XML 15 R5.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY AND NONCONTROLLING INTEREST - USD ($)
Class K Common Stock
Common Stock
Class K Common Stock
Class K-I Common Stock
Common Stock
Class K-I Common Stock
Class K-T Common Stock
Common Stock
Class K-T Common Stock
Class A Common Stock
Common Stock
Class A Common Stock
Class B Common Stock
Common Stock
Class B Common Stock
Additional Paid-in Capital
Cumulative Income (Loss)
Cumulative Distributions
Total Procaccianti Hotel REIT, Inc. Stockholders' Equity
Noncontrolling Interest
Total
BALANCE at Dec. 31, 2022 $ 39,325   $ 13,455   $ 293   $ 5,814   $ 1,250   $ 47,700,045 $ 892,306 $ (11,238,663) $ 37,413,825 $ 5,546,503 $ 42,960,328
BALANCE (in shares) at Dec. 31, 2022 3,932,526   1,345,518   29,306   581,410   125,000              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Conversion of common stock $ 159       $ (159)                      
Conversion of common stock (in shares) 15,899       (15,899)                      
Issuance of common stock pursuant to distribution reinvestment plan $ 119   $ 84   $ 2           200,319     200,524   200,524
Issuance of common stock pursuant to distribution reinvestment plan (in shares) 11,896   8,419   187                      
Stockholder servicing fees                     (447)     (447)   (447)
Repurchase of common stock $ (209)                   (211,308)     (211,517)   (211,517)
Repurchase of common stock (in shares) (20,900)                              
Net income (loss)                       (1,031,938)   (1,031,938) 248,515 (783,423)
Distributions paid                         (958,261) (958,261) (232,750) (1,191,011)
BALANCE at Mar. 31, 2023 $ 39,394   $ 13,539   $ 136   $ 5,814   $ 1,250   47,688,609 (139,632) (12,196,924) 35,412,186 5,562,268 40,974,454
BALANCE (in shares) at Mar. 31, 2023 3,939,421   1,353,937   13,594   581,410   125,000              
BALANCE at Dec. 31, 2022 $ 39,325   $ 13,455   $ 293   $ 5,814   $ 1,250   47,700,045 892,306 (11,238,663) 37,413,825 5,546,503 42,960,328
BALANCE (in shares) at Dec. 31, 2022 3,932,526   1,345,518   29,306   581,410   125,000              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Issuance of common stock pursuant to distribution reinvestment plan                               397,571
BALANCE at Jun. 30, 2023 $ 39,079   $ 13,537   $ 138   $ 5,814   $ 1,250   47,357,024 444,048 (13,133,941) 34,726,949 5,440,741 40,167,690
BALANCE (in shares) at Jun. 30, 2023 3,907,864   1,353,702   13,781   581,410   125,000              
BALANCE at Mar. 31, 2023 $ 39,394   $ 13,539   $ 136   $ 5,814   $ 1,250   47,688,609 (139,632) (12,196,924) 35,412,186 5,562,268 40,974,454
BALANCE (in shares) at Mar. 31, 2023 3,939,421   1,353,937   13,594   581,410   125,000              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Issuance of common stock pursuant to distribution reinvestment plan $ 116   $ 84   $ 2           196,845     197,047   197,047
Issuance of common stock pursuant to distribution reinvestment plan (in shares) 11,594   8,367   187                      
Stockholder servicing fees                     (322)     (322)   (322)
Repurchase of common stock $ (431)   $ (86)               (528,108)     (528,625)   (528,625)
Repurchase of common stock (in shares) (43,151) (16,090) (8,602) (1,101)                        
Noncontrolling interest valuation adjustment                       (90,635)   (90,635)   (90,635)
Net income (loss)                       674,315   674,315 221,473 895,788
Distributions paid                         (937,017) (937,017) (343,000) (1,280,017)
