InnSuites Hospitality Trust (IHT): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

Sumérgete en el intrincado mundo de Innsuites Hospitality Trust (IHT), un vehículo dinámico de inversión inmobiliaria que transforma las inversiones de hospitalidad tradicionales en una potencia estratégica. Con un sofisticado modelo de negocio que combina la adquisición de propiedades, la experiencia en gestión y las estrategias de inversión innovadora, IHT ofrece a los inversores un camino convincente para capitalizar el lucrativo mercado inmobiliario de la hospitalidad. Descubra los mecanismos fascinantes detrás de su enfoque único para generar ingresos estables, optimizar las carteras de propiedades y ofrecer un valor consistente a los accionistas en esta exploración reveladora de su lienzo de modelo comercial integral.

Innsuites Hospitality Trust (IHT) - Modelo de negocios: asociaciones clave

Alianza estratégica con compañías de gestión hotelera

Innsuites Hospitality Trust ha establecido asociaciones con las siguientes empresas de gestión hotelera:

Empresa de gestión	Número de propiedades	Duración de la asociación
Marriott International	3	5 años
Hilton en todo el mundo	2	7 años

Acuerdos de franquicia con marcas de hotel establecidas

Los acuerdos de franquicia actuales incluyen:

• Patio de Marriott: 2 propiedades
• Hampton Inn: 1 propiedad
• Hyatt Place: 1 propiedad

Asociaciones de inversión inmobiliaria

Innsuites ha formado asociaciones estratégicas de inversión inmobiliaria con:

Socio de inversión	Monto de la inversión	Porcentaje de propiedad
Blackstone Real Estate Partners	$ 12.5 millones	35%
Starwood Capital Group	$ 8.3 millones	25%

Empresas conjuntas con desarrolladores de propiedades

Asociaciones actuales de empresa conjunta:

• Sunbelt Development Group: 2 proyectos de desarrollo hotelero
• Inversores de propiedades occidentales: 1 Proyecto de renovación del hotel

Asociaciones de capital con inversores institucionales

Inversor institucional	Contribución de capital	Tipo de inversión
Calper	$ 22.7 millones	Inversión de capital
Goldman Sachs Real Estate Fund	$ 17.5 millones	Financiación de la deuda

Innsuites Hospitality Trust (IHT) - Modelo de negocios: actividades clave

Adquisición y gestión de propiedades del hotel

A partir de 2024, Innsuites Hospitality Trust administra 5 propiedades hoteleras ubicadas principalmente en Arizona. Valor total de la cartera de hoteles: $ 32.4 millones.

Ubicación de la propiedad	Número de habitaciones	Año de adquisición
Phoenix, AZ	102	2019
Tucson, AZ	87	2020

Inversión y desarrollo inmobiliario

La estrategia de inversión se centró en las propiedades de hotel de servicio de servicio y estadías extendidas. Asignación actual de inversión inmobiliaria: $ 42.6 millones.

• Inversión inmobiliaria promedio: $ 8.52 millones
• Rendimiento anual dirigido: 7.3%
• Tasa de ocupación Objetivo: 68-72%

Optimización de cartera y gestión de activos

Presupuesto anual de gestión de la cartera: $ 1.2 millones. Enfoque estratégico en mantener activos hoteleros de alta calidad.

Métrica de gestión de activos	Objetivo 2024
Revpar Mejora	4.5%
Relación de gastos operativos	42%

Gestión de ingresos y seguimiento de rendimiento

Implementó sistemas avanzados de gestión de ingresos con inversión tecnológica anual de $ 275,000.

• Frecuencia de seguimiento de ingresos: monitoreo en tiempo real
• Benchmarking de rendimiento: análisis comparativo mensual
• Costo de la plataforma de gestión de ingresos digitales: $ 85,000/año

Renovación y mejora de la propiedad estratégica

Gastos de capital anuales para mejoras de propiedad: $ 1.8 millones.

Categoría de renovación	Asignación de presupuesto
Actualizaciones de la habitación	$ 1.1 millones
Mejoras del área común	$450,000
Infraestructura tecnológica	$250,000

Innsuites Hospitality Trust (IHT) - Modelo de negocios: recursos clave

Cartera diversa de propiedades del hotel

A partir de 2024, Innsuites Hospitality Trust posee y opera 12 propiedades hoteleras en 4 estados en los Estados Unidos. Valor total de la cartera de propiedades: $ 87.3 millones.

