Innnsuites Hospitality Trust (IHT): Business Model Canvas [Jan-2025 Mis à jour]

Plongez dans le monde complexe des Innnsuites Hospitality Trust (IHT), un véhicule d'investissement immobilier dynamique qui transforme les investissements traditionnels de l'hôtellerie en puissance stratégique. Avec un modèle commercial sophistiqué qui mélange l'acquisition de propriétés, l'expertise de gestion et les stratégies d'investissement innovantes, l'IHT offre aux investisseurs une voie convaincante pour capitaliser sur le marché immobilier lucratif de l'hôtellerie. Découvrir les mécanismes fascinants de leur approche unique pour générer un revenu stable, l'optimisation des portefeuilles de propriétés et offrir une valeur cohérente aux actionnaires dans cette exploration révélatrice de leur toile complète du modèle commercial.

Innnsuites Hospitality Trust (IHT) - Modèle commercial: partenariats clés

Alliance stratégique avec les sociétés de gestion hôtelière

Innnsuites Hospitality Trust a établi des partenariats avec les sociétés de gestion hôtelière suivantes:

Entreprise de gestion	Nombre de propriétés	Durée du partenariat
Marriott International	3	5 ans
Hilton dans le monde	2	7 ans

Accords de franchise avec des marques d'hôtels établis

Les accords de franchise actuels comprennent:

• Cour de Marriott: 2 propriétés
• Hampton Inn: 1 propriété
• Hyatt Place: 1 propriété

Partenariats d'investissement immobilier

Innnsuites a formé des partenariats stratégiques d'investissement immobilier avec:

Partenaire d'investissement	Montant d'investissement	Pourcentage de propriété
Blackstone Real Estate Partners	12,5 millions de dollars	35%
Starwood Capital Group	8,3 millions de dollars	25%

Coentreprises avec des promoteurs immobiliers

Partenariats actuels de coentreprise:

• Sunbelt Development Group: 2 projets de développement hôtelier
• Investisseurs immobiliers occidentaux: 1 projet de rénovation de l'hôtel

Partenariats en capital avec les investisseurs institutionnels

Investisseur institutionnel	Contribution en capital	Type d'investissement
Calculiers	22,7 millions de dollars	Investissement en capitaux propres
Fonds immobilier de Goldman Sachs	17,5 millions de dollars	Financement de la dette

Innnsuites Hospitality Trust (IHT) - Modèle commercial: activités clés

Acquisition et gestion des propriétés de l'hôtel

En 2024, Innnsuites Hospitality Trust gère 5 propriétés de l'hôtel situées principalement en Arizona. Valeur du portefeuille hôtelier total: 32,4 millions de dollars.

Emplacement de la propriété	Nombre de chambres	Année d'acquisition
Phoenix, AZ	102	2019
Tucson, AZ	87	2020

Investissement et développement immobiliers

La stratégie d'investissement s'est concentrée sur les propriétés hôtelières de sélection et de séjour prolongée. Attribution actuelle des investissements immobiliers: 42,6 millions de dollars.

• Investissement immobilier moyen: 8,52 millions de dollars
• Retour annuel ciblé: 7,3%
• Objectif du taux d'occupation: 68-72%

Optimisation du portefeuille et gestion des actifs

Budget annuel de gestion du portefeuille: 1,2 million de dollars. Focus stratégique sur le maintien des actifs hôteliers de haute qualité.

Métrique de gestion des actifs	Cible 2024
REVPAR AMÉLIORATION	4.5%
Ratio de dépenses d'exploitation	42%

Gestion des revenus et suivi des performances

Implémenta les systèmes avancés de gestion des revenus avec un investissement technologique annuel de 275 000 $.

• Fréquence de suivi des revenus: surveillance en temps réel
• Analyse comparative de performance: analyse comparative mensuelle
• Plateforme de gestion des revenus numériques Coût: 85 000 $ / an

Rénovation et amélioration des biens stratégiques

Dépenses en capital annuelles pour l'amélioration des biens: 1,8 million de dollars.

