InnSuites Hospitality Trust (IHT) 10-K 8 Apr 24 2024 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Jan. 31, 2024	Apr. 08, 2024	Jul. 31, 2023
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Jan. 31, 2024
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--01-31
Entity File Number	1-7062
Entity Registrant Name	INNSUITES HOSPITALITY TRUST
Entity Central Index Key	0000082473
Entity Tax Identification Number	34-6647590
Entity Incorporation, State or Country Code	OH
Entity Address, Address Line One	InnSuites Hotels Centre
Entity Address, Address Line Two	1730 E. Northern Avenue
Entity Address, Address Line Three	Suite 122
Entity Address, City or Town	Phoenix
Entity Address, State or Province	AZ
Entity Address, Postal Zip Code	85020
City Area Code	(602)
Local Phone Number	944-1500
Title of 12(b) Security	Shares of beneficial interest without par value
Trading Symbol	IHT
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 5,352,582
Entity Common Stock, Shares Outstanding		9,023,806
Documents Incorporated by Reference [Text Block]	None
Document Financial Statement Error Correction [Flag]	false
Auditor Name	BF Borgers CPA PC
Auditor Firm ID	5041
Auditor Location	Lakewood, CO

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jan. 31, 2024	Jan. 31, 2023
Current Assets:
Cash	$ 1,325,368	$ 2,111,383
Accounts Receivable	111,946	101,737
Employee Retention Credit Receivable	1,233,527	1,753,955
Prepaid Expenses and Other Current Assets	310,891	200,429
Total Current Assets	2,981,732	4,167,504
Property and Equipment, net	7,051,192	7,209,488
Notes Receivable (net)	1,925,000	1,925,000
Operating Lease – Right of Use	2,088,693	2,108,418
Finance Lease – Right of Use		20,812
Convertible Note Receivable	1,000,000	1,000,000
Investment in Private Company Stock	633,750	588,750
TOTAL ASSETS	15,680,367	17,019,972
Current Liabilities:
Accounts Payable and Accrued Expenses	1,049,530	990,291
Current Portion of Mortgage Notes Payable, net of Discount	230,921	223,680
Current Portion of Other Notes Payable	470,000	570,000
Current Portion of Operating Lease Liability	6,268	12,010
Current Portion of Finance Lease Liability		15,159
Total Current Liabilities	1,756,719	1,811,140
Mortgage Notes Payable, net of Discount	9,019,664	9,251,324
Operating Lease Liability, net of current portion	2,249,072	2,267,645
Finance Lease Liability, net of current portion		7,718
TOTAL LIABILITIES	13,025,455	13,337,827
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY
Shares of Beneficial Interest, without par value, unlimited authorization; 8,988,804 and 9,161,589 shares issued and 8,791,822 and 9,010,909 shares outstanding at January 31, 2024 and January 31, 2023, respectively	7,039,055	6,992,148
Treasury Stock, 196,982 and 150,680 shares held at cost at January 31, 2024 and January 31, 2023, respectively	(872,238)	(417,100)
TOTAL TRUST SHAREHOLDERS’ EQUITY	6,166,817	6,575,048
NON-CONTROLLING INTEREST	(3,511,905)	(2,892,903)
TOTAL EQUITY	2,654,912	3,682,145
TOTAL LIABILITIES AND EQUITY	15,680,367	17,019,972
Related Party [Member]
Current Assets:
Notes Receivable (net)

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	12 Months Ended
	Jan. 31, 2024	Jan. 31, 2023
Statement of Financial Position [Abstract]
Common stock, no par value
Common stock, shares authorized, unlimited	Unlimited	Unlimited
Common stock, shares issued	8,988,804	9,161,589
Common stock, shares outstanding	8,791,822	9,010,909
Treasury stock, common shares	196,982	150,680

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Jan. 31, 2024	Jan. 31, 2023
REVENUE
TOTAL REVENUE	$ 7,484,398	$ 7,145,687
OPERATING EXPENSES
TOTAL OPERATING EXPENSES	8,205,374	7,443,022
TOTAL OPERATING EXPENSES	8,205,374	7,443,022
OPERATING LOSS	(720,976)	(297,335)
Other Income	46,538	2,631
Interest Income	50,057	65,441
TOTAL OTHER INCOME	96,595	68,072
Interest on Mortgage Notes Payable	480,522	466,728
Interest on Other Notes Payable	21,185	63,619
TOTAL INTEREST EXPENSE	501,707	530,347
CONSOLIDATED NET LOSS BEFORE EMPLOYEE RETENTION CREDIT	(1,126,088)	(759,610)
Employee Retention Credit	1,403,164	1,403,164
Income Tax Benefit	100	93,497
CONSOLIDATED NET INCOME	277,176	737,051
LESS: NET INCOME ATTRIBUTABLE TO NON-CONTROLLING INTEREST	73,296	213,880
NET INCOME ATTRIBUTABLE TO CONTROLLING INTERESTS	$ 203,880	$ 523,171
NET INCOME PER SHARE - BASIC	$ 0.02	$ 0.06
NET INCOME PER SHARE - DILUTED	$ 0.02	$ 0.06
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - BASIC	9,161,286	9,159,107
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - DILUTED	9,161,286	9,159,107
Room [Member]
REVENUE
TOTAL REVENUE	$ 7,292,204	$ 6,974,468
OPERATING EXPENSES
TOTAL OPERATING EXPENSES	2,525,093	2,221,990
TOTAL OPERATING EXPENSES	2,525,093	2,221,990
Food and Beverage [Member]
REVENUE
TOTAL REVENUE	78,501	53,089
OPERATING EXPENSES
TOTAL OPERATING EXPENSES	187,864	198,808
TOTAL OPERATING EXPENSES	187,864	198,808
Other [Member]
REVENUE
TOTAL REVENUE	113,693	118,130
OPERATING EXPENSES
TOTAL OPERATING EXPENSES	31,628	3,644
TOTAL OPERATING EXPENSES	31,628	3,644
Telecommunications [Member]
OPERATING EXPENSES
TOTAL OPERATING EXPENSES	622	314
TOTAL OPERATING EXPENSES	622	314
General and Administrative [Member]
OPERATING EXPENSES
TOTAL OPERATING EXPENSES	2,470,361	2,226,788
TOTAL OPERATING EXPENSES	2,470,361	2,226,788
Sales and Marketing [Member]
OPERATING EXPENSES
TOTAL OPERATING EXPENSES	408,886	451,495
TOTAL OPERATING EXPENSES	408,886	451,495
Repairs and Maintenance [Member]
OPERATING EXPENSES
TOTAL OPERATING EXPENSES	466,212	412,696
TOTAL OPERATING EXPENSES	466,212	412,696
Hospitality [Member]
OPERATING EXPENSES
TOTAL OPERATING EXPENSES	459,404	367,864
TOTAL OPERATING EXPENSES	459,404	367,864
Utilities [Member]
OPERATING EXPENSES
TOTAL OPERATING EXPENSES	422,851	427,869
TOTAL OPERATING EXPENSES	422,851	427,869
Depreciation [Member]
OPERATING EXPENSES
TOTAL OPERATING EXPENSES	679,157	702,386
TOTAL OPERATING EXPENSES	679,157	702,386
Real Estate and Personal Property Taxes, Insurance and Ground Rent [Member]
OPERATING EXPENSES
TOTAL OPERATING EXPENSES	553,296	429,168
TOTAL OPERATING EXPENSES	$ 553,296	$ 429,168

