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Procaccianti Hotel REIT Secures $1.75 Million Loan Increase for Renovations

PUBLIC · PRXAOct 23, 2026

Amount Raised

$1.75 Million

Round Type

Debt Financing

United StatesReal EstateHospitalityHotel

Investors

Beacon Bank & Trust

Description

Procaccianti Hotel REIT, Inc. announced the amendment and extension of their existing loan agreement, resulting in a $1.75 million increase in the loan amount. This funding will be allocated for capital expenditures and renovations at the Hotel Indigo in Traverse City, Michigan. The loan terms have also been extended to 2028, with potential further extensions available.

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Company Information

Company

PROCACCIANTI HOTEL REIT

Location

United States

About

PROCACCIANTI HOTEL REIT, INC. is a real estate investment trust primarily engaged in the ownership and operation of hotel properties. The company offers a range of services to hotel operators and focuses on developing a diverse portfolio in the hospitality industry. Its business activities include acquiring, developing, and managing hotel assets across various geographic markets in the United States. With its principal office located in Cranston, Rhode Island, the company aims to enhance shareholder value through strategic acquisitions and effective asset management. Recent developments indicate a focus on expanding its portfolio and optimizing operational efficiencies within its hotel properties.

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PROCACCIANTI HOTEL REIT raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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