PRXA on OTC
PROCACCIANTI HOTEL REIT, INC.
American real estate investment trust based in Lutherville Timonium. Summary from the record
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Last updated Oct 19, 2026.
Overview
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- TickerPRXA on OTC2
- IndustryReal Estate Investment Trusts2
- HeadquartersLutherville Timonium, United States2
- Incorporated inMD4
- Business address1140 Reservoir Avenue, Cranston, Ri 029204
- Filer categoryNon-accelerated filer, Smaller reporting company4
- Legal formStock Corporation2
- LEI549300LVIZMVY1L3VL532
- StatusActive2
- LEI statusIssued and current2
- Registered addressC/O THE CORPORATION TRUST INCORPORATED, 21093 Lutherville Timonium, United States2
- Registered withBusiness Services (Maryland Department of Assessments and Taxation), D174529472
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Procaccianti Hotel REIT, Inc. (which is referred to in this Annual Report, as context requires, as the “Company,” “we,” “us,” or “our”) was formed on August 24, 2016, under the laws of Maryland to acquire and own a diverse portfolio of hospitality properties consisting primarily of select-service, extended-stay and compact full-service hotel properties throughout the United States. As of December 31, 2025, we owned an interest in five select-service hotel properties. We elected to be taxed as, and currently operate as, a real estate investment trust (“REIT”) under the Internal Revenue Code of 1986, as amended (the “Code”), commencing with our taxable year ended December 31, 2018. As a REIT, we generally will not be subject to U.S. federal income tax to the extent that we distribute qualifying dividends to our stockholders. If we fail to qualify as a REIT in any taxable year following the…5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Occupancy brought in 87% of the revenue PROCACCIANTI HOTEL REIT, INC. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Occupancy | $28.1M | $28.6M |
| Food and Beverage | $2.4M | $2.8M |
| Hotel | $1.4M | $1.5M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs93¢$30.7M
- Income tax1¢$300.5K
- Profit6¢$1.9M
Out of $32.8M in revenue.3
Where each dollar of operating cash went, fiscal 2025
- Dividends paid87¢$5.4M
- Share buybacks13¢$820.5K
Out of $6.1M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.3
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Total revenues | $32.8M | $31.9M |
| Other property expenses | $11.4M | $11.1M |
| Property management fees to affiliates | $985.5K | $956.6K |
| Corporate general and administrative | $1.4M | $1.3M |
| Other fees to affiliates | $924.1K | $908.6K |
| Depreciation and amortization | $4.0M | $4.3M |
| Total expenses | $26.6M | $26.2M |
| Operating income | $6.3M | $5.7M |
| Interest expense, net | -$4.1M | -$3.7M |
| Gain on interest rate swap | $7.2K | |
| Net income before income taxes | $2.2M | $2.0M |
| Income tax (expense) benefit | -$300.5K | $106.3K |
| Net income | $1.9M | $2.1M |
| Net income attributable to noncontrolling interest | $320.5K | $526.8K |
| Net income (loss) attributable to common stockholders - basic | $1.5M | $1.5M |
| Net income (loss) attributable to common stockholders - diluted | $1.5M | $1.5M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Property and equipment, net | $92.5M | $95.1M | |
| Cash | $7.2M | $8.0M | |
| Restricted cash | $3.7M | $3.1M | |
| Accounts receivable, net | $196.8K | $147.8K | |
| Prepaid expenses and other assets, net | $980.5K | $1.3M | |
| Total Assets | $104.5M | $107.6M | |
| Mortgage notes payable, net | $66.7M | $64.1M | |
| Accounts payable, accrued expenses and other, net | $2.8M | $3.2M | |
| Due to related parties | $2.2M | $2.1M | |
| Total Liabilities | $71.7M | $69.4M | |
| Noncontrolling interest of the Operating Partnership | $1.4M | $1.4M | |
| Additional paid-in capital | $47.4M | $47.4M | |
| Cumulative income | $5.2M | $3.7M | |
| Cumulative distributions | -$25.0M | -$18.8M | |
| Total Stockholders' Equity | $27.6M | $32.3M | |
| Noncontrolling interest | $3.7M | $4.5M | |
| Total Equity | $31.3M | $36.8M | $39.3M |
