SUMMIT HOTEL PROPERTIES, INC / SUMMIT HOTEL OP, LP
Schedule III - Real Estate and Accumulated Depreciation
December 31, 2012
(in thousands)

			Initial Cost							Total Cost
Location	Franchise	Year Acquired/ Constructed	Land		Building & Improvements		Cost Capitalized Subsequent to Acquisition			Land		Building & Improvements		Total		Accumulated Depreciation			Total Cost Net of Accumulated Depreciation		Mortgage Debt
Arlington, TX	Courtyard by Marriott	2012	$	1,497	$	13,503	$	11		$	1,497	$	13,514	$	15,011	$	(274	)	$	14,737		-	(1)
Arlington, TX	Hyatt Place	2012		650		8,405		9			650		8,414		9,064		(166	)		8,898		-
Arlington, TX	Residence Inn by Marriott	2012		1,646		13,854		12			1,646		13,866		15,512		(266	)		15,246		-	(1)
Atlanta, GA	Courtyard by Marriott	2012		2,050		26,850		237			2,050		27,087		29,137		(928	)		28,209		18,699
Atlanta, GA	Hyatt Place	2006		1,154		9,605		3,046			1,154		12,651		13,805		(4,178	)		9,627		8,241
Baltimore, MD	Hyatt Place	2012		2,100		8,135		10			2,100		8,145		10,245		(133	)		10,112
Baton Rouge, LA	DoubleTree	2008		1,100		14,063		874			1,100		14,937		16,037		(3,679	)		12,358		10,434	(2)
Baton Rouge, LA	Fairfield Inn by Marriott	2004		345		3,057		2,238			345		5,295		5,640		(1,426	)		4,214		-	(1)
Baton Rouge, LA	SpringHill Suites by Marriott	2004		448		3,729		1,939			448		5,668		6,116		(1,732	)		4,384		-	(1)
Baton Rouge, LA	TownePlace Suites	2004		259		3,743		1,348			259		5,091		5,350		(1,839	)		3,511		-	(1)
Bellevue, WA	Fairfield Inn by Marriott	2004		2,705		12,944		3,247			2,705		16,191		18,896		(4,006	)		14,890		-	(1)
Birmingham, AL	Hilton Garden Inn	2012		1,400		10,100		140			1,400		10,240		11,640		(406	)		11,234		6,419
Birmingham, AL	Hilton Garden Inn	2012		1,400		7,225		903			1,400		8,128		9,528		(391	)		9,137		5,481
Bloomington, MN	SpringHill Suites by Marriott	2007		1,658		14,071		717			1,658		14,788		16,446		(3,871	)		12,575		2,193
Bloomington, MN	Hampton Inn	2007		1,658		14,596		106			1,658		14,702		16,360		(3,889	)		12,471		12,183
Boise, ID	Fairfield Inn by Marriott	2004		564		2,874		352			564		3,226		3,790		(1,112	)		2,678		-	(2)
Boise, ID	Hampton Inn	2004		597		3,295		1,340			1,335		3,897		5,232		(1,457	)		3,775		-	(1)
Boise, ID	Holiday Inn Express	2005		1,038		2,422		292			780		2,972		3,752		(1,168	)		2,584		1,237	(3)
Boise, ID	Holiday Inn	2007		1,934		10,968		-			781		12,121		12,902		(4,569	)		8,333		6,786	(4)
Charleston, WV	Country Inn & Suites	2004		1,042		3,489		539			1,042		4,028		5,070		(1,400	)		3,670		4,089	(3)
Charleston, WV	Holiday Inn Express	2004		907		2,903		2,177			907		5,080		5,987		(1,180	)		4,807		3,077	(3)
Denver, CO	Fairfield Inn by Marriott	2004		1,566		6,783		3,437			1,566		10,220		11,786		(2,398	)		9,388		-	(1)
Denver, CO	SpringHill Suites by Marriott	2007		1,076		11,079		48			1,076		11,127		12,203		(3,123	)		9,080		7,998	(2)
Denver, CO	Hampton Inn	2004		1,125		3,678		886			1,125		4,564		5,689		(2,225	)		3,464		2,029	(3)
Denver, CO	Hyatt Place	2012		2,000		9,515		30			2,000		9,545		11,545		(172	)		11,373
Denver, CO	Hyatt Place	2012		1,300		9,230		14			1,300		9,244		10,544		(169	)		10,375
