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    InnSuites Hospitality Trust Shares of Beneficial Interest filed SEC Form 8-K: Other Events, Financial Statements and Exhibits

    1/10/25 5:16:30 PM ET
    $IHT
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    Get the next $IHT alert in real time by email
    false 0000082473 0000082473 2025-01-08 2025-01-08 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

     

     

     

    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)

     

     

     

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