Procaccianti Hotel REIT estimates NAV per share: K-I/K $10.17, K-T $12.23, A $9.82, B $0.00

PROCACCIANTI HOTEL REIT, INC.

Estimated NAV per share: K-I and K shares $10.17; K-T shares $12.23; A shares $9.82; B shares $0.00.
Board approved values on June 17, 2024; effective for stockholder communications starting June 24, 2024.
Decline in hotel values attributed to 500 bps Fed rate increase, inflation, capital market pressures.
International travel rebound reducing domestic travel demand, pressuring hotel rates and revenue.

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