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($)	Common Stock [Member]	Treasury Stock, Common [Member]	Trust Shareholders Equity [Member]	Noncontrolling Interest [Member]	Total
Balance at Jan. 31, 2022	$ 6,599,069	$ (130,464)	$ 6,468,605	$ (2,336,564)	$ 4,132,041
Balance, shares at Jan. 31, 2022	9,079,513	44,076
Net Income	$ 523,171		523,171	213,880	737,051
Purchase of Treasury Stock		$ (286,636)	(286,636)		(286,636)
Purchase of Treasury Stock, shares	(106,604)	106,604
Shares of Beneficial Interest Issued for Services Rendered	$ 52,693		52,693		52,693
Shares of Beneficial Interest Issued for Services Rendered, shares	38,000
Dividends	$ (182,785)		(182,785)		(182,785)
Distribution to Non-Controlling Interests				(810,219)	(810,219)
Sales of Ownership Interests in Subsidiary, net				40,000	40,000
Balance at Jan. 31, 2023	$ 6,992,148	$ (417,100)	6,575,048	(2,892,903)	3,682,145
Balance, shares at Jan. 31, 2023	9,010,909	150,680
Net Income	$ 203,880		203,880	73,296	277,176
Purchase of Treasury Stock		$ (455,138)	(455,138)		(455,138)
Purchase of Treasury Stock, shares	(265,087)	265,087
Shares of Beneficial Interest Issued for Services Rendered	$ 23,147		23,147		23,147
Shares of Beneficial Interest Issued for Services Rendered, shares	46,000
Dividends	$ (180,120)		(180,120)		(180,120)
Reconciliation of Treasury Shares
Reconciliation of Treasury Shares, shares		(218,785)
Distribution to Non-Controlling Interests				(692,298)	(692,298)
Balance at Jan. 31, 2024	$ 7,039,055	$ (872,238)	$ 6,166,817	$ (3,511,905)	$ 2,654,912
Balance, shares at Jan. 31, 2024	8,791,822	196,982

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Jan. 31, 2024	Jan. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Consolidated Net Income	$ 277,176	$ 737,051
Adjustments to Reconcile Consolidated Net Income to Net Cash Provided By Operating Activities:
Oher Notes Payable Correction		18,983
Employee Retention Credit	520,428	(1,403,164)
Stock-Based Compensation	23,147	52,693
Depreciation	679,157	702,386
Changes in Assets and Liabilities:
Accounts Receivable	(10,209)	26,533
Prepaid Expenses and Other Assets	(110,462)	(82,561)
Operating Lease	(4,590)	(85,131)
Finance Lease	(2,065)	(1,493)
Accounts Payable and Accrued Expenses	59,239	88,922
NET CASH PROVIDED BY OPERATING ACTIVITIES	1,431,821	54,219
CASH FLOWS FROM INVESTING ACTIVITIES
Improvements and Additions to Hotel Properties	(520,861)	(332,561)
Payments on Investments in Unigen	(45,000)	(315,000)
NET CASH USED IN INVESTING ACTIVITIES	(565,861)	(647,561)
CASH FLOWS FROM FINANCING ACTIVITIES
Principal Payments on Mortgage Notes Payable	(224,419)	(166,535)
Borrowings on Mortgage Notes Payable		3,884,237
Payments on Notes Payable - Related Party		(1,955,093)
Borrowings on Note Payable - Related Party		977,546
Payments on Other Notes Payable	(100,000)	(20,170)
Payment of Dividends	(180,120)	(182,785)
Distributions to Non-Controlling Interest Holders	(692,298)	(810,219)
Sale of Ownership Interest in Subsidiary, net		40,000
Repurchase of Treasury Stock	(455,138)	(286,636)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES	(1,651,975)	1,480,345
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(786,015)	887,003
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	2,111,383	1,224,380
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$ 1,325,368	$ 2,111,383

