Overview
Description
Innsuites Hospitality Trust is a hospitality-focused real estate investment trust (REIT) that owns and operates a portfolio of hotel properties. Its primary function is to generate income and potential capital appreciation for its shareholders by investing in hotel and hospitality-related real estate. Innsuites primarily targets properties located in highly desirable geographic regions, catering to both business and leisure travelers.
One of the notable features of Innsuites Hospitality Trust is its dual focus on both property operations and investment activities, which includes the management of hotel properties as well as provision of amenities and services. The trust typically involves branded properties that aim to provide consistent quality and attract a loyal customer base.
Innsuites Hospitality Trust plays a significant role in the hotel real estate market by bridging the gap between direct hotel operations and real estate investments, thus offering investors exposure to the hospitality sector's dynamics. By owning and operating its venues, it directly influences guest experiences and operational efficiencies, which are pivotal in an industry highly sensitive to consumer satisfaction and economic trends. This positions Innsuites as both a player in and a beneficiary of the real estate and tourism sectors' performance.
About
CEO
Mr. James F. Wirth
Employees
52
Address
InnSuites Hotels Centre
1730 East Northern Avenue, Suite 122
Phoenix, 85020-3921, AZ
United States
1730 East Northern Avenue, Suite 122
Phoenix, 85020-3921, AZ
United States
Phone
602 944 1500
Website
Instrument type
Trust
Sector
Real Estate
Industry
REIT - Hotel & Motel
Country
United States
MIC code
XASE