InnSuites Hospitality Trust reported total revenues of approximately $7.57 million for the fiscal year ending January 31, 2026, a slight decrease of 0.35% from the previous year's revenue of $7.59 million. The Trust experienced an operating loss of $560,159, an improvement from the loss of $742,742 reported in the prior fiscal year. The consolidated net loss attributable to controlling interests was approximately $1.39 million, nearly unchanged from the $1.39 million loss in the previous year. The Trust's operating expenses decreased by 3% to $8.13 million, primarily due to cost management initiatives.
In terms of operational performance, the Trust's hotel occupancy rate increased to 76.98% in fiscal 2026, up from 74.58% in fiscal 2025. However, the average daily rate (ADR) fell by 4.13% to $95.57, contributing to a decrease in revenue per available room (REVPAR) of 1.03% to $73.57. The Trust's two hotel properties, located in Tucson, Arizona, and Albuquerque, New Mexico, continue to operate under membership agreements with Best Western, and both hotels have undergone refurbishments to enhance guest experience.
Strategically, the Trust has made significant moves to diversify its operations. On February 20, 2026, the Trust's President and CFO were elected to similar positions at UniGen Power, Inc., a clean energy company in which the Trust has invested $1 million. This investment includes convertible debentures and common stock, with the potential for significant returns as UniGen develops its clean energy technology. Additionally, the Trust's subsidiary, RRF Management, has taken over management of InnDependent Boutique Collection, which is expected to enhance profitability through independent hotel reservations and services.
Looking ahead, the Trust anticipates stable occupancy rates and modest increases in room rates for fiscal year 2027, despite potential economic uncertainties. The management believes that the completed refurbishments of the Tucson and Albuquerque hotels will position them competitively in the market. The Trust also plans to explore opportunities for selling one or both of its hotel properties within the next 36 months, aiming to realize their full market value. The Trust has maintained its dividend policy, paying a semi-annual dividend of $0.01 per share, continuing a streak of uninterrupted annual dividends since its inception in 1971.
About INNSUITES HOSPITALITY TRUST
InnSuites Hospitality Trust owns and manages two moderate-service hotels in Arizona and New Mexico, branded as InnSuites and affiliated with Best Western. It generates revenue from hotel operations, management, and licensing, focusing on asset value growth and strategic asset sales. The company also invests in diversified ventures like clean energy through UniGen Power, aiming to enhance shareholder returns and pursue future mergers.
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