INNSUITES HOSPITALITY TRUST

InnSuites Hospitality Trust is an unincorporated Ohio business trust and REIT that owns and operates hotels under the InnSuites Hotels brand. The company has been publicly listed since 1971 and maintains headquarters in Phoenix, Arizona. IHT operates as a hotel real estate investment trust, with its primary business centered on owning and managing hotel properties bearing the InnSuites brand name.

The company's capital structure includes approximately 9 million shares of common stock outstanding, supplemented by roughly 3 million units in the RRF Partnership that are convertible on a one-to-one basis into IHT shares, bringing total diluted shares to approximately 12 million. IHT has maintained a consistent dividend payment history dating back to its inception in 1971. The trust currently operates with a small corporate staff of 52 full-time employees based at its Phoenix headquarters.

Beyond its core hotel operations, IHT has made a minority equity investment in UniGen, a clean energy technology company focused on natural gas-powered electric generators. This $1 million investment takes the form of a 6% convertible bond partially secured by equipment, accompanied by warrant positions totaling 1.7 million shares with various strike prices. This investment represents the company's diversification into adjacent sectors outside traditional hotel real estate operations.