InnSuites Hospitality Trust Declares Dividend Amid Strong Revenue Growth

Phoenix, AZ, Jan. 10, 2025 (GLOBE NEWSWIRE) — InnSuites Hospitality Trust 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. This payment will be made on February 5, 2025, to shareholders who are on record as of January 24, 2025. This marks a remarkable feat, extending their uninterrupted 55-year history of paying annual dividends. The company’s hotel operations have shown resilience, achieving a combined revenue of $505,422 in December for their two hotels.

Record revenues have been achieved for the two hotels combined, and projections indicate that hotel gross operating profit will also reach new heights for the IHT hotels in the 2025 Fiscal Year ending January 31, 2025. The total revenues for this fiscal year (from February 1, 2024, to January 31, 2025) are expected to surpass $7.5 million. Meanwhile, their diversified clean energy investment, UniGen, is making progress while seeking additional funding. In addition, IHT is exploring further potential investment opportunities for diversification.

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

Forward-Looking Statements

This news release may contain “forward-looking statements” as defined by federal securities laws, except for historical information. IHT does not undertake any obligation to update these statements following the release date, unless 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