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Summit Hotel Properties Inc

Common Name
Summit Hotel Properties
Country
United States
Sector
Real Estate
Industry
REIT - Hotel & Motel
Employees
85
Ticker
INN
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Summit Hotel Properties, Inc. is a real estate investment trust (REIT) specializing in owning premium-branded, select-service hotels across the United States. The company's primary function is to acqu...

Summit Hotel Properties's GHG Emissions Data Preview

In 2023, Summit Hotel Properties completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources) and Scope 2 (indirect emissions from purchased energy).

However, Summit Hotel Properties has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)202320222021
2020 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Unspecified Calculation Method
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Limited Data Preview
You are viewing a limited preview of Summit Hotel Properties’s GHG emissions dataset. The full dataset, available for download, includes Scope 1, 2, and 3 emissions with detailed category-level breakdowns, historical coverage back to 2019, and revenue-based intensity metrics for each scope.
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Verified Sources Behind Summit Hotel Properties’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Summit Hotel Properties’s data sources below and access millions more through our Disclosure Search.

a. Summit Hotel Properties's Corporate Responsibility Report (CRR) 2024
a. Summit Hotel Properties's Corporate Responsibility Report (CRR) 2024

Insights into Summit Hotel Properties's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Summit Hotel Properties amounted to 62,784 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Summit Hotel Properties decreased by 1.42%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a

Summit Hotel Properties's Scope 1 Emissions Over Time

2019202020212022202304.5 k9 k13.5 k18 ktCO2e-51%+96%+7%+5%
  • Total Scope 1
  • Year-over-Year Change

What are Summit Hotel Properties's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Summit Hotel Properties were 17,927 metric tons of CO₂ equivalent (tCO₂e).a

Has Summit Hotel Properties reduced its Scope 1 emissions over time?

Since 2019, Summit Hotel Properties's Scope 1 emissions have increased by 7.26%, reflecting a rising long-term trend in Scope 1 emissions over time.a

Compared to the previous year (2022), Summit Hotel Properties's Scope 1 emissions increased by 4.73%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a

What are Summit Hotel Properties's Scope 2 emissions?

In 2023, Summit Hotel Properties reported Scope 2 greenhouse gas (GHG) emissions of 44,857 tCO₂e using the market-based method.a

Has Summit Hotel Properties reduced its Scope 2 emissions over time?

Since 2019, Summit Hotel Properties's Scope 2 greenhouse gas (GHG) emissions (Market-Based) have decreased by 24.1%, reflecting a declining long-term trend in Scope 2 emissions over time.a

Compared to the previous year (2022), Summit Hotel Properties's Scope 2 emissions (Market-Based) have remained relatively stable, indicating that Summit Hotel Properties's emissions have plateaued with no significant change in its energy consumption footprint.a

What methodology does Summit Hotel Properties use for Scope 2 reporting?

In 2023, Summit Hotel Properties reported its Scope 2 emissions using the market-based method.a

Summit Hotel Properties's Scope 2 Emissions Over Time

20192020202120222023015 k30 k45 k60 ktCO2e
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Summit Hotel Properties’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Summit Hotel Properties reported Scope 1 greenhouse gas (GHG) emissions of 17,927 tCO₂e and total revenues of USD 736 millions. This translates into an emissions intensity of 24.35 tCO₂e per millions USD.a

