Unaudited Consolidated Statements of Operations (USD $)	3 Months Ended		9 Months Ended
	Oct. 31, 2012	Oct. 31, 2011	Oct. 31, 2012	Oct. 31, 2011
REVENUE
Room	$ 2,899,698	$ 2,856,005	$ 10,213,833	$ 10,070,389
Food and Beverage	233,798	149,498	836,833	620,052
Telecommunications		55		1,882
Other	54,828	50,960	162,161	166,504
Management and Trademark Fees, including $203,167 and $166,052 from related parties for the nine months ended October 31, 2012 and 2011, respectively	46,861	57,901	213,485	173,733
Payroll Reimbursements, Related Party		531,503	0	1,647,584
TOTAL REVENUE	3,235,185	3,645,922	11,426,312	12,680,144
OPERATING EXPENSES
Room	839,559	834,253	2,779,221	2,666,947
Food and Beverage	248,761	168,142	770,503	623,699
Telecommunications	9,582	10,567	45,658	34,466
General and Administrative	749,107	637,003	2,363,403	2,243,828
Sales and Marketing	252,836	261,074	850,151	810,870
Repairs and Maintenance	320,188	313,079	1,087,408	1,102,434
Hospitality	179,522	161,521	621,742	577,364
Utilities	343,275	327,099	971,271	933,011
Hotel Property Depreciation	440,016	422,214	1,307,203	1,308,764
Real Estate and Personal Property Taxes, Insurance and Ground Rent	182,780	268,988	727,769	676,070
Other	3,091	2,838	8,144	10,404
Payroll Expenses, Related Party		531,503		1,647,584
TOTAL OPERATING EXPENSES	3,568,717	3,938,281	11,532,473	12,635,441
OPERATING INCOME (LOSS)	(333,532)	(292,359)	(106,161)	44,703
Interest Income	14,122	1,144	19,524	1,704
TOTAL OTHER INCOME	14,122	1,144	19,524	1,704
Interest on Mortgage Notes Payable	236,053	375,423	701,968	1,131,051
Interest on Notes Payable to Banks	7,841		8,935
Interest on Other Notes Payable	7,673	10,115	25,761	25,941
TOTAL INTEREST EXPENSE	251,567	385,538	736,664	1,156,992
CONSOLIDATED NET LOSS	(570,977)	(676,753)	(823,301)	(1,110,585)
LESS: NET LOSS ATTRIBUTABLE TO NON-CONTROLLING INTERESTS	(172,857)	(151,439)	(195,570)	(276,391)
NET LOSS ATTRIBUTABLE TO CONTROLLING INTERESTS	$ (398,120)	$ (525,314)	$ (627,731)	$ (834,194)
NET LOSS PER SHARE – BASIC AND DILUTED (in Dollars per share)	$ (0.05)	$ (0.06)	$ (0.07)	$ (0.10)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING – BASIC AND DILUTED (in Shares)	8,400,593	8,499,442	8,419,415	8,534,627