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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
Amendment No. 2
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)
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CUSIP NO. 756125 10 0 13D
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NAME OF REPORTING PERSON
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Gail J. Wirth
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [_]
Not Applicable (b) [_]
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SEC USE ONLY
3
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SOURCE OF FUNDS
4
AF, PF
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e)
5
[_]
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States of America
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SOLE VOTING POWER
7
NUMBER OF 100,000
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
588,883
OWNED BY
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EACH SOLE DISPOSITIVE POWER
9
REPORTING 100,000
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
588,883
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
688,883
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12
[X]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
26.9%
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TYPE OF REPORTING PERSON
14
IN
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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 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 32,352 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 109,300 Shares in open market purchases between December 18, 1998 and
January 31, 2000 at prices ranging from $2.125 to $3.75 per share.
Item 4. Purpose of Transaction.
Mrs. Wirth acquired the Shares for investment purposes.
Item 5. Interest in Securities of the Issuer.
(a) Mrs. Wirth beneficially owns 688,883 Shares, representing
approximately 26.9% of the outstanding Shares. Mrs. Wirth owns
588,883 of those Shares jointly with her husband, James F. Wirth.
Mrs. Wirth disclaims beneficial
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ownership of 100,000 Shares held by Mr. Wirth and 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.
(b) Mrs. Wirth has sole voting and dispositive power with respect to
100,000 Shares and shared voting and dispositive power with respect to
588,883 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 acquired a total of 28,800 Shares in open market
purchases between December 1, 1999 and January 31, 2000 at prices
ranging from $2.125 to $2.4375 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 14, 2000
/s/ Gail J. Wirth
____________________________
Gail J. Wirth
