Torchlight inn santa cruz7/26/2023 ![]() These forward-looking statements are subject to known and unknown risks and uncertainties, which could cause actual results to differ materially from those anticipated, including, without limitation: our ability to repay, refinance, or restructure our debt and the debt of certain of our subsidiaries anticipated or expected purchases or sales of assets our projected operating results completion of any pending transactions our understanding of our competition market trends projected capital expenditures the impact of technology on our operations and business general volatility of the capital markets and the market price of our common stock and preferred stock availability, terms and deployment of capital availability of qualified personnel changes in our industry and the markets in which we operate, interest rates or the general economy and the degree and nature of our competition. The expected use of proceeds for the Non-Traded Preferred Equity is acquisitions, paying down debt, and other general corporate purposes. To date, the Company has issued 813,802 shares of its Series J and 45,352 shares of its Series K non-traded preferred stock raising approximately $21.5 million of gross proceeds. ![]() The registration statement is now effective, and the Company commenced the offering of the Non-Traded Preferred Equity during the third quarter of 2022. The Series J and Series K Redeemable Preferred Stock have initial annual dividend yields of 8.0% and 8.2% respectively, and the Company offers a Dividend Reinvestment Plan for investors in the Non-Traded Preferred Equity. The registration statement provides for the issuance of Non-Traded Preferred Equity in a primary offering over the course of up to three years from the effective date. Securities and Exchange Commission ("SEC") for its Series J and Series K Redeemable Preferred Stock ("Non-Traded Preferred Equity"). This property affirms that it adheres to the cleaning and disinfection practices of SafeStay (AHLA - USA).During the first quarter of 2022, the Company filed a registration statement with the U.S. Contactless check-in and contactless check-out are available. Social distancing measures are in place staff at the property wear personal protective equipment a shield is in place between staff and guests in main contact areas temperature checks are available to guests guests are provided with hand sanitizer cashless payment methods are available for all transactions masks are required in public areas. Disinfectant is used to clean the property commonly-touched surfaces are cleaned with disinfectant between stays bed sheets and towels are laundered at a temperature of at least 60☌/140☏. This property advises that enhanced cleaning and guest safety measures are currently in place. Cash is not accepted. For guests' safety, the property includes a smoke detector in each accommodation. This property accepts Visa, Mastercard, American Express, and Discover. Guests must contact this property in advance to reserve cribs/infant beds and rollaway/extra beds. The provision of housing is linked to their trade, business, or profession. This property is managed by a professional host. ![]() Special requests can't be guaranteed and may incur additional charges. Special requests are subject to availability at the time of check-in. Safety features at this property include a smoke detectorĬharges for extra guests may apply and vary according to property policy.Ī cash deposit, credit card, or debit card for incidental charges and government-issued photo identification may be required upon check-in. This property accepts credit cards cash is not accepted Guests must contact this property in advance to reserve cribs/infant beds and rollaway/extra beds Special requests are subject to availability upon check-in and may incur additional charges special requests cannot be guaranteed Government-issued photo identification and a credit card, debit card, or cash deposit may be required at check-in for incidental charges Extra-person charges may apply and vary depending on property policy
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