Summit Hotel Properties (Summit Hotel Properties) Change In Payables And Accrued Expense : $1.64 Mil (TTM As of Dec. 2023)

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What is Summit Hotel Properties Change In Payables And Accrued Expense?

Summit Hotel Properties's Change In Payables And Accrued Expense for the quarter that ended in Dec. 2023 was $-1.95 Mil. It means Summit Hotel Properties's Accounts Payable & Accrued Expense declined by $1.95 Mil from Sep. 2023 to Dec. 2023 .

Summit Hotel Properties's Change In Payables And Accrued Expense for the fiscal year that ended in Dec. 2023 was $1.64 Mil. It means Summit Hotel Properties's Accounts Payable & Accrued Expense increased by $1.64 Mil from Dec. 2022 to Dec. 2023 .

Summit Hotel Properties Change In Payables And Accrued Expense Historical Data

The historical data trend for Summit Hotel Properties's Change In Payables And Accrued Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Summit Hotel Properties Change In Payables And Accrued Expense Chart

Summit Hotel Properties Annual Data

Trend

Dec14

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Dec16

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Dec18

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Dec20

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Dec22

Dec23

Change In Payables And Accrued Expense

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0.94

-18.01

16.65

18.90

1.64

Summit Hotel Properties Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Payables And Accrued Expense	Get a 7-Day Free Trial															-14.52	-3.11	-1.39	8.09	-1.95

Summit Hotel Properties Change In Payables And Accrued Expense Calculation

Change In Payables And Accrued Expense is the increase or decrease between periods of the Accounts Payable & Accrued Expense. Accrued expenses represent expenses incurred at the end of the reporting period but not yet paid; also called accrued liabilities. The accrued liability is shown under Liabilities section in the balance sheet.

Change In Payables And Accrued Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.64 Mil.

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Summit Hotel Properties (Summit Hotel Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Summit Hotel Properties Inc (NYSE:INNPRACL.PFD) » Definitions » Change In Payables And Accrued Expense

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INNpE.PFD:USA INN:USA

Address

13215 Bee Cave Parkway, Suite B-300, Austin, TX, USA, 78738

Website

https://www.shpreit.com

Summit Hotel Properties Inc is a U.S.-based hotel investment company focusing on select-service hotels in the upscale and upper-midscale properties in the U.S. Substantially all of Summit's assets are held and operated by its Operating Partnership, Summit Hotel OP, LP, in which the company holds general and limited partnership interests. The firm has one segment in activities related to investing in real estate. Summit's revenue streams include Room and Other hotel operations revenue. Room comprises the majority of total revenues. The firm's hotels are located in various markets, such as corporate offices, retail centers, airports, state capitols, convention centers, and leisure attractions. Summit's hotels operate under brands, including Marriott, Hilton, Hyatt, and Holiday Inn.