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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
ASSETS    
Investment in hotel properties, net $ 734,362 $ 498,876
Investment in hotel properties under development 10,303  
Land held for development 15,802 20,295
Assets held for sale 4,836  
Cash and cash equivalents 13,980 10,537
Restricted cash 3,624 1,464
Trade receivables 5,478 3,425
Prepaid expenses and other 5,311 4,721
Deferred charges, net 8,895 8,924
Deferred tax asset 3,997 2,196
Other assets 4,201 3,567
TOTAL ASSETS 810,789 554,005
LIABILITIES    
Debt 312,613 217,104
Accounts payable 5,013 1,671
Accrued expenses 18,985 15,781
Derivative financial instruments 641  
TOTAL LIABILITIES 337,252 234,556
COMMITMENTS AND CONTINGENCIES      
Preferred stock, $.01 par value per share, 100,000,000 shares authorized:    
Common stock, $.01 par value per share, 450,000,000 shares authorized, 46,159,652 and 27,278,000 shares issued and outstanding at December 31, 2012 and 2011, respectively 462 273
Additional paid-in capital 468,820 288,902
Accumulated other comprehensive income (loss) (528)  
Accumulated deficit and distributions (31,985) (11,020)
Total stockholders' equity 436,819 278,175
Noncontrolling interests 36,718 41,274
TOTAL EQUITY 473,537 319,449
TOTAL LIABILITIES AND EQUITY 810,789 554,005
9.25% Series A Preferred Stock
    
Preferred stock, $.01 par value per share, 100,000,000 shares authorized:    
Preferred stock 20 20
7.875% Series B Preferred Stock
    
Preferred stock, $.01 par value per share, 100,000,000 shares authorized:    
Preferred stock 30  
SUMMIT HOTEL OP, LP
    
ASSETS    
Investment in hotel properties, net 734,362 498,876
Investment in hotel properties under development 10,303  
Land held for development 15,802 20,295
Assets held for sale 4,836  
Cash and cash equivalents 13,980 10,537
Restricted cash 3,624 1,464
Trade receivables 5,478 3,425
Prepaid expenses and other 5,311 4,721
Deferred charges, net 8,895 8,924
Deferred tax asset 3,997 2,196
Other assets 4,201 3,567
TOTAL ASSETS 810,789 554,005
LIABILITIES    
Debt 312,613 217,104
Accounts payable 5,013 1,671
Accrued expenses 18,985 15,781
Derivative financial instruments 641  
TOTAL LIABILITIES 337,252 234,556
COMMITMENTS AND CONTINGENCIES      
EQUITY    
Summit Hotel Properties, Inc., 46,159,652 and 27,278,000 common units outstanding at December 31, 2012 and 2011, respectively, and 5,000,000 and 2,000,000 preferred units outstanding at December 31, 2012 and 2011, respectively (preferred units liquidation preference of $125,717 and $50,393 at December 31, 2012 and 2011, respectively) 436,819 278,175
Unaffiliated limited partners, 5,226,375 and 10,100,000 common units outstanding at December 31, 2012 and 2011, respectively 36,718 41,274
TOTAL EQUITY 473,537 319,449
Preferred stock, $.01 par value per share, 100,000,000 shares authorized:    
TOTAL LIABILITIES AND EQUITY $ 810,789 $ 554,005