IHT
- InnSuites Hospitality Trust
()
Overview
Company Summary
InnSuites Hospitality Trust (IHT) is a company operating in the hospitality industry. Its primary business is managing and owning hotels, primarily located in the United States. IHT manages hotels under the brand name "InnSuites Hotels & Suites."
The company's main objective is to provide comfortable and convenient accommodation to travelers. They offer a range of services including guest rooms, suites, meeting spaces, and other amenities to cater to both leisure and business travelers.
IHT focuses on operating extended-stay hotels, which are designed to provide longer-term accommodation for guests who may require lodging for extended periods, such as business travelers or individuals relocating temporarily. These hotels feature amenities like fully equipped kitchens and separate living areas to create a homelike environment.
InnSuites Hospitality Trust also generates revenue through the leasing of hotel properties to third-party hotel operators. This allows IHT to benefit from the rental income without directly managing the day-to-day operations of those properties.
Additionally, the company has a subsidiary called IBC Hotels, which operates as a web-based booking platform, connecting independent hotels and small chains to potential guests. This platform allows these properties to increase their visibility and reach a larger customer base.
In summary, InnSuites Hospitality Trust primarily focuses on managing and owning hotels, with a particular emphasis on extended-stay accommodations. They provide a range of services and amenities aimed at offering a comfortable and convenient experience for both leisure and business travelers.