InnSuites Hospitality Trust Declares Annual Dividend, Payable on January 29, 2016; Elects JR Chase as Trustee
December 23, 2015 at 05:12 pm EST
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On December 22, 2015, InnSuites Hospitality Trust declared a dividend of $0.01 per share payable on January 29, 2016 to shareholders of record as of January 15, 2016.
At the 2015 Annual Meeting of Shareholders of the Trust held on December 22, 2015, Mr. JR Chase has been newly elected as a trustee of the Trust. The Board has determined Mr. Chase to be an independent trustee in accordance with the NYSE MKT's listing standards for purposes of serving on the Board and the committee of the Trust of which he is a member. On December 22, 2015, in light of Mr. Chase's election, the Board reconstituted the committees of the Board as follows: Audit Committee: Mr. Leslie Kutasi (Chairman), Mr. Steve Robson and Ms. Cynthia Ketcherside; Governance and Nominating Committee: Ms. Ketcherside (Chairperson), Mr. Kutasi, Mr. Chase and Mr. Robson; Compensation Committee: Mr. Robson (Chairman), Ms. Ketcherside and Mr. Kutasi.
InnSuites Hospitality Trust (the Trust) is a real estate investment trust. The Trust is engaged in hotel operations and hotel management services. It owns interests in two hotels, operates and provides management services, and provides trademark license services for two hotels. The two hotels have an aggregate of 270 hotel suites and operate as moderate-service hotels that offer a value studio and two-room suite. Its hotels offer services such as swimming pools, fitness centers, business centers and complimentary breakfast. It offers a free hot breakfast plus amenities such as microwave ovens, refrigerators, coffee makers, and free high-speed Internet access. The hotels also offer complementary social areas and modest conference facilities. The hotels are operated under the federally trademarked name InnSuites as well as under the brand name Best Western. Its subsidiaries include RRF Limited Partnership, Tucson Hospitality Properties, L.L.L.P., and Albuquerque Suite Hospitality LLC.
INNSUITES HOSPITALITY TRUST 