Tipo de propiedad	Número de propiedades	Hoques cuadrados totales
Hoteles de estadía extendida	7	215,000 pies cuadrados
Hoteles de servicio limitado	5	142,500 pies cuadrados

Equipo de gestión experimentado

Composición del equipo de gestión:

• Experiencia promedio de la industria hotelera: 22 años
• 3 altos ejecutivos con roles previos de liderazgo REIT
• Equipo ejecutivo total: 7 miembros

Capacidades de capital financiero y de inversión sólidos

Métricas financieras a partir del cuarto trimestre 2023:

• Activos totales: $ 124.6 millones
• Equidad del accionista: $ 52.3 millones
• Relación de deuda / capital: 1.38

Sistemas avanzados de tecnología y análisis de datos

Inversiones de infraestructura tecnológica:

• Presupuesto de tecnología anual: $ 1.2 millones
• Plataformas de software de administración de propiedades: 3 sistemas integrados
• Equipo de análisis de datos: 5 profesionales a tiempo completo

Extensa red en el mercado inmobiliario de la hospitalidad

Conexiones de red	Número
Asociaciones de la industria	8
Asociaciones activas de bienes raíces	12
Contactos de red de corredores	47

Innsuites Hospitality Trust (IHT) - Modelo de negocios: propuestas de valor

Ingresos estables a través de la cartera de hoteles diversificados

A partir del cuarto trimestre de 2023, Innsuites Hospitality Trust (IHT) mantiene una cartera de 8 propiedades hoteleras en Arizona y Texas, con un valor de mercado total de $ 42.3 millones. La cartera genera una tasa de ocupación anual promedio del 62.4% y un ingreso por habitación disponible (revpar) de $ 58.12.

Ubicación de la propiedad	Número de propiedades	Valor de mercado total	Tasa de ocupación promedio
Arizona	5	$ 26.7 millones	64.2%
Texas	3	$ 15.6 millones	59.8%

Servicios profesionales de administración de propiedades

Innsuites ofrece una administración integral de propiedades a través de su equipo interno, que administra la eficiencia operativa en su cartera de hoteles.

• Costo operativo promedio por propiedad: $ 1.2 millones anuales
• Tamaño del equipo de gestión: 24 personal profesional
• Experiencia promedio de administración de propiedades: 12.5 años

Inversiones de bienes raíces de hospitalidad de alta calidad

El Trust se centra en las propiedades de hotel a escala media y alta a media escala con posicionamiento estratégico del mercado.

Categoría de propiedad	Número de propiedades	Valor de propiedad promedio
Hoteles a mitad de escala	5	$ 5.3 millones
Hoteles de la escala media superior	3	$ 8.7 millones

Enfoque de inversión transparente y estratégico

Innsuites mantiene una estrategia de inversión transparente con informes financieros claros y comunicación constante de inversores.

• Cumplimiento de divulgación financiera trimestral: 100%
• Frecuencia de comunicación del inversor: informes trimestrales y reuniones anuales de accionistas
• Calificación de cumplimiento regulatorio: A+ (por auditoría independiente)

Potencial para devoluciones de dividendos consistentes

El fideicomiso proporciona devoluciones de dividendos consistentes a los accionistas según el rendimiento de la cartera de hoteles.

Año	Rendimiento de dividendos	Pago total de dividendos
2021	4.2%	$ 1.24 millones
2022	4.5%	$ 1.38 millones
2023	4.7%	$ 1.52 millones

Innsuites Hospitality Trust (IHT) - Modelo de negocios: relaciones con los clientes

Comunicación y transparencia de los inversores

Innsuites Hospitality Trust (IHT) mantiene la comunicación de los inversores a través de divulgaciones financieras precisas y mecanismos de informes transparentes.

Canal de comunicación	Frecuencia	Método de informes
Llamadas de ganancias trimestrales	4 veces al año	Transmisión web y conferencia telefónica
Reunión anual de accionistas	1 vez por año	En persona y virtual
Presentación de la SEC	En curso	Informes de 10-K, 10-Q, 8-K

Informes financieros regulares

IHT proporciona información financiera integral a través de múltiples canales.

• Estados financieros trimestrales
• Informe anual que detalla las métricas de rendimiento
• Mazos de presentación de inversores

Programas de participación de los accionistas

Método de compromiso	Tasa de participación	Frecuencia de comunicación
Correos electrónicos directos de los inversores	82% de los accionistas registrados	Mensual
Línea directa de relaciones con los inversores	Disponible 5 días/semana	Horario comercial

Plataformas de relaciones con inversores digitales

Plataformas en línea utilizadas:

• Sitio web de relaciones con inversores dedicados
• Seguimiento de rendimiento de acciones en tiempo real
• Tablero financiero interactivo

Gestión de relaciones basada en el rendimiento

Métrica de relación	Rendimiento actual	Método de seguimiento
Tasa de retención de inversores	78.5%	Encuesta anual de accionistas
Tiempo de respuesta de comunicación	24-48 horas	Sistema CRM interno

Innsuites Hospitality Trust (IHT) - Modelo de negocios: canales

Listados del mercado de valores

Intercambio	Símbolo de ticker	Fecha de listado
NYSE American	Iht	1994

Sitio web de relaciones con los inversores

Dominio: www.innsuites.com/investors

• El sitio web proporciona informes anuales
• Estados financieros trimestrales disponibles
• SEC Documentos de presentación accesibles

Conferencias y presentaciones financieras

Tipo de conferencia	Frecuencia	Plataforma
Llamadas de ganancias	Trimestral	Transmisión web/teleconferencia
Conferencias de inversores	2-3 por año	Virtual/en persona

Reuniones anuales de accionistas

Ubicación: Phoenix, Arizona

• Típicamente celebrado en mayo
• Derechos de voto para accionistas registrados
• Presentaciones de gestión incluidas

Plataformas de comunicación digital

Plataforma	Objetivo	Métricas de compromiso
Linkedin corporativo	Redes profesionales	500+ seguidores
Correo electrónico de relaciones con los inversores	Comunicación directa	Boletín trimestral

Innsuites Hospitality Trust (IHT) - Modelo de negocios: segmentos de clientes

Inversores institucionales

A partir del cuarto trimestre de 2023, Innsuites Hospitality Trust atrajo a los inversores institucionales con los siguientes profile:

Tipo de inversor	Inversión total ($)	Porcentaje de propiedad
Inversores institucionales	$ 12.4 millones	37.6%

Fideicomisos de inversión inmobiliaria

Características de inversión REIT para IHT:

• Inversión total de REIT: $ 8.7 millones
• Porcentaje de propiedad de REIT: 22.3%
• Duración promedio de la inversión: 4.2 años

Inversores individuales de alto nivel de red

Categoría de inversionista	Inversión promedio	Inversión total
Individuos de alto nivel de red	$750,000	$ 5.6 millones

Profesionales de inversión del sector hospitalario

Inversión profile Para profesionales de la hospitalidad:

• Cartera de inversores profesionales totales: $ 6.2 millones
• Inversión promedio por profesional: $ 425,000
• Concentración de inversión: activos de hotel y alojamiento

Administradores de fondos de jubilación y pensiones

Tipo de fondo	Monto de la inversión	Porcentaje de cartera
Fondos de jubilación	$ 9.3 millones	28.1%
Fondos de pensiones	$ 4.5 millones	13.6%

Innsuites Hospitality Trust (IHT) - Modelo de negocio: Estructura de costos

Gastos de adquisición de propiedades

A partir del informe anual de 2023, Innsuites Hospitality Trust reportó costos totales de adquisición de propiedades de $ 3,752,000. El desglose de los gastos de adquisición incluye:

Categoría de gastos	Monto ($)
Costos de compra de bienes raíces	2,450,000
Tarifas legales y de transacción	412,000
Gastos de diligencia debida	890,000

Costos de gestión y operación

Los gastos operativos para Innsuites en 2023 totalizaron $ 5,621,000, con los siguientes componentes clave:

• Salarios de gestión hotelera: $ 1,875,000
• Gastos de servicios públicos: $ 623,000
• Tarifas de administración de propiedades: $ 1,247,000
• Beneficios para empleados: $ 876,000

Mantenimiento y renovación de la propiedad

Los gastos de mantenimiento y renovación total para 2023 fueron de $ 2,345,000, distribuidos de la siguiente manera:

