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Unaudited Consolidated Statements of Operations (USD $)
3 Months Ended
Apr. 30, 2013
Apr. 30, 2012
REVENUE    
Room $ 4,306,981 $ 4,283,258
Food and Beverage 356,166 359,354
Other 77,833 64,557
Management and Trademark Fees 55,218 112,456
TOTAL REVENUE 4,796,198 4,819,625
OPERATING EXPENSES    
Room 947,491 977,216
Food and Beverage 293,381 263,079
Telecommunications 5,539 16,820
General and Administrative 822,481 796,372
Sales and Marketing 289,188 283,911
Repairs and Maintenance 292,221 395,997
Hospitality 228,097 227,023
Utilities 264,387 283,670
Hotel Property Depreciation 454,631 433,657
Real Estate and Personal Property Taxes, Insurance and Ground Rent 226,113 287,132
Other 2,443 2,408
TOTAL OPERATING EXPENSES 3,825,972 3,967,285
OPERATING INCOME 970,226 852,340
Interest Income 8 108
TOTAL OTHER INCOME 8 108
Interest on Mortgage Notes Payable 181,157 197,969
Interest on Notes Payable to Banks   204
Interest on Other Notes Payable 5,862 9,453
TOTAL INTEREST EXPENSE 187,019 207,626
CONSOLIDATED NET INCOME 783,215 644,822
LESS: NET LOSS ATTRIBUTABLE TO NON-CONTROLLING INTEREST 347,965 180,608
NET LOSS ATTRIBUTABLE TO CONTROLLING INTERESTS $ 435,250 $ 464,214
NET LOSS PER SHARE – BASIC AND DILUTED (in Dollars per share) $ 0.05 $ 0.05
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING -    
BASIC AND DILUTED (in Shares) 8,387,447 8,441,045