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Unaudited Consolidated Statements of Cash Flows (USD $)
3 Months Ended
Apr. 30, 2012
Apr. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
Consolidated Net Income $ 644,822 $ 56,124
Provision for Uncollectible Receivables (18,300) (13,438)
Stock-Based Compensation 9,900 12,960
Hotel Property Depreciation 433,657 449,032
Loss on Disposal of Hotel Properties   62
Amortization of Deferred Loan Fees 18,128 11,291
Accounts Receivable (284,402) 295,998
Prepaid Expenses and Other Assets (82,572) 108,242
Accounts Payable and Accrued Expenses (342,198) (550,788)
NET CASH PROVIDED BY OPERATING ACTIVITIES 379,035 369,483
CASH FLOWS FROM INVESTING ACTIVITIES    
Change in Restricted Cash 64,229 (22,021)
Improvements and Additions to Hotel Properties (273,367) (267,070)
NET CASH USED IN INVESTING ACTIVITIES (209,138) (289,091)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal Payments on Mortgage Notes Payable (1,193,225) (218,650)
Payments on Notes Payable to Banks (157,036)  
Borrowings on Notes Payable to Banks 179,555  
Repurchase of Treasury Stock (79,571) (8,873)
Repurchase of Partnership Units (525)  
Proceeds from Sale of Non-Controlling Ownership Interests in Subsidiaries 1,081,410 342,620
Distributions to Non-Controlling Interest (92,061) (42,164)
Payments on Other Notes Payable (54,960) (43,163)
NET CASH PROVIDED (USED IN) BY FINANCING ACTIVITIES (316,413) 29,770
NET (DECREASE)INCREASE IN CASH AND CASH EQUIVALENTS (146,516) 110,162
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 983,424 494,844
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 836,908 $ 605,006