InnSuites Hospitality Trust Shares of Beneficial Interest
Key Metrics
Market Snapshot
About
InnSuites Hospitality Trust (IHT) is a hotel-focused real estate investment trust based in Phoenix, Arizona, and is best known for owning and operating properties under its InnSuites Hotels brand. The trust, originally listed in 1971, is structured as an unincorporated Ohio business trust and qualifies as a REIT for federal tax purposes.
The company's core business involves owning, managing, and generating revenue from its portfolio of hotels. It operates as a REIT, meaning it primarily derives income from real estate investments and is required to distribute a significant portion of its taxable income to shareholders. The trust has maintained a history of paying dividends annually since its founding. While its principal operations are in the hospitality sector, the trust has also pursued diversification through other investments.
In one such diversification effort, InnSuites Hospitality Trust invested in UniGen, a startup company developing efficient, clean natural gas-powered electric generators. The trust provided financing through a convertible bond and received warrants as part of the agreement. This investment represents a non-core venture alongside its established hotel business. The trust's main focus remains on its hotel properties, which form the foundation of its operations and income.