Industry Hospitality Website innsuites.com Number of locations 5,800 Type of business Public | Area served worldwide Founded 1971 Number of employees 400 Subsidiaries InnSuites Hotels | |
Key people James Wirth (CEO and Chairman of the Board)Pamela Barnhill (Vice Chairperson of the Board, President and Chief Operating Officer)Adam Remis (Chief Financial Officer)Marc Berg (Executive Vice President) Services Management, Operations, Sales, Marketing, Distribution and Technology Solutions Divisions InnSuites Hotels & SuitesInnSuites Hotels Inc.InnDependent Boutique Collection (IBC) Hotels Stock price IHT (NYSEMKT) US$ 1.83 -0.09 (-4.69%)10 Mar, 4:02 PM GMT-5 - Disclaimer Headquarters Phoenix, Arizona, United States | ||
InnSuites Hospitality Trust (IHT), is a public company founded in 1971 as an unincorporated Ohio business organization. It is a real estate investment trust (REIT) offering Ownership Management, Licensing/Trademark and Membership hospitality services. Founded in 1971, it is headquartered in Phoenix, Arizona. The company owns and operates five hotels. In addition, it provides management services for eight hotels. For nine hotels it also extends licensing and trademark services. Presently, the company is operating with three divisions: InnSuites Hotels & Suites, InnSuites Hotels Inc. and InnDependent Boutique Collection (IBC). As of August 2016, the IBC Hotels worldwide membership network has over 20,000 hotels. The RRF Limited Partnership and the InnSuites Hotels, Inc. are the affiliates of the Trust.
Contents
History
IHT was founded by James Frank Wirth in 1971. The company was first listed on NYSE in 1971. It is headquartered in Phoenix, Arizona.
Divisions
InnSuites Hotels & Suites: Inn Suites Hotels and Suites, is a subsidiary of the Trust. It handles the management of all the hotels (both of its own and that of its affiliates). It also provides trademark license services under the name ‘Inn Suites’. The hotels have an average of 843 hotel suites.
InnSuites Hotels Inc: InnSuites Hotels, Inc. wholly owned by IHT. It owns the InnSuites and IBC trademarks and provides trademark services to over 20,000 hotels. InnSuites Hotels, Inc. also manages 8 hotels (6 owned by the trust).
IBC Hospitality Technologies: IBC is a provider of hospitality technologies for independent hotels. The primary solutions is the proprietary IBC hotel management platform, which offers managed distribution, advanced hotel CRS, and soft brand benefits. IBC partners include AAHOA (Asian American Hotel Owners Association), MSI, ILIA (Independent Lodging Industry Association), Travelnuts, Soothe and INNJOY.