XML 43 R31.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Sale of Tucson Saint Mary's Suite Hospitality Property | 12 Months Ended
--- | ---
Jan. 31, 2017
Sale Of Tucson Saint Marys Suite Hospitality Property |
Sale of Tucson Saint Mary's Suite Hospitality Property | 24. SALE OF TUCSON SAINT MARY’S SUITE HOSPITALITY PROPERTY On October 14, 2015, the Trust sold its Tucson St. Mary’s hotel to an unrelated third party for approximately $9.7 million, which the Trust received approximately $4.6 million in cash. The Trust used $4.7 million of the proceeds to satisfy its mortgage note payable on the property, approximately $379,000 to reduce accruals and payables, and retained the remaining proceeds to fund future operations and capital improvements. The Trust recognized a gain on sale of property in the amount of approximately $2.4 million for the year ended January 31, 2016. For the twelve months ended January 31, 2016, Tucson St. Mary’s had approximately $2,855,000 of revenue, and approximately $3,376,000 of operating expenses. As of January 31, 2016, Tucson St. Mary’s had approximately $14,648 of current assets consisting primarily of cash and receivables, and approximately $27,000 of current liabilities consisting of accounts payables and accrued expenses. During the twelve months ended January 31, 2016, and January 31, 2015, depreciation/amortization and capital expenses were approximately $233,000 and $341,000, respectively. In addition, there were no significant non-cash operating and investing activities during such period. See our Note 7 – “Sale of Ownership Interests in Tucson St Mary’s Suite Hospitality” for information about investing activities during the year ended January 31, 2016 for the Tucson St Mary’s hotel.

X
- References No definition available. + Details
Name: | IHT_SaleOfTucsonSaintMarysSuiteHospitalityPropertyAbstract
Namespace Prefix: | IHT_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Sale of Tucson Saint Mary's Suite Hospitality Property [Text Block] + References No definition available. + Details
Name: | IHT_SaleOfTucsonSaintMarysSuiteHospitalityPropertyTextBlock
Namespace Prefix: | IHT_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration