Procaccianti Hotel REIT renegotiates $15.6M loan; rate cut to 6.50% on Traverse City hotel debt

PROCACCIANTI HOTEL REIT, INC.

Interest rate reduced to fixed 6.50% from prior rate; effective May 6, 2026.
Maturity unchanged at June 6, 2027; principal remains $15.6M.
Lender now Beacon Bank & Trust (successor by merger to Berkshire Bank).
Loan secured by Hotel Indigo Traverse City property and business assets.

item 1.01item 2.03item 9.01

Source: SEC EDGAR

accession 0001104659-26-059077

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