Procaccianti Hotel REIT removes advisory fee sunset; stockholder vote approves amendment

PROCACCIANTI HOTEL REIT, INC.

Second Amended and Restated Advisory Agreement eliminates Aug. 13, 2026 deadline for asset management fee to cease accruing.
Deadlines for interest on deferred acquisition and disposition fees also removed, making advisor fees indefinite.
Stockholders approved amendment with 2.4M votes for, 315k against, 250k abstentions.
Directors elected: James Procaccianti, Gregory Vickowski, Lawrence Aubin, Thomas Engel, Ronald Ohsberg.
Advisor Procaccianti Hotel Advisors will now receive ongoing asset management fees without termination date.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.4

PROCACCIANTI HOTEL REIT, INC. amended Second Amended and Restated Advisory Agreement with Procaccianti Hotel Advisors, LLC (effective 2026-01-19).

Action: amendment
Agreement: settlement
Counterparty: Procaccianti Hotel Advisors, LLC
Effective: 2026-01-19

Exact text from the filing

On January 19, 2026, following approval by the stockholders of Procaccianti Hotel REIT, Inc. (the “Company”), the Company, Procaccianti Hotel REIT, L.P., the Company’s wholly owned subsidiary and operating partnership (the “Operating Partnership”), and Procaccianti Hotel Advisors, LLC, the Company’s advisor (the “Advisor”), entered into the Second Amended and Restated Advisory Agreement (the “Second Amended and Restated Advisory Agreement”)

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Source: SEC EDGAR

accession 0001104659-26-004943

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