---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-130105"
form_type: "8-K"
ticker: "PRXK"
cik: "0001692345"
company_name: "PROCACCIANTI HOTEL REIT, INC."
filed_at: "2023-12-28T23:59:59+00:00"
generated_at: "2026-06-07T06:23:45.932907+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Procaccianti Hotel REIT confirms rent terms for Hotel Indigo Traverse City lease renewal period

## Summary
- Entered rent confirmation for first renewal period of Hotel Indigo lease, effective Dec 31, 2023.
- Fixed rent: $136,645/mo in 2024, rising to $141,850/mo in 2025, then gradually declining to $140,468/mo in 2028.
- Percentage rent rate starts at 76.63% of gross revenue above monthly floors (e.g., $211,309 in Jan 2024) and declines to 59.34% by 2028.
- Renewal term runs through Dec 2028; lease is between wholly-owned subsidiaries PHR TCI (landlord) and PHR TCI OPCO SUB (tenant).

## SEC filing metadata
- accession: 0001104659-23-130105
- form_type: 8-K
- ticker: PRXK
- cik: 0001692345
- company_name: PROCACCIANTI HOTEL REIT, INC.
- filed_at: 2023-12-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1692345/000110465923130105/0001104659-23-130105-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1692345/000110465923130105/tm2333893d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-130105
- JSON: https://secwatch.observer/filing/0001104659-23-130105.json
- Plain text: https://secwatch.observer/filing/0001104659-23-130105.txt

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