Summit Hotel Properties Investor Presentation Deck

18 Targeted Capital Allocation Strategy with Proven Track Record of Transaction Driven Value Creation Acquisitions ● Locations in "Markets that Matter" with favorable supply/demand dynamics and multiple demand generators Efficient operating models and value-add opportunities (i.e., property renovations, brand conversions, management changes) Dispositions ● Target product types that appeal to evolving guest preferences (i.e., initial glamping investment with the acquisition of Onera Fredericksburg in October 2022 and two new development projects currently underway) Under contract to sell six lodging assets and one vacant land parcel for $79.9 million. Combined with our previously completed sale of the Hilton Garden Inn San Francisco in 2022, we have signed or closed sales totaling $155 million at a blended capitalization rate of 2.3% based on trailing twelve-month net operating income and eliminated nearly $44 million of near-term required capital expenditures. Joint Venture with GIC ● Identify markets with unfavorable supply/demand dynamics and hotels with functional obsolescence or large capital needs that do not meet return thresholds Total assets of $1.2 billion with a well-respected global real estate investor further validates Summit's platform and operating model Facilitates external growth strategy and creates a pipeline for future growth Fee structure generates higher going-in yields and hold-period returns for the Company and is expected to cover ~15% of 2023 cash corporate G&A Opportunistic Development and Mezzanine Lending Activity Higher risk-adjusted returns and utilization of in-house development expertise Mezzanine lending program provides alternative pipeline for growth which typically earns current yields of 10%-14% and provides for the future option to acquire at a fixed price (i.e., initial mezz loan converted into 90% equity stake in the dual-branded AC Hotel / Element Miami Brickell) Flexible Balance Sheet Maintain liquidity and flexibility and a well-balanced maturity ladder spread across multiple years Precedent for creative structuring and accretive issuance of OP units to preserve liquidity while remaining transactional hotel&INDIGO hotel INDIGO Hotel Indigo Asheville SUMMIT HOTEL PROPERTIES

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