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Company Executives

Officer Age In this role Joined Pay Source
James A. Procaccianti Also a director
Chief Executive Officer
68 Not stated Not stated Not reported
Ron Hadar
58 Not stated Not stated Not reported
Gregory Vickowski Also a director
Executive officer
65 Not stated Not stated Not reported

Each officer opens the passage of the filing that names them. A title that changed since the list comes from the officer's latest Form 3, 4 or 5, and its start year is not stated there. "Not stated" means the filing does not say. Pay is the proxy's Summary Compensation Table, which reports only the named executive officers.

Directors
5
serving now
Independent
3 of 3
stated in the proxy; 2 not stated
Average tenure
10.0 years
from year joined
CEO also chairs the board
Yes
James A. Procaccianti
Director Age On board Independent Committees Other public boards Pay Source
James A. Procaccianti
68 2016
10 years
Not stated None stated None stated Paid as CEO
Gregory Vickowski
65 Not stated Not stated None stated None stated Not stated
Lawrence Aubin
81 2016
10 years
Independent
Audit Committee
None stated $33,043
Thomas R. Engel
82 2016
10 years
Independent
Audit Committee
None stated $33,793
Ronald S. Ohsberg
62 2016
10 years
Independent
Audit Committee · Chair
None stated $33,793

Each director opens the passage of the proxy that names them. "Not stated" means the proxy does not say; it never means "no". Pay is the proxy's Director Compensation table; the CEO is paid as an executive.

Procaccianti Hotel Advisors, LLC (PHA)
$185,318
2025

Reimbursement of administrative services expenses incurred by PHA for 2025 (also $110,474 for six months ended June 30, 2026).

Procaccianti Hotel Advisors, LLC (PHA)
$738,748
2025

Asset management fees paid or incurred to PHA under the Advisory Agreement for 2025 (also $372,468 for six months ended June 30, 2026).

Procaccianti Hotel Advisors, LLC (PHA)
$11,082
2025

Interest expense accrued on deferred asset management fees owed to PHA for 2025.

Procaccianti Hotel Advisors, LLC (PHA)
$74,648
2025

Interest accrued on deferred acquisition fees owed to PHA for 2025.

Procaccianti Hotel Advisors, LLC (PHA)
affiliate of our Sponsor
$8,752,347
As of December 31, 2025

Organization and offering costs incurred by PHA and its affiliates on the Company's behalf, of which $1,026,564 was reimbursed through A Shares and $3,312,833 paid to PHA.

Hotel managers (affiliates of the Company)
affiliate of the Company
$985,488
2025

Property management fees earned by hotel managers for the hotel properties.

TPG Risk Services, LLC
affiliate of the Company
$630,478
2025

Payments by the Company to TPG Risk Services for reimbursement of prepaid insurance at the hotel properties.

TPG Construction, LLC
affiliate of the Company
$8,710
2025

Reimbursement to TPG Construction for capital expenditure costs at the hotel properties.

Procaccianti Hotel Advisors, LLC (PHA)
affiliate of our Sponsor
$94,194

Combined subordinated promissory notes payable to PHA bearing interest at the blended long-term AFR.

Procaccianti Hotel Advisors, LLC (PHA)
affiliate of our Sponsor
$4,357
2025

Interest expense on subordinated promissory notes from PHA for 2025.

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