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Unaudited Condensed Consolidated Statements of Operations (USD $)
3 Months Ended
Apr. 30, 2014
Apr. 30, 2013
REVENUE    
Room $ 4,190,503 $ 4,306,981
Food and Beverage 393,673 356,166
Management and Trademark Fees 82,099 55,218
Other 59,795 77,833
TOTAL REVENUE 4,726,070 4,796,198
OPERATING EXPENSES    
Room 1,057,631 947,491
Food and Beverage 266,413 293,381
Telecommunications 7,787 5,539
General and Administrative 947,063 822,481
Sales and Marketing 301,236 289,188
Repairs and Maintenance 362,338 292,221
Hospitality 277,343 228,097
Utilities 303,652 264,387
Hotel Property Depreciation 444,041 454,631
Real Estate and Personal Property Taxes, Insurance and Ground Rent 245,608 226,113
Other 15,348 2,443
TOTAL OPERATING EXPENSES 4,228,460 3,825,972
OPERATING INCOME 497,610 970,226
Interest Income 1,544 8
Interest Income on Note Receivable - Related Party 812  
TOTAL OTHER INCOME 2,356 8
Interest on Mortgage Notes Payable 173,630 181,157
Interest on Notes Payable to Banks 8,452  
Interest on Other Notes Payable 2,896 5,862
Interest on Line of Credit - Related Party 211  
TOTAL INTEREST EXPENSE 185,189 187,019
CONSOLIDATED NET INCOME BEFORE INCOME TAX PROVISION 314,777 783,215
Income Tax Provision (30,740)  
CONSOLIDATED NET INCOME 284,037 783,215
LESS: NET INCOME ATTRIBUTABLE TO NON-CONTROLLING INTEREST 223,362 347,965
NET INCOME ATTRIBUTABLE TO CONTROLLING INTERESTS $ 60,675 $ 435,250
NET INCOME PER SHARE – BASIC AND DILUTED (in Dollars per share) $ 0.01 $ 0.05
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - BASIC AND DILUTED (in Shares) 8,379,463 8,387,447