Every 8-K that PROCACCIANTI HOTEL REIT A (PRXA) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow PRXA and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PRXA filings page.
PROCACCIANTI HOTEL REIT, INC. (PRXA) reported that its Board determined the funding cap under its Amended and Restated Share Repurchase Program was reached for repurchase requests relating to the quarter ended June 30, 2026, because net proceeds from the distribution reinvestment plan were insufficient to fund all requests.
The program limits annual repurchases to 5.0% of the weighted average outstanding Class K, K-I and K-T common shares, and also to available DRIP and other authorized operating funds. For this quarter, deceased stockholders’ shares will be repurchased in full, while remaining eligible repurchase requests will be filled on a pro rata basis at approximately 3% of requested shares.
Procaccianti Hotel REIT, Inc. reported that its board of directors, including all independent directors, authorized execution of a mutual consent to renew the Second Amended and Restated Advisory Agreement among the company, its operating partnership and Procaccianti Hotel Advisors, LLC for a one-year term commencing August 2, 2026.
The company also updated suitability standards for Class K and Class K-I stockholders in California who elect to participate in its distribution reinvestment plan on and after August 4, 2026. For these investors, the maximum investment in common stock cannot exceed 10% of their net worth, excluding home, home furnishings and automobiles.
Procaccianti Hotel REIT, Inc. authorized cash distributions out of legally available funds on its Class K and Class K-I common stock for the quarter ended June 30, 2026. Cumulative accruals since April 1, 2026 totaled $671,513 for Class K shares and $252,833 for Class K-I shares, accruing at $0.001917808 per share per day, which equals a 7% annual rate for each class under the charter.
The board also approved cash distributions on Class K operating partnership units held by affiliated sellers, with a cumulative accrual of $22,360 at the same $0.001917808 per unit per day rate. All approved distributions are payable in cash on or about August 4, 2026 to holders of record as of August 3, 2026.
Procaccianti Hotel REIT, Inc. updated its estimated net asset value (NAV) per share for all stock classes as of March 31, 2026. The Board set NAVs at $10.17 for K-I and K Shares, $5.91 for A Shares and $0.00 for B Shares, based on third‑party appraisals and adviser inputs.
The company owns interests in five hotel properties with a total aggregate purchase price of about $89.6 million and $9.2 million of capital improvements. These assets were appraised at approximately $109.3 million at the company’s ownership level, a 10.65% increase over cost and improvements.
Total net asset value was $58.5 million versus $59.2 million a year earlier. A Share NAV declined from $7.14 to $5.91, while K-I and K Share NAVs remained at $10.17. The Board also set new Distribution Reinvestment Plan prices of $9.66 per K and K-I Share and tied repurchase prices under the share repurchase program to the updated NAVs effective June 11, 2026.
Procaccianti Hotel REIT, Inc. announced that its board determined the funding cap under its Amended and Restated Share Repurchase Program was reached for repurchase requests related to the quarter ended March 31, 2026.
Because net proceeds from the distribution reinvestment plan were insufficient, only shares requested to be repurchased due to deceased stockholders will be repurchased in full. There were no qualifying disability or small-account repurchase requests. All other repurchase requests will be filled on a prorated basis, with approximately 1.3% of the shares requested being repurchased, and unfulfilled portions will carry over to future periods unless withdrawn.
Procaccianti Hotel REIT, Inc. amended the loan on its Hotel Indigo Traverse City property. On May 6, 2026, subsidiary PHR TCI, LLC and Beacon Bank & Trust signed a Change in Terms Agreement that reduces the Refinancing Loan’s interest rate to a fixed 6.50% per annum.
The lower fixed rate applies for the remainder of the loan’s initial term, which currently matures on June 6, 2027. The outstanding principal balance remains $15,600,000, and the agreement does not change the maturity date, collateral, corporate guaranty, or other material terms.
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%.
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. 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.
Procaccianti Hotel REIT, Inc. announced Board authorization to pay accrued distributions out of legally available funds. For the quarter ended September 30, 2025, cumulative distributions accrued on Class K and Class K‑I common stock were $682,533 and $251,272, respectively, accruing daily at $0.001917808 per share (a seven percent per annum rate). The Board also approved payment of $22,606 in cumulative distributions on Class K OP Units held by Affiliate Sellers, accruing at $0.001917808 per unit per day at the same seven percent annual rate.