IHT FISCAL FIRST HALF HOTEL REVENUES EXCEED $4 MILLION; IBC DIVERSIFICATION CONTINUES REVITALIZATION

Rhea-AI Summary

InnSuites Hospitality Trust (NYSE American: IHT) reported strong financial performance with hotel revenues exceeding $4 million in the First Fiscal Half of 2026 (February-July 2025). The company achieved a record August revenue of $547,571, contributing to a total of $4.55 million for the first seven fiscal months of 2026.

Notable developments include RRF LLLP (IHT's 76% owned subsidiary) becoming the management company for IBC Hotels, LLC, with a five-year purchase option. Additionally, IHT maintains its diversification investment in UniGen Power, holding convertible bonds and warrants that could result in a 15-20% ownership stake in the clean energy company.

The company has maintained its 55-year streak of uninterrupted dividends since its 1971 NYSE listing, with recent payments made in February and August 2025.

Positive

• Hotel revenues exceeded $4 million in First Fiscal Half 2026
• Record August revenue of $547,571
• Consolidated Net Income of $75,000 before non-cash expenses
• 55-year streak of uninterrupted dividends maintained
• Potential 15-20% ownership stake in UniGen Power through convertible bonds
• RRF LLLP secured five-year option to purchase IBC Hotels at cost
• All Annual Shareholder Meeting ballot measures passed with over 95% approval

Negative

• Travel industry remains flat overall
• UniGen investment classified as high-risk
• Previous IBC Hotels venture faced operational pause during COVID-19

Insights

Hospitality & Real Estate Financial Analyst

IHT reports solid hotel revenues while diversifying into boutique hotel services and clean energy investments, showing strategic growth despite flat industry trends.

IHT's fiscal first half 2026 shows $4,004,635 in total revenue with a net income of approximately $75,000 before non-cash expenses. The August revenue of $547,571 marks a record, pushing seven-month fiscal 2026 hotel revenue to $4,552,206 - particularly impressive given the flat travel industry conditions.

The company's strategic diversification is unfolding on two fronts. First, IHT's management subsidiary (RRF LLLP, 76% owned by IHT) has secured management rights for IBC Hotels along with a five-year option to purchase the company at cost. This represents a calculated entry into the independent hotel services market, which comprises approximately half of global hotels - an underserved segment with significant growth potential.

Second, IHT maintains investment in UniGen Power through convertible bonds and warrants that could result in a 15-20% ownership stake. This clean energy play aligns with projected electricity demand growth from data centers, electric vehicles, and AI applications - sectors expected to double electricity requirements over five years.

The financial foundation remains solid with three of the past four fiscal years showing profitability despite substantial non-cash expenses. The company has maintained an uninterrupted 55-year dividend streak since its 1971 NYSE listing, with recent payments in February and August 2025.

What's particularly noteworthy is management's assertion that their real estate holdings are carried at book values "significantly below current market value" - suggesting hidden asset value not reflected in current financials. This, combined with their diversification initiatives, indicates potential upside beyond the core hospitality business that has already demonstrated resilience in a challenging sector.

Phoenix, AZ, Sept. 12, 2025 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American: IHT) reported Hotel Revenue results surpassing $4 million once again in the First Fiscal Half of 2026, (February 1, 2025, to July 31, 2025), with Total Revenue of approximately $4,004,635.

Consolidated Net Income before the non-cash expense of depreciation and the non-cash Best Western Rewards Guest Vouchers expense, was approximately $75,000 for the 2026 First Fiscal Half ended July 31, 2025 (February 1, 2025, through July 31, 2025).

IHT hotel operations were strong in the 2025 Fiscal Year ended January 31, 2025, and are contributing to a solid start in the current 2026 Fiscal Year. Combined Hotel August Revenue for both hotels was an August record of $547,571, which has led to a solid Hotel Revenue total of $4,552,206 for the first seven Fiscal Months of Fiscal Year 2026. These are positive signs for InnSuites, as progress continues strong, while the Travel Industry in general, remains flat.

RRF LLLP, the Management Company for IHT, has recently become the Management Company for InnDependent Boutique Collection (IBC Hotels, LLC). This is a new diversification opportunity, with IHT participating in the IBC revitalization.