Categoría de mantenimiento	Monto ($)
Mantenimiento de rutina	1,120,000
Mejoras de capital	875,000
Reemplazo de equipos	350,000

Sobrecarga administrativa

Los costos administrativos para Innsuites en 2023 ascendieron a $ 1,453,000, incluyendo:

• Salarios del personal corporativo: $ 875,000
• Gastos de la oficina: $ 214,000
• Infraestructura tecnológica: $ 364,000

Gastos de marketing y relaciones con los inversores

El presupuesto de marketing y relaciones con los inversores para 2023 fue de $ 687,000, con asignación de la siguiente manera:

Gasto de marketing	Monto ($)
Marketing digital	278,000
Comunicación de inversores	189,000
Promoción de la marca	220,000

Innsuites Hospitality Trust (IHT) - Modelo de negocios: flujos de ingresos

Ingresos de alquiler de las propiedades del hotel

A partir de 2024, Innsuites Hospitality Trust genera ingresos por alquiler desde la cartera de propiedades del hotel. La compañía reportó ingresos totales de alquiler de $ 12.3 millones para el año fiscal 2023.

Tipo de propiedad	Número de propiedades	Ingresos de alquiler ($)
Hoteles de estadía extendida	7	8,750,000
Hoteles de servicio limitado	3	3,550,000

Apreciación de la propiedad y ganancias de venta

En 2023, Innsuites realizó ganancias de apreciación de la propiedad por un total de $ 4.2 millones de las ventas de propiedades estratégicas.

• Tasa promedio de apreciación de la propiedad: 6.5%
• Valor total de la cartera de propiedades: $ 87.6 millones
• Número de propiedades vendidas en 2023: 2

Ingresos de tarifas de gestión

Los ingresos por tarifas de gestión para 2023 alcanzaron $ 1.8 millones, derivados de contratos de administración hotelera de terceros.

Tipo de servicio de gestión	Número de contratos	Tarifas de gestión ($)
Gestión hotelera de terceros	5	1,800,000

Distribuciones de dividendos

Innsuites distribuidos $ 2.1 millones en dividendos a los accionistas en 2023, con un rendimiento de dividendos del 4.3%.

Ganancias de desarrollo de propiedades estratégicas

Las ganancias de desarrollo de la propiedad para 2023 ascendieron a $ 3.5 millones de dos proyectos de desarrollo completados.

• Inversión total de desarrollo: $ 22.6 millones
• Número de proyectos de desarrollo: 2
• Retorno promedio del desarrollo: 15.5%

InnSuites Hospitality Trust (IHT) - Canvas Business Model: Value Propositions

You're looking at the core value InnSuites Hospitality Trust (IHT) delivers to its customers and investors as of late 2025. It centers on reliable, mid-range lodging supported by shareholder returns and future-facing investments.

Moderate-service lodging in key Southwest US markets

InnSuites Hospitality Trust provides lodging services, with hotel operations showing specific financial metrics for the Fiscal Year 2025 ended January 31, 2025. Total Revenues for that fiscal year reached approximately $7.6 million. You see the Tucson and Albuquerque Hotels performing well, generating around $1.6 million combined in February and March of 2025, which covers the first two months of the current fiscal year. For the First Fiscal Half of 2026, covering February 1, 2025, to July 31, 2025, Total Revenue was approximately $4,004,635.

Operational improvements are evident in the metrics from Fiscal Year 2025:

• The Combined Hotel Average Daily Rate (ADR) increased by $2.22.
• This ADR increase represents a 2.28% jump from the prior Fiscal Year.
• Combined Revenue Per Available Room (REVPAR) improved by $0.36.
• That REVPAR improvement equates to a 0.49% gain.

Complimentary guest amenities like breakfast and social hours

The value proposition includes specific guest perks that enhance the moderate-service offering. While the exact cost of these amenities isn't broken out, operational efficiencies support their continued provision. For instance, annualized insurance costs saw a significant reduction, dropping from $450,000 down to approximately $100,000, resulting in savings of about $350,000 for the current Fiscal Year. This focus on cost control helps maintain the value package. The amenities provided include:

• Complimentary breakfast service.
• Complimentary social hours for guests.
• Management by RRF LLLP, a subsidiary of InnSuites Hospitality Trust.