NATURE OF OPERATIONS AND BASIS

NATURE OF OPERATIONS AND BASIS OF PRESENTATION	12 Months Ended
	Jan. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NATURE OF OPERATIONS AND BASIS OF PRESENTATION	1. NATURE OF OPERATIONS AND BASIS OF PRESENTATION As of January 31, 2024, InnSuites Hospitality Trust (the “Trust”, “IHT”, “we”, “us” or “our”) is a publicly traded unincorporated Ohio business real estate investment trust (REIT) with two hotels that IHT has an ownership interest in and manages. The Trust and its shareholders directly in and through a Partnership, own interests in two hotels with an aggregate of 270 hotel suites in Arizona and New Mexico. Both are operated under the federally trademarked name “InnSuites”, as well as operating under the brand name “Best Western”. The Trust and its shareholders hold a diversification $ 1 6 633,750 540,000 Hotel Operations: Full service hotels often contain upscale full-service facilities with a large volume of full service accommodations, on-site full-service restaurant(s), and a variety of on-site amenities such as swimming pools, a health club, children’s activities, ballrooms and on-site conference facilities. Moderate or limited-service hotels are small to medium-sized hotel establishments that offer a limited amount of on-site amenities. Most moderate or limited service establishments may still offer full service accommodations. The Trust considers its Tucson, Arizona hotel and our hotel located in a subsidiary of Albuquerque, New Mexico to be moderate or limited service hotels. IHT provides management services and marketing. Our Tucson, Arizona Hotel and our Hotel located in Albuquerque, New Mexico are moderate service hotels. Both hotels offer swimming pools, fitness centers, business centers, and complimentary breakfast. In addition, the Hotels offer complementary social areas and modest conference facilities. The Tucson hotel has “PJ’s” Pub and Café, as well. The Trust is the sole general partner of RRF Limited Partnership, a Delaware limited partnership (the “Partnership”), and owned a 75.89 75.89 51.62 21.90 RRF Limited Partnership, an IHT subsidiary, manages the Hotels’ daily operations under 2 management agreements. RRF also provides the use of the “InnSuites” trademark to the Hotels. All expenses and reimbursements between the Trust and RRF Partnership have been eliminated in consolidation. The Trust classified the Hotels as operating assets, but these assets are available for sale. At this time, the Trust is unable to predict when, and if, either of these will be sold. Neither the Tucson Hotel nor the Albuquerque Hotel is currently listed for sale, but the Trust is willing to consider offers for each Hotel. Each of the Hotels is being made available at a price that management believes is reasonable in relation to its current fair market value, earnings, profits, and replacement cost. PRINCIPLES OF CONSOLIDATION AND BASIS OF PRESENTATION These consolidated financial statements have been prepared by management in accordance with accounting principles in conformity with accounting principles generally accepted in the United States of America (“GAAP”), and include all assets, liabilities, revenues and expenses of the Trust and its subsidiaries. All material intercompany transactions and balances have been eliminated. Certain items have been reclassified to conform to the current fiscal year presentation. The Trust exercises unilateral control over the Partnership and the entities listed below. Therefore, the unaudited condensed financial statements of the Partnership and the entities listed below are consolidated with the Trust, and all significant intercompany transactions and balances have been eliminated. SCHEDULE OF ENTITY OWNERSHIP PERCENTAGE IHT OWNERSHIP % ENTITY DIRECT INDIRECT (i) Albuquerque Suite Hospitality, LLC 21.90 % - Tucson Hospitality Properties, LLLP - 51.62 % RRF Limited Partnership 75.89 % - (i) Indirect ownership is through the Partnership (i) Tucson Indirect ownership is through the Partnership The Trust has evaluated subsequent events through the date of the filing of its Form 10-K with the Securities and Exchange Commission. Other than those events disclosed indicating the recovery of economic and business activity, and continuing progress by UniGen in seeking the next round of financing and developing its innovative clean energy product, the Trust is not aware of any other significant events that occurred subsequent to the balance sheet date but prior to the filing of this report that would have a material impact on the Trust’s financial statements. As the general partner of the Partnership, the Trust exercises unilateral control over the Partnership. Therefore, the financial statements of the Partnership are consolidated with the Trust, and all significant intercompany transactions and balances have been eliminated. Under Accounting Standards Codification (“ASC”) Topic 810-10-25, Albuquerque Suite Hospitality, LLC has been determined to be a variable interest entity with the Trust as the primary beneficiary (see Note 5 – “Variable Interest Entity”). Therefore, the financial statements of Albuquerque Suite Hospitality, LLC, are consolidated with the Trust, and all significant intercompany transactions and balances have been eliminated. The financial statements of the Partnership and Tucson Hospitality Properties, LLLP are consolidated with the Partnership and the Trust, and all significant intercompany transactions and balances have been eliminated. NON-CONTROLLING INTEREST Non-controlling interest in the Trust represents the limited partners’ proportionate share of the capital and earnings of the Partnership and the two hotels. Income or loss is allocated to the non-controlling interest based on a weighted average ownership percentage in the entities throughout the period, and capital is allocated based on the ownership percentage at year-end. Any difference between the weighted average and point-in-time allocations is presented as a reallocation of non-controlling interest as a component of shareholders’ equity. As of January 31, 2024, non-controlling interest represented 48.38% interest in the InnSuites® hotel located in Tucson, Arizona, 78.10% interest in the InnSuites® hotel located in Albuquerque, New Mexico, and 24.11% in the Partnership. PARTNERSHIP AGREEMENT The Partnership Agreement of the Partnership provides for the issuance of two classes of Limited Partnership units, Class A and Class B. Class A and Class B Partnership units are identical in all respects. On January 31, 2024 and 2023, 211,755 1.60 2,974,038 22.51 3,185,793 3,174,041 10,025,724 75.89 On January 31, 2024, the total IHT Shares of Beneficial Interest are 8,988,804 3,185,793 12,174,597 LIQUIDITY The Trust’s principal source of cash to meet its cash requirements is revenues from hotel room reservations and from RRF Management fees from the Tucson, Arizona and Albuquerque, New Mexico properties. The Trust’s liquidity, including our ability to make distributions to its shareholders, and to service debt, will depend upon the ability of the Trust and the Partnership’s ability to generate sufficient cash flow from hotel operations, as well as to generate funds from repayment of intercompany advances and sale of assets. At a future date, the Trust may receive cash from hotel and energy operations and/or full or partial sale of one or both hotels, and/or full or partial sale of its UniGen diversification investment. As of January 31, 2024, the Trust had a related party Demand/Revolving Line of Credit/Promissory Note with an amount payable of approximately $ 0 7.0 2,000,000 2,000,000 As of January 31, 2024, the Trust had an amount receivable of the Advances to Affiliate credit facility of approximately $ 0 As of January 31, 2024, the Trust had three Revolving lines of Credit totaling $ 250,000 With approximately $ 1,325,000 2,000,000 250,000 There can be no assurance that the Trust will be successful selling properties, merging, or raising additional or replacement funds, or that these funds may be available on terms that are favorable to it. If the Trust is unable to raise additional or replacement funds, it may be required to sell or refinance certain of our assets to meet liquidity needs, which may not be on terms that are favorable. SEASONALITY OF THE HOTEL BUSINESS The Hotels’ operations historically have been somewhat seasonal. The Tucson Arizona Hotel historically experiences the highest occupancy in the first Fiscal Quarter (the winter high season) and, to a lesser extent, the fourth Fiscal Quarter. The second Fiscal Quarter (summer low season) historically tends to be the lowest occupancy period at this Arizona Hotel. This seasonality pattern can be expected to cause fluctuations in the Trust’s quarterly revenues. The Hotel located in Albuquerque, New Mexico historically experiences its most profitable periods during the second and third Fiscal Quarters (the summer high season), providing some balance to the general seasonality of the Trust’s hotel business. The seasonal nature of the Trust’s business increases its vulnerability to risks such as travel disruptions, labor force shortages and cash flow issues. Further, if an adverse event such as an actual or threatened virus pandemic, terrorist attack, international conflict, data breach, regional economic downturn or poor weather should occur at either of its two hotels, the adverse impact to the Trust’s revenues and profit could be significant.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Jan. 31, 2024
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES USE OF ESTIMATES The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the audited condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Trust’s operations are affected by numerous factors, including the economy, inflation, virus/pandemic, competition in the hotel industry and the effect of the economy on the travel and hospitality industries. The Trust cannot predict if any of the above items will have a significant impact in the future, nor can it predict what impact, if any, the occurrence of these or other events might have on the Trust’s operations and cash flows. Significant estimates and assumptions made by management include, but are not limited to, the estimated useful lives of long-lived assets and recoverability of long-lived assets and the fair values of the long-lived assets. PROPERTY AND EQUIPMENT Furniture, fixtures, building and improvements and hotel properties are stated at cost, except for land, and depreciated using the straight-line method over estimated lives ranging up to 40 3 10 Land is an indefinite-lived asset. The Trust tests its land for impairment annually, or whenever events or changes in circumstances indicate an impairment may have occurred, by comparing its carrying value to its implied fair value. For tax purposes the Trust takes advantage of accelerated depreciation methods (MACRS) for new capital additions and improvements to its Hotels. Management applies guidance ASC 360-10-35, to determine when it is required to test an asset for recoverability of its carrying value and whether, or not, an impairment exists. Under ASC 360-10-35, the Trust is required to test a long-lived asset for impairment when there is an indicator of impairment. Impairment indicators may include, but are not limited to, a drop in the performance of a long-lived asset, a decline in the hospitality industry or a decline in the economy. If an indicator of potential impairment is present, then an assessment is performed of whether the carrying amount of an asset exceeds its estimated undiscounted future cash flows over its estimated remaining life. If the estimated undiscounted future cash flows over the asset’s estimated remaining life are greater than the asset’s carrying value, no impairment is recognized; however, if the carrying value of the asset exceeds the estimated undiscounted future cash flows, then the Trust would recognize an impairment expense to the extent the asset’s carrying value exceeds its fair value, if any. The estimated future cash flows are based upon, among other things, assumptions