SUMMIT HOTEL PROPERTIES - Key Persons

Job Titles:

• SVP - Finance & Capital Markets

Job Titles:

• Independent Director
• Member of the Board of Directors
• Co - CEO of PS

Ms. Belouizdad is currently the Co-CEO of PS (formerly The Private Suite), a high growth private equity backed company that operates private airport terminals for commercial flights. In the twelve months after she joined PS, the company doubled revenues through an overhaul of commercial strategy including marketing, pricing, product and partnerships. Prior to joining PS, she was a Senior Director at Lionstone Investments, where she executed on over $1 billion in transactions in multiple real estate classes across the United States. Previously, she spent six years living and working in China where she was Director at China's first boutique hotel brand, overseeing its development and growth. Mr. Belouizdad is originally from Algeria and has lived in the UAE, Canada, China and the United States. She speaks five languages and graduated from McGill University (Montreal, QC) with a Bachelor of Commerce, Major in Finance and received her MBA, Major in Finance and Real Estate from The Wharton School of the University of Pennsylvania.

Job Titles:

• EXECUTIVE VICE PRESIDENT, GENERAL COUNSEL, CHIEF RISK OFFICER and SECRETARY

Mr. Eng serves as our Executive Vice President, General Counsel, Chief Risk Officer and Secretary. In his role, Mr. Eng is responsible for managing the Company's legal affairs and providing legal support for the Company's operations on a day-to-day basis. Previously, Mr. Eng served as Vice President, General Counsel and Secretary of the Company's predecessor organizations where he was responsible for corporate compliance, focusing on real estate acquisitions and dispositions, franchise licensing, corporate insurance coverage, corporate governance and securities industry regulatory compliance. Mr. Eng earned his B.A. degree from Augustana College (S.D.) and his J.D. degree from the University of Denver College of Law.

Job Titles:

• Independent Director
• Member of the Board of Directors

Dr. Hanson has been a member of the Board since the completion of our initial public offering, or IPO, in February 2011. Dr. Hanson served as our Lead Independent Director from June 2015 to January 2017. Dr. Hanson has worked in the hospitality industry for more than 40 years and has been involved in consulting and investment banking in the lodging sector. He joined the New York University School of Professional Studies in June 2008 as a clinical professor teaching in the school ™s graduate and undergraduate hospitality and tourism programs and directing applied research projects. In 2010, he was appointed as the divisional dean of that school ™s Preston Robert Tisch Center for Hospitality, Tourism, and Sports Management, which he served as until returning to his full time faculty role in 2014. Before joining the Tisch Center, Dr. Hanson was a partner with PricewaterhouseCoopers LLP and its predecessor, Coopers & Lybrand LLP, which he joined in 1989. Dr. Hanson founded the hospitality, sports, convention and leisure practice and held various positions at PricewaterhouseCoopers and Coopers & Lybrand, including National Industry Chairman for the Hospitality Industries, National Service Line Director for Hospitality Consulting, National Industry Chairman for Real Estate, Real Estate Service Line Director and National Director of Appraisal Services. Additionally, he served on the U.S. leadership committee and global financial advisory services management committee of PricewaterhouseCoopers. Dr. Hanson was also managing director with two Wall Street firms, Kidder, Peabody & Co. and PaineWebber Inc., for which he led banking and research departments for lodging and gaming. Dr. Hanson received a B.S. from Cornell University School of Hotel Administration, an M.B.A. from Fordham University and a Ph.D. from New York University.

Job Titles:

• Member of the Board of Directors
• CEO of ELY Capital
• Independent Director and Chair of Nominating and Corporate Governance Committee

Ms. Taitz has been a member of the Board since July 2017. Ms. Taitz is currently the CEO of ELY Capital and invests and advises innovative companies in media, technology and the consumer industries. Prior to ELY, Ms. Taitz was the founder of Catalyst Partners, an investment management firm. After graduating with honors from the University of Pennsylvania majoring in economics and concentrating in marketing, Ms. Taitz began her investment banking career as a mergers and acquisitions analyst at Drexel Burnham Lambert, first as an analyst and then as an associate. Ms. Taitz continued as a Vice President at The Argosy Group (now part of CIBC) and a Managing Director at Crystal Asset Management. Ms. Taitz currently sits on the Boards of Athene Holding Ltd. ( œATH ) and MidCap Finco Holdings Limited, and previously served on the Boards of Apollo Residential Mortgage, Inc. ( œAMTG ), Diamond Resorts International Inc. ( œDRII ), Greenlight Capital RE, Ltd. ( œGLRE ), as well as Lumenis Ltd. ( œLMNS ). On the not for profit side, Ms. Taitz focuses on education and is an advocate for STEM. Originally sitting on the Board of Girls Who Code, she now is a board member on The New York City Foundation for Computer Science working on CS4All and the 2025 STEM Initiative. Ms. Taitz is also a founding board member of YRFDarca, a member of the Wharton School Undergraduate Executive Board as well as a member of the Center for Social Innovation, and an emeritus board member of Pencils of Promise.

