{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-073472","form_type":"8-K","ticker":"PRXK","cik":"0001692345","company_name":"PROCACCIANTI HOTEL REIT, INC.","filed_at":"2024-06-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.629290+00:00","generated_at":"2026-06-01T03:33:04.691735+00:00","sec_items":["7.01","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Procaccianti Hotel REIT NAV per share drops sharply; Class A NAV falls from $22.76 to $9.82","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-073472","json":"https://secwatch.observer/filing/0001104659-24-073472.json","markdown":"https://secwatch.observer/filing/0001104659-24-073472.md","text":"https://secwatch.observer/filing/0001104659-24-073472.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1692345/000110465924073472/0001104659-24-073472-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1692345/000110465924073472/tm2417568d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T03:33:04.691735+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}