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InnSuites Hospitality Trust (NYSE American: IHT) announces the filing of an S-3, allowing the potential issuance of up to 1,000,000 shares of Common Stock. The net proceeds will be used for general corporate purposes, including debt repayment and equity repurchase. The S-3 may lead to diversification through UniGen Power, Inc., clean energy, and hospitality technology. The current stock price is $1.54 per share, with plans for a dividend declaration and strong hotel operations. The First Fiscal Quarter of 2025 shows record revenue for Tucson and Albuquerque hotels, exceeding $2 million.
InnSuites Hospitality Trust (NYSE American: IHT) ha annunciato la registrazione di un modulo S-3, che permetterà la potenziale emissione di fino a 1.000.000 di azioni ordinarie. I proventi netti saranno utilizzati per scopi corporativi generali, inclusi il rimborso del debito e il riacquisto di azioni. L'S-3 potrebbe portare a una diversificazione tramite UniGen Power, Inc., energia pulita e tecnologia alberghiera. Il prezzo attuale dell'azione è di $1,54 per azione, con piani per una dichiarazione di dividendo e solide operazioni alberghiere. Il primo trimestre fiscale del 2025 mostra un record di ricavi per gli hotel di Tucson e Albuquerque, superando i $2 milioni.
InnSuites Hospitality Trust (NYSE American: IHT) anuncia la presentación de un formulario S-3, que permite la posible emisión de hasta 1.000.000 de acciones de Capital Ordinario. Los ingresos netos se utilizarán para propósitos corporativos generales, incluyendo la amortización de deudas y la recompra de acciones. El S-3 podría conducir a la diversificación a través de UniGen Power, Inc., energía limpia y tecnología hotelera. El precio actual de la acción es de $1,54 por acción, con planes para la declaración de un dividendo y operaciones hoteleras fuertes. El primer trimestre fiscal de 2025 muestra ingresos récord para los hoteles de Tucson y Albuquerque, superando los $2 millones.
InnSuites Hospitality Trust (NYSE American: IHT)에서는 S-3 양식의 제출을 발표했으며, 이를 통해 최대 100만 주의 보통주가 발행될 수 있습니다. 순수익은 부채 상환 및 자본 재취득을 포함한 일반 기업 목적에 사용될 예정입니다. S-3은 UniGen Power, Inc., 청정 에너지 및 호스피탈리티 기술을 통한 다각화를 이끌 수 있습니다. 현재 주식 가격은 주당 $1.54이며, 배당 선언과 강한 호텔 운영 계획이 있습니다. 2025년 첫 회계 분기에는 투손과 앨버커키 호텔의 수익이 200만 달러를 넘어서는 기록을 보였습니다.
InnSuites Hospitality Trust (NYSE American : IHT) annonce le dépôt d'un formulaire S-3, permettant la potentielle émission de jusqu'à 1 000 000 actions ordinaires. Les produits nets seront utilisés à des fins corporatives générales, y compris le remboursement de dettes et le rachat d'actions. Le S-3 pourrait mener à une diversification via UniGen Power, Inc., l'énergie propre et la technologie hôtelière. Le prix actuel de l'action est de 1,54 $ par action, avec des plans pour une déclaration de dividende et des opérations hôtelières solides. Le premier trimestre fiscal de 2025 montre des revenus records pour les hôtels de Tucson et Albuquerque, dépassant 2 millions de dollars.
InnSuites Hospitality Trust (NYSE American: IHT) gibt die Einreichung eines Formulars S-3 bekannt, das die potenzielle Ausgabe von bis zu 1.000.000 Stammaktien ermöglicht. Die Nettoerlöse werden für allgemeine Unternehmenszwecke verwendet, einschließlich der Schuldenrückzahlung und des Rückkaufs von Aktien. Formular S-3 könnte zu einer Diversifizierung durch UniGen Power, Inc., saubere Energie und Hoteltechnologie führen. Der aktuelle Aktienpreis beträgt $1,54 pro Aktie, mit Plänen für eine Dividendenerklärung und starke Hotelbetriebe. Das erste Finanzquartal 2025 zeigt Rekordumsätze für die Hotels in Tucson und Albuquerque, die $2 Millionen überschreiten.
Positive
The S-3 filing allows the potential issuance of up to 1,000,000 shares of IHT Common Stock.
Net proceeds from the sale will be used for general corporate purposes, including debt repayment and equity repurchase.
Diversification may occur through UniGen Power, Inc., clean energy, and hospitality technology innovations.
The current stock price is $1.54 per share on the NYSE-American under the symbol 'IHT.'
Plans include a dividend declaration and strong hotel operations.