Summit Hotel Properties's Scope 1 Emissions Intensity Compared to Peers

2501,00020,000200,000Scope 1 Emissions (tCO2e)1002001,0005,00010,000Revenues (Millions of USD)Park Hotels & ResortsYear: 2023Scope 1: 59,383 tCO2eRevenue: $M 2,698Scope 1 Intensity: 22.01 tCO2e/$MSunstone Hotel InvestorsYear: 2020Scope 1: 9,388 tCO2eRevenue: $M 268Scope 1 Intensity: 35.04 tCO2e/$MApple Hospitality REITYear: 2024Scope 1: 29,790 tCO2eRevenue: $M 1,431Scope 1 Intensity: 20.81 tCO2e/$MChatham Lodging TrustYear: 2023Scope 1: 6,208 tCO2eRevenue: $M 311Scope 1 Intensity: 19.96 tCO2e/$MPebblebrook Hotel TrustYear: 2024Scope 1: 25,205 tCO2eRevenue: $M 1,453Scope 1 Intensity: 17.34 tCO2e/$MHost Hotels & ResortsYear: 2024Scope 1: 92,608 tCO2eRevenue: $M 5,684Scope 1 Intensity: 16.29 tCO2e/$MSabra Health Care REITYear: 2024Scope 1: 6,694 tCO2eRevenue: $M 703Scope 1 Intensity: 9.52 tCO2e/$MOUTFRONT MediaYear: 2024Scope 1: 3,747 tCO2eRevenue: $M 1,831Scope 1 Intensity: 2.05 tCO2e/$MRayonierYear: 2024Scope 1: 557 tCO2eRevenue: $M 1,263Scope 1 Intensity: 0.44 tCO2e/$MHealthcare Realty TrustYear: 2024Scope 1: 23,063 tCO2eRevenue: $M 1,249Scope 1 Intensity: 18.46 tCO2e/$MMacerichYear: 2024Scope 1: 30,779 tCO2eRevenue: $M 918Scope 1 Intensity: 33.52 tCO2e/$MBrixmor Property GroupYear: 2023Scope 1: 3,414 tCO2eRevenue: $M 1,245Scope 1 Intensity: 2.74 tCO2e/$MEssex Property TrustYear: 2024Scope 1: 28,969 tCO2eRevenue: $M 1,774Scope 1 Intensity: 16.33 tCO2e/$MFederal RealtyYear: 2024Scope 1: 3,186 tCO2eRevenue: $M 1,202Scope 1 Intensity: 2.65 tCO2e/$MAnnaly Capital ManagementYear: 2024Scope 1: 4 tCO2eRevenue: $M 1,188Scope 1 Intensity: 0.00 tCO2e/$MRexford Industrial RealtyYear: 2024Scope 1: 21 tCO2eRevenue: $M 938Scope 1 Intensity: 0.02 tCO2e/$MUDRYear: 2024Scope 1: 15,933 tCO2eRevenue: $M 1,672Scope 1 Intensity: 9.53 tCO2e/$MAmerican Homes 4 RentYear: 2024Scope 1: 13,532 tCO2eRevenue: $M 1,729Scope 1 Intensity: 7.83 tCO2e/$MPotlatchdelticYear: 2024Scope 1: 45,000 tCO2eRevenue: $M 1,062Scope 1 Intensity: 42.37 tCO2e/$MVornado Realty TrustYear: 2024Scope 1: 22,586 tCO2eRevenue: $M 1,788Scope 1 Intensity: 12.63 tCO2e/$MXenia Hotels & ResortsYear: 2024Scope 1: 19,028 tCO2eRevenue: $M 1,039Scope 1 Intensity: 18.31 tCO2e/$MRyman Hospitality PropertiesYear: 2024Scope 1: 75,274 tCO2eRevenue: $M 2,339Scope 1 Intensity: 32.18 tCO2e/$MKite Realty Group TrustYear: 2024Scope 1: 2,617 tCO2eRevenue: $M 842Scope 1 Intensity: 3.11 tCO2e/$MSummit Hotel PropertiesYear: 2023Scope 1: 17,927 tCO2eRevenue: $M 736Scope 1 Intensity: 24.35 tCO2e/$M

How does Summit Hotel Properties's GHG emissions intensity compare to its peers?

In 2023, Summit Hotel Properties reported a Scope 1 emissions intensity of 24.35 tCO₂e per millions USD. Compared to the peer group median of 16.29, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a

Where does Summit Hotel Properties rank on GHG emissions intensity within its industry?

In 2023, Summit Hotel Properties ranked 20 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a

This places Summit Hotel Properties among the least efficient performers, with one of the highest emissions intensities in its sector.a

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