BALANCE at Jun. 30, 2023 $ 39,079   $ 13,537   $ 138   $ 5,814   $ 1,250   47,357,024 444,048 (13,133,941) 34,726,949 5,440,741 40,167,690
BALANCE (in shares) at Jun. 30, 2023 3,907,864   1,353,702   13,781   581,410   125,000              
BALANCE at Dec. 31, 2023 $ 39,087   $ 13,664   $ 30   $ 5,814   $ 1,250   47,356,635 2,110,753 (15,055,010) 34,472,223 4,847,835 39,320,058
BALANCE (in shares) at Dec. 31, 2023 3,908,712 3,908,712 1,366,446 1,366,446 2,964 2,964 581,410 581,410 125,000 125,000            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Issuance of common stock pursuant to distribution reinvestment plan $ 105   $ 80               202,637     202,822   202,822
Issuance of common stock pursuant to distribution reinvestment plan (in shares) 10,503   7,972   46                      
Stockholder servicing fees                     (76)     (76)   (76)
Repurchase of common stock $ (166)   $ (6)               (197,163)     (197,335)   (197,335)
Repurchase of common stock (in shares) (16,555) (9,864) (614) (158)                        
Noncontrolling interest valuation adjustment                       (21,946)   (21,946)   (21,946)
Net income (loss)                       (1,026,115)   (1,026,115) 217,376 (808,739)
Distributions paid                         (954,807) (954,807)   (954,807)
BALANCE at Mar. 31, 2024 $ 39,026   $ 13,738   $ 30   $ 5,814   $ 1,250   47,362,033 1,062,692 (16,009,817) 32,474,766 5,065,211 37,539,977
BALANCE (in shares) at Mar. 31, 2024 3,902,660   1,373,804   3,010   581,410   125,000              
BALANCE at Dec. 31, 2023 $ 39,087   $ 13,664   $ 30   $ 5,814   $ 1,250   47,356,635 2,110,753 (15,055,010) 34,472,223 4,847,835 39,320,058
BALANCE (in shares) at Dec. 31, 2023 3,908,712 3,908,712 1,366,446 1,366,446 2,964 2,964 581,410 581,410 125,000 125,000            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Issuance of common stock pursuant to distribution reinvestment plan                               402,312
BALANCE at Jun. 30, 2024 $ 38,990   $ 13,812   $ 1   $ 5,814   $ 1,250   47,358,641 1,746,355 (16,951,796) 32,213,067 4,917,992 37,131,059
BALANCE (in shares) at Jun. 30, 2024 3,898,987 3,898,987 1,381,202 1,381,202 10 10 581,410 581,410 125,000 125,000            
BALANCE at Mar. 31, 2024 $ 39,026   $ 13,738   $ 30   $ 5,814   $ 1,250   47,362,033 1,062,692 (16,009,817) 32,474,766 5,065,211 37,539,977
BALANCE (in shares) at Mar. 31, 2024 3,902,660   1,373,804   3,010   581,410   125,000              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Conversion of common stock $ 32       $ (30)           (2)          
Conversion of common stock (in shares) 3,159       (3,045)                      
Issuance of common stock pursuant to distribution reinvestment plan $ 103   $ 79   $ 1           199,307     199,490   199,490
Issuance of common stock pursuant to distribution reinvestment plan (in shares) 10,276   7,896   45                      
Stockholder servicing fees                     (51)     (51)   (51)
Repurchase of common stock $ (171)   $ (5)               (202,646)     (202,822)   (202,822)
Repurchase of common stock (in shares) (17,108)   (498)                          
Noncontrolling interest valuation adjustment                       77,671   77,671   77,671
Net income (loss)                       605,992   605,992 171,281 777,273
Distributions paid                         (941,979) (941,979) (318,500) (1,260,479)
BALANCE at Jun. 30, 2024 $ 38,990   $ 13,812   $ 1   $ 5,814   $ 1,250   $ 47,358,641 $ 1,746,355 $ (16,951,796) $ 32,213,067 $ 4,917,992 $ 37,131,059
BALANCE (in shares) at Jun. 30, 2024 3,898,987 3,898,987 1,381,202 1,381,202 10 10 581,410 581,410 125,000 125,000