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Subsequent Events | 9 Months Ended
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Oct. 31, 2018
Subsequent Events [Abstract] |
Subsequent Events | 13. SUBSEQUENT EVENTS Subsequent to October 31, 2018, the Trust repurchased 26,644 shares of common stock on the open mark on various dates for a total cash purchase price of approximately $47,000. Subsequent to October 31, 2018, the Trust, through its subsidiary Yuma Hospitality, made a cash distribution of approximately $7,773,000 to third party syndicate investors and approximately $825,000 to REF, a related party, in connection with the sale of Yuma. On December 6, 2018, the Board approved a bonus in the amount of $36,000 to be paid over a 5 month period to the Executive Vice President of the Trust. The bonus is in connection with the sale of the Yuma Hotel property. On December 6, 2018, the Board declared a dividend of $0.01 per share payable on January 30, 2019 to shareholders of record as of January 10, 2019.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 + Details
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