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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13D
AMENDMENT NO. 1
Under the Securities Exchange Act of 1934
INNSUITES HOSPITALITY TRUST
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(Name of issuer)
SHARES OF BENEFICIAL INTEREST
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(Title of class of securities)
756125 10 0
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(CUSIP number)
GAIL J. WIRTH, 1625 E. NORTHERN AVENUE, SUITE 201, PHOENIX, ARIZONA 85020
(602) 944-1500
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(Name, address and telephone number of person
authorized to receive notices and communications)
If the filing person has previously filed a statement on Schedule 13G
to report the acquisition that is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box [ ].
(Continued on following pages)
(Page 1 of 5 Pages)
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<TABLE>
<CAPTION>
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CUSIP No. 756125 10 0 13D Page 2 of 5 Pages
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<S> <C> <C>
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
GAIL J. WIRTH
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
NOT APPLICABLE
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
AF, PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
[ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES OF AMERICA
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7 SOLE VOTING POWER
NUMBER OF NONE
SHARES ------- -----------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 857,011
EACH ------- -----------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH NONE
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10 SHARED DISPOSITIVE POWER
857,011
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
857,011
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
37.5%
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14 TYPE OF REPORTING PERSON
IN
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</TABLE>
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SCHEDULE 13D
Item 1. Security and Issuer.
(a) Shares of Beneficial Interest (hereafter "Shares")
(b) InnSuites Hospitality Trust (hereafter "IHT")
1625 E. Northern Avenue
Suite 201
Phoenix, Arizona 85020
Item 2. Identity and Background.
(a) Gail J. Wirth
(b) 1625 E. Northern Avenue, Suite 201, Phoenix, Arizona 85020
(c) Officer and/or director of several privately-held companies
controlled by her and her husband, James F. Wirth
(d) No
(e) No
(f) United States of America
Item 3. Source and Amount of Funds or Other Consideration.
Mr. and Mrs. Wirth received 121,812 Shares on February 2, 1998 as a
distribution in respect of certain partnership interests owned by them.
Mr. and Mrs. Wirth received 647,231 Shares on February 2, 1998 in exchange
for all of the issued and outstanding capital stock of Buenaventura
Properties, Inc., a privately held company wholly-owned by Mr. and Mrs.
Wirth. Mr. and Mrs. Wirth received 35,568 Shares on August 10, 1998 as a
distribution in respect of certain partnership interests owned by them.
Mr. and Mrs. Wirth acquired a total of 52,400 Shares in open market
purchases between December 18, 1998 and December 30, 1998 at prices
ranging from $3.187 to $3.75 per share.
Item 4. Purpose of the transaction.
Mrs. Wirth acquired the Shares for investment purposes.
Item 5. Interest in Securities of the Issuer.
(a) Mrs. Wirth beneficially owns 857,011 Shares, representing
approximately 37.5% of the outstanding Shares, jointly with her
husband, James F. Wirth. Mrs. Wirth disclaims beneficial ownership of
an additional 45,680 Shares held by her children and this Schedule 13D
should not be deemed an admission that Mrs. Wirth is the beneficial
owner of such securities for purposes of Section 13(d) or 13(g) of the
Securities Exchange Act of 1934 or any other purpose.
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(b) Mrs. Wirth has shared voting and dispositive power with respect to
857,011 Shares. Mrs. Wirth shares voting and dispositive power with
her husband, James F. Wirth. Mr. Wirth is Chairman, President and
Chief Executive Officer of IHT. Mr. Wirth's business address is 1625
E. Northern Avenue, Suite 201, Phoenix, Arizona 85020. Mr. Wirth has
not, in the last five years, been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors) or been a party
to a civil proceeding of a judicial or administrative body of
competent jurisdiction subjecting him to a judgment, decree or final
order enjoining future violations of, or prohibiting or mandating
activities subject to, federal or state securities laws or finding any
violation with respect to such laws. Mr. Wirth is a citizen of the
United States of America.
(c) Mr. and Mrs. Wirth received 121,812 Shares on February 2, 1998 as a
distribution in respect of certain partnership interests owned by
them. Mr. and Mrs. Wirth received 647,231 Shares on February 2, 1998
in exchange for all of the issued and outstanding capital stock of
Buenaventura Properties, Inc., a privately held company wholly-owned
by Mr. and Mrs. Wirth. Mr. and Mrs. Wirth received 35,568 Shares on
August 10, 1998 as a distribution in respect of certain partnership
interests owned by them. Mr. and Mrs. Wirth acquired a total of 52,400
Shares in open market purchases between December 18, 1998 and December
30, 1998 at prices ranging from $3.187 to $3.75 per share.
(d) Not Applicable.
(e) Not Applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
Not Applicable.
Item 7. Material to Be Filed as Exhibits.
None.
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
February 16, 1999
/s/Gail J. Wirth
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Gail J. Wirth
