Form 8-K - Current report
10 Janvier 2025 - 11:16PM
Edgar (US Regulatory)
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2025-01-08
2025-01-08
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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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Innsuites Hospitality (AMEX:IHT)
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