As previously reported, on October 5, 2012, Summit Hotel Properties, Inc. (the "Company") purchased from affiliates of Hyatt Hotels Corporation ("Hyatt"), a portfolio of eight hotels containing an aggregate of 1,043 guestrooms (the "Initial Hyatt Hotels") for $87.4 million. The Company has subsequently entered into an agreement to purchase from affiliates of Hyatt an additional three hotels containing an aggregate of 426 guestrooms (the "Additional Hyatt Hotels") for a purchase price of $36.1 million, and the acquisition of the Additional Hyatt Hotels has become profitable. Collectively, the Initial Hyatt Hotels and the Additional Hyatt Hotels are referred to as the "Hyatt 11 Portfolio."

The Company and Summit Hotel OP, LP (the "Operating Partnership") are filing this Current Report on Form 8-K to provide the audited and unaudited historical financial statements for the Hyatt 11 Portfolio referred to below and the unaudited pro forma financial statements for the Company and the Operating Partnership referred to below.

Forward-Looking Statements

This Current Report on Form 8-K contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements are based upon the Company's and the Operating Partnership's expectations, but these statements are not guaranteed to occur. Investors should not place undue reliance upon forward-looking statements.

(a) Financial Statements of Business Acquired.

Hyatt 11 Portfolio:

Independent Auditors' Report

Combined Balance Sheets as of September 30, 2012 (unaudited) and December 31, 2011

Combined Statements of Operations for the nine months ended September 30, 2012 and 2011 (unaudited) and the year ended December 31, 2011

Combined Statements of Owners' Equity in Hotels for the nine months ended September 30, 2012 (unaudited) and the year ended December 31, 2011

Combined Statements of Cash Flows for the nine months ended September 30, 2012 and 2011 (unaudited) and the year ended December 31, 2011

Notes to Combined Financial Statements

(b) Pro Forma Financial Information.

Summit Hotel Properties, Inc.:

Unaudited Pro Forma Consolidated Balance Sheet as of September 30, 2012

Unaudited Pro Forma Consolidated Statement of Operations for the nine months ended September 30, 2012

Unaudited Pro Forma Consolidated Statement of Operations for the year ended December 31, 2011

Summit Hotel OP, LP:

Unaudited Pro Forma Consolidated Balance Sheet as of September 30, 2012

Unaudited Pro Forma Consolidated Statement of Operations for the nine months ended September 30, 2012

Unaudited Pro Forma Consolidated Statement of Operations for the year ended
December 31, 2011



(d)      Exhibits.



Exhibit
Number    Exhibit Description
23.1      Consent of KPMG LLP.