Summit Hotel Properties, Inc. (NYSE:INN) Q4 2022 Earnings Call Transcript

Trey Conkling: Yes. I think, if you look at our leverage, what I would say is that pro forma for the asset sales and the kind of $79 million that we anticipate bringing in from that standpoint and kind of what the midpoint of our guidance range is we are probably right around five times. That is obviously about a half a turn higher than where we — what our target is. But I think it is good progress that we have made over the last year as we have kind of recycled out of some of these non-core assets as well as the EBITDA growth that we have seen.

Michael Bellisario: Got it. Thanks everyone.

Operator: And I’m not showing any further questions this time. I would like turn the call back over to Jon Stanner, President and CEO for any closing remarks.

Jon Stanner: Yes. Well thank you all for joining us today. We are obviously very encouraged by our operating results for 2022. We are excited about the prospects for the acquisition activity that we completed in the year and we are optimistic about the future of Summit. We look forward to seeing many of you as we progress through the year. Thank you all again for joining. Have a good day.

Operator: Ladies and gentlemen, that is concludes today’s presentation. You may now disconnect and have a wonderful day.