Denver, CO	Hyatt House	2012		2,700		10,780		66			2,700		10,846		13,546		(211	)		13,335
Duluth, GA	Holiday Inn	2011		-		7,000		125			-		7,125		7,125		(536	)		6,589		-	(1)
Duluth, GA	Hilton Garden Inn	2011		2,200		11,150		663			2,200		11,813		14,013		(775	)		13,238		-	(1)
El Paso, TX	Courtyard by Marriott	2011		1,640		10,710		775			1,640		11,485		13,125		(638	)		12,487		-	(1)
El Paso, TX	Hampton Inn	2005		2,055		10,745		3,007			2,055		13,752		15,807		(3,442	)		12,365		10,555	(3)
Emporia, KS	Fairfield Inn by Marriott	2004		320		2,436		266			320		2,702		3,022		(978	)		2,044		-	(1)
Emporia, KS	Holiday Inn Express	2004		292		2,840		485			292		3,325		3,617		(1,113	)		2,504		-	(1)
Flagstaff, AZ	Courtyard by Marriott	2009		3,353		20,785		36			3,353		20,821		24,174		(3,526	)		20,648		14,144
Flagstaff, AZ	SpringHill Suites by Marriott	2008		1,398		9,352		4,895			1,398		14,247		15,645		(3,563	)		12,082		5,789	(3)
Ft. Collins, CO	Hampton Inn	2004		738		4,363		1,170			738		5,533		6,271		(1,561	)		4,710		-	(1)
Ft. Collins, CO	Hilton Garden Inn	2007		1,300		11,804		229			1,300		12,033		13,333		(4,143	)		9,190		4,449	(3)
Ft. Myers, FL	Hyatt Place	2009		3,608		16,583		33			3,608		16,616		20,224		(3,693	)		16,531		-
Ft. Smith, AR	AmericInn	2004		-		3,718		704			-		4,422		4,422		(1,381	)		3,041		-
Ft. Smith, AR	Aspen Hotel	2004		223		3,189		589			223		3,778		4,001		(1,710	)		2,291		1,417
Ft. Smith, AR	Hampton Inn	2005		-		12,401		1,436			-		13,837		13,837		(3,971	)		9,866		8,282	(3)
Ft. Wayne, IN	Hampton Inn	2006		786		6,564		1,995			786		8,559		9,345		(1,927	)		7,418		5,119	(3)
Ft. Wayne, IN	Residence Inn by Marriott	2006		914		6,736		745			914		7,481		8,395		(2,201	)		6,194		-	(1)
Ft. Worth, TX	Hampton Inn	2007		1,500		8,184		267			1,500		8,451		9,951		(2,617	)		7,334		5,308
Ft. Worth, TX	Hilton Garden Inn	2012		974		6,226		977			974		7,203		8,177		(74	)		8,103
Ft. Worth, TX	SpringHill Suites by Marriott	2004		553		2,698		3,043			553		5,741		6,294		(1,113	)		5,181		-
Garden City, NY	Hyatt Place	2012		4,200		26,800		-			4,200		26,800		31,000		-			31,000
Germantown, TN	Courtyard by Marriott	2005		1,860		5,448		1,612			1,860		7,060		8,920		(2,378	)		6,542		6,357
Germantown, TN	Fairfield Inn by Marriott	2005		767		2,700		553			767		3,253		4,020		(1,107	)		2,913		884	(3)
Germantown, TN	Residence Inn by Marriott	2005		1,083		5,200		810			1,083		6,010		7,093		(1,883	)		5,210		2,438	(3)
Glendale, CO	Staybridge Suites	2011		2,100		7,900		1,066			2,100		8,966		11,066		(732	)		10,334		-	(1)
Golden, CO	Fairfield Inn by Marriott	2004		521		2,433		353			521		2,786		3,307		(1,014	)		2,293		-	(1)
Golden, CO	AmericInn	2004		547		2,416		242			547		2,658		3,205		(914	)		2,291		-	(1)
Jackson, MS	Courtyard by Marriott	2005		1,301		7,322		2,454			1,301		9,776		11,077		(2,506	)		8,571		8,306
Jackson, MS	Staybridge Suites	2007		698		8,454		1,465			698		9,919		10,617		(1,826	)		8,791		3,443	(3)
Jacksonville, FL	Aloft	2009		1,700		15,775		64			1,700		15,839		17,539		(3,260	)		14,279		-	(2)
Las Colinas, TX	Hyatt Place	2007		781		5,729		1,832			781		7,561		8,342		(3,177	)		5,165		-	(2)