about expected future operating performance, and may differ from actual cash flows. Long-lived assets evaluated for impairment are analyzed on a property-specific basis independent of the cash flows of other groups of assets. Evaluation of future cash flows is based on historical experience and other factors, including certain economic conditions, and committed future bookings. Management has determined no impairment for the Fiscal Years ended January 31, 2024, and January 31, 2023, respectively. CASH The Trust believes it places its cash only with high credit quality financial institutions, although these balances periodically exceed federally insured limits. COST METHOD INVESTMENT IN PRIVATE COMPANY STOCK Investment in private company stock consists of equity securities recorded at fair value. Fair value is defined as the price that would be received to sell an asset in an orderly transaction between market participants at the measurement date. We analyze our marketable securities in accordance with Accounting Standard Codification 321 (“ASC 321”). Valuations for private company stock are based on quoted prices for identical assets in active markets. Where marketable securities were found not be part of an actively traded market, we made a measurement alternative election and estimate the fair value at cost of the investment minus impairment. During the Fiscal Year ended January 31, 2024, 45,000 45,000 45,000 540,000 633,750 REVENUE RECOGNITION Hotel and Operations Revenues are primarily derived from the sources below and are recognized as services are rendered and when collectability is reasonably assured. Amounts received in advance of revenue recognition are considered deferred liabilities and are generally not significant. Revenues primarily currently consist of room rentals, food and beverage sales, management and trademark fees and other miscellaneous revenues from our properties. Revenues are recorded when rooms are occupied and when food and beverage sales are delivered. Management and trademark fees include a monthly accounting fee and a percentage of hotel room revenues for managing the daily operations of the Hotels. Each room night consumed by a guest with a cancelable reservation represents a contract whereby the Trust has a performance obligation to provide the room night at an agreed upon price. For cancellable reservations, the Trust recognizes revenue as each performance obligation (i.e., each room night) is met. Such contract is renewed if the guest continues their stay. For room nights consumed by a guest with a non-cancellable reservation, the entire reservation period represents the contract term whereby the Trust has a performance obligation to provide the room night or nights at an agreed upon price. For non-cancellable reservations, the Trust recognizes revenue over the term of the performance period (i.e., the reservation period) as room nights are consumed. For these reservations, the room rate is typically fixed over the reservation period. The Trust uses an output method based on performance completed to date (i.e., room nights consumed) to determine the amount of revenue it recognizes on a daily basis if the length of a non-cancellable reservation exceeds one night since consumption of room nights indicates when services are transferred to the guest. In certain instances, variable consideration may exist with respect to the transaction price, such as discounts, coupons and price concessions made upon guest checkout. In evaluating its performance obligation, the Trust bundles the obligation to provide the guest the room itself with other obligations (such as free Wi-Fi, complimentary breakfast, and high speed internet), as the other obligations are not distinct and separable because the guest cannot benefit from the additional amenities without the consumed room night. The Trust’s obligation to provide the additional items or services is not separately identifiable from the fundamental contractual obligation (i.e., providing the room and its contents). The Trust has no performance obligations once a guest’s stay is complete. We are required to collect certain taxes and fees from customers on behalf of government agencies and remit these back to the applicable governmental agencies on a periodic basis. We have a legal obligation to act as a collection agent. We do not retain these taxes and fees and, therefore, they are not included in revenues. We record a liability when the amounts are collected and relieve the liability when payments are made to the applicable taxing authority or other appropriate governmental agency. ACCOUNTS RECEIVABLES AND ALLOWANCE FOR DOUBTFUL ACCOUNTS Accounts receivable are derived from guest stays and other reservations at the Hotels. Accounts receivable are carried at original amounts billed less an estimate made for doubtful accounts based on a review of outstanding amounts on a quarterly basis. Management generally records an allowance for doubtful accounts for 50 100 0 LEASE ACCOUNTING The Trust determines, at the inception of a contract, if the arrangement is a lease and whether it meets the classification criteria for a finance or operating lease. Right of Use (ROU), assets represent the Trust’s right to use an underlying asset during the lease term and lease liabilities represent the Trust’s obligation to make lease payments arising from the lease. ROU assets and lease liabilities are recognized at commencement date based on the present value of fixed lease payments over the lease term. ROU assets also include any advance lease payments and exclude lease incentives. As most of the Trust’s operating leases do not provide an implicit rate, the Trust uses its incremental borrowing rate based on information available at commencement date in determining the present value of lease payments. Finance lease agreements generally include an interest rate that is used to determine the present value of future lease payments. Operating fixed lease expense and finance lease depreciation expense are recognized on a straight-line basis over the lease term (see Note 16). TRUSTEE STOCK-BASED COMPENSATION The Trust has an employee equity incentive plan, which is described more fully in Note 15 - “Share-Based Payments.” The three independent members of the Board of Trustees each earn 6,000 In addition, 3,000 2,000 The following table summarizes restricted share activity during Fiscal Years 2023 and 2024. SUMMARIZES OF RESTRICTED SHARE ACTIVITY Restricted Shares Shares Price on Date of Grant Balance at January 31, 2022 - - Granted 38,000 $ 2.08 Vested (25,333 ) $ 2.08 Forfeited - Balance of unvested awards at January 31, 2023 12,667 Granted 46,000 $ 1.20 Vested (58,667 ) $ 1.20 Balance of unvested awards at January 31, 2024 - TREASURY STOCK Treasury stock is carried at cost, including any brokerage commissions paid to repurchase the shares. Any shares issued from treasury stock are removed at cost, with the difference between cost and fair value at the time of issuance recorded against Shares of Beneficial Interest. InnSuites Hospitality Trust continues its Company Stock Buyback Plan allowed within the NYSE American limitations. INCOME TAXES The Trust is subject to federal and state corporate income taxes, and accounts for deferred taxes utilizing an asset and liability method whereby deferred tax assets are recognized for deductible temporary differences and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when it is determined to be more likely than not that some portion, or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment (see Note 18). DIVIDENDS AND DISTRIBUTIONS In Fiscal Years 2024 and 2023, the Trust paid a semi-annual dividend of $ 0.01 0.02 180,120 182,785 NET INCOME PER SHARE Basic and diluted net income per Share of Beneficial Interest is computed based on the weighted-average number of Shares of Beneficial Interest and potentially dilutive securities outstanding during the period. Dilutive securities are limited to the Class A and Class B units of the Partnership, which are convertible into 3,174,041 For the Fiscal Years ended January 31, 2024 and 2023, there were Class A and Class B Partnership units outstanding, which are convertible into Shares of Beneficial Interest of the Trust. Assuming conversion at the beginning of each period, the aggregate weighted-average of these Shares of Beneficial Interest would have been 3,185,793 SEGMENT REPORTING It has been determined that the Trust hotel ownership, Operations, and Management Services are comprised of one reportable segment, Hotel Operations & Hotel Management Services (continuing operations) segment that has ownership interest in two hotel properties with an aggregate of 270 suites in Arizona and New Mexico. The Trust has chosen to focus its hotel investments on the southwest region of the United States. The CODM does not review assets by geographical region; therefore, no income statement or balance sheet information by geographical region is provided. ADVERTISING COSTS Amounts incurred for advertising costs are expensed as incurred. Advertising expense totaled approximately $ 316,000 338,000 CONCENTRATION OF CREDIT RISK Credit risk is the risk of an unexpected loss if a third party to a financial instrument fails to meet its contractual obligations. Financial instruments that potentially subject the Trust to a concentration of credit risk consist primarily of cash and cash equivalents. Management’s assessment of the Trust’s credit risk for cash and cash equivalents is low as cash and cash equivalents are held in financial institutions believed to be credit worthy. The Trust limits its exposure to credit loss by placing its cash with various major financial institutions and invests only in short-term obligations. While the Trust is exposed to credit losses due to the non-performance of its counterparties, the Trust considers the risk of this remote. The Trust estimates its maximum credit risk for accounts receivable at the amount recorded on the balance sheet. FAIR VALUE OF FINANCIAL INSTRUMENTS For disclosure purposes, fair value is determined by using available market information and appropriate valuation methodologies. Fair value is defined as the price that would be received from the sale of an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants in the principal or most advantageous market for the asset or liability. The fair value framework specifies a hierarchy of valuation techniques, which is based on whether the inputs into the valuation technique are observable or unobservable. The fair value hierarchy levels are as follows: ● Level 1 – Valuation techniques in which all significant inputs are unadjusted quoted prices from active markets for assets or liabilities that are identical to the assets or liabilities being measured. ● Level 2 – Valuation techniques in which significant inputs include quoted prices from active markets for assets or liabilities that are similar to the assets or liabilities being measured and / or quoted prices for assets or liabilities that are identical or similar to the assets or liabilities being measured from markets that are not active. Also, model-derived valuations in which all significant inputs and significant value drivers are observable in active markets are level 2 valuation techniques. ● Level 3 – Valuation techniques in which one or more significant inputs or significant value drivers are unobservable. Unobservable inputs are valuation technique inputs that reflect a company’s own judgments about the assumptions that market participants would use in pricing an asset or liability. The Trust has assets that are carried at fair value on a recurring basis, including stock and warrants in a 3 rd Due to their short maturities, the carrying value of cash and cash equivalents, accounts receivable, accounts payable and accrued expenses approximate fair value. The fair value of mortgage notes payable, notes payable to banks and notes and advances payable to related parties is estimated by using the current rates which would be available for similar loans having the same remaining maturities and are based on level 3 inputs.

