PHOENIX, AZ (REIT Media) January 13, 2009 - InnSuites Hospitality Trust (NYSE Alternext US: IHT) today announced that its Board of Trustees has approved the payment of an annual dividend of $0.01 per share to shareholders of record on January 20, 2009, payable on January 31, 2009. This dividend continues InnSuites' uninterrupted 39-year history of paying dividends each year on its Shares of Beneficial Interest.

InnSuites Hospitality Trust (the "Trust") has historically, since 1998, had a repurchase program for its Shares of Beneficial Interest ("Shares") or units of its operating partnership. Over the years the Trust has steadily repurchased both Shares or units at the market price, often times over terms of three years with interest on the deferred balance. The Trust has had and continues to have an arrangement with a broker to purchase Shares on the open market.

The Board of Trustees recently increased the number of Shares and units that could be repurchased under its 1998 repurchase plan by 300,000 shares and units to an updated total of approximately 400,000 shares and units to be repurchased. The Class A and B units are convertible on a one-to-one basis into Shares. Officers and Trustees have indicated no plans at this time to sell their shares or units to the Trust under the repurchase program based on the perceived long term potential of the Trust real estate and trademark service invoice future potential.

As discussed in the Trust's Form 10-Q for the fiscal quarter ending October 31, 2008, due to the current economic conditions, the Trust was in negotiations to refinance its mortgage note payable on its Yuma hotel in the amount of $4 million to supplement its cash flows from operations during fiscal year 2010. The Trust recently completed this refinancing. A portion of the cash flow from the refinancing will be used for recently increased plan of repurchases.

The Board of Trustees believes and has long believed that the current share price does not fully reflect the underlying real estate asset value of the Trust less its liabilities, especially in the current depressed stock market.

Inquires about the Trust's repurchase program should be directed to Marc Berg, EVP at mberg@innsuites.com or 602-944-1500.

Your Suite Choice®- Value Concept

InnSuites Hospitality Trust is a mid-market studio and two-room suite hospitality company owning 5 moderate and full service hotels containing 843 hotel suites and managing and/or licensing 11 hotels with 1,642 suites located in Arizona, New Mexico, Texas and Southern California. InnSuites owns, manages and licenses providing three separate profit centers. For reservations, call 1-888-INNSUITES, or visit www.innsuites.com. For investor information, visit www.innsuitestrust.com.

Certain matters within this press release may be discussed using forward-looking language as specified in the 1995 Private Securities Litigation Reform Act and we intend that such forward-looking statements be subject to the safe-harbor created thereby. InnSuites Hospitality Trust cautions that these statements may involve known and unknown risks, uncertainties and other factors that may cause the actual results or performance to differ from those projected in the forward-looking statements contained herein.