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.
-4 vs industry average
Summit Hotel Properties’s score of 21 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Hospitality has typical carbon intensity
Industry performance
The Hospitality industry has reduced its overall emissions by 22% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Summit Hotel Properties's reported carbon emissions
In 2024, Summit Hotel Properties reported total carbon emissions of approximately 60.5 million kg CO2e, comprising 17.3 million kg CO2e from Scope 1 and 43.2 million kg CO2e from Scope 2 emissions. This reflects a slight decrease from 2023, where total emissions were about 62.8 million kg CO2e, with Scope 1 at 17.9 million kg CO2e and Scope 2 at 44.9 million kg CO2e. The company has consistently disclosed emissions data for Scope 1 and Scope 2 but has not reported any Scope 3 emissions, indicating potential gaps in their overall emissions profile. Despite the absence of specific reduction targets or initiatives, Summit Hotel Properties is committed to improving its sustainability practices. The company has not cascaded any emissions reduction targets from parent organisations, and there are no documented climate pledges or SBTi targets at this time. The focus remains on transparency in emissions reporting, with a commitment to enhancing operational efficiency and reducing carbon footprints in the hospitality sector.
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Summit Hotel Properties’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Summit Hotel Properties yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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Summit Hotel Properties
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