SALE OF OWNERSHIP INTERESTS IN

SALE OF OWNERSHIP INTERESTS IN ALBUQUERQUE SUBSIDIARY	12 Months Ended
	Jan. 31, 2024
Sale Of Ownership Interests In Albuquerque Subsidiary
SALE OF OWNERSHIP INTERESTS IN ALBUQUERQUE SUBSIDIARY	3. SALE OF OWNERSHIP INTERESTS IN ALBUQUERQUE SUBSIDIARY On July 22, 2010, the Board of Trustees unanimously approved, with Mr. Wirth abstaining, for the Partnership to enter into an agreement with Rare Earth Financial, LLC (“Rare Earth”), an affiliate of Mr. Wirth, to sell units in Albuquerque Suite Hospitality, LLC (the “Albuquerque entity”), which owns and operates the Albuquerque, New Mexico hotel property. Under the agreement, Rare Earth agreed to either purchase or bring in other investors to purchase at least 49 400 10,000 On December 9, 2013, the Trust entered into an updated restructuring agreement with Rare Earth to allow for the sale of additional interest units in the Albuquerque entity for $ 10,000 150 190 50.1 700 The Trust has sold non-controlling interests in certain subsidiaries, including Albuquerque Suite Hospitality, LLC (the “Albuquerque entity”) and Tucson Hospitality Properties, LLLP (the “Tucson entity, which sales are described in detail in our Annual Report on Form 10-K filed on May 1, 2023 with the Securities and Exchange Commissions. Generally, interests have sold for $ 10,000 50.1 700 On February 15, 2017, the Trust and Partnership entered into a restructuring agreement with Rare Earth Financial, LLC (“REF”) to allow for the sale of non-controlling partnership units in Albuquerque Suite Hospitality LLC (“Albuquerque”) for $ 10,000 250 550 600 200 200,000 2 0 As of January 31, 2024, the Trust held a 21.90 132.5 0.17 77.93 471.5

SALE OF OWNERSHIP INTERESTS I_2

SALE OF OWNERSHIP INTERESTS IN TUCSON HOSPITALITY PROPERTIES SUBSIDIARY	12 Months Ended
	Jan. 31, 2024
Sale Of Ownership Interests In Tucson Hospitality Properties Subsidiary
SALE OF OWNERSHIP INTERESTS IN TUCSON HOSPITALITY PROPERTIES SUBSIDIARY	4. SALE OF OWNERSHIP INTERESTS IN TUCSON HOSPITALITY PROPERTIES SUBSIDIARY On February 17, 2011, the Partnership entered into a restructuring agreement with Rare Earth to allow for the sale of non-controlling interest units in Tucson Hospitality Properties, LP (the “Tucson entity”), which operates the Tucson Oracle hotel property, then wholly owned by the Partnership. Under the agreement, Rare Earth agreed to either purchase or bring in other investors to purchase up to 250 41 On October 1, 2013, the Partnership entered into an updated restructured limited partnership agreement with Rare Earth to allow for the sale of additional interest units in the Tucson entity for $ 10,000 160 200 50.1 700 If certain triggering events related to the Tucson entity occur prior to the payment of all accumulated distributions to its members, such accumulated distributions will be paid out of any proceeds of the event before general distribution of the proceeds to the members. In the event that funds generated from a triggering event are insufficient to pay the total amount of all such accumulated distributions owed to the members, all Class A members will participate pro rata in the funds available for distribution to them until paid in full, then Class B, and then Class C. After all investors have received their initial capital plus a 7 50 50 128,000 100 As of January 31, 2024, the Partnership held a 51.62 413.5 0.25 2 48.13 385.5

VARIABLE INTEREST ENTITIES

VARIABLE INTEREST ENTITIES	12 Months Ended
	Jan. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
VARIABLE INTEREST ENTITIES	5. VARIABLE INTEREST ENTITIES Management evaluates the Trust’s explicit and implicit variable interests to determine if they have any interests in variable interest entities (“VIEs”). Variable interests are contractual, ownership, or other pecuniary interests in an entity whose value changes with changes in the fair value of the entity’s net assets, exclusive of variable interests. Explicit variable interests are those which directly absorb the variability of a VIE and can include contractual interests such as loans or guarantees as well as equity investments. An implicit variable interest acts the same as an explicit variable interest except it involves the absorbing of variability indirectly, such as through related party arrangements or implicit guarantees. The analysis includes consideration of the design of the entity, its organizational structure, including decision making ability over the activities that most significantly impact the VIE’s economic performance. GAAP requires a reporting entity to consolidate a VIE when the reporting entity has a variable interest, or combination of variable interest, that provides it with a controlling financial interest in the VIE. The entity that consolidates a VIE is referred to as the primary beneficiary of that VIE. The Partnership has determined that the Albuquerque entity is a variable interest entity with the Partnership as the primary beneficiary with the ability to exercise control, as determined under the guidance of ASC Topic 810-10-25. In its determination, management considered the following qualitative and quantitative factors: a) The Partnership, Trust, and their related parties, which share common ownership and management, have guaranteed material financial obligations of the Albuquerque hotel. b) The Partnership, Trust and their related parties have maintained, as a group, a controlling ownership interest in the Albuquerque hotel, with the largest ownership belonging to the Trust. c) The Partnership, Trust and their related parties have maintained control over the decisions which most impact the financial performance of the Albuquerque hotel, including providing the personnel to operate the property daily. During the Fiscal Years ended January 31, 2024, and January 31, 2023, neither the Trust nor the Partnership have provided any implicit or explicit financial support for which they were not previously contracted, respectively. Both the Partnership and the Trust provided mortgage loan guarantees which allow our properties to obtain new financing as needed, including the refinance of the Tucson Hotel on March 29, 2022. The following table includes assets that can only be used to settle the liabilities of Albuquerque Suites Hospitality LLC (Albuquerque Hotel) and the creditors have no recourse to the Trust. These assets and liabilities, with the exception of the intercompany accounts, which are eliminated upon consolidation with the Trust, are included in the accompanying consolidated balance sheets. SCHEDULE OF VARIABLE INTEREST ENTITIES 2024 2023 January 31, 2024 2023 Assets Cash $ 136,405 $ 60,506 Accounts Receivable 12,650 11,514 Prepaid Expenses and Deposits 9,689 - Employee Retention Credit - - Hotel Properties, Net 995,235 1,017,392 Operating Lease -Right of Use 2,088,693 2,108,418 Total Assets $ 3,242,672 $ 3,197,830 Liabilities Accounts Payable and Accrued Expenses $ 899,921 $ 496,109 Operating Lease Liability (ASC 842) 2,255,341 2,279,655 Mortgage Notes Payable 1,204,481 1,251,356 Total Liabilities $ 4,359,743 $ 4,027,120 Equity (1,117,071 ) (829,290 ) Liabilities & Equity $ 3,242,672 $ 3,197,830

