Form 8-K
8-K — INNSUITES HOSPITALITY TRUST
Accession: 0001493152-26-042648
Filed: 2026-09-15
Period: 2026-09-11
CIK: 0000082473
SIC: 6798 (REAL ESTATE INVESTMENT TRUSTS)
Item: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Item: Financial Statements and Exhibits
Documents
8-K — form8-k.htm (Primary)
EX-10.1 (ex10-1.htm)
EX-99.1 (ex99-1.htm)
GRAPHIC (ex10-1_001.jpg)
GRAPHIC (ex10-1_002.jpg)
GRAPHIC (ex99-1_001.jpg)
XML — IDEA: XBRL DOCUMENT (R1.htm)
8-K
8-K (Primary)
Filename: form8-k.htm · Sequence: 1
false
0000082473
0000082473
2026-09-11
2026-09-11
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date
of Report (Date of earliest event reported): September 11, 2026
Commission
File Number 1-07062
INNSUITES
HOSPITALITY TRUST
(Exact
name of registrant as specified in its charter)
Ohio
34-6647590
(State
or other jurisdiction
of
incorporation or organization)
(I.R.S.
Employer
Identification
Number)
InnSuites
Hospitality Centre
1730
E. Northern Avenue, Suite 122
Phoenix,
AZ 85020
(Address
of principal executive offices)
Registrant’s
telephone number, including area code: (602) 944-1500
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
☐
Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))
Title
of each class
Trading
Symbol(s)
Name
of each exchange on which registered
Shares of beneficial
interest without par value
IHT
NYSE American
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405)
or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On
September 10, 2026, InnSuites Hospitality Trust (the “Trust”) received written notice from NYSE American LLC (“NYSE
American”) indicating that the Compliance Plan submitted by Trust has been accepted by NYSE Regulation and grant a plan period
(“Plan Period”) through December 24, 2027 (“Plan Period Deadline”). The Trust is not in compliance with NYSE
American continued listing standards currently, but its listing is being continued pursuant to an extension. NYSE Regulation staff will
review the Company periodically for compliance with the initiatives outlined in the plan. If the Company is not in compliance with the
continued listing standards by the Plan Period Deadline (December 24, 2027), or if the Company does not make progress consistent with
the plan during the Plan Period, NYSE Regulation staff could initiate delisting proceedings as appropriate. The Company may appeal a
staff delisting determination in accordance with Section 1010 and Part 12 of the Company Guide.
The
notice has no immediate effect on the listing or trading of the Trust’s shares of beneficial interest on NYSE American, subject
to the Trust’s compliance with NYSE American’s other continued listing requirements.
The
Trust is currently taking steps and applicable actions intended to continue to increase stockholders’ equity and support continued
listing compliance. On August 19, 2026, the Trust increased stockholders’ equity by $3 million, as one step toward returning to
NYSE American listing compliance. The Trust expects that these efforts may include, subject to applicable approvals and conditions, one
or more of the following: capital-raising transactions, debt or capitalization restructuring, strategic transactions, reduction or deferral
of certain cash uses, and operational initiatives intended to improve hotel gross operating profits. Any such actions remain subject
to applicable board or committee approval, accounting confirmation, NYSE American requirements, securities law compliance, and other
conditions.
There
can be no assurance that any proposed transaction or initiative will be completed, that the Trust will be able to maintain compliance
within the plan period, or that the Trust will otherwise remain in compliance with other NYSE American continued listing standards.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibit.
10.1
InnSuites Hospitality Trust NYSE American Acceptance Letter
99.1
Press Release
104
Cover Page Interactive Data File (embedded within the
Inline XBRL document)
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
InnSuites Hospitality Trust
By:
/s/ James
F. Wirth
James F. Wirth
Chairman and Chief Executive Officer
Date: September 11, 2026
EXHIBIT
INDEX
Exhibit
No.
