shr-202402290002003881false00020038812024-02-292024-02-29
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported): February 29, 2024
STIRLING HOTELS & RESORTS, INC.
(Exact name of registrant as specified in its charter)
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| Maryland | | 000-56623 | | 93-3514045 |
| (State or other jurisdiction of incorporation or organization) | | (Commission File Number) | | (IRS employer identification number) |
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| 14185 Dallas Parkway, Suite 1200 | | | | |
| Dallas | | | | |
| Texas | | | | 75254 |
| (Address of principal executive offices) | | | | (Zip code) |
Registrant’s telephone number, including area code: (972) 490-9600
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☑
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Securities registered pursuant to Section 12(b) of the Act:
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| Title of each class | | Trading Symbol(s) | | Name of each exchange on which registered |
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ITEM 8.01 OTHER EVENTS.
February 2024 Distributions
On February 29, 2024, Stirling Hotels & Resorts, Inc. (the “Company”) declared distributions for each class of its common stock (as well as corresponding OP units) in the amounts per share set forth below:
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| | Gross Distributions | | Distribution Fee | | Net Distributions |
As of February 29, 2024 | | | | | | |
Class D Shares | | $ | 0.1042 | | | $ | 0.0053 | | | $ | 0.0989 | |
Class I Shares | | $ | 0.1042 | | | $ | — | | | $ | 0.1042 | |
Class S Shares | | $ | 0.1042 | | | $ | 0.0179 | | | $ | 0.0863 | |
Class T Shares | | $ | 0.1042 | | | $ | 0.0179 | | | $ | 0.0863 | |
Class E Shares | | $ | 0.1042 | | | $ | — | | | $ | 0.1042 | |
The net distributions for each class of common stock (which represents the gross distributions less distribution fees for the applicable class of common stock) are payable to stockholders of record immediately following the close of business on February 29, 2024 and will be paid on or about March 15, 2024. These distributions will be paid in cash or reinvested in shares of the Company’s common stock for stockholders participating in the Company’s distribution reinvestment plan.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| STIRLING HOTELS & RESORTS, INC. |
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| Dated: February 29, 2024 | By: | /s/ Stephen Zsigray |
| | Stephen Zsigray |
| | Chief Financial Officer |