InnSuites Hospitality Trust (IHT) is reporting another strong quarter, with hotel revenue exceeding $2 million in the First Fiscal Quarter of 2026 (February 1, 2025, to April 30, 2025), and total revenue reaching approximately $2.2 million. This marks continued positive performance for the company amidst a potentially flattening broader travel industry.
The company’s consolidated net income before non-cash depreciation expense for the 2026 First Fiscal Quarter, which ended April 30, 2025, was $221,330. Total consolidated fiscal first quarter net income remained in the black, at $39,030.
Contributing to the positive results, IHT’s hotel operations demonstrated robust performance in the 2025 Fiscal Year ending January 31, 2025. May hotel revenue from both hotels hit a notable $632,584, leading to a sizable hotel revenue of $2,838,347 for the first four fiscal months of fiscal year 2026. These figures are encouraging for InnSuites, indicating continued progress even within a potentially maturing travel market.
Beyond its core hospitality business, InnSuites Hospitality Trust (IHT) has been strategically diversifying. A key move has been the late 2019 investment in UniGen Power, Inc. (UniGen), a privately held company focused on developing a novel clean energy generation technology with significant profit potential. With the ever-increasing demand from data centers, the growing popularity of electric vehicles, and escalating projections for artificial intelligence, electricity demand is expected to roughly double over the next five years. IHT holds convertible bonds and warrants in UniGen, which, when fully exercised, could give IHT an ownership stake of approximately 15-20% or more.
UniGen is currently working to raise next-round capital, in which IHT may participate. This represents a high-risk, high-reward diversification investment, offering the potential for strong returns if successful in the energy sector.
Further expanding its strategic portfolio, RRF LLLP, the management company for IHT, recently became the management company for InnDependent Boutique Collection (IBC Hotels, LLC). This presents yet another potential diversification aspect that IHT may explore further down the line.
IHT’s diversification strategy stems from recognizing the unmet need for services for global independent hotels, which still make up a significant portion of the world’s hotel market. In February 2014, IHT founded IBC Hotels, LLC with the goal of providing hotel reservations, branding, and related services under the “InnDependent Boutique Collection” (IBC Hotels) brand. Initial success in providing reservations for an IHT operated independent hotel was substantial. As demand for independent hotel services opportunity was increasingly recognized in the travel industry, IBC Hotels was sold in August 2018 to a foreign hotel company.
After the sale, the new owner expanded the reservation system, enhanced existing software, and pursued a significant agreement with a major international internet hotel guest source. However, the onset of the COVID-19 pandemic in early 2020, resulting in travel coming to a standstill, forced the new owner to cease operations and pause IBC Hotels reservation services.
On March 5, 2025, REF, an investment entity owned by the chairman and family of IHT’s majority shareholder, purchased IBC Hotels, LLC. They subsequently engaged RRF LLLP, the management company subsidiary of InnSuites Hospitality Trust (IHT), to lead the revival of IBC, capitalizing on the substantial unmet need for independent hotel and resort reservations, boutique branding, and related services worldwide. In the process, RRF LLLP, a 76% owned subsidiary of IHT and manager of IHT hotels, was engaged as manager of IBC, securing a five-year option to purchase IBC Hotels, LLC at cost. This option is anticipated to provide IHT with a valuable opportunity, if successful, to benefit from the resurgence of InnDependent Boutique Collection (IBC Hotels).
Management at IHT believes the company’s prospects are bright, due to the value of real estate held on IHT’s books, which are believed to be significantly below current market value, and the high profit potential inherent in the clean energy and IBC diversification strategies.
IHT’s strong hotel operating results are evident in the profitability of three out of the last four fiscal years, even after accounting for significant non-cash depreciation expense.
Fiscal Year 2026 marks IHT’s 55th consecutive year of annual dividends since its initial NYSE listing in 1971. Semi-annual dividends were disbursed on February 5, 2025, with an anticipated payment scheduled for August 4, 2025.
The IHT Annual Shareholder Meeting has been announced and will take place at the IHT Phoenix Corporate Office on August 14, 2025, at 1 PM.
For those seeking additional information, these are the official websites: www.innsuitestrust.com and www.innsuites.com.
Forward-Looking Statements
This news release should be understood as containing forward-looking statements within the scope of the federal securities laws, with the exception of historical data. These encompass all statements related to IHT’s review and exploration of potential strategic, operational, and structural alternative diversification investments, including associated costs and expected benefits. Actual business decisions and developments may differ significantly from those expressed or implied by such forward-looking statements. Key factors, among others, that could cause IHT’s actual results and future actions to differ materially from those described in forward-looking statements include economic effects of tariffs, the uncertain outcome, impact, effects and results of IHT’s success in finding qualified purchasers for its hospitality real estate or a reverse merger partner, the success of additional financing and timing of the UniGen clean energy, IBC, and other potential diversification innovations, the continuation of semi-annual dividends in the year(s) ahead, collections of receivables, and other risks discussed in IHT’s SEC filings. 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.
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