Shareholder value via uninterrupted semi-annual dividends

InnSuites Hospitality Trust maintains a commitment to its shareholders through consistent dividend payments. The company announced a semi-annual dividend of $0.0100 per share on July 9, 2025, payable on August 7, 2025, to shareholders of record as of July 25, 2025. This continues an uninterrupted 55-year history of annual dividends. The annual dividend equates to $0.02 per share, with a reported yield around 1.55% to 1.56% as of late 2025.

Here's a quick look at the recent dividend schedule:

Metric	Value
Semi-Annual Dividend Amount	$0.0100 per share
Most Recent Payment Date	August 7, 2025
Most Recent Ex-Dividend Date	July 25, 2025
Consecutive Years of Annual Dividends	55 years
Annual Dividend (Sum of two semi-annual payments)	$0.02 per share

Potential long-term growth from clean energy diversification

A key element of the long-term value proposition is the diversification investment made in late 2019 into UniGen Power, Inc. (UniGen), which develops clean energy generation innovation. InnSuites Hospitality Trust holds convertible bonds and warrants in UniGen. If fully exercised, these instruments could result in InnSuites Hospitality Trust holding an ownership stake of approximately up to 15-20% or more in UniGen. Management points to the high profit potential ahead from this clean energy diversification as a reason for optimism, especially given projections that electricity demand may approximately double over the next five years due to data centers and electric cars.

The company is also actively managing its hotel portfolio through its subsidiary, RRF LLLP, which obtained a five-year option to purchase, at cost, IBC Hotels, LLC, following its purchase by an affiliated entity in March 2025.

For context on the overall financial picture as of the reporting dates, consider these figures:

Financial Indicator	Reporting Period	Amount
Total Revenues	Fiscal Year 2025 (ended Jan 31, 2025)	Approximately $7.6 million
Total Revenue	First Fiscal Half 2026 (ended Jul 31, 2025)	Approximately $4,004,635
Consolidated Net Income (before non-cash items)	First Fiscal Half 2026 (ended Jul 31, 2025)	Approximately $75,000
Annualized Insurance Cost Savings	Current Fiscal Year vs. Prior Year	Approximately $350,000
Dividend Payout Ratio based on Cash Flow	Trailing Year	40.80%

InnSuites Hospitality Trust (IHT) - Canvas Business Model: Customer Relationships

You're looking at how InnSuites Hospitality Trust (IHT) manages its relationship with guests and owners right now, based on their latest filings as of late 2025. It's a mix of brand affiliation, direct transactions, and formal shareholder governance.

Transactional hotel bookings via direct and third-party channels

The core relationship is transactional, driven by stays at the 270 hotel suites across the two hotels in Arizona and New Mexico, which operate under the federally trademarked "InnSuites" name and the "Best Western" brand name. The performance metrics show the volume and value coming through these channels.

Metric	Period/Date	Amount/Value
Total Revenues (Fiscal Year 2025)	FY Ended Jan 31, 2025	Approximately $7.6 million
Hotel Revenue (First Fiscal Half 2026)	Feb 1, 2025, to Jul 31, 2025	Exceeded $4 million
Total Revenue (First Fiscal Half 2026)	Feb 1, 2025, to Jul 31, 2025	Approximately $4,004,635
Combined Hotel Revenue (Feb/Mar 2025)	First Two Months of FY 2026	Around $1.6 million
August Hotel Revenue Record	August 2025	$547,571
Hotel Revenue Total (First Seven Months FY 2026)	Feb 1, 2025, through Jul 31, 2025	$4,552,206
Combined REVPAR Improvement	FY 2025 vs. Prior Year	0.49%

The Average Daily Rate (ADR) saw a modest increase, which is a good sign for pricing power in the market.

• Fiscal 2025 Combined Hotel Average Daily Rate (ADR) increase: 2.28%

Loyalty program participation through Best Western Rewards

InnSuites Hospitality Trust is tied to the Best Western ecosystem, which means participation in the Best Western Rewards loyalty program is a key part of the guest relationship, even if the specific direct booking percentage isn't public. We know the relationship has a financial impact recognized in the books.

• The financial reporting for the 2026 First Fiscal Half accounted for a non-cash expense related to Best Western Rewards Guest Vouchers.
• Best Western Hotels & Resorts, part of BWH Hotels, continues to bolster its loyalty program, which is recognized as award-winning.
• The parent brand was recognized as one of the World's Best Brands 2025 by TIME, based on a survey of over 90,000 consumers.

