Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Jan. 31, 2013

Real Estate and Accumulated Depreciation Disclosure [Text Block]

SCHEDULE III

INNSUITES HOSPITALITY TRUST AND SUBSIDIARY

REAL ESTATE AND ACCUMULATED DEPRECIATION

AS OF JANUARY 31, 2013

			Initial Cost to Tenant				Cost Capitalized Subsequent to Acquisition					Gross Amounts at Which Carried at Close of Period

Properties	Encumbrances		Land		Building and Improvements		Land			Building and Improvements		Land		Building and Improvements

InnSuites Hotels and Suites Tucson, Catalina Foothills Best Western Tucson, Arizona	$	1,706,278	$	-	$	4,220,820	$	-		$	2,299,332	$	-	$	6,520,152

InnSuites Hotels and Suites Yuma Yuma, Arizona		5,469,475		251,649		4,983,292		53,366			2,544,040		305,015		7,527,332

Best Western Airport Ontario Hotel and Suites Ontario, California		6,323,592		1,633,064		5,450,872		-			1,577,883		1,633,064		7,028,755

InnSuites Hotels and Suites Tucson St. Mary's Tucson, Arizona		5,227,835		900,000		9,166,549		(20,564	)		1,643,590		879,436		10,810,139

InnSuites Hotels and Suites Albuquerque Airport Best Western Albuquerque, New Mexico		1,227,744		-		1,903,970		-			225,828		-		2,129,798

InnSuites Hospitality Trust Phoenix, Arizona		-		7,005		75,662		-			-		7,005		75,662

	$	19,954,924	$	2,791,718	$	25,801,165	$	32,802		$	8,290,673	$	2,824,520	$	34,091,838

	Gross Land and Building		Accumulated Depreciation		Net Book Value Land and Buildings and Improvements		Date of Construction		Date of Acquisition		Depreciation in Income Statement is Computed (years)

InnSuites Hotels and Suites Tucson, Catalina Foothills Best Western Tucson, Arizona	$	6,520,152	$	2,609,344	$	3,910,808		1981		1998		5	-	40

InnSuites Hotels and Suites Yuma Yuma, Arizona		7,832,347		2,846,333		4,986,014		1982		1998		5	-	40

Best Western Airport Ontario Hotel and Suites Ontario, California		8,661,819		3,108,508		5,553,311		1990		1998		5	-	40

InnSuites Hotels and Suites Tucson St. Mary's Tucson, Arizona		11,689,575		4,390,892		7,298,683		1960		1998		5	-	40

InnSuites Hotels and Suites Albuquerque Airport Best Western Albuquerque, New Mexico		2,129,798		961,488		1,168,310		1975		2000		5	-	40

InnSuites Hospitality Trust Phoenix, Arizona		82,667		20,062		62,605		2004		2004			33

	$	36,916,358	$	13,936,627	$	22,979,731

(A) Aggregate cost for federal income tax purposes at January 31, are as follows:

	2013		2012
Land	$	1,856,788	$	1,856,788
Buildings and improvements		18,863,378		19,414,468
	$	20,720,166	$	21,271,256

Reconciliation of Real Estate:

Balance at January 31, 2011	$	37,199,045
Improvement to Hotel Properties	301,629
Disposal of Property Improvements	(33,226		)

Balance at January 31, 2012	$	37,467,448
Improvement to Hotel Properties	447,289
Disposal of Property Improvements	(998,379		)

Balance at January 31, 2013	$	36,916,358

- Definition

The entire disclosure for real estate and accumulated depreciation. This may include a schedule that describes the property and lists the initial cost of land, buildings and improvements, improvements and carrying costs capitalized after acquisition, and the total carrying cost for land, buildings and improvements for each property and in aggregate. The schedule also lists the accumulated depreciation for each property and in aggregate, the date each property was constructed and acquired, the useful life used to calculate depreciation and any encumbrances on the properties. The entity provides a reconciliation of the carrying amount of real estate from the beginning of the period to the end of the period. Any real estate investments that have been written down or reserved against are described, including the basis of the write-down. A material amount of intercompany profit in the total carrying amount of real estate is disclosed. The aggregate cost of all real estate investments for federal income tax purposes is also disclosed.

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