Summit Hotel Properties
Summit Hotel Properties, Inc., commonly referred to as Summit, is a prominent real estate investment trust (REIT) headquartered in the United States. Established in 2010, the company has rapidly expanded its footprint across major operational regions, focusing primarily on the hospitality industry. Summit is dedicated to acquiring, owning, and managing premium select-service hotels, which distinguishes it in a competitive market. With a diverse portfolio that includes well-known brands, Summit Hotel Properties emphasises high-quality guest experiences and operational efficiency. The company has achieved significant milestones, including strategic acquisitions that enhance its market position. Recognised for its commitment to sustainability and innovation, Summit continues to set benchmarks in the hospitality sector, making it a key player in the evolving landscape of hotel investments.
DitchCarbon Score
How does Summit Hotel Properties's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Hospitality industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Summit Hotel Properties's score of 23 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Summit Hotel Properties's reported carbon emissions
In 2023, Summit Hotel Properties reported total carbon emissions of approximately 62,783,000 kg CO2e, comprising 17,927,000 kg CO2e from Scope 1 and 44,857,000 kg CO2e from Scope 2. This represents a slight increase in emissions compared to 2022, where total emissions were about 63,690,000 kg CO2e, with Scope 1 at 17,118,000 kg CO2e and Scope 2 at 46,572,000 kg CO2e. Over the years, Summit Hotel Properties has demonstrated a commitment to reducing its carbon footprint. In 2021, the company achieved a total of approximately 64,080,000 kg CO2e, down from about 75,810,000 kg CO2e in 2019. This indicates a significant reduction in emissions over the period, particularly in Scope 2 emissions, which decreased from 59,097,000 kg CO2e in 2019 to 48,134,000 kg CO2e in 2021. Despite these reductions, there are currently no specific reduction targets or climate pledges disclosed by Summit Hotel Properties. The company continues to focus on improving its emissions intensity, with metrics such as 5.8 kg CO2e per square foot and 16.0 kg CO2e per occupied room reported in 2023. As the hospitality industry increasingly prioritises sustainability, Summit Hotel Properties is positioned to enhance its climate commitments and further reduce its environmental impact.
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Get Started| 2019 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 16,713,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 55,329,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Summit Hotel Properties is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
