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Notes Payable to Banks | 12 Months Ended
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Jan. 31, 2020
Debt Disclosure [Abstract] |
Notes Payable to Banks | 13. NOTES PAYABLE TO BANKS On October 17, 2017 the Trust entered into a Business Loan Agreement with Republic Bank of Arizona for a revolving line of credit for $150,000. The loan has a variable rate as the published rate in the Wall Street Journal, and matures in August, 2021. The balance as of January 31, 2020 and 2019 was $17,100 and $-0-, respectively. On October 17, 2017 Albuquerque Suite Hospitality LLC (the Albuquerque Hotel) entered into a Business Loan Agreement with Republic Bank of Arizona for a revolving line of credit for $50,000. The loan has a variable rate as the published rate in the Wall Street Journal, and matures in October, 2022. The balance as of January 31, 2020 and 2019 was $-0- and $-0-, respectively. On October 17, 2017 Tucson Hospitality Properties LLLP (the Tucson Hotel) entered into a Business Loan Agreement for a revolving line of credit for $50,000. The loan has a variable rate as the published rate in the Wall Street Journal, and matures in October, 2022. The balance as of January 31, 2020 and 2019 was $-0- and $-0-, respectively.

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