CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and can afford the risks. Trading CFDs is high risk and is not suitable for everyone. Refer to our PDS and Target Market Determination. AFSL 513393
Open platformOpen platform

Procaccianti Hotel REIT Increases Beacon Bank & Trust Loan to $17.35 Million

By Public Technologies
  • Procaccianti Hotel REIT subsidiary PHR TCI amended its mortgage loan with Beacon Bank & Trust on Oct. 21, 2026.
  • Maximum principal rose $1.75 million to $17.35 million, with additional funding conditional on requirements for Hotel Indigo renovations in Traverse City, Michigan.
  • Initial maturity extends to June 6, 2028, with two conditional 12-month extension options through June 6, 2030.
  • Interest remains fixed at 6.5% through June 6, 2027, then resets to the one-year Treasury yield plus 2.5%.
  • Payments remain interest-only through June 6, 2028, then switch to principal and interest based on 30-year amortization.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Procaccianti Hotel REIT Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-118407), on October 23, 2026, and is solely responsible for the information contained therein.

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.