secwatch.observer — SEC 8-K summary
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Issuer:     PROCACCIANTI HOTEL REIT, INC. (PRXK)
CIK:        0001692345
Form:       8-K
Filed at:   2023-06-28T23:59:59+00:00
Accession:  0001104659-23-075860
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692345/000110465923075860/0001104659-23-075860-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692345/000110465923075860/tm2318363d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-075860

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