NOTES RECEIVABLE

NOTES RECEIVABLE	12 Months Ended
	Jan. 31, 2024
Notes Receivable
NOTES RECEIVABLE	6. NOTES RECEIVABLE Sale of IBC Hospitality Technologies; IBC Hotels LLC (IBC) On August 15, 2018 InnSuites Hospitality Trust (IHT) entered into a final sale agreement of its technology subsidiary, IBC Hotels LLC (IBC), to an unrelated third-party buyer (Buyer). As a part of the amended sale agreement, the Trust received a secured promissory note adjusted to the principal amount of $ 1,925,000 3.75 ● No interest accrued through May 2023, and no payments on the note receivable including principal and interest based on the previously extended time period are due through May 2023. ● Note is secured by (1) pledge of the Buyer’s interest in IBC, and (2) a security interest in all assets of IBC, provided IHT shall agree to subordinate such equity interest to commercially reasonable debt financing upon request. ● If IBC closes an equity transaction with net proceeds to IBC in excess of $2,500,000, IBC/Buyer shall pay or pre-pay to IHT an amount equal to (a) 50% of the net proceeds received by IBC and (b) 50% of the sum of the unpaid balance of the note and accrued interest accrued but unpaid interest thereon, as the date of receipt of the net proceeds by IBC. ● The note has matured. However, IHT is currently in discussions for a further extension/modification due to the Covid disruption. ● Future payments on this note are shown in the table below. SCHEDULE OF FUTURE PAYMENTS OF DEBT FISCAL YEAR 2025 1,925,000 Total $ 1,925,000 ● Management’s evaluation of the current financial position of the Buyer, based on unaudited financial statements provided. ● Management’s best, conservative valuation of IBC’s assets, and their marketability, in the case of a default by the Buyer. ● The current and future impact of the COVID-19 pandemic, on the travel and hospitality industry, in which IBC’s reservation and booking technology operates. IHT strongly believes the IBC business model is sound and viable. As of January 31, 2024, management evaluated the carrying value of the note determined no further impairment is needed at this time. This is detailed further with ongoing discussions of an extension, which allows time for IBC to benefit from the current rebound in the travel, hospitality services, and hotel industries currently being experienced. IHT has no managerial control nor does IHT have the ability to direct the operations or capital requirements of IBC as of August 1, 2018. IHT has no rights to any benefits or losses from IBC as of August 1, 2018.

CONVERTIBLE NOTE RECEIVABLE, CO

CONVERTIBLE NOTE RECEIVABLE, COMMON STOCK AND WARRANTS IN UNIGEN POWER, INC	12 Months Ended
	Jan. 31, 2024
Convertible Note Receivable Common Stock And Warrants In Unigen Power Inc
CONVERTIBLE NOTE RECEIVABLE, COMMON STOCK AND WARRANTS IN UNIGEN POWER, INC	7. CONVERTIBLE NOTE RECEIVABLE, COMMON STOCK AND WARRANTS IN UNIGEN POWER, INC On December 16, 2019, the Trust entered into a Convertible Debenture Purchase Agreement with UniGen Power Inc. (“UniGen”). The Trust purchased secured convertible debentures (“Debentures”) in the aggregate amount of $ 1,000,000 6 15,000 1,000,000 1.00 UniGen issued the Trust common stock purchase warrants (the “Debenture Warrants”) to purchase up to 1,000,000 1.00 UniGen also issued the Trust additional common stock purchase warrants (“Additional Warrants”) to purchase up to 500,000 2.25 IHT may fund at IHT’s sole discretion a $ 500,000 500,000 1 The total of all stock ownership upon conversion of the note receivable is 1 3 20 On the Trust’s balance sheet, the investment of the $ 1,000,000 700,000 300,000 The value of the warrants issued with the note receivable was based on Black-Scholes pricing model based on the following inputs: SCHEDULE OF WARRANTS VALUATION ASSUMPTIONS Debenture Warrants Type of option Call option Stock price $ 2.25 Exercise (Strike) price $ 1.00 Time to maturity (years) 2.0 Annualized risk-free rate 1.630 % Annualized volatility 27.43 % Additional Warrants Type of option Call option Stock price $ 2.25 Exercise (Strike) price $ 2.25 Time to maturity (years) 3.0 Annualized risk-free rate 1.630 % Annualized volatility 27.43 % If all notes are converted and all available but not outstanding warrants exercised, IHT could hold up to approximately 20 During the year ended January 31, 2023, the Trust reinvested $ 60,000 60,000 60,000 161,250 255,000 161,250 During the Fourth Fiscal Quarter (November 1, 2023 to January 31, 2024), three months ended January 31, 2024, the Trust reinvested $ 15,000 15,000 15,000 As of January 31, 2024, IHT held 540,000 633,750 UniGen Power Inc. (UPI), management reports progress of the UPI efficient clean energy innovation. 1. UniGen has paused engineering to raise additional capital, which is an ongoing process. 2. Due to global travel and economic events, an increasingly unreliable American power grid, increasing demand for electric vehicles, inflation, and supply chain pressures, the UniGen marketing team estimates product’s market has grown, and has increased the MSP planned power plant price. The initial order for thirty units has been reaffirmed. James Wirth (President) and Marc Berg (Executive Vice President) both lack significant control. They have two of the seven Board of Directors seats or 28% and were elected in December 2019 to serve on the board of UNIGEN to closely monitor and assist in the success of this potentially power industry disruptive relatively clean energy generation innovation. The Trust has valued UniGen investment as a level 3 fair value measurement, for the following reasons: The investment does not qualify for level 1 since there are no identical actively traded instruments or level 2 identical or similar unobservable markets.

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	12 Months Ended
	Jan. 31, 2024
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	8. PROPERTY AND EQUIPMENT As of January 31, 2024 and January 31, 2023, hotel properties consisted of the following: HOTEL SEGMENT SCHEDULE OF PROPERTY AND EQUIPMENT January 31, 2024 January 31, 2023 Land $ 2,500,000 $ 2,500,000 Building and improvements 11,094,373 10,762,859 Furniture, fixtures and equipment 4,450,747 4,261,400 Total hotel properties 18,045,120 17,524,259 Less accumulated depreciation (11,028,366 ) (10,358,060 ) Hotel properties, net 7,016,754 7,166,199 As of January 31, 2024 and January 31, 2023, property and equipment consisted of the following: CORPORATE PP&E January 31, 2024 January 31, 2023 Land $ 7,005 $ 7,005 Building and improvements 75,662 75,662 Furniture, fixtures and equipment 392,878 392,878 Total property, plant and equipment 475,545 475,545 Less accumulated depreciation (441,107 ) (432,256 ) Property, Plant and Equipment, net $ 34,438 $ 43,289

PREPAID EXPENSES AND OTHER CURR

PREPAID EXPENSES AND OTHER CURRENT ASSETS	12 Months Ended
	Jan. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
PREPAID EXPENSES AND OTHER CURRENT ASSETS	9. PREPAID EXPENSES AND OTHER CURRENT ASSETS Prepaid expenses and other current assets are carried at historical cost and are expected to be consumed within one year. As of January 31, 2024, and 2023, prepaid expenses and other current assets consisted of the following: SCHEDULE OF PREPAID EXPENSES AND OTHER CURRENT ASSETS January 31, 2024 January 31, 2023 Tax and Insurance Escrow $ 162,290 $ 96,774 Deposits - 7,000 Prepaid Insurance 64,963 32,159 Prepaid Workman’s Compensation 1,799 562 Miscellaneous Prepaid Expenses 81,839 63,934 Total Prepaid Expenses and Current Assets $ 310,891 $ 200,429

