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Consolidated Balance Sheets (USD $)
Jan. 31, 2014
Jan. 31, 2013
Current Assets:    
Cash and Cash Equivalents $ 395,903 $ 493,953
Restricted Cash 114,337 13,783
Accounts Receivable, including $55,873 and $81,176 from related parties and net of Allowance for Doubtful Accounts of $23,593 and $34,415, as of January 31, 2014 and 2013, respectively 644,566 568,186
Prepaid Expenses and Other Current Assets 384,059 268,399
Total Current Assets 1,538,865 1,344,321
Hotel Properties, net 23,672,715 24,686,780
Property, Plant and Equipment, net 89,348 112,977
Deferred Finance Costs and Other Assets 107,575 137,884
TOTAL ASSETS 25,408,503 26,281,962
Current Liabilities:    
Accounts Payable and Accrued Expenses 2,221,638 2,298,497
Current Portion of Mortgage Notes Payable 11,753,088 1,208,365
Current Portion of Notes Payable to Banks 1,018,925 450,000
Line of Credit - Related Party 331,390  
Current Portion of Other Notes Payable 81,461 189,799
Total Current Liabilities 15,406,502 4,146,661
Mortgage Notes Payable 6,993,483 18,746,559
Other Notes Payable 106,106 162,457
TOTAL LIABILITIES 22,506,091 23,055,677
COMMITMENTS AND CONTINGENCIES (SEE NOTE 18)      
SHAREHOLDERS' EQUITY    
Shares of Beneficial Interest, without par value, unlimited authorization; 16,822,746 and 16,804,746 shares issued and 8,341,899 and 8,375,207 shares outstanding at January 31, 2014 and 2013, respectively 14,024,668 14,940,048
Treasury Stock, 8,480,847 and 8,429,539 shares held at January 31, 2014 and 2013, respectively (11,973,459) (11,877,886)
TOTAL TRUST SHAREHOLDERS' EQUITY 2,051,209 3,062,162
NON-CONTROLLING INTEREST 851,203 164,123
TOTAL EQUITY 2,902,412 3,226,285
TOTAL LIABILITIES AND EQUITY $ 25,408,503 $ 26,281,962