Procaccianti Hotel REIT enters into rent confirmations for renewal periods of two hotel leases

PROCACCIANTI HOTEL REIT, INC.

Authorized rent confirmations for Staybridge Suites St. Petersburg and SpringHill Suites Wilmington leases for first renewal period.
Rent confirmations set fixed and percentage rents for renewal terms through March 2028.
Staybridge Lease Rent Confirmation between PHR STPFL, LLC and PHR STPFL OPCO SUB, LLC dated May 4, 2023.
SpringHill Rent Confirmation between PHR WNC, LLC and PHR WNC OPCO SUB, LLC dated May 4, 2023.

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