The First Fiscal Quarter of 2025 demonstrates record revenue for Tucson and Albuquerque hotels, exceeding $2 million.
Negative
None.
Insights
InnSuites Hospitality Trust's (IHT) recent S-3 filing indicates a strategy to potentially raise capital through the sale of up to 1,000,000 shares. The flexibility in timing and the amount of financing that this type of shelf registration offers is a strategic tool for managing the company's capital structure. The anticipated utilization of the net proceeds for general corporate purposes, repayment of debts and possibly repurchasing equity securities suggests a focus on balance sheet strength. The involvement in UniGen Power hints at diversification beyond hospitality, which could mitigate sector-specific risks and catalyze growth, but operational execution and market reception will be key to assess the success of such ventures.
IHT's pivot to invest in UniGen Power's clean energy innovations represents an intriguing diversification play outside of their core hospitality industry. This move possibly positions IHT at the confluence of the growing sustainability trend and the energy sector's evolution. The long-term earnings potential from efficient clean energy solutions could be substantial, given the global push for green technologies. However, investors should keep a keen eye on how these investments align with IHT's core competencies and the scalability of UniGen's technologies in a highly competitive market.
With IHT's announcement of continued strong hotel operations and record revenues in its Tucson and Albuquerque properties, the company showcases resilience in its core business. The maintained streak of annual dividends, set to continue with the upcoming dividend declaration, signals confidence in financial stability and a commitment to shareholder returns. Investors should consider the historical performance of these hotel operations when evaluating IHT's ability to sustain and grow dividends, as well as how investments like those in UniGen may affect future dividend policies.
Phoenix, AZ, April 19, 2024 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American: IHT) IHT management announces Filing an S-3, allowing the potential to offer and sell up to 1,000,000 shares of IHT common stock, without par value (“Common Stock”), of the Company.
The S-3 prospectus includes the details as it relates to shares of IHT Common Stock that may be offered and issued from time to time. The amount of gross proceeds received will depend upon the number of shares issued, and the market price of the Common Stock at the time of such sales.
It is expected that the net proceeds from the sale of shares of Common Stock will be used for general corporate purposes, including repayment of outstanding indebtedness, and the repurchase of our outstanding equity securities. Further diversification may include additional UniGen Power, Inc., efficient clean energy and/or hospitality technology innovations. It is possible that no shares of Common Stock will be issued under the S-3 Agreement.
The Common Stock of IHT was first listed in 1971, on the New York Stock Exchange, American, (the “NYSE-American”) under the symbol “IHT.” On April 19, 2024, the sale price of our Common Stock, as reported at the close on the NYSE, was in the range of $1.54 per share.
IHT plans to announce soon, a Dividend Declaration payable on or around July 31, 2024. This announcement would continue an uninterrupted 54-year history of annual dividends. InnSuites hotel operations continue strong, while the investment in UniGen’s diversified efficient clean energy innovation holds potential for a new source of diversified earnings.
IHT hotel operations are maintaining their solid start in the current 2025 Fiscal Year (February 1, 2024, to January 31, 2025). The First Fiscal Quarter reflects both the Tucson Hotel and Albuquerque Hotel achieving record revenue for the current 2025 First Fiscal Quarter (February 1, 2023, through April 30, 2024). Total Revenue for both hotels has exceeded $2 million to date and is anticipated to be approximately $2.2 million for the 2025 First Fiscal Quarter (February 1, 2024, to April 30, 2024).
With the exception of historical information, matters discussed in this news release may include “forward-looking statements” within the meaning of the federal securities laws. All statements regarding IHT’s review and exploration of potential strategic, operational, and structural alternative diversification investments, and expected associated costs and benefits, as well as statements related to continuation of its 54 years of uninterrupted payment of annual dividends, are forward-looking. Actual developments and business decisions may differ materially from those expressed or implied by such forward-looking statements. Important factors, among others, that could cause IHT’s actual results and future actions to differ materially from those described in forward-looking statements include the uncertain outcome, impact, effects and results of IHT’s success in finding potential qualified purchasers in S-3 issued stock, for its hospitality real estate, or a reverse merger partner. Continuation of growth of hospitality revenues and/or profit growth, timely collection of receivables, the success of and timing of the UniGen clean energy or hospitality industry technology diversification innovation, the continuation of semi-annual dividends in the year(s) ahead, and other risks discussed in IHT’s SEC filings may differ modestly. IHT expressly disclaims any obligation to update any forward-looking statement contained in this news release to reflect events or circumstances that may arise after the date hereof, all of which are expressly qualified by the foregoing, other than as required by applicable law.
