secwatch.observer — SEC 8-K summary
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Issuer:     PROCACCIANTI HOTEL REIT, INC. (PRXK)
CIK:        0001692345
Form:       8-K
Filed at:   2024-06-20T23:59:59+00:00
Accession:  0001104659-24-073472
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692345/000110465924073472/0001104659-24-073472-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692345/000110465924073472/tm2417568d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-073472

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