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Subsequent Events
6 Months Ended
Jul. 31, 2015
Subsequent Events [Abstract]  
Subsequent Events

11. SUBSEQUENT EVENTS

 

On August 11, 2015, the Trust through one of its subsidiaries, Tucson Saint Mary’s Suite Hospitality, LLC obtained a Loan Extension on its first trustee mortgage to October 28, 2015. All other terms of the agreement remain the same. Guarantors are James F. Wirth, CEO, IHT and RRF Limited Partnership. Management anticipates refinancing this note with Hanmi Bank (“Lender”) or selling the property prior to October 28, 2015.