Procaccianti Hotel REIT authorizes Q3 2022 distributions on common shares and OP units

PROCACCIANTI HOTEL REIT, INC.

Board authorized distributions of $690,883 on K Shares, $235,445 on K-I Shares, and $10,594 on K-T Shares for Q3 2022.
Distributions accrue at 7% per annum ($0.001917808/share/day) for each common share class.
Also authorized $22,606 distribution on Class K OP units held by unaffiliated sellers of Hilton Garden Inn Providence.
Record date for distributions was September 30, 2022; accruals cover period from July 1, 2022.
All distributions payable out of legally available funds, customary for the REIT's quarterly schedule.

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