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Discontinued Operations and Assets Held for Sale (Tables)
 9 Months Ended
Oct. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Disposal Group Including Discontinued Operation Balance Sheet

   OCTOBER 31, 2015   JANUARY 31, 2015 
   (UNAUDITED)   (UNAUDITED) 
ASSETS          
Current Assets:          
Cash and Cash Equivalents  $1,488,785   $360,002 
Accounts Receivable   114,602    354,447 
Prepaid Expenses and Other Current Assets   84,513    121,901 
Total Current Assets of Discontinued Operations and Assets Held for Sale   1,687,900    836,350 
Noncurrent assets of Discontinued Operations and Assets Held for Sale   13,815,269    20,716,731 
TOTAL ASSETS OF DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE  $15,503,169   $21,553,081 
           
LIABILITIES          
           
LIABILITIES          
Current Liabilities:          
Accounts Payable and Accrued Expenses  $1,363,967   $1,956,488 
Current Portion of Mortgage Notes Payable   322,598    5,202,978 
Current Portion of Notes Payable to Banks   15,270    658,835 
Line of Credit - Related Party   -    279,051 
Total Current Liabilities of Discontinued Operations and Assets Held for Sale   1,701,835    8,097,352 
Noncurrent Liabilities of Discontinued Operations and Assets Held for Sale   8,461,521    8,701,557 
TOTAL LIABILITIES OF DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE  $10,163,356   $16,798,909 
Schedule of Disposal Group Including Discontinued Operation Statements

   FOR THE NINE MONTHS ENDED 
   OCTOBER 31, 
   2015    2014 
   (UNAUDITED)   (UNAUDITED) 
REVENUE          
Room  $8,123,053   $8,334,730 
Food and Beverage   754,196    728,139 
Management and Trademark Fees   -    - 
Other   69,625    96,923 
TOTAL REVENUE   8,946,874    9,159,792 
           
OPERATING EXPENSES          
Room   2,846,502    2,302,533 
Food and Beverage   717,061    604,670 
Telecommunications   5,955    6,788 
General and Administrative   1,012,191    1,026,561 
Sales and Marketing   593,836    568,201 
Repairs and Maintenance   787,377    689,151 
Hospitality   609,082    574,222 
Utilities   873,705    867,695 
Hotel Property Depreciation   659,266    956,619 
Real Estate and Personal Property Taxes, Insurance and Ground Rent   558,153    645,476 
Other   25,057    8,810 
TOTAL OPERATING EXPENSES   8,688,185    8,250,726 
OPERATING INCOME   258,689    909,066 
Interest Income on Advances to Affiliates - Related Party   -    2,512 
TOTAL OTHER INCOME   -    2,512 
Interest on Mortgage Notes Payable   410,515    267,006 
Interest on Notes Payable to Banks   78,636    28,402 
TOTAL INTEREST EXPENSE   489,151    295,408 
CONSOLIDATED NET (LOSS) INCOME BEFORE DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE, NET OF NON-CONTROLLING INTEREST  $(230,462)  $616,170 

 

   FOR THE THREE MONTHS
ENDED OCTOBER 31,		 
   2015   2014 
   (UNAUDITED)   (UNAUDITED) 
REVENUE          
Room   2,171,208    2,405,128 
Food and Beverage   146,578    174,530 
Management and Trademark Fees   -    - 
Other   15,946    27,628 
TOTAL REVENUE   2,333,732    2,607,286 
           
OPERATING EXPENSES          
Room   1,047,783    739,811 
Food and Beverage   190,607    190,837 
Telecommunications   314    1,988 
General and Administrative   310,618    334,286 
Sales and Marketing   175,875    176,061 
Repairs and Maintenance   233,497    200,401 
Hospitality   178,890    166,496 
Utilities   319,664    301,353 
Hotel Property Depreciation   -    317,604 
Real Estate and Personal Property Taxes, Insurance and Ground Rent   234,536    246,618 
Other   12,933    (1,058)
TOTAL OPERATING EXPENSES   2,704,717    2,674,397 
OPERATING LOSS   (370,985)   (67,111)
Interest Income on Advances to Affiliates - Related Party   -    - 
TOTAL OTHER INCOME   -    - 
Interest on Mortgage Notes Payable   118,074    16,748 
Interest on Notes Payable to Banks   18,948    61,179 
TOTAL INTEREST EXPENSE   137,022    77,927 
CONSOLIDATED NET LOSS BEFORE DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE, NET OF NON-CONTROLLING INTEREST  $(508,007)  $(145,038)