InnSuites Hospitality Trust (the Trust) is a real estate investment trust. The Trust, with its affiliates, RRF Limited Partnership (the Partnership), and InnSuites Hotels, Inc. (InnSuites Hotels), owns and operates five hotels, provides management services for eight hotels, and provides trademark license services for 10 hotels. All five Hotels are trademarked as InnSuites Hotels. It is also involved in various operations incidental to the operation of hotels, such as the operation of restaurants and meeting/banquet room rentals. On January 31, 2011, the Trust owned a 71.41% sole general partner interest in the Partnership, which wholly owned three InnSuites hotels located in Arizona and southern California, and owns a 33.32% interest in one InnSuites hotel located in New Mexico. The Trust also owned one InnSuites hotel located in Yuma, Arizona (Hotels). InnSuites Hotels, a wholly owned subsidiary of the Trust, provides management services for the Hotels.