InnSuites Hospitality Trust Readies $1.1M for UniGen Engineering at 61%
InnSuites Hospitality Trust’s UniGen Power investment has reached 61% engineering completion and is preparing a $1.1 million financing round to finish two 1000TA prototypes. IHT appointed CEO James Wirth and EVP Marc Berg to lead reconstituted UniGen board and is considering additional funding to complete engineering of the 1000TA generator.
1. Engineering Progress and Market Demand
UniGen Power’s engineering work on its 1000TA natural gas generator is 61% complete, and the company is launching a $1.1 million financing round to finish two prototype units capable of producing one million watts each. UniGen holds a purchase order for 30 units, underscoring market demand for its clean energy technology.
2. Leadership Restructuring at UniGen
On February 20, 2026, UniGen’s board was reconstituted, appointing James Wirth as President, CEO and Chairman, and Marc Berg as EVP, Secretary/Treasurer and Vice Chairman. The board now consists of three directors, positioning IHT executives to drive the final engineering phase and commercialization strategy.
3. Strategic Implications for IHT
InnSuites Hospitality Trust, the largest single cash investor in UniGen, is evaluating additional capital commitments to support the project’s completion and may adjust its dividend policy to free up funds. Relocating UniGen’s administrative headquarters to Phoenix is also under consideration to streamline operations.