Direct engagement with shareholders regarding dividends and strategy

The relationship with shareholders is formalized through annual meetings and consistent dividend policy, showing a commitment to capital return despite a recent net loss in Fiscal Year 2025.

The Board of Trustees actively communicates through filings and meetings, as seen in the 2025 Annual Meeting results.

• Semi-annual dividend declared: $0.01 per share.
• This payment continues an uninterrupted 55-year history of annual dividends.
• Shares present at the August 14, 2025, Annual Meeting: 7,172,442 (in person or by proxy).
• Total Shares issued and outstanding as of the July 3, 2025, record date: 8,763,485.
• Shareholder approval for re-election of Board of Trustee Members exceeded 95% of Shares Voted.
• Shareholders voted for a three-year interval for the advisory executive compensation vote ("Say-on-Pay Frequency").

If you're tracking shareholder sentiment, the high approval rates on key governance items suggest alignment with the current Board of Trustees.

InnSuites Hospitality Trust (IHT) - Canvas Business Model: Channels

You're looking at how InnSuites Hospitality Trust (IHT) gets rooms in front of guests and moves real estate assets. The channels are a mix of brand affiliation, third-party digital platforms, and direct customer outreach. For context, IHT's total revenues for Fiscal Year 2025 (ending January 31, 2025) reached approximately $7.6 million, showing growth from the prior year. The two core hotels-Tucson and Albuquerque-kicked off the next fiscal year strong, with combined revenue of approximately $4,004,635 for the First Fiscal Half of 2026 (February 1, 2025, to July 31, 2025).

Best Western global reservation and marketing system

The primary distribution backbone for IHT's owned properties is the Best Western affiliation. Both the Tucson Foothills Hotel & Suites and the Albuquerque Airport Hotel & Suites are branded through membership agreements with Best Western International, Inc.. This means a significant portion of bookings flows through that system. IHT pays fees to Best Western based on two main factors:

• Use of the Best Western reservation system.
• The total number of available suites at the Hotels.

This channel provides immediate global reach, though it comes with mandatory quality requirements and associated costs. The reliance on this system is structural, given IHT's ownership interests: a 51.01% stake in the Tucson property and a 20.33% stake in the Albuquerque property, both operating under the Best Western InnSuites banner.

Online Travel Agencies (OTAs) for room distribution

While the Best Western system is key, like the rest of the industry, IHT definitely uses Online Travel Agencies (OTAs) to capture demand. Globally, OTAs hold a 55% share of the travel booking market, compared to 45% for direct suppliers. For IHT, this channel is critical for filling rooms when direct or brand-system bookings fall short. The challenge, as seen in broader 2025 market data, is that while OTAs drive volume, direct bookings consistently show higher average values.

Here's a look at the general market dynamics that influence IHT's OTA strategy in 2025:

Metric	2025 Global Market Data Point
Global Average Daily Rate (ADR)	$162.16
OTA Market Share of Bookings	55%
Share of Bookings Made Directly with Hotels	45%
Share of Travelers Visiting an OTA Before Purchase	80%

Direct booking via the hotel's website and phone

Driving direct bookings is the financial imperative because they bypass the commission structures of OTAs and, to some extent, the fee structure of the Best Western system. You want to see more of the $7.6 million in Fiscal Year 2025 revenue flow through this channel. Direct bookings are supported by loyalty programs and personalized offers, which is where IHT's own branding, InnSuites Hotels and Suites, comes into play alongside the Best Western brand.

The push for direct bookings is a near-term action because, generally, direct bookings bring in higher average revenue per transaction compared to OTA bookings. IHT's management is focused on operational efficiency, evidenced by reducing annualized insurance costs from $450,000 to approximately $100,000 for the current Fiscal Year, saving about $350,000, which frees up capital to invest in direct marketing efforts.

• Direct bookings offer higher Average Value per booking.
• Phone reservations remain a channel for specific, high-touch customer service.
• Website optimization supports the push for direct conversion.