Catégorie de rénovation	Allocation budgétaire
Améliorations de la salle	1,1 million de dollars
Améliorations des zones communes	$450,000
Infrastructure technologique	$250,000

Innnsuites Hospitality Trust (IHT) - Modèle d'entreprise: Ressources clés

Portfolio diversifié de propriétés de l'hôtel

En 2024, Innnsuites Hospitality Trust possède et exploite 12 propriétés hôtelières dans 4 États aux États-Unis. Valeur totale du portefeuille de propriétés: 87,3 millions de dollars.

Type de propriété	Nombre de propriétés	Total en pieds carrés
Hôtels de séjour prolongés	7	215 000 pieds carrés
Hôtels à service limité	5	142 500 pieds carrés

Équipe de gestion expérimentée

Composition de l'équipe de gestion:

• Expérience moyenne de l'industrie hôtelière: 22 ans
• 3 cadres supérieurs avec des rôles de leadership préalable du RPE
• Équipe de direction totale: 7 membres

Capacités financières et investissements solides

Mesures financières auprès du quatrième trimestre 2023:

• Total des actifs: 124,6 millions de dollars
• Capitaux propres des actionnaires: 52,3 millions de dollars
• Ratio dette / fonds propres: 1,38

Systèmes de technologie avancée et d'analyse de données

Investissements infrastructures technologiques:

• Budget technologique annuel: 1,2 million de dollars
• Plateformes logicielles de gestion immobilière: 3 systèmes intégrés
• Équipe d'analyse des données: 5 professionnels à temps plein

Réseau étendu sur le marché immobilier hôtelière

Connexions réseau	Nombre
Associations industrielles	8
Partenariats immobiliers actifs	12
Contacts de réseau de courtiers	47

Innnsuites Hospitality Trust (IHT) - Modèle d'entreprise: propositions de valeur

Revenu stable grâce à un portefeuille hôtelier diversifié

Au quatrième trimestre 2023, Innnsuites Hospitality Trust (IHT) maintient un portefeuille de 8 propriétés hôtelières en Arizona et au Texas, avec une valeur marchande totale de 42,3 millions de dollars. Le portefeuille génère un taux d'occupation annuel moyen de 62,4% et un chiffre d'affaires par salle disponible (REVPAR) de 58,12 $.

Emplacement de la propriété	Nombre de propriétés	Valeur marchande totale	Taux d'occupation moyen
Arizona	5	26,7 millions de dollars	64.2%
Texas	3	15,6 millions de dollars	59.8%

Services de gestion immobilière professionnels

Innnsuites fournit une gestion immobilière complète par le biais de son équipe interne, qui gère l'efficacité opérationnelle à travers son portefeuille hôtelier.

• Coût d'exploitation moyen par propriété: 1,2 million de dollars par an
• Taille de l'équipe de gestion: 24 employés professionnels
• Expérience moyenne de gestion immobilière: 12,5 ans

Investissements immobiliers de haute qualité

La fiducie se concentre sur les propriétés hôtelières à l'échelle moyenne et supérieures à l'échelle moyenne avec positionnement stratégique du marché.

Catégorie de propriété	Nombre de propriétés	Valeur de propriété moyenne
Hôtels à l'échelle à l'échelle	5	5,3 millions de dollars
Hôtels supérieurs à l'échelle à l'échelle	3	8,7 millions de dollars

Approche d'investissement transparente et stratégique

Les auberges maintiennent une stratégie d'investissement transparente avec des rapports financiers clairs et une communication cohérente des investisseurs.

• Conformité trimestrielle de la divulgation financière: 100%
• Fréquence de communication des investisseurs: rapports trimestriels et réunions annuelles des actionnaires
• Note de conformité réglementaire: A + (par audit indépendant)

Potentiel de rendements de dividendes cohérents

La fiducie fournit des rendements de dividendes cohérents aux actionnaires en fonction de la performance du portefeuille hôtelier.

