INNSUITES ANNOUNCES 2027 FISCAL FIRST HALF $4M RECORD REVENUES; REVERSE MERGER INTEREST INCREASES

InnSuites pairs record hotel revenues and a stronger balance sheet with high‑risk growth bets and unresolved NYSE American listing uncertainty.

Rhea-AI Summary

InnSuites Hospitality Trust (IHT) reported record Fiscal 2027 first-half total revenues of $4,099,593 for the period ended July 31, 2026.

Consolidated net income before non-cash items, primarily depreciation, was $120,280, an increase of $178,057 over the prior year period. Combined hotel occupancy reached 83.42%, about 3.04 percentage points higher year over year, while REVPAR rose from $78.48 to $79.66. August combined hotel revenue was $513,145, contributing to approximately $4.5 million in total hotel revenue for the first seven fiscal months, a combined record.

On August 19, 2026, shareholders’ equity increased by $3 million and debt was reduced by $3 million. IHT is exploring diversification and equity-enhancing options, including a possible merger or reverse merger, and highlights high-upside but high-risk potential from its UniGen Power investment and an option to acquire IBC Hotels. The Trust plans to continue its annual dividend, with the next payment tentatively set for February 15, 2027, while cautioning there is no assurance its initiatives or NYSE American listing compliance will succeed.

Positive

• Fiscal 2027 first-half total revenues $4,099,593 record level
• Net income before non-cash items $120,280, up $178,057 year over year
• Hotel occupancy 83.42%, approximately 3.04 percentage points higher year over year
• REVPAR increased from $78.48 to $79.66 in the first-half comparison
• First seven months hotel revenue approximately $4.5 million, a combined record
• Shareholders’ equity increased by $3 million and debt reduced by $3 million on August 19, 2026
• Annual dividend tradition since 1971, next tentatively scheduled for February 15, 2027

Negative

• UniGen Power investment described as high risk despite high upside potential
• Travel industry uncertainty cited as an ongoing backdrop for results
• No assurance that equity-enhancing or strategic initiatives will be successful
• No assurance the Trust will regain or maintain NYSE American continued listing compliance

Market Context

The Aug 31 acquisition-tagged announcement was followed by an 8.59% 24-hour gain, providing a direct...

Analysis

The Aug 31 acquisition-tagged announcement was followed by an 8.59% 24-hour gain, providing a directly comparable market response to IHT’s current revenue, equity, and reverse-merger update.

Key Figures

First-half total revenues: $4,099,593 Net income before non-cash items: $120,280 Year-over-year income increase: $178,057 +5 more

First-half total revenues

$4,099,593

Fiscal 2027 first fiscal half ended July 31, 2026

Net income before non-cash items

$120,280

Fiscal 2027 first fiscal half

Year-over-year income increase

$178,057

Compared with the prior year

Combined hotel occupancy

83.42%

Fiscal 2027 first fiscal half

Occupancy increase

3.04%

Compared with the prior first fiscal half

REVPAR

$79.66

Compared with $78.48 in the prior first fiscal half

August combined hotel revenue

$513,145

Both hotels combined

Equity increase and debt reduction

$3 million

Shareholders' equity increased and debt was reduced on August 19, 2026

Previous Acquisition Reports

4 past events · Latest: Sep 14

Same Type 4 events

1. Sep 14

   Compliance plan approval

   24h Move

   -3.0%

   NYSE American approved the compliance plan while reverse-merger discussions continued

2. Aug 31

   Debt-to-equity conversion

   24h Move

   +8.6%

   A $3 million debt conversion strengthened equity while reverse-merger discussions continued

3. Jun 18

   Fiscal first-quarter results

   24h Move

   -5.6%

   Record quarterly revenue and profitable first-quarter results accompanied reverse-merger exploration

4. Jun 18

   Reverse-merger exploration

   24h Move

   +16.6%

   The trust disclosed diversification and equity-raising options including a potential reverse merger

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

revpar, reverse merger, non-cash items, continued listing standards

4 terms

revpar technical

"the Revenue Per Available Room and Suites (REVPAR), modestly increased"

