Procaccianti Hotel REIT Files 8-K

TL;DR

Procaccianti Hotel REIT filed an 8-K for 'Other Events' on Jan 14, 2025. Check for details.

AI Summary

Procaccianti Hotel REIT, Inc. announced on January 14, 2025, that it is filing a Form 8-K. The filing pertains to "Other Events" and does not specify any new material information beyond the act of filing itself. The company is incorporated in Maryland and its principal executive offices are located in Cranston, Rhode Island.

Why It Matters

This filing indicates Procaccianti Hotel REIT, Inc. is reporting an event under the 'Other Events' category, which could signal a variety of corporate actions or disclosures. Investors should review the full filing for specifics.

Risk Assessment

Risk Level: low — The filing is a standard procedural disclosure (8-K for 'Other Events') without immediate, specific negative or positive financial information, thus posing low immediate risk.

Key Players & Entities

• PROCACCIANTI HOTEL REIT, INC. (company) — Registrant
• Maryland (jurisdiction) — State of incorporation
• Cranston, Rhode Island (location) — Principal executive offices
• January 14, 2025 (date) — Date of report

FAQ

Key Financial Figures

• $684,393 — tstanding since September 30, 2024, was $684,393 and $245,671, respectively (the "K Shar
• $245,671 — ce September 30, 2024, was $684,393 and $245,671, respectively (the "K Share Accrual" an
• $0.0019125683 — "K-I Share Accrual," respectively), or $0.0019125683 per K Share per day and $0.0019125683 p
• $22,544 — P Units through September 30, 2024, was $22,544 (the "Class K OP Unit Accrual"), or $0.

Filing Documents

• tm253310d1_8k.htm (8-K) — 26KB
• 0001104659-25-003429.txt ( ) — 188KB
• tmb-20250114.xsd (EX-101.SCH) — 3KB
• tmb-20250114_lab.xml (EX-101.LAB) — 33KB
• tmb-20250114_pre.xml (EX-101.PRE) — 22KB
• tm253310d1_8k_htm.xml (XML) — 3KB

01 Other Events

Item 8.01 Other Events. Payment of Distributions On January 14, 2025, the board of directors (the "Board") of Procaccianti Hotel REIT, Inc. (the "Company") (i) authorized the payment of distributions out of legally available funds with respect to each share of Class K common stock ("K Share") and Class K-I common stock ("K-I Share") outstanding as of December 31, 2024 (the "Common Stock Distributions") to the holders of record of K Shares and K-I Shares and (ii) on behalf of the Company as the general partner of Procaccianti Hotel REIT, L.P., the Company's operating partnership (the "Operating Partnership"), authorized distributions out of legally available funds (the "Class K OP Unit Distributions") with respect to each unit of Class K limited partnership interest in the Operating Partnership (the "Class K OP Units") held by individuals with direct or indirect interests in the seller of the Hilton Garden Inn hotel property (the "Property") who are direct or indirect owners of Procaccianti Companies, Inc., the sponsor of the Company, and Procaccianti Hotel Advisors, LLC, the external advisor to the Company (the "Affiliate Sellers"). Common Stock Distributions With respect to the K Shares and K-I Shares outstanding as of and during the quarter ended December 31, 2024, the cumulative amount of distributions that had accrued on a daily basis with respect to each K Share and K-I Share outstanding since September 30, 2024, was $684,393 and $245,671, respectively (the "K Share Accrual" and the "K-I Share Accrual," respectively), or $0.0019125683 per K Share per day and $0.0019125683 per K-I Share per day, , which reflects an accrual rate of seven percent per annum for each share class under the Company's charter. The Board authorized the payment of distributions in an aggregate amount equal to the K Share Accrual and K-I Share Accrual. Class K OP Unit Distributions With respect to the Class K OP Units held by the Affiliate Sellers of the Property that were outst

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized. PROCACCIANTI HOTEL REIT, INC. Date: January 14, 2025 By: /s/ Gregory Vickowski Gregory Vickowski Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR