Recent Updates — PRXA

PHR TCI, LLC, a subsidiary of Procaccianti Hotel REIT, Inc., entered into an Omnibus Loan Modification Agreement with Beacon Bank & Trust regarding the mortgage secured by the Hotel Indigo in Traverse City, Michigan. The agreement increases the maximum principal amount from $15.6 million to $17.35 million, providing $1.75 million for capital expenditures and renovations. The maturity date is extended from June 2027 to June 2028, with options to extend further to 2029 and 2030 subject to debt service coverage ratios. Interest remains fixed at 6.50% through June 2027, then floats at Treasury plus 2.50%. Concurrently, the Board authorized cash distributions of approximately $0.94 million for Class K common stock and $22,606 for specific affiliate seller units, payable on November 4, 2026 to holders of record as of November 3, 2026. Procaccianti Hotel REIT operates a hotel real estate investment trust.

The board of directors renewed the Second Amended and Restated Advisory Agreement with Procaccianti Hotel Advisors, LLC for a one-year term commencing August 2, 2026. The company also updated suitability standards for California stockholders participating in the distribution reinvestment plan effective August 4, 2026, requiring either $350,000 liquid net worth or $100,000 gross annual income with $100,000 net worth, and limiting investment to 10% of net worth. This filing does not contain material financial updates or changes to capital structure.