RevPAR, or revenue per available room, is a measure used in the hotel industry to show how much money a hotel earns from each of its rooms over a certain period. It helps investors understand how well a hotel is performing financially, similar to how a store's sales per square foot reveal its profitability. Higher RevPAR indicates better use of resources and stronger financial health.

reverse merger financial

"potentially including a merger or reverse merger, which is of high interest"

A reverse merger is when a private company becomes publicly traded by combining with an already listed public shell company, allowing the private business to gain a stock market listing without going through a traditional IPO. Investors care because this shortcut can be faster and cheaper than an IPO but often comes with less regulatory vetting and market visibility, so it can mean higher uncertainty about valuation, financial transparency, and future liquidity.

non-cash items financial

"Consolidated Net Income before non-cash items primarily consisting of depreciation"

Non-cash items are accounting entries that change reported profit or loss without moving actual cash, such as depreciation, amortization, stock-based pay charges, impairments or certain unrealized gains and losses. They matter to investors because they can make a company’s earnings look better or worse than the cash it actually generates; like writing down the value of an old car on paper versus the cash you have in your wallet, investors adjust for non-cash items to judge real cash flow and valuation.

continued listing standards regulatory

"regain or maintain compliance with NYSE American continued listing standards"

Ongoing rules a stock exchange requires a listed company to meet to keep its shares trading publicly, such as minimum share price, market value, timely financial reports, and governance practices. Think of it as a membership checklist for a club: falling short can lead to warnings or removal from the exchange, which can sharply reduce liquidity, investor confidence, and a stock’s value. Investors watch these standards to gauge regulatory risk and the stability of their holdings.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Phoenix, AZ, Sept. 15, 2026 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American: IHT) announced record Fiscal 2027 (February 1, 2026 through January 31, 2027) First Fiscal Half Total Revenues of $4,099,593.

Consolidated Net Income before non-cash items primarily consisting of depreciation was $120,280 for the 2027 First Fiscal Half ended July 31, 2026. This represents an increase of $178,057 over the prior year.

Combined Hotel Occupancy was 83.42% for the First Fiscal Half of Fiscal Year 2027, which was approximately a 3.04% increase from the prior First Fiscal Half, while the Revenue Per Available Room and Suites (REVPAR), modestly increased from $78.48 to $79.66 over this same period.

IHT hotel operations were strong in the 2026 Fiscal Year ended January 31, 2026, and contributed to a steady First Half in the current 2027 Fiscal Year. Combined Hotel August Revenue for both hotels was $513,145, which led to total Hotel Revenue of approximately $4.5 million for the First Seven Fiscal Months of Fiscal 2027, a combined record. IHT’s strong hotel operating results are reflected in three of the five most recent Fiscal Years profitable, even after accounting for substantial depreciation and other non-cash expenses. These are positive signs for InnSuites, as progress remains strong, despite 2026 Travel Industry uncertainty.

On August 19, 2026, the Trust increased its shareholders’ equity by $3 million and reduced debt by $3 million.

InnSuites Hospitality Trust continues to explore diversification opportunities and opportunities to increase Equity, potentially including a merger or reverse merger, which is of high interest.

The continued growing demand for electricity from data centers plus the influx of electric vehicles, as well as projected growing needs for artificial intelligence, increased demand for electricity over the next five years is projected to approximately double, and bodes well for the IHT investment in UniGen Power, Inc. This product is a potentially power industry disruptive economical, relatively clean energy, cost effective electric generation innovation. Even though it is high risk, UniGen offers IHT high upside potential.

On February 20, 2026, James Wirth, IHT President, was elected Chairman, CEO, and President of UniGen, while Marc Berg, IHT EVP, was elected as Vice Chairman, EVP, and Secretary/Treasurer of UniGen, with plans to rejuvenate the UniGen progress, while also holding all the UniGen Board seats.

On March 5, 2025, REF, an investment entity owned by the chairman and family of IHT majority IHT shareholder, purchased IBC Hotels, LLC, and hired RRF LLLP, the management company subsidiary of InnSuites Hospitality Trust (IHT), to manage the rebirth of IBC. In the process, RRF LLLP, obtained a five-year option to purchase, at cost, IBC Hotels, LLC. This option is believed to provide IHT a valuable upside opportunity, if successful, to profit from the revitalization of InnDependent Boutique Collection (IBC Hotels).