Description
99.1
Press Release
104
Cover Page Interactive Data File (embedded within the
Inline XBRL document)
EX-10.1
EX-10.1
Filename: ex10-1.htm · Sequence: 2
Exhibit 10.1
EX-99.1
EX-99.1
Filename: ex99-1.htm · Sequence: 3
Exhibit
99.1
IHT
RECEIVES NYSE-AMERICAN APPROVAL FOR COMPLIANCE PLAN; REVERSE MERGER DISCUSSIONS CONTINUE
Phoenix,
AZ, September 14, 2026 - InnSuites Hospitality Trust (NYSE American: IHT) announced today that it has received notice from the NYSE-American
that the Compliance Plan previously submitted on July 24, 2026 has been accepted, and the Trust has been granted a plan period through
December 24, 2027. Although the Trust is not currently in compliance with NYSE American continued listing standards, its listing is being
continued pursuant to an extension.
The
Trust timely submitted the compliance plan to NYSE American on July 24, 2026, advising NYSE American of actions the Trust has taken or
intends to take to regain compliance with the continued listing standards. The 18-month cure period allows the Trust to regain compliance
by/before December 24, 2027.
The
Trust recently increased stockholders’ equity by approximately $3.0 million, as part of IHT’s efforts in regaining compliance.
The Trust continues to pursue strategic alternatives, including a potential reverse merger or other strategic transactions, with operational
initiatives underway intended to improve hotel gross operating profits.
All
such actions are subject to applicable board or committee approval, accounting confirmation, NYSE American requirements, securities law
compliance, market conditions, and other conditions. There can be no assurance that NYSE American will accept the Trust’s compliance
plan, that any proposed transaction or initiative will be completed, that the Trust will regain compliance within the plan period, or
that the Trust will otherwise continue to satisfy other NYSE American continued listing standards.
IHT
has exceeded $4 million in total hotel revenues for the Fiscal First Half of the current Fiscal Year (February 1, 2026 through January
31, 2027), including combined hotel July revenue of $600,293, an all-time record for the month of July for the two hotels combined. Management
believes these operating results, together with the Trust’s ongoing review of capitalization alternatives, strategic alternatives,
and selected diversification opportunities, support the Trust’s efforts to develop, submit, and successfully complete a credible
compliance plan to NYSE American.
RRF
LLLP, the 76% owned subsidiary Management Company for IHT, manages the IHT Hotels, as well as InnDependent Boutique Collection (IBC Hotels,
LLC). IBC and UniGen are both diversification opportunities for IHT. IHT has received a recent surge of interest in a merger, based on
its valuable NYSE American trading platform. IHT is further attractive with its recent $3 million increased equity base.
Consolidated
Net Income for the Fiscal First Quarter was $74,702, an increase of 48% from the prior year Fiscal First Quarter ended April 30, 2026
(February 1, 2026, through April 30, 2026).
Consolidated
Net Income before non-cash expense items of depreciation and non-cash Best Western Travel Rewards credit expenses, was a positive profit
of $307,326 for the 2027 Fiscal First Quarter.
The
continued growing demand for electricity from data centers plus the influx of electric vehicles, as well as projected growing needs for
artificial intelligence, increased demand for electricity over the next five years is projected to approximately double, and bodes well
for the IHT investment in UniGen Power, Inc. This product is a potentially power industry disruptive economical, relatively clean energy,
cost effective electric generation innovation. Even though it is high risk, UniGen offers IHT high upside potential.
On
February 20, 2026, James Wirth, IHT President, was elected Chairman, CEO, and President of UniGen, while Marc Berg, IHT EVP, was elected
as Vice Chairman, EVP, and Secretary/Treasurer of UniGen, with plans to rejuvenate the UniGen progress to benefit all the UniGen debt
and equity holders, including IHT. Target date for the first two prototype engines to be ready for testing is in less than two years.
IHT
management believes that due to real estate held on the books of IHT at book values significantly below current market value, due to
clean energy diversification high profit potential ahead, IBC independent hotel services prospects, a potential merger or reverse merger
future, plus improving hospitality profitability before non-cash depreciation and other non-cash items, along with the recent increase
of IHT equity of $3 million, the IHT future looks bright.
