OBASA Capital Investments Acquires IBC Hotels

August 23, 2018

On August 16, 2018, a wholly-owned subsidiary of OBASA Capital Investments, Inc. (“OBASA Capital”) acquired IBC Hotels, LLC (“IBC”) from InnSuites Hospitality Trust (NYSE American: IHT), through InnSuites Hotels, Inc. IBC is based in Phoenix, Arizona, and delivers proprietary software, exclusive market services, and distribution to a network of approximately 2,000 unrelated hospitality properties.

OBASA Capital is a Canadian acquisition company with a wide range of property holdings and investments across North America.

Miller Thomson advised OBASA Capital with respect to this transaction with a team comprised of Derrek Fahl and Sean Bryden (Corporate/M&A).