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Property, Equipment, and Hotel Properties
 6 Months Ended
Jul. 31, 2020
Property, Plant and Equipment [Abstract]  
Property, Equipment, and Hotel Properties

5. PROPERTY, EQUIPMENT, AND HOTEL PROPERTIES

 

As of July 31, 2020 and January 31, 2020, hotel properties consisted of the following:

 

    July 31, 2020     January 31, 2020  
Land   $ 2,500,000     $ 2,500,000  
Building and improvements     10,515,156       10,495,465  
Furniture, fixtures and equipment     4,047,444       4,021,890  
Total hotel properties     17,062,600       17,017,355  
Less accumulated depreciation     (8,569,683 )     (8,155,224 )
Hotel Properties in Service, net     8,492,918       8,862,131  
Construction in progress     0       40,965  
Hotel properties, net   $ 8,492,918     $ 8,903,096  

 

As of July 31, 2020 and January 31, 2020, corporate property and equipment consisted of the following:

 

    July 31, 2020     January 31, 2020  
Land   $ 7,005     $ 7,005  
Building and improvements     75,662       75,662  
Furniture, fixtures and equipment     166,121       160,987  
Total property, plant and equipment     248,788       243,654  
Less accumulated depreciation     (175,679 )     (163,427 )
Property, Plant and Equipment, net   $ 73,109     $ 80,227