Consolidated Balance Sheets (USD $)	Jul. 31, 2012	Jan. 31, 2012
ASSETS
Cash and Cash Equivalents (($15,212) and $133,637 of variable interest entity (VIE), Note 9)	$ 196,333	$ 983,424
Restricted Cash ($11,937 and $31,300 of VIE)	92,567	136,808
Accounts Receivable, including $587,511 and $102,358 from related parties and net of Allowance for Doubtful Accounts of $17,805 and $38,159, as of July 31, and January 31, 2012, respectively ($76,380 and $12,653 of VIE)	1,065,208	619,916
Prepaid Expenses and Other Current Assets ($54,589 and $23,366 of VIE)	366,029	242,366
Total Current Assets	1,720,137	1,982,514
Hotel Properties, net ($1,378,922 and $1,415,155 of VIE)	24,947,760	25,141,748
Property, Plant and Equipment, net	134,073	149,377
Deferred Finance Costs and Other Assets ($15,045 and $15,858 of VIE)	194,878	108,619
TOTAL ASSETS	26,996,848	27,382,258
LIABILITIES AND EQUITY
Accounts Payable and Accrued Expenses ($253,895 and $112,643 of VIE)	2,015,435	2,414,763
Notes Payable to Banks	355,945
Current Portion of Mortgage Notes Payable	1,051,199	2,291,247
Current Portion of Other Notes Payable	209,954	212,692
Total Current Liabilities	3,632,533	4,918,702
Mortgage Notes Payable	18,952,972	18,980,009
Other Notes Payable	244,255	337,960
TOTAL LIABILITIES	22,829,760	24,236,671
Commitments and Contingencies (See Note 11)
Shares of Beneficial Interest, without par value; unlimited authorization; 8,406,365 and 8,442,328 shares issued and outstanding at July 31, and January 31, 2012, respectively	15,718,419	14,646,261
Treasury Stock, 8,398,381 and 8,344,408 shares held at July 31, and January 31, 2012, respectively	(11,811,337)	(11,682,575)
TOTAL TRUST SHAREHOLDERS’ EQUITY	3,907,082	2,963,686
NON-CONTROLLING INTEREST	260,006	181,901
TOTAL EQUITY	4,167,088	3,145,587
TOTAL LIABILITIES AND EQUITY	$ 26,996,848	$ 27,382,258