Profile

InnSuites Hospitality Trust, based in Phoenix, Arizona, is a real estate investment trust that invests in lodging. While it is formed as a real estate investment trust, it is not classified as a real estate investment trust for tax purposes. The company owns interests in 2 hotels, operates 3 hotels, provides management for 3 hotels, and licenses its InnSuites trademark for 5 hotels. The company's hotel ownership interests are a 51.01% interest in the Best Western InnSuites Tucson Foothills Hotel & Suites in Tucson, Arizona, and a direct 20.53% interest in the Best Western InnSuites Albuquerque Airport Hotel & Suites in Albuquerque, New Mexico. IHT was founded by James Frank Wirth in 1971. That same year, the company became a public company via an initial public offering.