---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-072022"
form_type: "8-K"
ticker: "PRXK"
cik: "0001692345"
company_name: "PROCACCIANTI HOTEL REIT, INC."
filed_at: "2023-06-16T23:59:59+00:00"
generated_at: "2026-06-13T22:52:00.256567+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Procaccianti Hotel REIT modifies swap to 5.13% fixed rate, extends loan to Aug 2024

## Summary
- Modified swap derivative with Citizens Bank fixes rate at 5.13% on $15,092,000 notional, effective Aug 15, 2023.
- Loan maturity extended to August 15, 2024 under third extended term of the Citizens Bank loan.
- Modification relates to subsidiary's loan for a hotel property in Traverse City, Michigan originally $17.8 million.

## SEC filing metadata
- accession: 0001104659-23-072022
- form_type: 8-K
- ticker: PRXK
- cik: 0001692345
- company_name: PROCACCIANTI HOTEL REIT, INC.
- filed_at: 2023-06-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1692345/000110465923072022/0001104659-23-072022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1692345/000110465923072022/tm2318363d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-072022
- JSON: https://secwatch.observer/filing/0001104659-23-072022.json
- Plain text: https://secwatch.observer/filing/0001104659-23-072022.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.