Job Titles:

• Member of the Board of Directors
• Chairman of the Board and Chair of Audit Committee

Mr. Jones has been a member of the Board since July 2014 and became Chairman of the Board effective January 2022. Mr. Jones has also been the Chairman of the Audit Committee since 2015. From 2003 to 2012, Mr. Jones served as the Chief Financial Officer for Vail Resorts, Inc. (NYSE: MTN), a publicly held resort management company, and also served as a member of the Board of Directors of Vail Resorts, Inc. from 2008 through 2012. In addition, later in his tenure at Vail Resorts, Inc., Mr. Jones served as President - Lodging, Retail and Real Estate. Mr. Jones is also currently Chairman of the Board of Directors, chairs the audit committee and is a member of the compensation committee for Noodles & Company (NASDAQ: NDLS), a publicly held fast-casual restaurant chain. Mr. Jones also serves on the Board of Directors, is the Lead Independent Director, chairs the audit and finance committee and is a member of the compensation committee of Hershey Entertainment and Resorts, a privately held entertainment and hospitality company. Mr. Jones also serves on the Board of Directors of ClubCorp, a privately held hospitality company. He is also a member of the US Bank Advisory Board. Prior to joining Vail Resorts, Inc., Mr. Jones held chief financial officer positions with Clark Retail Enterprises and Lids Corporation. Mr. Jones received a BA in Accounting and American Studies from Mercyhurst College n/k/a Mercyhurst University and is a member of the American Institute of Certified Public Accountants (AICPA).

Job Titles:

• CHIEF EXECUTIVE OFFICER
• Member of the Board of Directors
• PRESIDENT

Mr. Stanner is our President and Chief Executive Officer and is a member of the Company's Board of Directors. Mr. Stanner joined Summit Hotel Properties in April 2017 as the Company's Executive Vice President and Chief Investment Officer. In March 2018, he became the Company's Executive Vice President and Chief Financial Officer. Prior to joining Summit, Mr. Stanner was Chief Executive Officer at Strategic Hotels & Resorts, a former NYSE-listed company acquired by an affiliate of The Blackstone Group in 2015. During his tenure at Strategic Hotels & Resorts from 2005 to 2015, Mr. Stanner also held various other senior positions with the company, including Chief Financial Officer, Senior Vice President - Capital Markets, Acquisitions, and Treasurer and Director of Corporate Finance. Prior to his time at Strategic Hotels, Mr. Stanner was an investment banking analyst for Banc of America Securities. Mr. Stanner holds both a B.S. in Management and an MBA from the Krannert School of Management at Purdue University.

Job Titles:

• Member of the Board of Directors
• Chief Financial Officer of MGM Holdings, Inc
• Independent Director and Chair of Compensation Committee

Mr. Kay has been a member of the Board since July 2014. Mr. Kay is currently the Chief Financial Officer of MGM Holdings, Inc. (the parent company of Metro-Goldwyn-Mayer, Inc.), a leading entertainment company focused on the production and global distribution of film and television content. Mr. Kay is also a Managing Director of Raven LLC, an investment and advisory services firm located in Las Vegas, Nevada, a position he has held since co-founding the firm in 2012. Raven LLC provides debt and equity capital and management consulting and advisory services to small and medium sized businesses. Previously, Mr. Kay held the position of Chief Financial Officer of Las Vegas Sands Corp. ( œLas Vegas Sands ) (NYSE: LVS) from December 2008 to July 2013, where he was responsible for all worldwide financial, planning, procurement, technology and risk aspects of the company. Prior to working for Las Vegas Sands, Mr. Kay was Senior Executive Vice President and Chief Financial Officer of CB Richard Ellis Group, Inc. ( œCBRE ) (NYSE: CBG), a global commercial real estate services firm, from June 2002 to December 2008. Mr. Kay began his career with PricewaterhouseCoopers, primarily focusing his efforts on large, publicly owned multinational companies. After leaving public accounting, his career included senior financial and operational roles at Ameron International, Systemed Inc., Universal Studios and, just prior to CBRE, as Chief Financial Officer of Dole Food Company, Inc. (formerly NYSE: DOLE). Mr. Kay is a member of the Board of Governors of Cedars Sinai Medical Center and The Board of Advisors of the USC Leventhal School of Accounting. Mr. Kay received a B.S. degree in accounting and an M.B.A. degree from the University of Southern California. Mr. Kay is a Chartered Global Management Accountant, a Certified Public Accountant and a member of the American Institute of Certified Public Accountants.

