InnSuites Hospitality Trust (IHT) has appointed its own senior leaders to run UniGen Power, Inc., electing James Wirth, IHT’s President, CEO and Chairman, as UniGen’s President, CEO and Chairman, and Marc Berg, IHT’s EVP, Secretary/Treasurer and Vice Chairman, as UniGen’s EVP, Secretary/Treasurer and Vice Chairman. The election, announced on February 23 2026, follows a vote held on February 20 2026 and places IHT’s top executives in direct control of the company’s clean‑energy subsidiary.
UniGen Power’s flagship product, the UPI 1000TA natural‑gas‑powered generator, is 61 % complete and has already secured an order for 30 units. The generator’s operating cost is reported to be below $0.05 per kilowatt‑hour, which translates into projected gross margins exceeding 75 %. The company is currently evaluating a $1.1 million engineering round that would fund the final stages of prototype completion, though the terms and other participants have not yet been disclosed.
IHT has invested in UniGen since late 2019, beginning with a $1 million equity stake and later adding convertible debentures and warrants that could give the trust a 15‑20 % ownership position. In the same period, IHT’s hotel operations generated more than $4 million in revenue in the first half of 2026, but the trust reported a net loss for fiscal year 2025 and negative earnings and free cash flow over the preceding twelve months. Management has indicated that the real‑estate assets on IHT’s books are undervalued and that the clean‑energy and boutique‑hotel diversification strategies offer significant upside.
By installing its own executives at UniGen’s helm and preparing to inject additional capital, IHT signals a shift from passive investment to active operational involvement. The move reflects a belief that direct management is essential to accelerate the 1000TA prototype’s commercialization and to capture the growing demand for low‑cost, low‑emission power from data centers, electric‑vehicle charging, and artificial‑intelligence workloads. However, the high‑risk nature of the technology and the trust’s recent financial losses underscore the potential downside of this strategy.
The appointment and potential capital commitment represent a material change in IHT’s business mix and risk profile. While the clean‑energy opportunity offers high margin potential, the trust’s current financial position and the unproven commercial viability of the 1000TA generator introduce significant uncertainty. Investors will likely weigh the upside of a low‑cost power solution against the capital intensity and execution risk inherent in bringing a new technology to market.
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