Consolidated Balance Sheets (USD $)	Jan. 31, 2012	Jan. 31, 2011
Current Assets:
Cash and Cash Equivalents ($133,637 and $10,107 of variable interest entity (VIE), Note 6)	$ 983,424	$ 494,844
Restricted Cash ($31,300 and $26,763 of VIE)	136,808	137,174
Accounts Receivable, including $102,358 and $290,232 from related parties, net of Allowance for Doubtful Accounts of $38,159 and $40,997, as of January 31, 2012 and 2011, respectively ($12,653 and $19,179 of VIE)	619,916	661,024
Prepaid Expenses and Other Current Assets ($23,366 and $45,173 of VIE)	242,366	443,043
Total Current Assets	1,982,514	1,736,085
Hotel Properties, net ($1,415,155 and $1,458,838 of VIE)	25,141,748	25,917,263
Property, Plant and Equipment, net	149,377	139,887
Deferred Finance Costs and Other Assets ($15,858 and $17,485 of VIE)	108,619	141,863
TOTAL ASSETS	27,382,258	27,935,098
Current Liabilities :
Accounts Payable and Accrued Expenses ($112,643 and $193,218 of VIE)	2,414,763	2,093,228
Current Portion of Mortgage Notes Payable	2,291,247	8,214,759
Current Portion of Other Notes Payable	212,692	172,939
Total Current Liabilities	4,918,702	10,480,926
Mortgage Notes Payable	18,980,009	13,865,957
Other Notes Payable	337,960	307,614
TOTAL LIABILITIES	24,236,671	24,654,497
COMMITMENTS AND CONTINGENCIES (SEE NOTE 19)
SHAREHOLDERS’ EQUITY
Shares of Beneficial Interest, without par value; unlimited authorization; 8,442,328 and 8,546,783 shares issued and outstanding at January 31, 2012 and 2011, respectively	14,646,261	15,412,926
Treasury Stock, 8,344,408 and 8,239,963 shares held at January 31, 2012 and 2011, respectively	(11,682,575)	(11,456,375)
TOTAL TRUST SHAREHOLDERS’ EQUITY	2,963,686	3,956,551
NON-CONTROLLING INTEREST	181,901	(675,950)
TOTAL EQUITY	3,145,587	3,280,601
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 27,382,258	$ 27,935,098