InnSuites Hospitality Trust reports hotel operations and diversification updates for a hospitality-focused real estate investment trust listed on NYSE American under the symbol IHT. The Trust owns and operates hotel properties, provides hotel management services through RRF LLLP, and reports activity tied to its Tucson and Albuquerque hotels, including hotel revenue, average daily rate and RevPAR trends.
Recurring news also covers semi-annual dividend declarations, annual meeting and proxy matters, IBC Hotels management and InnDependent Boutique Collection initiatives, and the Trust's diversification investment in UniGen Power clean-energy technology.
InnSuites Hospitality Trust (NYSE American: IHT) received a notice from NYSE Regulation on July 1, 2020, indicating non-compliance with continued listing standards due to the failure to file its Annual Report on Form 10-K for the year ending January 31, 2020. The Trust is actively working to submit the delinquent report and expects to file it by July 20, 2020. The NYSE notice does not currently affect the trading of IHT shares.
On July 6, 2020, InnSuites Hospitality Trust (IHT) announced a dividend of $0.01 per share, marking its 50th consecutive annual dividend. This dividend is payable on July 31, 2020 to shareholders of record by July 16, 2020. The announcement underscores the Trust's commitment to returning value to shareholders despite ongoing economic uncertainties and challenges in the hospitality industry.