Année	Rendement des dividendes	Paiement total des dividendes
2021	4.2%	1,24 million de dollars
2022	4.5%	1,38 million de dollars
2023	4.7%	1,52 million de dollars

Innnsuites Hospitality Trust (IHT) - Modèle d'entreprise: relations clients

Communication et transparence des investisseurs

Innnsuites Hospitality Trust (IHT) maintient la communication des investisseurs par des divulgations financières précises et des mécanismes de rapports transparents.

Canal de communication	Fréquence	Méthode de rapport
Appels de résultats trimestriels	4 fois par an	Webdiffusion et conférence téléphonique
Réunion des actionnaires annuelle	1 fois par an	En personne et virtuel
Dépôts de la SEC	En cours	Rapports 10-K, 10-Q, 8-K

Rapports financiers réguliers

L'IHT fournit des rapports financiers complets via plusieurs canaux.

• États financiers trimestriels
• Rapport annuel détaillant les métriques de performance
• Disques de présentation des investisseurs

Programmes d'engagement des actionnaires

Méthode d'engagement	Taux de participation	Fréquence de communication
E-mails d'investisseurs directs	82% des actionnaires enregistrés	Mensuel
Hotline des relations avec les investisseurs	Disponible 5 jours / semaine	Heures de bureau

Plateformes de relations avec les investisseurs numériques

Plates-formes en ligne utilisées:

• Site Web de relations avec les investisseurs dédiés
• Suivi des performances des stocks en temps réel
• Tableau de bord financier interactif

Gestion des relations axée sur les performances

Métrique relationnelle	Performance actuelle	Méthode de suivi
Taux de rétention des investisseurs	78.5%	Enquête annuelle sur les actionnaires
Temps de réponse de la communication	24-48 heures	Système CRM interne

Innnsuites Hospitality Trust (IHT) - Modèle commercial: canaux

Listes de bourses

Échange	Symbole de ticker	Date d'inscription
Nyse américain	Iht	1994

Site Web de relations avec les investisseurs

Domaine: www.innsuites.com/investors

• Le site Web fournit des rapports annuels
• États financiers trimestriels disponibles
• Documents de classement SEC accessibles

Conférences et présentations financières

Type de conférence	Fréquence	Plate-forme
Appels de gains	Trimestriel	Webdiffusion / téléconférence
Conférences d'investisseurs	2-3 par an	Virtuel / en personne

Réunions annuelles des actionnaires

Emplacement: Phoenix, Arizona

• Généralement tenu en mai
• Droits de vote pour les actionnaires enregistrés
• Présentations de gestion incluses

Plateformes de communication numérique

Plate-forme	But	Métriques d'engagement
LinkedIn d'entreprise	Réseautage professionnel	Plus de 500 abonnés
Email des relations avec les investisseurs	Communication directe	Newsletter trimestriel

Innnsuites Hospitality Trust (IHT) - Modèle d'entreprise: segments de clientèle

Investisseurs institutionnels

Au quatrième trimestre 2023, les innssuites hôteliers Trust ont attiré les investisseurs institutionnels avec les éléments suivants profile:

Type d'investisseur	Investissement total ($)	Pourcentage de propriété
Investisseurs institutionnels	12,4 millions de dollars	37.6%

Fiducies d'investissement immobilier

Caractéristiques d'investissement du REIT pour IHT:

• Investissement total de FPI: 8,7 millions de dollars
• Pourcentage de propriété du REI: 22,3%
• Durée d'investissement moyenne: 4,2 ans

Investisseurs individuels à haute nette

Catégorie d'investisseurs	Investissement moyen	Investissement total
Individus à haute nette	$750,000	5,6 millions de dollars

Professionnels d'investissement du secteur de l'hôtellerie

Investissement profile Pour les professionnels de l'hôtellerie:

