Selected Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2012

Selected Quarterly Financial Data (Unaudited)

NOTE 23 - SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

Summit Hotel Properties, Inc.

Selected consolidated quarterly financial data for 2012 and 2011 follows (in thousands, except per share):

	2012
	Summit Hotel Properties, Inc.
	First Quarter			Second Quarter			Third Quarter		Fourth Quarter

Total revenues	$	40,102		$	47,213		$	50,804	$	51,423

Net income (loss) from continuing operations	$	(1,609	)	$	444		$	1,033	$	(3,495	)
Net income (loss) from discontinued operations	$	(1,196	)	$	(801	)	$	608	$	2,746
Net income (loss) attributable to common stockholders	$	(2,891	)	$	(1,238	)	$	406	$	(1,978	)

Earnings per share - basic and diluted:
Net income (loss) from continuing operations	$	(0.08	)	$	(0.01	)	$	0.01	$	(0.12	)
Net income (loss) from discontinued operations		(0.03	)		(0.03	)		-		0.09
Net income (loss) attributable to common stockholders	$	(0.11	)	$	(0.04	)	$	0.01	$	(0.03	)

		2011
	Predecessor			Summit Hotel Properties, Inc.
	Period 1/1 through 2/13			Period 2/14 through 3/31			Second Quarter		Third Quarter			Fourth Quarter

Total revenues	$	14,142		$	18,105		$	36,815	$	40,033		$	33,568

Net income (loss) from continuing operations	$	(5,784	)	$	(1,683	)	$	474	$	(941	)	$	(2,956	)
Net income (loss) from discontinued operations	$	(423	)	$	69		$	130	$	982		$	(252	)
Net income (loss) attributable to common stockholders	$	(6,207	)	$	(1,178	)	$	441	$	30		$	(2,641	)

Earnings per share - basic and diluted:
Net income (loss) from continuing operations				$	(0.04	)	$	0.01	$	(0.01	)	$	(0.12	)
Net income (loss) from discontinued operations					-			0.01		0.01			0.02
Net income (loss) attributable to common stockholders				$	(0.04	)	$	0.02	$	-		$	(0.10	)

Summit Hotel OP, LP

Selected consolidated quarterly financial data for 2012 and 2011 follows (in thousands, except per unit):

	2012
	Summit OP, LP
	First Quarter			Second Quarter			Third Quarter		Fourth Quarter

Total revenues	$	40,102		$	47,213		$	50,804	$	51,423

Net income (loss) from continuing operations	$	(1,609	)	$	444		$	1,033	$	(3,495	)
Net income (loss) from discontinued operations	$	(1,196	)	$	(801	)	$	608	$	2,746
Net income (loss) attributable to common unit holders	$	(3,961	)	$	(1,513	)	$	485	$	(1,906	)

Earnings per unit - basic and diluted:
Net income (loss) from continuing operations	$	(0.08	)	$	(0.01	)	$	0.01	$	(0.12	)
Net income (loss) from discontinued operations		(0.03	)		(0.03	)		-		0.09
Net income (loss) attributable to common unit holders	$	(0.11	)	$	(0.04	)	$	0.01	$	(0.03	)

		2011
	Predecessor			Summit OP, LP
	Period 1/1 through 2/13			Period 2/14 through 3/31			Second Quarter		Third Quarter			Fourth Quarter

Total revenues	$	14,142		$	18,105		$	36,815	$	40,033		$	33,568

Net income (loss) from continuing operations	$	(5,784	)	$	(1,683	)	$	474	$	(941	)	$	(2,956	)
Net income (loss) from discontinued operations	$	(423	)	$	69		$	130	$	982		$	(252	)
Net income (loss) attributable to common unit holders	$	(6,207	)	$	(1,614	)	$	604	$	41		$	(3,619	)

Earnings per unit - basic and diluted:
Net income (loss) from continuing operations				$	(0.04	)	$	0.01	$	(0.01	)	$	(0.11	)
Net income (loss) from discontinued operations				$	-		$	0.01	$	0.01		$	0.01
Net income (loss) attributable to common unit holders				$	(0.04	)	$	0.02	$	-		$	(0.10	)

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

+ References+ Details