PROCACCIANTI HOTEL REIT, INC.
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About Procaccianti Hotel Reit
Real Estate Investment Trusts, SIC 6798
Procaccianti Hotel REIT, Inc. is a real estate investment trust that acquires and owns hospitality properties across the United States. Operating through its Operating Partnership and managed externally by an affiliate of its sponsor, the firm invests primarily in select-service, extended-stay, and compact full-service hotels in upper midscale, upscale, and upper upscale categories. To maintain its status under the tax code, the company does not manage hotel operations directly; instead, it leases wholly owned hotels to taxable REIT subsidiary lessees, which contract day-to-day operations to third-party property management companies. These properties serve travelers and hotel guests seeking hospitality accommodations.
The company holds ownership interests in five select-service hotel properties encompassing 559 guest rooms across four U.S. states: North Carolina, Florida, Michigan, and Rhode Island. Properties include Springhill Suites Wilmington, Staybridge Suites St. Petersburg, Hotel Indigo Traverse City, Hilton Garden Inn Providence, and Cherry Tree Inn & Suites. The company was formed under the laws of Maryland, though the text does not identify its headquarters location.
Summary of the business section of Procaccianti Hotel Reit's latest annual report, written by StockData.
Company profile
Company
- Legal name
- PROCACCIANTI HOTEL REIT, INC.
- Founded
- 2016
- Headquarters
- Cranston, RI
- Address
- 1140 Reservoir Avenue 02920
- Phone
- (401) 946-4600
- Industry
- Real Estate Investment Trusts
- Incorporated in
- Maryland
- Fiscal year ends
- December 31
- Auditor
- Ernst& Young LLP, Boston, Massachusetts
Stock & identifiers
- Ticker
- PRXA
- Exchange
- OTC
- Shares outstanding
- 6M, Aug 12, 2026
- Public float
- $57.90M, Jun 30, 2025
- Filer category
- Non-accelerated filer<br>Smaller reporting company
- SEC CIK
- 1692345
- EIN
- 81-3661609
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Ronald S. Ohsberg | Director | 2,250 |
| Lawrence Aubin | Director | 2,250 |
| Thomas R. Engel | Director | 2,250 |
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Aug 4, 2021 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Mar 20, 2020 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Mar 3, 2020 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Oct 31, 2018 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Aug 21, 2018 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |