Procaccianti Hotel REIT NAV per share drops sharply; Class A NAV falls from $22.76 to $9.82

PROCACCIANTI HOTEL REIT, INC.

Estimated NAV per share as of March 31, 2024: K-I $10.17, K $10.17, K-T $12.23, A $9.82, B $0.00.
Year-over-year decline: K-I/K shares fell from $11.53; A shares declined from $22.76; B shares fell from $14.77.
Real estate value estimated at $125.6M, down from $144.0M year ago; total NAV $60.7M vs $77.8M.
Board approved NAVs using independent appraisal by Stanger; 5 properties valued via income and sales comparison approaches.
NAV used for broker-dealer account statements per FINRA Rule 2231; no material changes between valuation date and filing.

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