IHT management believes that due to real estate held on the books of IHT at book values significantly below current market value, due to clean energy diversification high profit potential ahead, IBC independent hotel services prospects, a potential merger or reverse merger future, plus improving hospitality profitability before non-cash depreciation and other non-cash items, along with the recent increase of IHT equity of $3 million, the IHT future looks bright.

IHT future plans include continuation of its uninterrupted annual dividend, beginning in its inception in 1971, with the next dividend tentatively scheduled for February 15, 2027, at the beginning of the 2028 Fiscal Year.

Management believes that the Trust’s hotel operating results, real estate assets, capitalization initiatives, and strategic alternatives provide a positive basis for future of the Trust. There can be no assurance that any of these initiatives will be successful, that the Trust will complete any equity-enhancing transaction, or that the Trust will regain or maintain compliance with NYSE American continued listing standards.

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. Forward-looking statements include, without limitation, statements regarding the Trust’s intended submission of a compliance plan to NYSE American; the Trust’s ability to regain compliance with NYSE American continued listing standards; potential actions to increase stockholders’ equity; potential conversion of related-party indebtedness into IHT equity; potential capital-raising, capitalization restructuring, or strategic transactions; potential merger or reverse merger opportunities; operating initiatives; hotel operating trends; future annual dividends; diversification opportunities; opportunities involving IBC Hotels, LLC and UniGen Power, Inc.; and expected costs, benefits, timing, or results of any of the foregoing.

Actual developments, business decisions, results, and future actions may differ materially from those expressed or implied by such forward-looking statements. Important factors, among others, that could cause actual results and future actions to differ materially include: NYSE American’s review of the Trust’s compliance plan; the Trust’s ability to complete any equity-enhancing transaction; the Trust’s ability to regain and maintain compliance with NYSE American continued listing standards; the availability, terms, and timing of financing or capitalization alternatives; the outcome of any related-party transaction review; accounting treatment of proposed transactions; required board, committee, NYSE American, shareholder, or other approvals; market conditions; hotel operating results; seasonality; liquidity needs; the outcome of any merger or reverse merger or strategic transaction discussions; the timing and success of potential diversification initiatives; risks relating to IBC Hotels, LLC and UniGen Power, Inc.; economic effects of international conflicts, tariffs, inflation, interest rates, travel industry conditions, and other macroeconomic factors; and the risks described in the Trust’s filings with the Securities and Exchange Commission.

The Trust undertakes no obligation to update any forward-looking statement contained in this news release to reflect events or circumstances after the date of this news release, except as 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

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What fiscal period does InnSuites’ 2027 first half cover?

Fiscal 2027 for InnSuites runs from February 1, 2026 through January 31, 2027. The reported first fiscal half covers the six months ended July 31, 2026.

What is UniGen Power and how is IHT involved?

UniGen Power is described as a potentially power industry disruptive, economical, relatively clean, cost-effective electric generation innovation. IHT holds an investment in UniGen and sees high risk but high upside potential. On February 20, 2026, IHT President James Wirth became Chairman, CEO, and President of UniGen, and IHT EVP Marc Berg became Vice Chairman, EVP, and Secretary/Treasurer, with IHT executives holding all UniGen board seats.

What upside does IHT see from IBC Hotels?

On March 5, 2025, REF, an investment entity owned by the chairman and family of IHT’s majority shareholder, purchased IBC Hotels, LLC and hired RRF LLLP, InnSuites’ management subsidiary, to manage its rebirth. In this process, RRF LLLP obtained a five-year option to purchase IBC Hotels, LLC at cost, which is believed by IHT to offer valuable upside if the revitalization of InnDependent Boutique Collection (IBC Hotels) is successful.

What are InnSuites’ plans regarding dividends?

IHT states that it plans to continue its uninterrupted annual dividend tradition, which began at its inception in 1971. The next dividend is tentatively scheduled for February 15, 2027, at the beginning of the 2028 fiscal year.