Property, Plant, and Equipment and Hotel Properties

9 Months Ended

Oct. 31, 2019

Property, Plant and Equipment [Abstract]

Property, Plant, and Equipment and Hotel Properties

5. PROPERTY, PLANT, AND EQUIPMENT AND HOTEL PROPERTIES

As of October 31, 2019 and January 31, 2019, hotel properties consisted of the following:

	October 31, 2019			January 31, 2019
Land	$	2,500,000		$	2,500,000
Building and improvements		10,436,689			10,334,919
Furniture, fixtures and equipment		3,998,560			3,860,574
Total hotel properties		16,935,249			16,695,493
Less accumulated depreciation		(7,945,919	)		(7,312,869	)
Hotel Properties in Service, net		8,989,330			9,382,625
Construction in progress		40,979			43,657
Hotel properties, net	$	9,030,309		$	9,426,282

As of October 31, 2019 and January 31, 2019, corporate property, plant and equipment consisted of the following:

	October 31, 2019			January 31, 2019
Land	$	7,005		$	7,005
Building and improvements		75,662			75,662
Furniture, fixtures and equipment		534,879			534,879
Total property, plant and equipment		617,546			617,546
Less accumulated depreciation		(531,307	)		(511,035	)
Property, Plant and Equipment, net	$	86,239		$	106,511