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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): January 8, 2025

 

Commission File Number 1-07062

 

INNSUITES HOSPITALITY TRUST

(Exact name of registrant as specified in its charter)

 

Ohio   34-6647590

(State or other jurisdiction

of incorporation or organization)

 

(I.R.S. Employer

Identification Number)

 

InnSuites Hospitality Centre

1730 E. Northern Avenue, Suite 122

Phoenix, AZ 85020

(Address of principal executive offices)

 

Registrant’s telephone number, including area code: (602) 944-1500

 

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))

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Shares of beneficial interest without par value   IHT   NYSE-American

 

 

 

 
 

 

Item 8.01 Other Events.

 

The Board of Trustees for InnSuites Hospitality Trust has announced a semi-annual Dividend Declaration of $0.01 per share, payable on February 5, 2025, to shareholders of record as of January 24, 2025. This announcement continues an uninterrupted 55-year history of annual dividends.

 

InnSuites Hotel operations continue to remain strong, with a combined revenue total in December for the two hotels of $505,422.

 

We are also pleased to report record revenues for the two hotels combined, and project record hotel gross operating profit for our IHT hotels for the 2025 Fiscal Year ending January 31, 2025. In the 2025 Fiscal Year (February 1, 2024, through January 31, 2025), total Revenues are anticipated to exceed $7.5 million. The UniGen diversified efficient clean energy investment continues progress, while seeking additional funding. IHT is also pursuing other potential diversification investment opportunities, as well.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibit.

 

99.1 Press Release
   
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 
 

 

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.

 

  InnSuites Hospitality Trust
     
  By: /s/ James F. Wirth
    James F. Wirth
    Chairman and Chief Executive Officer
     
Date: January 10, 2025    

 

 
 

 

EXHIBIT INDEX

 

Exhibit No.   Description
     
99.1  

Press Release

 

104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

 

Exhibit 99.1

 

 

IHT DECLARES 55TH CONSECUTIVE ANNUAL DIVIDEND AS RECORD REVENUES SURGE

 

Phoenix, AZ, January 10, 2025 - InnSuites Hospitality Trust (NYSE American: IHT) On January 8, 2024, the Board of Trustees of InnSuites Hospitality Trust (NYSE Am: IHT), announced a semi-annual dividend of $0.01 per share payable on February 5, 2025, to shareholders of record as of January 24, 2025, extending an uninterrupted continuous 55-year history of annual dividends. InnSuites Hotel operations continue to remain strong, with a combined revenue total in December for the two hotels of $505,422.

 

We are also pleased to report record revenues for the two hotels combined, and project record hotel gross operating profit for our IHT hotels for the 2025 Fiscal Year ending January 31, 2025. In the 2025 Fiscal Year (February 1, 2024, through January 31, 2025), total Revenues are anticipated to exceed $7.5 million. The UniGen diversified efficient clean energy investment continues progress, while seeking additional funding. IHT is also pursuing other potential diversification investment opportunities, as well.

 

For more information, visit www.innsuitestrust.com and www.innsuites.com.

 

Forward-Looking Statements

 

With the exception of historical information, matters discussed in this news release may include “forward-looking statements” within the meaning of the federal securities laws. IHT expressly disclaims any obligation to update any forward-looking statement contained in this news release to reflect events or circumstances that may arise after the date hereof, all of which are expressly qualified by the foregoing, other than as required by applicable law.

 

FOR FURTHER INFORMATION:

 

Marc Berg, Executive Vice President

602-944-1500

email: mberg@innsuites.com

 

INNSUITES HOSPITALITY CENTRE

1730 E. NORTHERN AVENUE, #122

Phoenix, Arizona 85020

Phone: 602-944-1500

 

 

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