---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-059077"
form_type: "8-K"
ticker: "PRXK"
cik: "0001692345"
company_name: "PROCACCIANTI HOTEL REIT, INC."
filed_at: "2026-05-12T13:30:17+00:00"
generated_at: "2026-05-12T13:31:50.508697+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-26-059077
- form_type: 8-K
- ticker: PRXK
- cik: 0001692345
- company_name: PROCACCIANTI HOTEL REIT, INC.
- filed_at: 2026-05-12T13:30:17+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1692345/000110465926059077/0001104659-26-059077-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1692345/000110465926059077/tm2614243d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-059077
- JSON: https://secwatch.observer/filing/0001104659-26-059077.json
- Plain text: https://secwatch.observer/filing/0001104659-26-059077.txt

## Key facts
- Debt Financings
  PROCACCIANTI HOTEL REIT, INC. amended loan with Beacon Bank & Trust, successor by merger to Berkshire Bank at fixed rate of 6.50% per annum maturing June 6, 2027.
  - Instrument: loan
  - Counterparty: Beacon Bank & Trust, successor by merger to Berkshire Bank
  - Rate: fixed rate of 6.50% per annum
  - Maturity: June 6, 2027
  - Event: amendment
  source text: the interest rate applicable to the Refinancing Loan was reduced to a fixed rate of 6.50% per annum for the remainder of the initial term of the Refinancing Loan, which currently matures on June 6, 2027.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1692345/000110465926059077/0001104659-26-059077-index.htm
- Material Agreements
  PROCACCIANTI HOTEL REIT, INC. amended Change in Terms Agreement with PHR TCI, LLC and Beacon Bank & Trust valued at $15,600,000 (effective 2026-05-06).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: PHR TCI, LLC and Beacon Bank & Trust
  - Value: $15,600,000
  - Effective: 2026-05-06
  source text: On May 6, 2026, PHR TCI, LLC, as borrower, and Beacon Bank & Trust, successor by merger to Berkshire Bank (the “Lender”), as lender, entered into a Change in Terms Agreement (the “Change in Terms Agreement”) with respect to the Refinancing Loan and the Refinancing Note.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1692345/000110465926059077/0001104659-26-059077-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.