Procaccianti Hotel REIT

Procaccianti Hotel REIT, Inc. is a non-traded real estate investment trust that acquires, owns, and operates premium-branded hotels across the United States. Formed as a Maryland corporation in August 2016 and headquartered in Cranston, Rhode Island, it elected REIT status for the taxable year ended December 31, 2018. The company is externally managed by Procaccianti Hotel Advisors, LLC, an affiliate of its sponsor, Procaccianti Companies, Inc., a second-generation hospitality investment and management firm whose predecessor was formed in 1958 and that has owned or operated over 160 hotels nationwide.

The REIT targets existing select-service, extended-stay, and compact full-service hotels that are geographically diversified across the United States, and may also invest in distressed debt and preferred equity where the intent is to acquire the underlying hotel properties. Its stated objectives are stable income through cash distributions, preservation and return of capital, and maximized risk-adjusted returns. The continuous offering raises up to $550 million including the distribution reinvestment plan, across three share classes: K Shares and K-T Shares at $10.00 and K-I Shares at $9.30, with a $4,000 initial minimum.

James A. Procaccianti serves as President, Chief Executive Officer, and Chairman; Gregory D. Vickowski is Chief Financial Officer and Treasurer; Elizabeth A. Procaccianti is Chief Operating Officer; Robert Leven is Chief Investment Officer; and Ron Hadar is Secretary and General Counsel, alongside independent directors Lawrence Aubin, Thomas Engel, and Ronald S. Ohsberg. The offering reaches individual investors through dealer manager S2K Financial LLC, with suitability set at a $250,000 net worth, or $70,000 of annual income paired with $70,000 of net worth. A quarterly share repurchase program is available after one year.