Procaccianti Hotel REIT (PRXA) clears $0.0019 daily Class K payouts

Rhea-AI Filing Summary

Procaccianti Hotel REIT, Inc. authorized payment of accrued distributions on its Class K and Class K-I common stock and related operating partnership units. For the quarter ended March 31, 2026, accrued distributions totaled $665,355 for Class K shares and $248,516 for Class K-I shares, based on 7% per annum.

These amounts reflect daily accruals of $0.001917808 per Class K share and per Class K-I share under the company’s charter. The board also approved payment of $22,115 of accrued distributions on Class K OP Units held by affiliate sellers of the Hilton Garden Inn property, at the same daily rate and annual accrual of 7%.

8-K Event Classification

Item 8.01 — Other Events

1 item

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Key Figures

Class K share accrual: $665,355 Class K-I share accrual: $248,516 Daily accrual per share: $0.001917808 +3 more

6 metrics

Class K share accrual $665,355 Cumulative distributions accrued on Class K shares for quarter ended March 31, 2026

Class K-I share accrual $248,516 Cumulative distributions accrued on Class K-I shares for quarter ended March 31, 2026

Daily accrual per share $0.001917808 Daily distribution accrual per Class K and Class K-I share

Annual accrual rate 7% per annum Accrual rate for Class K and Class K-I shares and Class K OP Units

Class K OP Unit accrual $22,115 Cumulative distributions accrued on Class K OP Units through December 31, 2025

Daily accrual per OP Unit $0.001917808 Daily distribution accrual per Class K OP Unit

Key Terms

Class K common stock, Class K-I common stock, Class K OP Units, Operating Partnership, +1 more

5 terms

Class K common stock financial

"with respect to each share of Class K common stock (“K Share”)"

Class K-I common stock financial

"and Class K-I common stock (“K-I Share”) outstanding as of March 31, 2026"

Class K OP Units financial

"each unit of Class K limited partnership interest in the Operating Partnership (the “Class K OP Units”)"

Operating Partnership financial

"on behalf of the Company as the general partner of Procaccianti Hotel REIT, L.P., the Company’s operating partnership"

An operating partnership is a separate legal entity set up to own and run a company’s core assets and day-to-day businesses, while investors hold interests indirectly through the parent company. Think of it like a dedicated garage that actually stores and services the cars while the owner keeps the dealership; it matters to investors because it affects how income, taxes, liability and voting rights are allocated and therefore can influence distributions and risk.

Affiliate Sellers financial

"held by individuals with direct or indirect interests in the seller of the Hilton Garden Inn hotel property ... (the “Affiliate Sellers”)"

Understanding 8-K Material Events →

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): April 27, 2026

PROCACCIANTI HOTEL REIT, INC.

(Exact Name of Registrant as Specified in Its Charter)

Maryland		000-56272		81-3661609
(State or other jurisdiction of incorporation or organization)		(Commission File Number)		(I.R.S. Employer Identification No.)

1140 Reservoir Avenue

Cranston, Rhode Island 02920-6320

(Address of principal executive offices)

(401) 946-4600

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
N/A		N/A		N/A

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company	¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.	¨

Item 8.01 Other Events.

Payment of Distributions

On April 27, 2026, 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 March 31, 2026 (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 March 31, 2026, the cumulative amount of distributions that had accrued on a daily basis with respect to each K Share and K-I Share outstanding since January 1, 2026, was $665,355 and $248,516, respectively (the “K Share Accrual” and the “K-I Share Accrual,” respectively), or $0.001917808 per K Share per day and $0.001917808 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 outstanding as of and during the quarter ended March 31, 2026, the cumulative amount of distributions that had accrued on a daily basis with respect to each Class K OP Unit for the period commencing with the date of issuance of Class K OP Units through December 31, 2025, was $22,115 (the “Class K OP Unit Accrual”), or $0.001917808 per Class K OP Unit per day, which reflects an accrual rate of seven percent per annum. The Board authorized the payment of distributions in an aggregate amount equal to the Class K OP Unit Accrual.

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: April 28, 2026	By:	/s/ Gregory Vickowski
		Gregory Vickowski
		Chief Financial Officer

FAQ

What distributions did Procaccianti Hotel REIT (PRXA) approve on April 27, 2026?

The board approved payment of previously accrued distributions on Class K and Class K-I common shares and Class K OP Units. These distributions reflect amounts accumulated through March 31, 2026, at a 7% annual accrual rate, calculated daily under the company’s charter.

How much in Class K and Class K-I share distributions will PRXA pay?

Procaccianti Hotel REIT will pay $665,355 in accrued distributions on Class K shares and $248,516 on Class K-I shares. These amounts represent cumulative daily accruals for the quarter ended March 31, 2026, at a 7% annual rate per share class.

What is the daily and annual distribution rate on PRXA Class K and K-I shares?

Each Class K and Class K-I share accrued distributions at $0.001917808 per day, equal to a 7% per annum rate. This accrual framework is set under Procaccianti Hotel REIT’s charter and applied to the period beginning January 1, 2026.

What distributions will PRXA’s affiliate sellers receive on Class K OP Units?

Affiliate sellers holding Class K OP Units will receive $22,115 in accrued distributions. This amount reflects cumulative daily accruals at $0.001917808 per unit, corresponding to a 7% annual rate, for the period from unit issuance through December 31, 2025.

Who holds the Class K OP Units receiving distributions from PRXA?

The Class K OP Units are held by individuals with interests in the seller of the Hilton Garden Inn property. These individuals are direct or indirect owners of Procaccianti Companies, Inc., the company’s sponsor, and Procaccianti Hotel Advisors, LLC, its external advisor.

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.0 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 33.4 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 21.8 KB