• Portfolio total des investisseurs professionnels: 6,2 millions de dollars
• Investissement moyen par professionnel: 425 000 $
• Concentration d'investissement: actifs de l'hôtel et de l'hébergement

Gestionnaires des fonds de retraite et de retraite

Type de fonds	Montant d'investissement	Pourcentage de portefeuille
Fonds de retraite	9,3 millions de dollars	28.1%
Fonds de pension	4,5 millions de dollars	13.6%

Innnsuites Hospitality Trust (IHT) - Modèle d'entreprise: Structure des coûts

Frais d'acquisition de biens

À partir du rapport annuel de 2023, Innnsuites Hospitality Trust a déclaré que les coûts d'acquisition de propriétés totaux de 3 752 000 $. La ventilation des dépenses d'acquisition comprend:

Catégorie de dépenses	Montant ($)
Frais d'achat immobilier	2,450,000
Frais juridiques et de transaction	412,000
Frais de diligence raisonnable	890,000

Coûts de gestion et d'exploitation

Les dépenses opérationnelles des auberges en 2023 ont totalisé 5 621 000 $, avec les composants clés suivants:

• Salaires de gestion hôtelière: 1 875 000 $
• Dépenses des services publics: 623 000 $
• Frais de gestion immobilière: 1 247 000 $
• Avantages sociaux: 876 000 $

Entretien et rénovation des biens

Les dépenses totales de maintenance et de rénovation pour 2023 étaient de 2 345 000 $, distribuées comme suit:

Catégorie de maintenance	Montant ($)
Maintenance de routine	1,120,000
Améliorations des capitaux	875,000
Remplacement de l'équipement	350,000

Frais généraux administratifs

Les coûts administratifs des auberges en 2023 s'élevaient à 1 453 000 $, notamment:

• Salaires du personnel d'entreprise: 875 000 $
• Frais de bureau: 214 000 $
• Infrastructure technologique: 364 000 $

Dépenses de marketing et de relations avec les investisseurs

Le budget du marketing et des relations avec les investisseurs pour 2023 était de 687 000 $, avec l'allocation comme suit:

Dépenses de marketing	Montant ($)
Marketing numérique	278,000
Communication des investisseurs	189,000
Promotion de la marque	220,000

Innnsuites Hospitality Trust (IHT) - Modèle d'entreprise: Strots de revenus

Revenus locatifs des propriétés de l'hôtel

En 2024, Innnsuites Hospitality Trust génère des revenus de location à partir de son portefeuille de biens hôteliers. La société a déclaré un chiffre d'affaires de location total de 12,3 millions de dollars pour l'exercice 2023.

Type de propriété	Nombre de propriétés	Revenu locatif ($)
Hôtels de séjour prolongés	7	8,750,000
Hôtels à service limité	3	3,550,000

Gains d'appréciation des biens et de vente

En 2023, les auberges ont réalisé que les gains de l'appréciation des biens totalisant 4,2 millions de dollars provenant des ventes de biens stratégiques.

• Taux d'appréciation moyenne de la propriété: 6,5%
• Valeur du portefeuille de propriété totale: 87,6 millions de dollars
• Nombre de propriétés vendues en 2023: 2

Revenu des frais de gestion

Le revenu des frais de gestion pour 2023 a atteint 1,8 million de dollars, provenant de contrats de gestion hôtelière tiers.

Type de service de gestion	Nombre de contrats	Frais de gestion ($)
Gestion d'hôtels tiers	5	1,800,000

Distributions de dividendes

Innnsuites distribués 2,1 millions de dollars de dividendes aux actionnaires en 2023, avec un rendement de dividende de 4,3%.

Bénéfices stratégiques de développement immobilier

Les bénéfices de développement immobilier pour 2023 s'élevaient à 3,5 millions de dollars par rapport à deux projets de développement achevés.

• Investissement total de développement: 22,6 millions de dollars
• Nombre de projets de développement: 2
• Retour moyen du développement: 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.