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Unaudited Condensed Consolidated Statements of Operations (USD $)
3 Months Ended 9 Months Ended
Oct. 31, 2014
Oct. 31, 2013
Oct. 31, 2014
Oct. 31, 2013
REVENUE        
Room $ 2,877,175 $ 2,757,598 $ 10,106,908 $ 10,185,717
Food and Beverage 185,663 184,723 757,034 746,485
Management and Trademark Fees 64,528 46,365 208,967 143,976
Other 51,490 50,418 162,348 186,136
TOTAL REVENUE 3,178,856 3,039,104 11,235,257 11,262,314
OPERATING EXPENSES        
Room 909,064 932,177 2,918,412 2,834,218
Food and Beverage 207,253 196,604 663,869 690,870
Telecommunications 7,157 8,815 23,061 23,249
General and Administrative 718,205 690,623 2,646,074 2,459,796
Sales and Marketing 333,217 269,687 947,097 804,916
Repairs and Maintenance 252,799 316,875 912,000 923,115
Hospitality 198,710 183,904 671,197 624,062
Utilities 357,571 318,507 1,014,034 925,906
Hotel Property Depreciation 440,578 434,284 1,332,530 1,333,765
Real Estate and Personal Property Taxes, Insurance and Ground Rent 277,612 195,622 728,189 678,106
Other (12,234) 2,515 14,157 6,990
TOTAL OPERATING EXPENSES 3,689,932 3,549,613 11,870,620 11,304,993
OPERATING LOSS (511,076) (510,509) (635,363) (42,679)
Interest Income   5 669 1,816
TOTAL OTHER INCOME 3,156 5 8,403 1,816
Interest on Mortgage Notes Payable 131,257 188,390 486,461 560,233
Interest on Notes Payable to Banks 7,419 8,893 24,264 17,745
Interest on Other Notes Payable 6,211 11,575 20,716 27,877
Interest on Line of Credit - Related Party 18,244   23,846  
TOTAL INTEREST EXPENSE 163,131 208,858 555,287 605,855
CONSOLIDATED NET LOSS BEFORE INCOME TAX PROVISION (671,051) (719,362) (1,182,247) (646,718)
Income Tax Provision     (80,000)  
CONSOLIDATED NET LOSS (671,051) (719,362) (1,262,247) (646,718)
LESS: NET INCOME ATTRIBUTABLE TO NON-CONTROLLING INTEREST (75,603) (108,339) 117,782 199,737
NET LOSS ATTRIBUTABLE TO CONTROLLING INTERESTS (595,448) (611,023) (1,380,029) (846,455)
NET LOSS PER SHARE – BASIC AND DILUTED (in dollars per share) $ (0.07) $ (0.07) $ (0.16) $ (0.10)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - BASIC AND DILUTED (in shares) 8,429,172 8,363,876 8,404,071 8,375,835
Notes Receivable [Member]
       
OPERATING EXPENSES        
Interest Income on Advances to Affiliates - Related Party     1,850  
Advances to Affiliate [Member]
       
OPERATING EXPENSES        
Interest Income on Advances to Affiliates - Related Party $ 3,156   $ 5,884