Summit Hotel Properties Investor Presentation Deck

21 Glamping Investment Rationale Strategic Rationale Glamping segment positions Summit to benefit from emerging guest preferences towards experiential travel and non-traditional accommodation types Highly compelling unit economics ● . Generate in place yields and unlevered IRR profiles that are 400-600 bps and 500 - 1,000 bps higher than traditional lodging investments, respectively Labor-light/highly efficient operating model is a natural extension of Summit's core business of owning high-quality hotels with a predominately rooms-based revenue model ● Cocoon . . Minimal services and amenities and labor-light model generates superior margin profile 1-2 on-site FTEs vs 80-100 on average for a typical full-service hotel and 30-35 for a typical select-service hotel Results in margins 20-30 percentage points above + EBITDA/unit 4-5x traditional hotels Lower capital requirements enhance overall returns Onera's high-end, differentiated product includes temperature-controlled units, private bathrooms, kitchens, patios, fire pits and hot tubs The asset class leverages the Company's asset management and design & construction expertise Shorter development timelines and stabilization within 12 months of opening Monarch Treehouse Sage Safari Tent SUMMIT HOTEL PROPERTIES

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