InnSuites Hospitality Trust (the Trust) is an real estate investment trust (REIT). The Trust, with its affiliates RRF Limited Partnership, a Delaware limited partnership (the Partnership), and InnSuites Hotels, Inc., a Nevada corporation (InnSuites Hotels), owns and operates five hotels, provides management services for eight hotels, and provides trademark license services for nine hotels. On January 31, 2012, it owned a 71.98% sole general partner interest in the Partnership, which wholly owned two InnSuites hotels located in Tucson, Arizona and Ontario, California, and together with the Trust owned a 57.96% interest in another InnSuites hotel located in Tucson, Arizona. It also wholly owned one InnSuites hotel located in Yuma, Arizona and owned a direct 42.25% interest in one InnSuites hotel located in Albuquerque, New Mexico (all five InnSuites hotels (the Hotels). It purchased 75,726 Partnership units, during the fiscal year ended January 31, 2012 (fiscal 2012).