---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-001352"
form_type: "8-K"
ticker: "PRSI"
cik: "0000079661"
company_name: "PORTSMOUTH SQUARE INC"
filed_at: "2025-03-31T23:59:59+00:00"
generated_at: "2026-05-24T02:40:42.568310+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Portsmouth Square subsidiary refinances Hilton SF hotel with $67M mortgage and $36.3M mezzanine loan

## Summary
- Mortgage loan of $67M at SOFR + 4.80% with interest rate cap limiting Term SOFR to 4.50%.
- Mezzanine loan of $36.3M at fixed 7.25% per annum.
- Both loans have 2-year initial maturity with three 1-year extension options subject to conditions.
- Loans are secured by the Hilton San Francisco Financial District hotel property.

## SEC filing metadata
- accession: 0001641172-25-001352
- form_type: 8-K
- ticker: PRSI
- cik: 0000079661
- company_name: PORTSMOUTH SQUARE INC
- filed_at: 2025-03-31T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/79661/000164117225001352/0001641172-25-001352-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/79661/000164117225001352/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-001352
- JSON: https://secwatch.observer/filing/0001641172-25-001352.json
- Plain text: https://secwatch.observer/filing/0001641172-25-001352.txt

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