins vs. 2019 (¹) Q4 2022 margins down 130 bps vs 2019 compared to 430 bps in Q1 2022 49.2% 430 bps 44.9% Q1 2022 (1) Based on pro forma GOP Margin for the applicable periods relating to the 103 lodging assets owned as of May 3, 2023. 1 49.9% 210 bps 47.8% Q2 2022 L2019 GOP Margin 1 I 46.9% 260 bps 44.3% Q3 2022 1 2022 GOP Margin 45.6% 130 bps 44.2% Q4 2022 1 SUMMIT HOTEL PROPERTIES

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