| Business Summary | | InnSuites
Hospitality
Trust
operates
as
an
unincorporated
Ohio
real
estate
investment
trust
(REIT).
On
January
31,
2001,
the
Trust
owned
a
48.17%
sole
general
partner
interest
in
RRF
Limited
Partnership.
On
January
31,
2001,
the
Partnership
owned,
directly
or
indirectly,
11
InnSuites
hotels
located
in
Arizona,
New
Mexico,
and
southern
California.
The
hotels
feature
1,751
hotel
suites
and
operate
as
moderate-
and
full-service
hotels
that
apply
a
value
studio
and
two-room
suite
operating
philosophy. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | IHT
is
a
hospitality
real
estate
investment
trust.
The
Company
specializes
in
mid-level
full
and
limited
service
hotels.
As
of
1/99,
the
Company
operated
10
hotels
and
1665
suites.
For
the
three
months
ended
4/30/01,
revenues
totalled
$8.9
million
up
from
$3.3
million.
Net
loss
before
extraordinary
item
totalled
$630
thousand
vs.
an
income
of
$393
thousand.
Revenues
reflect
the
acquisition
of
the
Albuquerque,
New
Mexico
hotel.
Higher
loss
was
offset
by
an
increase
in
total
operating
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| James Wirth, 54 Chairman,
Pres, CEO | $130K | Anthony Waters, 53 CFO,
Controller | -- | Lee Flory, 74 Trustee | -- | Edward Hill, 56 Trustee | -- | Steven Robson, 44 Trustee | -- | Dollar
amounts are as of 30-Jan-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|