Summit Hotel Properties : Investor Presentation - April 2021

I N V E S T O R P R E S E N T A T I O N

A P R I L 2 0 2 1 | N Y S E : I N N

Forward-Looking Statements

We make forward-looking statements in this presentation that are subject to risks and uncertainties. These forward-looking statements include information about possible or assumed future results of our business, financial condition, liquidity, results of operations, plans, and objectives. When we use the words "believe," "expect," "anticipate," "estimate," "plan," "continue," "intend," "should," "may," or similar expressions, we intend to identify forward-looking statements. Statements regarding the following subjects, among others, may be forward-looking by their nature:

• our ability to increase our dividend per share of common stock;
• the state of the U.S. economy generally or in specific geographic regions in which we operate, and the effect of general economic conditions on the lodging industry and our business in particular;
• market trends in our industry, interest rates, real estate values and the capital markets;
• our business and investment strategy and, particularly, our ability to identify and complete hotel acquisitions and dispositions;
• our projected operating results;
• actions and initiatives of the U.S. government and changes to U.S. government policies and the execution and impact of such actions, initiatives and policies;
• our ability to manage our relationships with our management companies and franchisors;
• our ability to maintain our existing and future financing arrangements;
• changes in the value of our properties;
• the impact of and changes in governmental regulations, tax law and rates, accounting guidance and similar matters;
• our ability to satisfy the requirements for qualification as a REIT under the U.S. Tax Code;
• our ability to repay or refinance our indebtedness as it matures or becomes callable by lenders;
• the availability of qualified personnel;
• our ability to make distributions to our stockholders in the future;
• the general volatility of the market price of our securities; and
• the degree and nature of our competition.

Forward-looking statements are based on our beliefs, assumptions and expectations of our future performance, taking into account information currently available to us. You should not place undue reliance on these forward-looking statements. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to us. These factors are discussed under "Item 1A. Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2020, and in other documents we have filed with the Securities and Exchange Commission. If a change occurs, our business, financial condition, liquidity and results of operations may vary materially from those expressed in our forward-looking statements. Any forward-looking statement is effective only as of the date on which it is made. New risks and uncertainties arise over time, and it is not possible for us to predict those events or how they may affect us. Except as required by law we are not obligated to, and do not intend to, publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Additionally, this presentation contains certain unaudited historical and pro forma information and metrics which are based or calculated from historical data that is maintained or produced by the Company or third parties. This presentation contain statistics and other data that may have been obtained from, or compiled from, information made available by third-parties.

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Investment Thesis

Focused and efficient operating model

Best-in-class operators and a unique

revenue management platform

Targeted capital allocation through external growth and capital recycling

Conservative and

prudently-crafted balance sheet

Broad geographic diversification

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Company Overview

Leading publicly-traded REIT focused on owning

premium-branded hotels with efficient operating models

Corporate Overview

Headquarters	Austin, Texas
Ticker Symbol	NYSE: INN

Portfolio Overview (1)

Hotels	72 hotels
Guestrooms	11,288 keys
States	23 states
Markets	34 MSAs
Avg. Effective Age (2)	2.8 years

Guest Segmentation (3)

Retail	31 %
Discount	24 %
Negotiated	15 %
Group	13 %
Qualified	11 %
Other	5 %
Wholesale	1 %

Premium Franchisors (1)

Marriott International	51.6 %
Hilton Worldwide	22.3 %
Hyatt Hotel Corp.	21.0 %
IHG	5.1 %

Top Markets (1)

New Orleans, LA	7.3 %
Atlanta, GA	6.6 %
San Francisco, CA	6.5 %
Portland, OR	5.7 %
Minneapolis, MN	5.4 %
Baltimore, MD	5.0 %
Phoenix, AZ	4.9 %
Denver, CO	4.5 %
Chicago, IL	4.3 %
Orlando, FL	4.1 %

(1)	Based on hotels and guestrooms owned as of March 31, 2021.
(2)	Based on the most recent reno date weighted by guestroom count as of March 31, 2021.	4
(3)	Based on occupied rooms for the trailing twelve months ended December 31, 2020.

Experienced Leadership Driving Success

Daniel P. Hansen

Executive Chairman

Mr. Hansen's service as Executive Chairman provides a critical link between management and the Board, enabling the Board to perform its oversight function with the benefits of management's perspectives on the business.

Mr. Hansen joined The Summit Group in October 2003 and previously served in multiple senior positions within the company, including President, Chief Executive Officer, Chief Financial Officer, Executive Vice President, and Vice President of Investor Relations. Prior to joining The Summit Group, Mr. Hansen spent 11 years with Merrill Lynch in various leadership positions culminating as a Vice President and Regional Sales Manager in the Texas Mid-South Region, which included Texas, Louisiana, Arkansas and Oklahoma. Mr. Hansen serves on the Board of the American Hotel & Lodging Association and on advisory councils of multiple hotel brands.

Mr. Hansen graduated from South Dakota State University with a B.A. in Economics.

Jonathan P. Stanner

President and Chief Executive Officer

Mr. Stanner joined Summit Hotel Properties in April 2017 and most recently served as the company's Executive Vice President and Chief Financial Officer.

Prior to joining Summit, Mr. Stanner was Chief Executive Officer at Strategic Hotels & Resorts, a former NYSE-listed company acquired by an affiliate of The Blackstone Group in 2015. During his tenure at Strategic Hotels & Resorts from 2005 to 2015, Mr. Stanner also held various other senior positions with the company, including Chief Financial Officer, Senior Vice President - Capital Markets, Acquisitions, and Treasurer and Director of Corporate Finance. Prior to his time at Strategic Hotels, Mr. Stanner was an investment banking analyst for Banc of America Securities.

Mr. Stanner holds both a B.S. in Management and an MBA from the Krannert School of Management at Purdue University.

Craig J. Aniszewski

Executive Vice President & Chief Operating Officer

Mr. Aniszewski joined The Summit Group in January 1997 as Vice President of Operations and Development.

Prior to joining Summit, Mr. Aniszewski spent 13 years working for Marriott International, Inc., where he held sales and operations positions in full-service, convention, and resort hotels. He also worked in the select-service sector, holding various positions including Director of Sales and General Manager for Residence Inn and Courtyard branded hotels located in Florida, New York, Connecticut, Pennsylvania, Maryland, and North Carolina. Mr. Aniszewski currently serves on the Owner's Advisory Board for Hilton Garden Inn and previously served on Intercontinental Hotel Group's IH4 Room Owner's Advisory Board from 2016-2017 and on the Franchise Advisory Committee for Fairfield Inn by Marriott.

Mr. Aniszewski graduated from the University of Dayton with a B.S. in Criminal Justice with minors in Business and Psychology.

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