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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.

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