Consolidated Balance Sheets (USD $)	Apr. 30, 2012	Jan. 31, 2012
Current Assets:
Cash and Cash Equivalents ($164,302 and $133,637 of variable interest entity (VIE), Note 9)	$ 836,908	$ 983,424
Restricted Cash ($4,532 and $31,300 of VIE)	72,579	136,808
Accounts Receivable, including $348,980 and $102,358 from related parties and net of Allowance for Doubtful Accounts of $19,859 and $38,159, as of April 30, and January 31, 2012, respectively ($22,636 and $12,653 of VIE)	922,618	619,916
Prepaid Expenses and Other Current Assets ($30,835 and $23,366 of VIE)	202,423	242,366
Total Current Assets	2,034,528	1,982,514
Hotel Properties, net ($1,384,952 and $1,415,155 of VIE)	24,988,616	25,141,748
Property, Plant and Equipment, net	142,220	149,377
Deferred Finance Costs and Other Assets ($15,452 and $15,858 of VIE)	213,006	108,619
TOTAL ASSETS	27,378,370	27,382,258
Current Liabilities:
Accounts Payable and Accrued Expenses ($228,252 and $112,643 of VIE)	1,926,792	2,414,763
Notes Payable to Banks	22,519
Current Portion of Mortgage Notes Payable	1,039,008	2,291,247
Current Portion of Other Notes Payable	216,096	212,692
Total Current Liabilities	3,204,415	4,918,702
Mortgage Notes Payable	19,184,927	18,980,009
Other Notes Payable	295,096	337,960
TOTAL LIABILITIES	22,684,438	24,236,671
Commitments and Contingencies (See Note 11)
SHAREHOLDERS’ EQUITY
Shares of Beneficial Interest, without par value; unlimited authorization; 8,427,405 and 8,442,328 shares issued and outstanding at April 30, and January 31, 2012, respectively	16,231,322	14,646,261
Treasury Stock, 8,377,341 and 8,344,408 shares held at April 30, and January 31, 2012, respectively	(11,762,146)	(11,682,575)
TOTAL TRUST SHAREHOLDERS’ EQUITY	4,469,176	2,963,686
NON-CONTROLLING INTEREST	224,756	181,901
TOTAL EQUITY	4,693,932	3,145,587
TOTAL LIABILITIES AND EQUITY	$ 27,378,370	$ 27,382,258