Our
most recent dividend paid in February 2026, at the start of the current Fiscal Year 2027, extended IHT’s uninterrupted, continuous
annual dividends to 56 years, since 1971, when IHT was first listed on the NYSE. IHT future plans include annual dividends, with the
next dividend tentatively scheduled for February 15, 2027, at the beginning of the 2028 Fiscal Year.
Management
believes that the Trust’s hotel operating results, real estate assets, capitalization initiatives, and strategic alternatives provide
a positive basis for the Trust. There can be no assurance that any of these initiatives will be successful, that the Trust will complete
any equity-enhancing transaction, or that the Trust will regain or maintain compliance with NYSE American continued listing standards.
For
more information, visit www.innsuitestrust.com and www.innsuites.com.
Forward-Looking
Statements
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. Forward-looking statements include, without limitation, statements regarding the Trust’s
intended submission of a compliance plan to NYSE American; the Trust’s ability to regain compliance with NYSE American continued
listing standards; potential actions to increase stockholders’ equity; potential conversion of related-party indebtedness into
IHT equity; potential capital-raising, capitalization restructuring, or strategic transactions; potential merger or reverse merger opportunities;
operating initiatives; hotel operating trends; future annual dividends; diversification opportunities; opportunities involving IBC Hotels,
LLC and UniGen Power, Inc.; and expected costs, benefits, timing, or results of any of the foregoing.
Actual
developments, business decisions, results, and future actions may differ materially from those expressed or implied by such forward-looking
statements. Important factors, among others, that could cause actual results and future actions to differ materially include: NYSE American’s
review of the Trust’s compliance plan; the Trust’s ability to complete any equity-enhancing transaction; the Trust’s
ability to regain and maintain compliance with NYSE American continued listing standards; the availability, terms, and timing of financing
or capitalization alternatives; the outcome of any related-party transaction review; accounting treatment of proposed transactions; required
board, committee, NYSE American, shareholder, or other approvals; market conditions; hotel operating results; seasonality; liquidity
needs; the outcome of any merger or reverse merger or strategic transaction discussions; the timing and success of potential diversification
initiatives; risks relating to IBC Hotels, LLC and UniGen Power, Inc.; economic effects of international conflicts, tariffs, inflation,
interest rates, travel industry conditions, and other macroeconomic factors; and the risks described in the Trust’s filings with
the Securities and Exchange Commission.
The
Trust undertakes no obligation to update any forward-looking statement contained in this news release to reflect events or circumstances
after the date of this news release, except as required by applicable law.
FOR
FURTHER INFORMATION:
Marc
Berg, Executive Vice President
602-944-1500
email:
mberg@innsuites.com
INNSUITES
HOSPITALITY CENTRE
1730
E. NORTHERN AVENUE, #122
Phoenix,
Arizona 85020
Phone:
602-944-1500
GRAPHIC
GRAPHIC
Filename: ex10-1_001.jpg · Sequence: 4
Binary file (483422 bytes)
Download ex10-1_001.jpg
GRAPHIC
GRAPHIC
Filename: ex10-1_002.jpg · Sequence: 5
Binary file (280900 bytes)
Download ex10-1_002.jpg
GRAPHIC
GRAPHIC
Filename: ex99-1_001.jpg · Sequence: 6
Binary file (19565 bytes)
Download ex99-1_001.jpg
XML — IDEA: XBRL DOCUMENT
XML
Filename: R1.htm · Sequence: 11
v3.26.3
Cover
Sep. 11, 2026
Cover [Abstract]
Document Type
8-K
Amendment Flag
false
Document Period End Date
Sep. 11, 2026
Entity File Number
1-07062
Entity Registrant Name
INNSUITES
HOSPITALITY TRUST
Entity Central Index Key
0000082473
Entity Tax Identification Number
34-6647590
Entity Incorporation, State or Country Code
OH
Entity Address, Address Line One
InnSuites
Hospitality Centre
Entity Address, Address Line Two
1730
E. Northern Avenue
Entity Address, Address Line Three
Suite 122
Entity Address, City or Town
Phoenix
Entity Address, State or Province
AZ
Entity Address, Postal Zip Code
85020
City Area Code
(602)
Local Phone Number
944-1500
Written Communications
false
Soliciting Material
false
Pre-commencement Tender Offer
false
Pre-commencement Issuer Tender Offer
false
Title of 12(b) Security
Shares of beneficial
interest without par value
Trading Symbol
IHT
Security Exchange Name
NYSEAMER
Entity Emerging Growth Company
false
X
- Definition
Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
No definition available.
