-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Mw9+uYmGg3rK1Phupg67I7gbp/XqfcuPF8MaElQrsP9pHCzXStZhuIHn2JhWdr86 iOjj1mDzMJy939qPMR3WCg== 0001104659-03-013831.txt : 20030702 0001104659-03-013831.hdr.sgml : 20030702 20030702125700 ACCESSION NUMBER: 0001104659-03-013831 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030701 ITEM INFORMATION: Other events FILED AS OF DATE: 20030702 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INNSUITES HOSPITALITY TRUST CENTRAL INDEX KEY: 0000082473 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 346647590 STATE OF INCORPORATION: OH FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-07062 FILM NUMBER: 03770703 BUSINESS ADDRESS: STREET 1: INNSUITES HOTELS CENTRE STREET 2: 1625 E NORTHERN AVE STE 201 CITY: PHOENIX STATE: AZ ZIP: 85020 BUSINESS PHONE: 2166220046 MAIL ADDRESS: STREET 1: 925 EUCLID AVENUE STREET 2: SUITE 1750 CITY: CLEVELAND STATE: OH ZIP: 44115 FORMER COMPANY: FORMER CONFORMED NAME: REALTY REFUND TRUST DATE OF NAME CHANGE: 19920703 8-K 1 j2727_8k.htm 8-K

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C.  20549

 

 

FORM 8-K

 

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported):   July 1, 2003

 

InnSuites Hospitality Trust

(Exact Name of Registrant as Specified in Charter)

 

Ohio

 

001-07062

 

34-6647590

(State or Other Jurisdiction
of Incorporation)

 

(Commission
File Number)

 

(IRS Employer
Identification No.)

 

 

 

 

 

InnSuites Hotels Centre, 1615 E. Northern Avenue,
Suite 102, Phoenix, Arizona

 

 

85020

(Address of Principal Executive Offices)

 

 

(Zip Code)

 

Registrant’s telephone number, including area code  (602) 944-1500

 

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

 

 

 

ITEM 5.     Other Events and Required FD Disclosure.

 

InnSuites Hospitality Trust (the “Trust”) has announced its intention to sell its Flagstaff, Arizona property to Flagstaff/Grand Canyon Resort, LLC, an affiliate of James F. Wirth, Chairman, President and Chief Executive Officer of the Trust, for its appraised value of $2,775,000.  As of July 1, 2003, the book value of the Flagstaff property was $2,406,000.  The outstanding principal balance of a line of credit that is secured by the Flagstaff property is $1,500,000 and will be paid in full with the sales proceeds.  The terms and conditions of the sale have been approved by the independent members of the Board of Trustees of the Trust.  The Trust’s management expects the sale of the Flagstaff property to close in September 2003.

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

InnSuites Hospitality Trust

 

 

 

 

 

By:

 /s/ Anthony B. Waters

 

 

 

Anthony B. Waters

 

 

Chief Financial Officer

 

 

Date:  July 2, 2003

 

 

2

 -----END PRIVACY-ENHANCED MESSAGE-----