Las Colinas, TX	Holiday Inn Express	2007		912		6,689		1,636			898		8,339		9,237		(3,117	)		6,120		-
Lewisville, TX	Fairfield Inn by Marriott	2004		465		2,954		549			465		3,503		3,968		(1,280	)		2,688		750	(3)
Lithia Springs, GA	SpringHill Suites by Marriott	2004		480		3,572		651			480		4,223		4,703		(1,647	)		3,056		-	(4)
Little Rock, AR	SpringHill Suites by Marriott	2004		879		3,431		625			879		4,056		4,935		(1,594	)		3,341		-	(1)
Lombard, IL	Hyatt Place	2012		1,550		15,475		10			1,550		15,485		17,035		(217	)		16,818
Medford, OR	Hampton Inn	2004		1,230		4,788		689			1,230		5,477		6,707		(1,843	)		4,864		-	(1)
Memphis, TN	Courtyard by Marriott	2005		686		5,814		241			546		6,195		6,741		(2,079	)		4,662		-
Nashville, TN	SpringHill Suites by Marriott	2004		777		3,576		1,809			777		5,385		6,162		(1,690	)		4,472		-	(1)
Phoenix, AZ	Hyatt Place	2012		582		4,438		13			582		4,451		5,033		(77	)		4,956
Portland, OR	Hyatt Place	2009		-		16,713		30			-		16,743		16,743		(3,404	)		13,339		8,778
Portland, OR	Residence Inn by Marriott	2009		-		16,409		14			-		16,423		16,423		(3,087	)		13,336		12,283
Provo, UT	Hampton Inn	2004		909		2,862		2,074			909		4,936		5,845		(1,134	)		4,711		-	(1)
Ridgeland, MS	Homewood Suites	2011		1,314		6,036		1,265			1,314		7,301		8,615		(491	)		8,124		-	(1)
Ridgeland, MS	Residence Inn by Marriott	2007		1,050		10,040		35			1,050		10,075		11,125		(3,367	)		7,758		7,927	(3)
Salina, KS	AmericInn	2004		984		1,650		407			984		2,057		3,041		(683	)		2,358		-	(1)
Salina, KS	Fairfield Inn by Marriott	2004		499		1,744		321			499		2,065		2,564		(777	)		1,787		-	(1)
Salt Lake City, UT	Residence Inn by Marriott	2012		2,392		17,567		-			2,392		17,567		19,959		-			19,959		14,059
San Antonio, TX	Country Inn & Suites	2008		2,497		12,833		408			2,497		13,241		15,738		(3,471	)		12,267		10,568	(2)
Sandy, UT	Holiday Inn Express	2004		720		1,768		1,564			720		3,332		4,052		(1,022	)		3,030		4,034	(3)
Scottsdale, AZ	Courtyard by Marriott	2004		3,225		10,152		3,147			3,225		13,299		16,524		(3,683	)		12,841		9,653
Scottsdale, AZ	Hyatt Place	2012		1,500		9,030		36			1,500		9,066		10,566		(166	)		10,400
Scottsdale, AZ	SpringHill Suites by Marriott	2004		2,195		7,120		2,939			2,195		10,059		12,254		(2,686	)		9,568		5,198
Smyrna, TN	Hampton Inn	2012		1,145		6,855		20			1,145		6,875		8,020		(153	)		7,867		5,341
Smyrna, TN	Hilton Garden Inn	2012		1,188		10,312		147			1,188		10,459		11,647		(234	)		11,413		8,593
Spokane, WA	Fairfield Inn by Marriott	2004		1,637		3,669		2,577			1,637		6,246		7,883		(1,779	)		6,104		-	(1)
Vernon Hills, IL	Holiday Inn Express	2005		1,198		6,099		1,192			1,198		7,291		8,489		(2,391	)		6,098		2,072	(3)
Yrbor City, FL	Hampton Inn	2012		3,600		17,244		-			3,600		17,244		20,844		-			20,844
Austin, TX	Corporate Office	2012		-		210		-			-		210		210		(8	)		202
Land Parcels				19,911		-		(1,564	)		18,347		-		18,347		-			18,347		-
			$	126,856	$	697,607	$	76,744		$	124,465	$	776,742	$	901,207	$	(146,207	)	$	755,000	$	254,613
Draw on secured revolving credit facility																						58,000	(1)
																					$	312,613