ACCOUNTS PAYABLE AND ACCRUED EX

ACCOUNTS PAYABLE AND ACCRUED EXPENSES	12 Months Ended
	Jan. 31, 2024
Payables and Accruals [Abstract]
ACCOUNTS PAYABLE AND ACCRUED EXPENSES	10. ACCOUNTS PAYABLE AND ACCRUED EXPENSES As of January 31, 2024 and 2023, accounts payable and accrued expenses consisted of the following: SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED EXPENSES January 31, 2024 January 31, 2023 Accounts Payable $ 225,384 $ 85,198 Accrued Salaries and Wages 234,099 236,845 Accrued Vacation 10,000 10,000 Income Tax Payable - Accrued Interest Payable - Advanced Deposits 1,500 1,963 Accrued Property Taxes 219,689 192,543 Sales Tax Payable 140,318 234,366 Accrued Other 218,540 229,376 Total Accounts Payable and Accrued Expenses $ 1,049,530 $ 990,291

MORTGAGE NOTES PAYABLE

MORTGAGE NOTES PAYABLE	12 Months Ended
	Jan. 31, 2024
Debt Disclosure [Abstract]
MORTGAGE NOTES PAYABLE	11. MORTGAGE NOTES PAYABLE On January 31, 2023, the Trust had a mortgage note payable outstanding with respect to the Tucson Hotel. The mortgage note payable has a scheduled maturity date in June 2042. Weighted average annual interest rates on mortgage notes payable as of January 31, 2023 was 4.69 On June 29, 2017, Tucson Oracle entered into a $ 5.0 3.045 June 19, 2042 4.99 2.0 4.99 On March 29, 2022 Tucson Hospitality Properties LLLP, 51 8.4 4.5 3.8 4.99 25 8,046,000 8,224,00 97,000 93,000 50,000 On December 2, 2019, Albuquerque Suites Hospitality, LLC entered into a $ 1.4 December 2, 2029 4.90 3.5 4.90 1,204,000 1,251,000 11,000 12,000 9,000 The following table summarizes the Trust’s mortgage notes payable, net of debt discounts, as of January 31, 2024: SCHEDULE OF MORTGAGE NOTES PAYABLE 2024 2023 Mortgage note payable, due in monthly installments of $ 28,493 4.69 8.0 $ 8,046,104 $ 8,223,648 Mortgage note payable, due in monthly installments of $ 9,218 4.90 1.2 1,204,481 1,251,356 Totals: $ 9,250,585 $ 9,475,004 See Note 15 – “Minimum Debt Payments” for scheduled minimum payments on the mortgage notes payable.

NOTES PAYABLE TO BANKS

NOTES PAYABLE TO BANKS	12 Months Ended
	Jan. 31, 2024
Notes Payable To Banks
NOTES PAYABLE TO BANKS	12. 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 December 2024 0 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 October 2024 0 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 October 2024 0

RELATED PARTY NOTES

RELATED PARTY NOTES	12 Months Ended
	Jan. 31, 2024
Related Party Transactions [Abstract]
RELATED PARTY NOTES	13. RELATED PARTY NOTES On December 1, 2014, the Trust entered a Demand/Revolving Line of Credit/Promissory Note with Rare Earth Financial, LLC, an entity which is wholly owned by Mr. Wirth and his family members. The Demand/Revolving Line of Credit/Promissory Note, as amended on June 19, 2017, bears interest at 7.0 2,000,000 0 977,000 0

OTHER NOTES PAYABLE

OTHER NOTES PAYABLE	12 Months Ended
	Jan. 31, 2024
Other Notes Payable
OTHER NOTES PAYABLE	14. OTHER NOTES PAYABLE As of January 31, 2024, the Trust had a $ 200,000 4.5 200,000 On July 1, 2019, the Trust and the Partnership together entered into an unsecured loan totaling $ 270,000 4.5 The loan has been subsequently extended to June 30, 2024 270,000 See Note 15 – “Minimum Debt Payments” for scheduled minimum payments on the debt liabilities.

MINIMUM DEBT PAYMENTS

MINIMUM DEBT PAYMENTS	12 Months Ended
	Jan. 31, 2024
Debt Disclosure [Abstract]
MINIMUM DEBT PAYMENTS	15. MINIMUM DEBT PAYMENTS Scheduled minimum payments of debt, net of debt discounts, as of January 31, 2024 are approximately as follows in the respective Fiscal Years indicated: SCHEDULE OF MINIMUM PAYMENTS OF DEBT FISCAL YEAR MORTGAGES OTHER NOTES PAYABLE NOTES PAYABLE - RELATED PARTY TOTAL 2025 234,169 470,000 - 704,169 2026 247,906 - - 247,906 2027 260,999 - - 260,999 2028 263,125 - - 263,125 2029 274,685 - - 274,685 Thereafter 7,969,701 - 7,969,701 $ 9,250,585 $ 470,000 $ - $ 9,720,585

LEASES

LEASES	12 Months Ended
	Jan. 31, 2024
Leases
LEASES	16. LEASES The Trust has operating leases for its corporate offices in Phoenix, Arizona and land leased in Albuquerque, New Mexico, and a cable equipment finance lease in Tucson, Arizona. The Trust’s corporate office lease is month to month. All leases are non-cancelable. Operating Leases The Trust holds a month to month office lease agreement with Northpoint Properties for a commercial office lease at 1730 E Northern Ave, Suite 122, Phoenix, Arizona 85020. Base monthly rent is $ 4,318 The Trust’s Albuquerque Hotel is subject to non-cancelable ground lease. The Albuquerque Hotel non-cancelable ground lease was extended on January 14, 2014 and expires in 2058. The Trust’s Operating Lease costs recognized in the consolidated statement of operations for the year ended January 31, 2024 consist of the following: SCHEDULE OF LEASE COSTS For the Year Ended January 31, 2024 Operating Lease Costs: Operating lease cost* 128,845 Supplemental cash flow information is as follows: SCHEDULE OF CASH FLOW INFORMATION For the Year Ended January 31, 2024 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ (4,590 ) Lease obligations: Operating leases, net $ 2,255,340 Long-term obligations $ 2,249,072 Weighted average remaining lease terms and discount rates were as follows: SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERMS AND DISCOUNT RATES Weighted average remaining lease term (years) January 31, 2024 Operating leases 33 Weighted average discount rate 4.85 % Operating leases Finance Leases The Company’s Tucson Oracle Hotel is subject to non-cancelable cable lease that expires in 2024 The Trust’s Finance Lease costs recognized in the Consolidated Statement of Income for the Fiscal Year ended January 31, 2024 consist of the following: SCHEDULE OF LEASE COSTS For the Year Ended January 31, 2024 Finance Lease Costs: Amortization of right-of-use assets $ 13,874 Interest on lease obligations 402 Supplemental cash flow information is as follows: SCHEDULE OF CASH FLOW INFORMATION For the Year Ended January 31, 2024 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ (2,065 ) Lease obligations: Finance leases, net $ - Long-term obligations $ - Weighted average remaining lease terms and discount rates were as follows: SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERMS AND DISCOUNT RATES Weighted average remaining lease term (years) January 31, 2024 Finance leases - Weighted average discount rate 4.85 % Finance leases The aggregate future lease payments for Finance Lease Liability as of January 31, 2024 are as follows: SCHEDULE OF FUTURE MINIMUM RENTAL PAYMENTS FOR FINANCE LEASE For the Years Ending January 31, 2025 - Total minimum lease payments $ - Less: amount representing interest - Total present value of minimum payments - Less: current portion $ - Long term portion of finance lease liability - The aggregate annual lease obligations at January 31, 2024 are as follows: SCHEDULE OF ANNUAL LEASE OBLIGATIONS Fiscal Year Operating Leases Finance Leases 2025 $ 134,355 $ - 2026 134,367 - 2027 134,379 - 2028 134,391 - 2029 134,403 - Thereafter 3,992,854 - Total minimum lease payments $ 4,664,749 $ - Less: amount representing interest 2,409,409 - Total present value of minimum payments 2,255,340 -