Job Titles:

• Independent Director
• Member of the Board of Directors

Mr. Patel joined the Board in January 2022 upon the completion of the Company ™s acquisition of a 27-property portfolio from NewcrestImage. He has been Chairman and CEO of privately-owned NewcrestImage since the Dallas-based firm was formed in early 2013 to harness the unique skills and synergies of Newcrest Management and Image Hospitality. From 2013 " 2014, Mr. Patel served as the youngest chairman in the history of the Asian American Hotel Owners Association (AAHOA), which is among the country ™s most influential hospitality trade associations with almost 20,000 members in 2022 that collectively own 60 percent of the hotels in the U.S. He continues to be actively involved in hotel industry leadership roles, serving on the influential brand councils of AC Hotels for Marriott International; Hyatt Place and Hyatt House for Hyatt Hotels Corporation; and Hampton Inn & Suites for Hilton Worldwide. Currently, he also serves on the Board of Directors of American Bank, a community bank located in North Dallas with almost $210 million in assets, and on the CEO Advisory Board of Aimbridge Hospitality, whose portfolio includes more than 1,500 properties in 49 states and 20 countries. Mr. Patel has previously served on the La Quinta Brand Council and the IHG Owners Association. Born in India, he immigrated to the U.S. at age 14 and went on to earn a degree in computer information systems at the University of Texas at Arlington.

Job Titles:

• CHIEF ACCOUNTING OFFICER
• SENIOR VICE PRESIDENT

Mr. Ruiz joined Summit Hotel Properties in April 2014 and currently serves as our Senior Vice President and Chief Accounting Officer. Mr. Ruiz also served as the Company's interim Chief Financial Officer from May 2014 to October 2014. Mr. Ruiz brings over 25 years of expertise in finance and accounting, business strategy, organizational operations, manufacturing and logistics, information systems and technology, private and public debt and equity transactions, mergers and acquisitions, international expansion and operations, management of hyper-growth, divestitures and restructuring activities, and business transformations. Mr. Ruiz has previously served in senior executive financial, accounting and operational roles such as Chief Financial Officer, Chief Operating Officer and Chief Accounting Officer for companies in a variety of industries, including real estate and technology. Immediately prior to joining the Company, Mr. Ruiz was the Senior Director of Global Corporate Accounting for Freescale Semiconductor, Inc. (now NXP), a global leader in semiconductors. He began his career with PricewaterhouseCoopers where he was an audit manager providing audit and business advisory services to entrepreneurial, rapidly growing and Fortune 500 companies. Mr. Ruiz is a Certified Public Accountant and holds a BBA in Accounting with highest honors from The University of Texas at Austin and an MBA with highest honors from the Hankamer School of Business at Baylor University.

Job Titles:

• Independent Director
• Member of the Board of Directors

Mr. Storey has been a member of the Board since the completion of our IPO in February 2011. Mr. Storey served as our Non-Executive Chairman of the Board from July 2015 until January 2017. Mr. Storey has worked in the hospitality industry for more than 30 years. From 1999 to 2013 he was employed by Fairmont Raffles Hotels International ( œFRHI ), a leading global hotel company with over 125 hotels worldwide under the Fairmont, Raffles and Swissôtel brands, in various roles including; President Fairmont Hotels and Resorts, Executive Vice President, Business Strategy and Executive Vice President, Global Development. From 1984 to 1999, Mr. Storey worked for multiple hospitality companies in an executive capacity including Marriott Hotels and Resorts, Doubletree Hotels, Promus Hotels and Radisson Hotels, International. Mr. Storey has been a member of various hospitality industry organizations, including the American Hotel & Lodging Association, the Travel Industry Association of America, and Professional Conference and Meeting Planners. He previously served on multiple public and private boards including Candlewood Hotels, Legacy Hotels Real Estate Investment Trust, Travelclick, LLC and the Wall Street Institute. Mr. Storey received a B.A. in economics from Bates College and an M.B.A. from the Johnson School at Cornell University.