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 30 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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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 emissions. This reflects a slight increase from 2022, where total emissions were about 63,690,000 kg CO2e, with Scope 1 emissions at 17,118,000 kg CO2e and Scope 2 emissions at 46,572,000 kg CO2e. The company has not disclosed any Scope 3 emissions data, indicating a focus primarily on direct and indirect emissions from their operations. Notably, there are no specified reduction targets or climate pledges outlined in their sustainability initiatives, suggesting that while they are tracking emissions, they may not yet have formalised commitments to reduce their carbon footprint. Summit Hotel Properties has reported emissions intensity metrics, with approximately 5.8 kg CO2e per square foot and 16.0 kg CO2e per occupied room in 2023. These figures provide insight into their operational efficiency in relation to carbon emissions. Overall, while Summit Hotel Properties is actively monitoring its emissions, the absence of reduction targets highlights an area for potential improvement in their climate strategy.
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| 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 participating in any of the initiatives that 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.