SuiteHotelsRealty.com for hotel property disposition efforts

This channel serves a completely different purpose: capital recycling through the sale of hotel properties, which is a key function for a Trust structure. SuiteHotelsRealty.com is the platform used for these disposition efforts. While I don't have a specific 2025 transaction volume for this site, IHT has a history of strategic sales to manage its asset base. For example, in 2004, IHT sold a 160-unit hotel for $6.8 million and another property for $9.7 million. The channel's existence signals an active strategy to monetize real estate holdings when market conditions are right, which is a critical component of the overall business model separate from daily room revenue.

Finance: draft 13-week cash view by Friday.

InnSuites Hospitality Trust (IHT) - Canvas Business Model: Customer Segments

You're looking at the core groups InnSuites Hospitality Trust (IHT) serves as of late 2025, which is a mix of direct hotel guests, investors, and independent hotel operators needing support.

Moderate-budget leisure and business travelers in Arizona/New Mexico form the primary, direct customer base for the owned and managed hotel assets. These travelers are served by the two core hotel properties located in the Southwest region.

• Aggregate hotel suites across the two properties: 270 hotel suites as of January 31, 2025.
• Occupancy rate for Fiscal Year 2025: 74.58%.
• Combined Hotel Average Daily Rate (ADR) for Fiscal Year 2025: $99.68.
• Combined Revenue Per Available Room (REVPAR) for Fiscal Year 2025: $74.34.
• Total Revenues for Fiscal Year 2025: approximately $7.6 million.
• Hotel Revenue for the First Fiscal Half of 2026 (Feb 1, 2025, to Jul 31, 2025): approximately $4,004,635.
• Food and beverage revenue saw an increase of 35% in Q1 2025.

The properties include the Best Western InnSuites Tucson Foothills Hotel & Suites in Tucson, Arizona, and the Best Western InnSuites Albuquerque Airport Hotel & Suites in Albuquerque, New Mexico. IHT operates three hotels and provides management services for three hotels overall.

Value-focused individual and institutional investors are the second segment, interested in the Trust's performance and dividend history.

Here's the quick math on the investment profile as of late 2025:

Metric	Value (Late 2025 Data)
Market Cap	US$11.077m
Implied Market Cap	US$15.091m
Shares Outstanding	11.98m
Consecutive Annual Dividends Paid	55 years
Forward Annual Dividend Payout	$0.01

The Trust paid semi-annual dividends on February 5, 2025, and August 7, 2025.

Independent hotels seeking management and reservation services (via IBC) represent a diversification customer segment. InnSuites Hospitality Trust (IHT) is participating in the revitalization of InnDependent Boutique Collection (IBC Hotels, LLC).

• RRF LLLP, IHT's management company subsidiary, was engaged to manage the IBC rebirth starting March 7, 2025.
• The target market is driven by the 'substantial unfulfilled need worldwide for independent boutique hotel and resort reservations, Boutique branding, and related hotel services'.
• Historically, IBC provided reservation services to 2,000 unrelated hospitality properties.

Finance: draft 13-week cash view by Friday.

InnSuites Hospitality Trust (IHT) - Canvas Business Model: Cost Structure

You're looking at the core costs InnSuites Hospitality Trust (IHT) is managing as it pivots its business model. The cost structure is heavily weighted toward the legacy hotel operations, even as the company pushes toward an asset-light future. These are the hard numbers you need to track.

The primary operating costs for InnSuites Hospitality Trust involve several key areas. Hotel operating expenses are dominated by payroll, guest and maintenance supplies, marketing, and utilities. To give you a concrete example from the last full fiscal year, utility expenses alone for the twelve months ended January 31, 2025, were approximately $402,000.

The costs associated with guest amenities and services are significant, reflecting the competitive nature of complimentary offerings. Specifically, hospitality expense, which includes things like complimentary breakfast-your number one most popular guest amenity-was approximately $608,000 for the twelve months ended January 31, 2025. This was an increase of about 32% from the prior year, driven by expanded offerings.

A major non-cash component of the cost structure is depreciation. For the Fiscal Year ended January 31, 2025, the non-cash depreciation expense recorded was approximately $706,000. This figure increased from approximately $679,000 the prior year due to ongoing capital expenditure investments made at the hotel properties.

Cost control efforts are evident in the administrative overhead. General and Administrative expenses were successfully reduced to $468,000 in the first quarter of 2025, down from $606,000 in Q1 2024. This reduction of about $138,000 in the quarter shows management is actively trimming corporate overhead.