+ Details
Name:
dei_AmendmentFlag
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Area code of city
+ References
No definition available.
+ Details
Name:
dei_CityAreaCode
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Cover page.
+ References
No definition available.
+ Details
Name:
dei_CoverAbstract
Namespace Prefix:
dei_
Data Type:
xbrli:stringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
No definition available.
+ Details
Name:
dei_DocumentPeriodEndDate
Namespace Prefix:
dei_
Data Type:
xbrli:dateItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
No definition available.
+ Details
Name:
dei_DocumentType
Namespace Prefix:
dei_
Data Type:
dei:submissionTypeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Address Line 1 such as Attn, Building Name, Street Name
+ References
No definition available.
+ Details
Name:
dei_EntityAddressAddressLine1
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Address Line 2 such as Street or Suite number
+ References
No definition available.
+ Details
Name:
dei_EntityAddressAddressLine2
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Address Line 3 such as an Office Park
+ References
No definition available.
+ Details
Name:
dei_EntityAddressAddressLine3
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the City or Town
+ References
No definition available.
+ Details
Name:
dei_EntityAddressCityOrTown
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Code for the postal or zip code
+ References
No definition available.
+ Details
Name:
dei_EntityAddressPostalZipCode
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the state or province.
+ References
No definition available.
+ Details
Name:
dei_EntityAddressStateOrProvince
Namespace Prefix:
dei_
Data Type:
dei:stateOrProvinceItemType
Balance Type:
na
Period Type:
duration
X
- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityCentralIndexKey
Namespace Prefix:
dei_
Data Type:
dei:centralIndexKeyItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Indicate if registrant meets the emerging growth company criteria.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityEmergingGrowthCompany
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
No definition available.
+ Details
Name:
dei_EntityFileNumber
Namespace Prefix:
dei_
Data Type:
dei:fileNumberItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Two-character EDGAR code representing the state or country of incorporation.
+ References
No definition available.
+ Details
Name:
dei_EntityIncorporationStateCountryCode
Namespace Prefix:
dei_
Data Type:
dei:edgarStateCountryItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityRegistrantName
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityTaxIdentificationNumber
Namespace Prefix:
dei_
Data Type:
dei:employerIdItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Local phone number for entity.
+ References
No definition available.
+ Details
Name:
dei_LocalPhoneNumber
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 13e
-Subsection 4c
+ Details
Name:
dei_PreCommencementIssuerTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14d
-Subsection 2b
+ Details
Name:
dei_PreCommencementTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Title of a 12(b) registered security.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b
+ Details
Name:
dei_Security12bTitle
Namespace Prefix:
dei_
Data Type:
dei:securityTitleItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the Exchange on which a security is registered.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection d1-1
+ Details
Name:
dei_SecurityExchangeName
Namespace Prefix:
dei_
Data Type:
dei:edgarExchangeCodeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14a
-Subsection 12
+ Details
Name:
dei_SolicitingMaterial
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Trading symbol of an instrument as listed on an exchange.
+ References
No definition available.
+ Details
Name:
dei_TradingSymbol
Namespace Prefix:
dei_
Data Type:
dei:tradingSymbolItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Securities Act
-Number 230
-Section 425
+ Details
Name:
dei_WrittenCommunications
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration