InnSuites Hospitality sees drop in Q3 revenue

12/3/2009 | American City Business Journals

With occupancy and room rates hit hard by the economy, InnSuites Hospitality Trust reported third-quarter revenue of $3.62 million, down from $4.2 million in the same quarter a year ago. The hotel group, which owns five hotels in the Southwest, had nine-month revenue of $13.1 million in the period ending Oct. 31, down from $16 million in the same period last year.

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