Procaccianti Hotel REIT Extends Advisory Fees

The company also reappointed its full board and secured backing for critical advisory fee changes tied to its long-term management structure.

January 21, 2026

Advisory Fee Timeline Removed

Procaccianti Hotel REIT has made a key change to its advisory structure, one that keeps fee accruals in place beyond previously expected timelines. On January 19, 2026, shareholders approved updates to the company’s agreement with Procaccianti Hotel Advisors, LLC—its external advisor—removing the expiration date for certain fees tied to asset management and transactions.

Here’s what changed: the asset management fee, as well as the deferred acquisition and disposition fees, no longer have a scheduled end date. Under the earlier agreement, those fees were set to stop accruing on August 13, 2026—five years after the company’s public offering ended. With this new amendment, that deadline has been lifted. The revised terms give the advisor continued earning potential as it manages the REIT’s operations and investments.

Shareholder Participation and Results

The vote followed standard governance procedures. With over half of outstanding shares represented at the meeting, the quorum requirement was met. The advisory agreement passed with roughly 2.4 million votes in favor, around 315,000 against, and nearly 250,000 abstaining.

Board Reappointments

Shareholders also re-elected all five directors to the board: James A. Procaccianti, Gregory Vickowski, Lawrence Aubin, Thomas R. Engel, and Ronald S. Ohsberg. Support for each nominee exceeded 2.7 million votes, with no broker non-votes reported.

What This Means Going Forward

This update to the advisory agreement signals a longer-term alignment between the REIT and its advisor. It locks in the framework for how fees are accrued going forward and removes built-in time limits that would otherwise phase out certain forms of compensation.

The full text of the amended agreement was filed as Exhibit 10.1 in the company’s latest SEC report.