PHOENIX, AZ--(Marketwired - Jul 8, 2015) - InnDependent Boutique Collection ("IBC Hotels"), a division of InnSuites Hospitality Trust (
On July 1, 2015, IHT has agreed to sell its Hotel Tucson City InnSuites property to a third party for $9.65 million as part of the IHT NYSE MKT Equity Enhancement Plan. On July 7, 2015, the Trust negotiated a lower interest rate and an extension to July 3, 2019 on its $600,000 bank credit facility.
With the exception of historical information, the matters discussed in this news release may include "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements are not guarantees of future performance due to numerous risks and uncertainties and are described in greater detail in our filings with the Securities and Exchange Commission. Although we believe our current expectations to be based upon reasonable assumptions, we can give no assurance that our expectations will be attained.
For more information visit www.innsuitestrust.com or www.sec.gov
Contact Information:
FOR FURTHER INFORMATION:
Marc Berg
Executive Vice President
602-944-1500
email: mberg@innsuites.com