Procaccianti Hotel REIT NAV per share rises across all classes; Class B NAV soars to $14.77

PROCACCIANTI HOTEL REIT, INC.

Estimated NAV per share as of March 31, 2023: Class K-I and K $11.53, Class K-T $11.96, Class A $22.76, Class B $14.77.
Total NAV increased to $77.8M from $64.1M a year earlier, driven by higher real estate values ($144.0M vs $130.3M).
Real estate portfolio appraised at $123.8M, a 30.3% increase over aggregate purchase price and improvements.
Independent valuation by Robert A. Stanger & Co. used DCF and sales comparison approaches; terminal cap rates 8.75%-9.25%.
NAV calculation approved by Board and Audit Committee; based on March 31, 2023, valuation date with no material subsequent changes.

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