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Note 8 - Sale of Partnership Interests in Ontario Hospitality Properties, LP | 6 Months Ended
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Jul. 31, 2013
Sale Of Partnership Interests In Ontario Hospitality Properties LP [Abstract] |
Sale Of Partnership Interests In Ontario Hospitality Properties LP [Text Block] | 8. SALE OF PARTNERSHIP INTERESTS IN ONTARIO HOSPITALITY PROPERTIES, LP At July 31, 2013, the Partnership had sold 235 units to unrelated parties at $10,000 per unit totaling $2,350,000. As of July 31, 2013, the Partnership holds a 61.55% ownership interest in the Ontario entity, the Trust holds a 0.05% ownership interest, Mr. Wirth and his affiliates hold a 1.57% interest, and other parties hold a 36.83% interest. The Ontario entity has minimum preference payments to unrelated unit holders of $164,500, to the Trust of $210, to the Partnership of $274,890 and to Rare Earth of $7,000 per year payable quarterly for calendar years 2013 and 2014.

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