IHT FISCAL FIRST THREE QUARTER HOTEL REVENUES EXCEED $5.8 MILLION; IBC DIVERSIFICATION GAINS MOMENTUM
Rhea-AI Summary
InnSuites Hospitality Trust (NYSE American: IHT) reported Total Hotel Revenue of $5,809,673 for the first three fiscal quarters ended October 31, 2025 (Feb 1–Oct 31, 2025), and consolidated net income before non-cash depreciation and Best Western voucher expense was approximately break-even at -$48,000 for the same period. Combined hotel November revenue was about $550,000, bringing first-ten-month hotel revenue to $6,309,673. RRF LLLP (76% owned subsidiary) was engaged to manage and hold a five-year option to purchase IBC Hotels, offering a diversification path. IHT holds convertible bonds and warrants in UniGen that could translate to an approx. 15–20% ownership if fully exercised. IHT maintained semi-annual dividends, extending a 55-year continuous dividend record.
Positive
- Total hotel revenue of $5,809,673 for Feb 1–Oct 31, 2025
- First-ten-month hotel revenue of $6,309,673
- November combined hotel revenue of $550,000
- RRF LLLP holds a five-year option to buy IBC Hotels at cost
- Continuous dividends extended to 55 years; semi-annual payments made
Negative
- Consolidated net income before non-cash items roughly -$48,000
- UniGen investment described as high-risk pending successful fundraise
- IBC reservation services previously paused during COVID and required repurchase
- Forward-looking results depend on financing, asset sales, and uncertain outcomes
Key Figures
Market Reality Check
Peers on Argus
IHT fell 6.04% while peers were mixed: BHR up 5.93%, MDRR down 4.45%, OPI down 16.67%, others little changed. Moves appear stock-specific rather than a broad hotel REIT trend.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Sep 12 | Revenue update | Positive | +66.0% | First-half FY2026 hotel revenues above $4M and diversification momentum. |
| Jul 14 | Dividend declaration | Positive | +0.0% | 55th consecutive annual dividend and record hotel revenue commentary. |
| Jun 20 | Q1 results | Positive | -3.5% | Q1 FY2026 hotel revenues above $2.2M and positive net income. |
Recent news often drew sharp or muted reactions: one strong upside move on positive operations and two instances where positive updates saw flat or negative price responses.
Over the past months, IHT has repeatedly highlighted improving hotel revenues and diversification. On Jun 20, 2025, Q1 FY2026 hotel revenues exceeded $2.2M with positive net income and a focus on UniGen and IBC. On Jul 14, 2025, the trust declared its 55th consecutive annual dividend and noted record property revenues. On Sep 12, 2025, first-half FY2026 hotel revenues surpassed $4M, with IBC management rights and UniGen exposure reiterated. Today’s update extends that trajectory through the first three fiscal quarters.
Market Pulse Summary
This announcement highlighted hotel revenues of $5.81M for the first three fiscal quarters of 2026, with $6.31M over the first ten months, alongside diversification via IBC and UniGen. It also reaffirmed a 55-year dividend streak and recent semi-annual payments. Historical filings show repeated emphasis on undervalued real estate and clean energy exposure. Investors may watch future revenue trends, progress at UniGen and IBC, and any additional insider activity disclosed in SEC filings.
Key Terms
convertible bonds financial
warrants financial
forward-looking statements regulatory
AI-generated analysis. Not financial advice.
Phoenix, AZ, Dec. 15, 2025 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American: IHT) reported Hotel Revenue results surpassing
Consolidated Net Income before the non-cash expense of depreciation and the non-cash Best Western Rewards Guest Vouchers expense, was approximately break-even at (-48,000), for the 2026 First Fiscal Three Quarters ended October 31, 2025 (February 1, 2025, through October 31, 2025).
IHT hotel operations were strong in the 2025 Fiscal Year ended January 31, 2025, and are contributing to a comparable 2026 Fiscal Year. Combined Hotel November Revenue for both hotels was the second highest combined November amount of approximately
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
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
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
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 hotel revenue did IHT (NYSE American: IHT) report for Feb 1–Oct 31, 2025?
How close to breakeven was IHT's consolidated net income for the first three fiscal quarters 2026?
What is the financial significance of IHT's involvement with IBC Hotels (InnDependent Boutique Collection)?
What stake could IHT hold in UniGen if convertible instruments are fully exercised?
Did IHT continue paying dividends during Fiscal Year 2026?
How did November 2025 performance affect IHT's fiscal-year-to-date hotel revenue?
