Summit Hotel Properties Investor Presentation Deck

25 Strong Balance Sheet and Liquidity Support Future Growth $500 $400 $300 $200 $100 $0 Pro Forma Capital Structure (1,2) $0.3b or 14.4% $0.8b or 37.5% ☐JV MR1 $0 2023 Pro Rata Capitalization $2.1B No outstanding maturities until Q4 2024 $1.0b or 48.1% Credit Facility $15 $102 ■ Net Debt 2024 JV MR3 Term Loan ■ Common Equity ■ Preferred Equity Pro Forma Debt Maturity Schedule ($ in millions) (1) $42 $225 $200 2025 B of A Term Loan Liquidity (Undrawn Revolver Capacity + Cash): Pro Rata Net Debt Outstanding: Pro Rata Net Debt / Total Enterprise Value: Average Length to Maturity: Pro Forma Key Highlights (1,2) Pro Forma Weighted Avg. Cost of Debt: Consensus EBITDA / Fixed Charge Ratio (³) : $288 2026 KeyBank Term Loan $44 $209 2027 Convertible Debt $7 2028 Mortgage Debt JV (1) Based on financials and pro rata debt as of March 31, 2023. Assumes fully-extended maturity dates for all loans, the sale of six pending dispositions for $79.9 million in cash, and the two new JV interest- rate swaps are effective. (2) Summit's market close price as of May 3, 2023. Amounts are pro rata. (3) Based on 2023E Consensus EBITDA of $209.5 million and fixed charges of pro rata 2023E principal, interest expense, and preferred dividends on a pro forma basis. $0.5B $1.0B 48% ~3 years 4.6% 2.9x $3 2029+ Mortgage Debt SUMMIT HOTEL PROPERTIES

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