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Unaudited Condensed Consolidated Statements of Operations (USD $)
3 Months Ended 6 Months Ended
Jul. 31, 2014
Jul. 31, 2013
Jul. 31, 2014
Jul. 31, 2013
REVENUE        
Room $ 3,039,230 $ 3,121,138 $ 7,229,733 $ 7,428,119
Food and Beverage 177,698 205,596 571,371 561,762
Management and Trademark Fees 62,340 42,393 144,439 97,611
Other 51,063 57,885 110,858 135,718
TOTAL REVENUE 3,330,331 3,427,012 8,056,401 8,223,210
OPERATING EXPENSES        
Room 951,717 954,550 2,009,349 1,902,041
Food and Beverage 190,203 200,885 456,616 494,266
Telecommunications 8,117 8,895 15,904 14,434
General and Administrative 980,806 946,692 1,939,369 1,769,173
Sales and Marketing 312,644 246,041 613,880 535,229
Repairs and Maintenance 296,863 314,019 659,201 606,240
Hospitality 195,144 212,061 472,487 440,158
Utilities 352,811 343,012 656,463 607,399
Hotel Property Depreciation 447,911 444,850 891,952 899,481
Real Estate and Personal Property Taxes, Insurance and Ground Rent 204,969 256,371 450,577 482,484
Other 11,043 2,032 14,891 4,475
TOTAL OPERATING EXPENSES 3,952,228 3,929,408 8,180,689 7,755,380
OPERATING (LOSS) INCOME (621,897) (502,396) (124,288) 467,830
Interest Income 3 1,803 669 1,811
TOTAL OTHER INCOME 4,581 1,803 5,247 1,811
Interest on Mortgage Notes Payable 181,574 190,686 355,204 371,843
Interest on Notes Payable to Banks 8,392 8,852 16,844 8,852
Interest on Other Notes Payable 13,089 10,440 14,505 16,302
Interest on Line of Credit - Related Party 5,602   5,602  
TOTAL INTEREST EXPENSE 208,657 209,978 392,155 396,997
CONSOLIDATED NET (LOSS) INCOME BEFORE INCOME TAX PROVISION (825,973) (710,571) (511,196) 72,644
Income Tax Provision (49,260)   (80,000)  
CONSOLIDATED NET (LOSS) INCOME (875,233) (710,571) (591,196) 72,644
LESS: NET INCOME ATTRIBUTABLE TO NON-CONTROLLING INTEREST (28,783) (43,514) 193,385 303,693
NET LOSS ATTRIBUTABLE TO CONTROLLING INTERESTS (846,450) (667,057) (784,581) (231,049)
NET LOSS PER SHARE – BASIC AND DILUTED (in Dollars per share) $ (0.10) $ (0.08) $ (0.09) $ (0.03)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - BASIC AND DILUTED (in Shares) 8,403,072 8,376,472 8,391,421 8,381,868
Advances to Affliate [Member]
       
OPERATING EXPENSES        
Interest Income - Related Party 2,728   2,728  
Notes Receivable [Member]
       
OPERATING EXPENSES        
Interest Income - Related Party $ 1,850   $ 1,850