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 62% 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, when emissions totalled 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 past three years, the company has demonstrated a commitment to reducing its carbon footprint, although specific reduction targets or initiatives have not been disclosed. The emissions intensity metrics indicate that in 2023, the emissions per occupied room were approximately 16.0 kg CO2e, while emissions per square foot were about 5.8 kg CO2e. These figures suggest a focus on improving operational efficiency within their properties. Summit Hotel Properties has not reported any Scope 3 emissions, which typically encompass indirect emissions from the value chain. The absence of specific reduction targets or commitments indicates that while the company is tracking its emissions, it may not yet have formalised a comprehensive climate strategy. Overall, Summit Hotel Properties is actively monitoring its carbon emissions, with a clear focus on Scope 1 and 2, but further transparency regarding reduction initiatives and long-term climate commitments would enhance its sustainability profile.
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| 2019 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 17,460,000 | 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.