| Total Liabilities and Stockholders' Equity | $104.5M | $107.6M | |
| Common stock, shares authorized | 248.1M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Property and equipment, net | $92.5M | $95.1M | |
| Cash | $7.2M | $8.0M | |
| Restricted cash | $3.7M | $3.1M | |
| Accounts receivable, net | $196.8K | $147.8K | |
| Prepaid expenses and other assets, net | $980.5K | $1.3M | |
| Total Assets | $104.5M | $107.6M | |
| Mortgage notes payable, net | $66.7M | $64.1M | |
| Accounts payable, accrued expenses and other, net | $2.8M | $3.2M | |
| Due to related parties | $2.2M | $2.1M | |
| Total Liabilities | $71.7M | $69.4M | |
| Noncontrolling interest of the Operating Partnership | $1.4M | $1.4M | |
| Additional paid-in capital | $47.4M | $47.4M | |
| Cumulative income | $5.2M | $3.7M | |
| Cumulative distributions | -$25.0M | -$18.8M | |
| Total Stockholders' Equity | $27.6M | $32.3M | |
| Noncontrolling interest | $3.7M | $4.5M | |
| Total Equity | $31.3M | $36.8M | $39.3M |
| Total Liabilities and Stockholders' Equity | $104.5M | $107.6M | |
| Common stock, shares authorized | 248.1M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income | $1.9M | $2.1M |
| Depreciation and amortization | $4.0M | $4.3M |
| Amortization of deferred financing costs and debt discount as interest | $234.6K | $51.8K |
| Amortization of key money loans | -$53.5K | -$53.5K |
| Gain on interest rate swap | -$7.2K | |
| Accounts receivable | -$49.0K | $134.2K |
| Due from related parties | $25.0K | |
| Prepaid expenses and other assets | $286.3K | -$165.6K |
| Accounts payable, accrued expenses and other | -$314.1K | $426.6K |
| Due to related parties | $138.7K | -$105.2K |
| Net cash provided by operating activities | $6.1M | $6.7M |
| Capital improvements | -$1.4M | -$1.4M |
| Cash used in investing activities | -$1.4M | -$1.4M |
| Proceeds from mortgage note | $19.2M | $39.3M |
| Payments of mortgage notes principal | -$16.7M | -$38.8M |
| Payment of deferred financing costs | -$199.1K | -$728.1K |
| Distributions to stockholders | -$5.4M | -$3.0M |
| Distributions to noncontrolling interest | -$1.1M | -$820.8K |
| Repurchase of common stock | -$820.5K | -$797.8K |
| Payment of stockholder servicing fees | -$127 | |
| Net cash used in financing activities | -$4.9M | -$4.9M |
| Increase (decrease) in cash and cash equivalents and restricted cash | -$198.6K | $357.2K |
| Cash paid for interest | $4.0M | $3.7M |
| Cash paid for income taxes | $8.4K | $8.2K |
| Common stock issued pursuant to distribution reinvestment plan | $821.5K | $805.4K |
No quarter-by-quarter statement was filed.
Leadership
Who has led PROCACCIANTI HOTEL REIT, INC., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
- Chief executive officerJames A. Procaccianti Apr 27, 2021 to Dec 10, 202117
- PresidentJames A. Procaccianti Apr 27, 2021 to Dec 10, 202117
- Chief financial officerGregory Vickowski Apr 27, 2021 to Dec 10, 202118
Board members and other officers (5)
- Board memberGregory Vickowski Apr 27, 2021 to Dec 10, 202118
- Board memberJames A. Procaccianti Apr 27, 2021 to Dec 10, 202117
- Board memberLawrence Aubin Apr 27, 2021 to now19
- Board memberRonald S. Ohsberg Apr 27, 2021 to now20
- Board memberThomas R. Engel Apr 27, 2021 to now21
Timeline
Filings
114 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 58 major events, 17 insider forms, 19 other. The latest 20:
- Sep 22, 2026DEF 14A EDGAR
- Aug 27, 20268-K EDGAR
- Aug 12, 202610-Q EDGAR
- Jul 29, 20268-K EDGAR
- Jul 23, 20268-K EDGAR
- Jun 12, 20268-K EDGAR
- May 27, 20268-K EDGAR
- May 12, 20268-K EDGAR
- May 11, 202610-Q EDGAR
- Apr 28, 20268-K EDGAR
- Apr 27, 2026ARS EDGAR
- Mar 23, 202610-K EDGAR
- Mar 4, 20268-K EDGAR
- Feb 5, 20268-K EDGAR
- Jan 30, 20268-K EDGAR
- Jan 20, 20264 OWNERSHIP DOCUMENT EDGAR
- Jan 20, 20264 OWNERSHIP DOCUMENT EDGAR
- Jan 20, 20264 OWNERSHIP DOCUMENT EDGAR
- Jan 20, 20268-K EDGAR
- Dec 19, 2025DEFA14A EDGAR
The 114 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 19SEC EDGARLawrence Aubin, Board member
- 20SEC EDGARRonald S. Ohsberg, Board member
- 21SEC EDGARThomas R. Engel, Board member