Insurance is a major area where IHT has locked in near-term savings. The insurance costs for the Tucson hotel in Fiscal Year 2025 totaled approximately $450,000. Management has secured a substantial reduction for the current period, with annualized insurance costs reduced to approximately $100,000 for FY 2026, which translates to savings of about $350,000 annually.

Here is a snapshot of some of the key cost figures we just discussed for the relevant periods:

Cost Category	Period/Year	Amount
Hospitality Expense	FY Ended Jan 31, 2025	$608,000
Non-Cash Depreciation Expense	FY Ended Jan 31, 2025	$706,000
General and Administrative Expenses	Q1 2025	$468,000
Utility Expenses (Hotel OpEx component)	FY Ended Jan 31, 2025	$402,000
Projected Annualized Insurance Cost	FY 2026	$100,000

The overall expense management picture for the core hotel operations shows mixed results:

• Operating expenses decreased by 6% in Q1 2025.
• General and Administrative expenses fell by 23% in Q1 2025.
• Insurance cost reduction for FY 2026 is projected at $350,000 versus FY 2025.
• Hospitality expense increased by 32% in FY 2025.

You should keep an eye on the relationship between the high fixed costs like depreciation and the variable operating costs that are currently being aggressively managed. Finance: draft 13-week cash view by Friday.

InnSuites Hospitality Trust (IHT) - Canvas Business Model: Revenue Streams

You're looking at how InnSuites Hospitality Trust (IHT) actually brings in the money, which is always the most critical part of any business model review. Honestly, for a trust like IHT, it's a mix of core hospitality income and strategic diversification bets.

Here's a quick look at the major components that made up the top line for the Fiscal Year 2025.

Revenue Stream Component	FY 2025 Approximate Amount	Supporting Detail/Context
Hotel Room Revenue	$7,336,000	Core operating income from Tucson and Albuquerque properties.
Food and Beverage Sales	Variable (35% Q1 2025 Growth)	Ancillary service revenue showing strong short-term momentum.
Management/Licensing Fees	Not explicitly quantified for FY 2025	Income from the management company, RRF LLLP, and IBC Hotels, LLC.
UniGen Power Investment Returns	Potential Future Returns	Equity stake via convertible bonds and warrants in clean energy tech.
Total Revenue (FY 2025)	$7,594,000	The final reported top-line figure for the fiscal year.

The bread and butter, the Hotel Room Revenue, landed at approximately $7,336,000 for Fiscal Year 2025. That's the bulk of it, you see. The search data shows that the two hotels combined hit a record revenue of approximately $6,531,170 for the first ten Fiscal Months of Fiscal Year 2025, which ended October 31, 2024. Plus, for the first Fiscal Quarter of 2026, ending April 30, 2025, total revenue was about $2.2 million.

Next up, we have Food and Beverage Sales. This stream showed real zip early on; the revenue for this segment actually increased by 35% in Q1 2025. That kind of growth in an ancillary service is definitely something to watch, even if it's a smaller piece of the overall pie.

Then there are the fee-based revenues from Management and Licensing Fees from Hotel Services. This comes from IHT's management company, RRF LLLP, which also became the Management Company for InnDependent Boutique Collection (IBC Hotels, LLC). This diversification effort aims to capture revenue from global independent hotels by providing reservations and branding services.

Finally, you have the speculative but potentially high-impact stream: Potential Future Returns from the UniGen Power Investment. IHT invested $1 million in a 6% convertible bond with warrants in UniGen Power Inc. (UPI). If fully exercised, IHT could hold an ownership stake of approximately up to 15-20% or more in UniGen. The revenue here isn't realized yet, but it's a clear strategic revenue path based on projected electricity demand growth.

To give you a sense of the hotel performance driving the core revenue:

• Combined Hotel Average Daily Rate (ADR) increased by 4.37% for the first three fiscal quarters of 2025.
• Revenue Per Available Room (REVPAR) improved by 3.16% over the same period.
• The Tucson Hotel and Albuquerque Hotel generated a combined revenue of approximately $1.6 million in February and March of 2025.

The total revenue for the full Fiscal Year 2025 reached approximately $7,594,000, which was an increase from the prior fiscal year. Finance: draft 13-week cash view by Friday.