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Procaccianti Hotel REIT, Inc. files its annual report describing a focused hotel portfolio and REIT structure. As of December 31, 2025, it owned interests in five select-service hotels across four states with 559 rooms, financed by mortgage debt and prior equity offerings.
The company reports net asset value of $59,193,384 as of March 31, 2025, supporting an Estimated Per Share NAV of $10.17 for Class K and Class K‑I, $7.14 for Class A and $0.00 for Class B. Total outstanding indebtedness was $67,408,843 as of year-end 2025, within its charter leverage limits.
For 2025, net income was $1,537,203, funds from operations were $5,014,790 and net cash provided by operations was $6,110,733. The REIT paid all quarterly distributions on K, K‑I and K‑T shares from hotel operating cash flow and also paid $2,388,072 of accrued A‑share distributions using refinancing proceeds. The filing highlights significant risks, including hotel sector cyclicality, illiquidity of shares, reliance on external advisor PHA and affiliated property managers, high competition, regulatory and environmental exposure, and concentration in the hospitality sector and Traverse City, Michigan.
Procaccianti Hotel REIT, Inc. reports that its share repurchase capacity for the quarter ended December 31, 2025 has been constrained by its Funding Limitation. Under its share repurchase program, buybacks are limited by both a 5% annual cap and available net proceeds from its distribution reinvestment plan.
Because DRIP proceeds were insufficient, the board determined that not all fourth-quarter repurchase requests could be met. Requests tied to deceased stockholders will be repurchased in full, while there were no qualifying disability or small-account requests. All remaining repurchase requests will be filled on a pro rata basis at approximately 3.6% of the shares requested, meaning most investors will see only a small portion of their requested shares repurchased this quarter.
Procaccianti Hotel REIT, Inc. reported that its board authorized payment of previously accrued distributions on its Class K and Class K-I common stock for the quarter ended December 31, 2025. Accrued amounts total $681,398 for Class K shares and $252,796 for Class K-I shares, based on daily accruals of $0.001917808 per share at a 7% annual rate.
The board also approved payment of accrued distributions on Class K OP Units held by affiliate sellers of the Hilton Garden Inn property. These Class K OP Unit distributions total $22,606, accrued at $0.001917808 per unit per day, also reflecting a 7% annual rate.
Procaccianti Hotel REIT, Inc. filed a current report to update the investor suitability standards in its prospectus for Alabama residents participating in its distribution reinvestment plan. The change becomes effective after the close of business on February 2, 2026.
Under the new Alabama standard, an investor must either have a minimum net worth of $350,000 (excluding home, furnishings, and automobiles), or a minimum net worth of $100,000 and minimum annual gross income of $100,000. In addition, an Alabama investor’s aggregate investment in this REIT and other non-traded direct participation programs is limited to 10% of liquid net worth, with specific exceptions.
Procaccianti Hotel REIT, Inc. director Ronald S. Ohsberg reported receiving an equity grant of Class K common stock. On 01/19/2026 he was awarded 250 restricted shares at a stated price of $0 per share under the company’s long-term incentive plan, increasing his beneficial ownership to 2,250 Class K shares held directly. The restricted shares vest in four equal annual installments of 25% each, beginning on the first anniversary of the grant date. The award will fully vest earlier if his board service ends because of death or disability, or if there is a change in control of the company.
Procaccianti Hotel REIT, Inc. director equity grant reported
Director Thomas R. Engel reported receiving 250 restricted shares of Procaccianti Hotel REIT, Inc. Class K common stock on 01/19/2026. This was an acquisition at a stated price of $0 per share under the company’s long-term incentive plan, bringing his directly held Class K common stock to 2,250 shares following the transaction.
The restricted shares vest in four equal annual installments of 25% each, starting on the first anniversary of the grant date. The award will become fully vested earlier if Mr. Engel’s service as a director ends because of death or disability, or if there is a change in control of the company.
Procaccianti Hotel REIT, Inc. director Aubin Lawrence reported receiving an equity grant of Class K common stock. On 01/19/2026, he was awarded 250 restricted shares at a price of $0 per share under the company’s long-term incentive plan, increasing his directly held stake to 2,250 Class K shares.
The restricted shares vest in equal annual installments over four years, beginning on the first anniversary of the grant date, with 25% vesting each year. The grant also includes accelerated vesting provisions so that all unvested shares become fully vested if his service as a director ends due to death or disability, or if there is a change in control of the company.
Procaccianti Hotel REIT, Inc. entered into a Second Amended and Restated Advisory Agreement with its operating partnership and external advisor after stockholder approval on January 19, 2026. The revised agreement removes the prior August 13, 2026 deadline after which the asset management fee to the advisor would have stopped accruing, and also removes the same date as the cutoff for interest accruing on deferred acquisition and deferred disposition fees.
On the same day, the company held its 2025 annual stockholder meeting, where a quorum was reached with 2,970,009.37 common shares present out of 5,868,525 outstanding. Five directors were elected, and the updated advisory agreement was approved with 2,404,923.12 votes for, 315,236.07 against, and 249,850.18 abstentions.
Procaccianti Hotel REIT, Inc. reported that its 2025 annual meeting of stockholders, convened on December 19, 2025, did not have enough common shares present or represented by proxy to reach a quorum. Because of this, the meeting was adjourned without any business being conducted.
The meeting is scheduled to reconvene at the company’s Cranston, Rhode Island offices on January 19, 2026, at 10:00 a.m. Eastern Time, using the same October 14, 2025 record date to determine who is eligible to vote. Proxies already submitted will be used at the reconvened meeting unless revoked, and the proposals and proxy materials remain unchanged.
Procaccianti Hotel REIT, Inc. (PRXA) announced that its share repurchase activity for the quarter ended September 30, 2025 will be limited under its Amended and Restated Share Repurchase Program. The program caps repurchases at 5.0% of the weighted average shares of its Class K, Class K-1, and Class K-T common stock over the prior 12 months and restricts funding to net proceeds from its distribution reinvestment plan and any additional operating funds approved by the board.
On November 24, 2025, the board determined that available funding was not sufficient to meet all repurchase requests for this quarter. Requests from deceased stockholders will be honored in full, there were no requests in the disability or small-account priority categories, and all remaining repurchase requests will be filled on a prorated basis at approximately 4.6% of the shares requested, with unfilled amounts carried forward to future periods unless withdrawn.