Procaccianti Hotel REIT Declares Distributions
The real estate investment trust continues its consistent 7% annual distribution accrual strategy.
April 28, 2025
On April 25, 2025, Procaccianti Hotel REIT, Inc. announced the latest round of distribution approvals. The board of directors authorized payments to shareholders and affiliated investors based on positions held as of March 31, 2025. These distributions, drawn from legally available funds, keep the company on track with its annual accrual strategy.
Distribution Details for Common Stockholders
For Class K and Class K-I common stockholders, distributions accrued daily starting January 1, 2025. By the end of the first quarter, totals reached $670,156 for Class K shares and $242,972 for Class K-I shares. Each share class maintained a seven percent annual accrual rate, consistent with the company’s charter.
Distributions for Affiliate Investors
The board also approved distributions tied to Class K limited partnership units held by affiliates involved with a recent Hilton Garden Inn transaction. Those accrued distributions totaled $22,115, following the same daily accrual structure and seven percent annual rate.
By moving forward with these payouts, Procaccianti Hotel REIT reinforces its commitment to steady returns. The structure ensures both shareholders and affiliates receive updates tied directly to performance, keeping interests aligned as the company continues managing its hotel portfolio.
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