PHOENIX, Sept. 9, 2014 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE MKT:IHT)
InnSuites Hospitality Trust ("IHT") reported Consolidated Net Loss of $875,000 for the seasonally slow second quarter of fiscal year 2015 ended July 31, 2014 which included non-cash depreciation expense of $448,000.
InnDependent Boutique Collection ("IBC Hotels"), a division of InnSuites® Hospitality Trust, continues to grow and now serves over 6,450 independent properties in 53 countries with over 600,000 rooms and suites.
IBC Hotels is now working with ICE Portal, creators of the Visual-ICE content management system. The photo stream lined distribution effort plays a key role in the multi-phased evolution of IBC Hotels' content management strategy, designed to ensure greater content consistency and quality across all partner channels, as IBC showcases its 6,450+ hotels to travelers with individual hotel option for the creation of video and 360-degree tours.
IBC Hotels is working with Avendra, LLC and RSJ Signature, long-time hospitality veterans. The purchasing and supplier effort plays a key role in the multi-phased evolution of IBC Hotels' product offerings. IBC Hotels, provides substantial savings and drives bottom line growth for its Members with the 800+ "best in class supplier agreements".
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.