36-Year Uninterrupted History of Dividends Continues
PHOENIX, Jan. 10 /PRNewswire-FirstCall/ -- InnSuites Hospitality Trust (AMEX:IHT) today announced that its Board of Trustees has approved the payment of an annual dividend of $0.01 per share to shareholders of record on January 20, 2006, payable on January 31, 2006. This dividend continues InnSuites' uninterrupted 36-year history of paying dividends each year on its shares of beneficial interest.
Your Suite Choice(R)- Value Concept InnSuites Hospitality Trust is a mid-market studio and two-room suite hospitality company owning 5 moderate and full service hotels containing 843 hotel suites and managing and/or licensing 11 hotels with 1,692 suites located in Arizona, New Mexico, Texas and Southern California. InnSuites owns, manages, licenses and plans to sell condo hotel suites providing four separate profit centers. For reservations, call 1-888-INNSUITES, or visit http://www.innsuites.com/. For investor information, visit http://www.innsuitestrust.com/.
Certain matters within this press release may be discussed using forward-looking language as specified in the 1995 Private Securities Litigation Reform Act and InnSuites Hospitality Trust intends that such forward-looking statements be subject to the safe-harbor created thereby. Such forward-looking statements include, but are not limited to: (i) expectations that the Trust will continue to pay dividends in the future, (ii) expectations of benefits of condo-hotel conversion and (iii) expectations that condo hotel units will sell. InnSuites Hospitality Trust cautions that these statements may involve known and unknown risks, uncertainties and other factors that may cause the actual results or performance to differ from those projected in the forward-looking statements contained herein. Such risks include, but are not limited to: a) fluctuations in hotel occupancy rates, b) changes in room rental rates which may be charged by InnSuites Hotels in response to market rental rate changes or otherwise, c) interest rate fluctuations, d) changes in federal income tax laws and regulations, e) competition, f) any changes in the Trust's financial condition or operating results due to acquisitions or dispositions of hotel properties, g) real estate and hospitality market conditions, h) hospitality industry factors, i) terrorist attacks or other acts of war, j) outbreaks of communicable diseases, k) natural disasters, l) market demand or lack of demand for condo-hotel conversions, and m) local or national economic and business conditions, including, without limitation, conditions which may affect public securities markets generally, the hospitality industry or the markets in which the Trust operates or will operate. From time to time, these and other risks are discussed in the Trust's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. DATASOURCE: InnSuites Hospitality Trust CONTACT: Marc Berg, Executive Vice President of InnSuites Hospitality Trust, +1-602-944-1500, Web site: http://www.innsuites.com/ http://www.innsuitestrust.com/
|