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InnSuites Hospitality Trust Explores Reverse Merger Opportunities
InnSuites Hospitality Trust continues to explore diversification opportunities and opportunities to increase equity, potentially including a reverse merger. Combined Revenue for both hotels was approximately $2.9M for the first 4 fiscal months of Fiscal 2027, a new combined record level. IHT management believes that due to real estate held on the books of IHT at book values significantly below current market value, due to clean energy diversification high profit potential ahead, IBC independent hotel services prospects, a potential reverse merger possibility, and improving hospitality profitability before non-cash depreciation and other non-cash items, the IHT future "looks bright".
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