Summit Hotel Properties (Summit Hotel Properties) Current Accrued Expense : $54.63 Mil (As of Dec. 2023)

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What is Summit Hotel Properties Current Accrued Expense?

Summit Hotel Properties's Current Accrued Expense for the quarter that ended in Dec. 2023 was $54.63 Mil.

Summit Hotel Properties's quarterly Current Accrued Expense increased from Jun. 2023 ($88.78 Mil) to Sep. 2023 ($92.21 Mil) but then declined from Sep. 2023 ($92.21 Mil) to Dec. 2023 ($54.63 Mil).

Summit Hotel Properties's annual Current Accrued Expense increased from Dec. 2021 ($33.05 Mil) to Dec. 2022 ($52.33 Mil) and increased from Dec. 2022 ($52.33 Mil) to Dec. 2023 ($54.63 Mil).

Summit Hotel Properties Current Accrued Expense Historical Data

The historical data trend for Summit Hotel Properties's Current 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 Current Accrued Expense Chart

Summit Hotel Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Current Accrued Expense

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34.19

16.54

33.05

52.33

54.63

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
Current Accrued Expense	Get a 7-Day Free Trial															52.33	86.50	88.78	92.21	54.63

Summit Hotel Properties Current Accrued Expense Calculation

Current Accrued Expense is the expense incurred during the accounting period, but not required to be paid until a later date. It includes compensation, interest, pensions and all other miscellaneous accruals reported by the company.

Summit Hotel Properties Current Accrued Expense Related Terms

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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 » Current Accrued Expense

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Traded in Other Exchanges

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.