secwatch.observer — SEC 8-K summary
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Issuer:     PROCACCIANTI HOTEL REIT, INC. (PRXK)
CIK:        0001692345
Form:       8-K
Filed at:   2025-06-27T23:59:59+00:00
Accession:  0001104659-25-063473
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Procaccianti Hotel REIT updates estimated per share NAV; Class A drops to $7.14 from $9.82
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- Estimated per share NAV as of March 31, 2025: Class K-I and K shares $10.17, Class A shares $7.14, Class B shares $0.00.
- Class A NAV declined 27.3% from $9.82 a year earlier; K shares unchanged at $10.17.
- Total real estate portfolio appraised at $109.1M (company ownership interest), vs. cost plus improvements of $97.6M.
- Net asset value fell to $59.2M from $60.7M year-over-year; Class A accrued unpaid distributions rose to $2.69M.
- No Class K-T shares outstanding; valuations used discount rates of 10.25%–10.75% and terminal cap rates of 8.75%–9.25%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692345/000110465925063473/0001104659-25-063473-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692345/000110465925063473/tm2519233d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-063473

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