In the process of ownership and management of branded and unbranded hotels, IHT recognized an unfulfilled need to provide hotel reservations, branding, and hotel services for global independent hotels, which at the time and still represent half the hotels in the world. In February 2014, IHT founded IBC Hotels, LLC to explore this unfulfilled opportunity, developing reservations, branding, and related hotel services doing business as “InnDependent Boutique Collection “(IBC Hotels). Early success in providing reservations for an IHT operated independent hotel was substantial. As this independent hotel services opportunity and the size of this potential demand was increasingly recognized in the travel industry, IBC Hotels was sold in August 2018 to a foreign hotel company planning expansion of independent hotel reservations and services internationally.

The new owner added additional hotels to the reservation system, further developed, updated, and improved then-existing software, and pursued an agreement with a large international internet hotel guest source. When Covid hit in early 2020 and travel virtually came to a standstill in March 2020, the new owner was not in a position to continue operations pausing IBC Hotels reservation services.

On March 5, 2025, REF , an investment entity owned by the chairman and family of IHT majority IHT shareholder, purchased IBC Hotels, LLC, and on March 7, 2025, hired RRF LLLP, the management company subsidiary of InnSuites Hospitality Trust (IHT), to manage the rebirth of IBC, to benefit from the substantial unfulfilled need worldwide for independent boutique hotel and resort reservations, Boutique branding, and related hotel services. In the process, RRF LLLP, a 76% owned subsidiary of IHT and manager of IHT hotels, was engaged as manager of IBC obtaining a five-year option to purchase, at cost, IBC Hotels, LLC. This option is believed to provide IHT a valuable opportunity, if successful, to profit from the revitalization of InnDependent Boutique Collection (IBC Hotels).

InnSuites Hospitality Trust (IHT), in late 2019, made a diversification investment in new development privately held UniGen Power, Inc. (UniGen), a company developing a patented, high profit potential, efficient clean energy generation innovation. With the continued strong demand from data centers, electric cars, as well as growing projections for artificial intelligence, demand for electricity over the next five years is projected to approximately double. IHT holds convertible bonds and warrants that, if fully exercised, could result in IHT holding an approximately up to 15-20% or more ownership stake in UniGen.

UniGen is currently concentrating on its next round of capital raising, in which IHT may participate. UniGen is a high-risk, clean, efficient, diversification investment, offering high potential investment return if and when successful.

IHT management believes that due to real estate held on the books of IHT at book values believed to be significantly below current market value and due to the high clean energy and IBC diversification profit potential ahead, the IHT future looks bright.

IHT’s strong hotel operating results are reflected in three of the four most recent Fiscal Years profitable, even after accounting for substantial non-cash depreciation and non-cash Best Western Rewards Guest Voucher expenses.

Fiscal Year 2026 extended IHT’s uninterrupted, continuous annual dividends to 55 years, since initial NYSE listing in 1971. Semi-annual dividends were paid February 5, 2025, and August 7, 2025.

The IHT Annual Shareholder Meeting was a success, with all Ballot Measures passing with over 95% Approval of Shares Voted, including the re-election of both Board of Trustee Members. The Annual Shareholder Meeting was held at the IHT Phoenix Corporate Office, on August 14, 2025.

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. All statements regarding IHT’s review and exploration of potential strategic, operational, and structural alternative diversification investments, and expected associated costs and benefits are forward-looking. Actual developments and business decisions may differ materially from those expressed or implied by such forward-looking statements. Important 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.

FOR FURTHER INFORMATION:

Marc Berg, Executive Vice President
602-944-1500
email: mberg@innsuites.com

INNSUITES HOTEL CENTRE
1730 E. NORTHERN AVENUE, #122
Phoenix, Arizona 85020
Phone: 602-944-1500

FAQ

What were IHT's hotel revenue results for First Fiscal Half 2026?

IHT reported hotel revenues of $4,004,635 for the First Fiscal Half of 2026 (February-July 2025), with an additional record August revenue of $547,571.

How much could IHT potentially own in UniGen Power?

Through convertible bonds and warrants, IHT could potentially hold an approximately 15-20% or more ownership stake in UniGen Power if fully exercised.

What is IHT's dividend history on NYSE?

IHT has maintained uninterrupted, continuous annual dividends for 55 years since its initial NYSE listing in 1971, with recent payments made on February 5, 2025, and August 7, 2025.

What is the significance of RRF LLLP's management of IBC Hotels?

RRF LLLP, IHT's 76% owned subsidiary, obtained a five-year option to purchase IBC Hotels at cost, providing IHT an opportunity to profit from IBC's revitalization in the independent hotel services market.

What was IHT's net income for First Fiscal Half 2026?

IHT reported consolidated net income of approximately $75,000 before non-cash expenses of depreciation and Best Western Rewards Guest Vouchers for the period ending July 31, 2025.