(1)	Property is collateral for our draw on secured revolving credit facility.
(2)	In addition to the DoubleTree in Baton Rouge LA, SpringHill Suites in Denver CO and Country Inn & Suites in San Antonio TX; the Fairfield Inn in Boise ID, Aloft in Jacksonville FL and Hyatt Place in Las Colinas TX are collateral for the GE Capital Corp loans.
(3)	Property is collateral for the ING Life Insurance and Annuity loan.
(4)	In addition to the Holiday Inn in Boise ID; the Springhill Suites in Lithia Springs GA is collateral for the MetaBank loan.

SUMMIT HOTEL PROPERTIES, INC. / SUMMIT HOTEL OP, LP
Notes to Schedule III - Real Estate and Accumulated Depreciation
As of December 31, 2012
(in thousands)

	ASSET BASIS	Total
( a )	Balance at January 1, 2010	$	574,602
	Additions to land, buildings and improvements		2,770
	Disposition of land, buildings and improvements		(89	)
	Impairment loss		(6,476	)
	Balance at December 31, 2010	$	570,807
	Additions to land, buildings and improvements		79,901
	Disposition of land, buildings and improvements		(5,369	)
	Balance at December 31, 2011	$	645,339
	Additions to land, buildings and improvements		294,310
	Disposition of land, buildings and improvements		(35,477	)
	Impairment loss		(2,965	)
	Balance at December 31, 2012	$	901,207


	ACCUMULATED DEPRECIATION	Total
( b )	Balance at January 1, 2010	$	79,608
	Depreciation for the period ended December 31, 2010		25,235
	Depreciation on assets sold or disposed		(46	)
	Balance at December 31, 2010	$	104,797
	Depreciation for the period ended December 31, 2011		26,740
	Depreciation on assets sold or disposed		(5,369	)
	Balance at December 31, 2011	$	126,168
	Depreciation for the period ended December 31, 2012		31,732
	Depreciation on assets sold or disposed		(11,693	)
	Balance at December 31, 2012	$	146,207


( c )	The aggregrate cost of land, buildings, furniture and equipment for Federal income tax purposes is aproximately $898 million.

( d )	Depreciation is computed based upon the following useful lives:
	Buildings and improvements 25-40 years
	Furniture and equipment 2-15 years

( e )	We have mortgages payable on the properties as noted. Additional mortgage information can be found in Note 11
	to the consoldiated financial statements.

( f )	The negative balance for costs capitalized subsequent to acquisition could include out-parcels sold, disposal of assets, and
	impairment loss that was recorded.