SOURCE: InnSuites Hospitality Trust

September 11, 2015 17:30 ET

IBC Partnerships Increase; IHT 2nd Quarter Results

PHOENIX, AZ--(Marketwired - Sep 11, 2015) - InnSuites Hospitality Trust (NYSE MKT: IHT)

InnSuites Hospitality Trust ("IHT") reported Consolidated Net Loss of $978,000 for the seasonally slow second quarter of fiscal year 2016 ended July 31, 2015 which included non-cash depreciation expense of $457,000.

InnDependent Boutique Collection ("IBC Hotels"), a division of InnSuites® Hospitality Trust, continues to grow providing an array of services to IBC Hotel network of over 6,300 independent properties in 53 countries with over 600,000 rooms and suites.

BeMyGuest and IBC Hotels have launched an API integration for IBC Hotels' booking platform which connects consumers to BeMyGuest's inventory of tours and activities in Asia, currently the largest in the world. This API integration seamlessly links BeMyGuest's large and varied inventory with IBC Hotels' booking platform, allowing consumers to search for and book tours and activities while booking their hotel rooms. This is a significant value-add for IBC Hotels, as a one-stop platform for accommodation and activities will help to streamline the consumer's travel planning. "IBC Hotels is proud to call Be My Guest a partner. The two complement each other by helping travelers discover a vast and constantly growing choice of unique travel experiences coupled with IBC's independent and boutique hotels," says Pamela Barnhill, President & COO, IBC Hotels based in Phoenix Arizona USA.

IBC is excited to partner with CONCIERGO. WiFi has become the number one desired amenity in hotels. CONCIERGO delivers via the WiFi login page additional consumer value-adds such as nearby restaurants, attractions & UBER that not only provides added value and enhances the guest experience, but also fosters brand loyalty for the hotel and saves valuable time of the front desk staff. CONCIERGO will be offered free to our IBC Hotels as an additional benefit.

On August 17, 2015, IBC has partnered with Mobile Mini to provide containers, trailers and portable offices at deeply discounted rates to our IBC Hotels. Founded in 1983, Mobile Mini is the world's leading provider of portable storage solutions through their lease fleet of over 206,000 portable storage and portable office units. Creating significant purchasing discounts and national account relationships for the IBC Hotels is an integral part of our service offering.

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