DESCRIPTION OF BENEFICIAL INTER

DESCRIPTION OF BENEFICIAL INTERESTS	12 Months Ended
	Jan. 31, 2024
Description Of Beneficial Interests
DESCRIPTION OF BENEFICIAL INTERESTS	17. DESCRIPTION OF BENEFICIAL INTERESTS Holders of the Trust’s Shares of Beneficial Interest are entitled to receive dividends when and if declared by the Board of Trustees of the Trust out of funds legally available. The holders of Shares of Beneficial Interest, upon any liquidation, dissolution or winding-down of the Trust, are entitled to share ratably in any assets remaining after payment in full of all liabilities of the Trust. The Shares of Beneficial Interest possess ordinary voting rights, each share entitling the holder thereof to one vote. Holders of Shares of Beneficial Interest do not have cumulative voting rights in the election of Trustees and do not have pre-emptive rights. On January 2, 2001, the Board of Trustees approved a share repurchase program under Rule 10b-18 of the Securities Exchange Act of 1934, as amended, for the purchase of up to 250,000 350,000 300,000 250,000 350,000 750,000 For the years ended January 31, 2024 and 2023, the Trust repurchased 265,087 106,604 1.72 2.69 200,000

FEDERAL INCOME TAXES

FEDERAL INCOME TAXES	12 Months Ended
	Jan. 31, 2024
Income Tax Disclosure [Abstract]
FEDERAL INCOME TAXES	18. FEDERAL INCOME TAXES The Trust and subsidiaries have income tax net operating loss carryforward of approximately $ 6.1 The Trust amended the Federal and State Tax Returns for tax years 2017 and 2018, resulting in a recalculation of the net operating loss carry-forward. The impact of the amended returns are reflected in the below data. Total and net deferred income tax assets at January 31, SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES 2024 2023 Net operating loss carryforwards $ 2,113,926 $ 1,432,100 Bad debt allowance - - Accrued expenses (2,622 ) (1,000 ) Syndications 2,923,000 2,923,000 Prepaid insurance 64,963 32,159 Alternative minimum tax credit 51,000 51,000 Total deferred tax asset 5,150,267 4,437,259 Deferred income tax liability associated with book/tax (1,848,478 ) (1,877,544 ) Net deferred income tax asset 3,301,790 2,559,715 Valuation Allowance (3,301,790 ) (2,559,715 ) Net deferred income tax - - Income taxes for the year ended January 31, SCHEDULE OF INCOME TAX PROVISION 2024 2023 Current income tax provision (benefit) (100 ) (93,497 ) Deferred income tax provision (benefit) (213,744 ) 165,631 Change in valuation allowance 213,744 (165,631 ) Net income tax expense (benefit) (100 ) (93,497 ) The differences between the statutory and effective tax rates are as follows for the year ended January 31, SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION Amount Percent 2024 Amount Percent Federal statutory rates $ (236,478 ) 21 % State income taxes (58,727 ) 5 % Change in valuation allowance (213,700 ) 19 % True-up in prior year returns - 0 % Effective Rate - 45 % The differences between the statutory and effective tax rates are as follows for the year ended January 31, Amount Percent 2023 Amount Percent Federal statutory rates $ 159,518 21 % State income taxes (39,615 ) 5 % Change in valuation allowance 165,600 - 22 % True-up in prior year returns - 0 % Effective Rate - 4 % The Trust is taxed as a C-Corporation. The Trust’s practice is to recognize interest and/or penalties related to income tax matters in income tax expense. The Trust has received various IRS and state tax jurisdiction notices which the Trust in the process of responding to in which management believes the notices are without merit and expect full remediation of all tax notices. The Trust and subsidiaries have total deferred tax assets of approximately $ 5.2 2.1 2.9 1.8 3.3

OTHER RELATED PARTY TRANSACTION

OTHER RELATED PARTY TRANSACTIONS	12 Months Ended
	Jan. 31, 2024
Other Related Party Transactions
OTHER RELATED PARTY TRANSACTIONS	19. OTHER RELATED PARTY TRANSACTIONS As of January 31, 2024 and January 31, 2023, Mr. Wirth and his affiliates held 2,974,038 22.51 6,250,296 6,228,296 71.09 69.12 As of January 31, 2024 and January 31, 2023, the Trust owned 75.89 51.62 21.90 The Trust directly manages the Hotels through the Trust’s majority-owned subsidiary, RRF Limited Partnership. Under the management agreements, RRF manages the daily operations of both Trust Hotels. All Trust managed Hotel expenses, revenues and reimbursements among the Trust, and the Partnership have been eliminated in consolidation. The management fees for the Hotels are 5 2,000 During the Fiscal Years ended January 31, 2024 and 2023, the Trust paid Berg Investment Advisors $ 6,000 6,000 The Trust employs part time, an immediate family member of Mr. Wirth, Brian James Wirth, who provides part time IT Technology support services to the Trust, receiving approximately $ 37,000

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	12 Months Ended
	Jan. 31, 2024
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	20. FAIR VALUE OF FINANCIAL INSTRUMENTS The following table presents the estimated fair values of the Trust’s debt instruments, based on rates currently available to the Trust for bank loans with similar terms and average maturities, and the associated carrying value recognized in the consolidated balance sheets at January 31, 2024 and 2023: SCHEDULE OF FAIR VALUE LIABILITIES MEASURED ON RECURRING BASIS 2024 2023 Carrying Amount Fair Value Carrying Amount Fair Value Mortgage Notes Payable $ 9,250,585 $ 2,833,263 $ 9,584,449 $ 3,408,024 Other Notes Payable $ 470,000 $ 470,000 $ 570,000 $ 570,000 Notes Payable - Related Party $ - $ - $ - $ -

SUPPLEMENTAL CASH FLOW DISCLOSU

SUPPLEMENTAL CASH FLOW DISCLOSURES	12 Months Ended
	Jan. 31, 2024
Supplemental Cash Flow Elements [Abstract]
SUPPLEMENTAL CASH FLOW DISCLOSURES	21. SUPPLEMENTAL CASH FLOW DISCLOSURES SCHEDULE OF SUPPLEMENTAL CASH FLOWS DISCLOSURES 2024 2023 Cash Paid for Interest $ 479,000 $ 465,000 Notes Payable $ 21,000 $ 46,000

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Jan. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	22. COMMITMENTS AND CONTINGENCIES Restricted Cash: The Trust is obligated under a loan agreement relating to the Tucson Oracle property to deposit 4 0 Membership Agreements: The Tucson and Albuquerque Hotels have entered into membership agreements with Best Western International, Inc. (“Best Western”) for both hotel properties. In exchange for use of the Best Western name, trademark and reservation system, all Hotels pay fees to Best Western based on reservations received through the use of the Best Western reservation system and the number of available suites at the Hotels. The agreements with Best Western have no specific expiration terms and may be cancelled annually by either party. Best Western requires that the hotels meet certain requirements for room quality. The two Best Western Hotels receive significant reservations through the Best Western reservation system, and through Online Travel Agent (OTA) reservations systems, 201,000 173,000 Litigation: The Trust and/or its hotel affiliates, are involved from time to time in various other claims and legal actions arising in the ordinary course of business. In the opinion of management, the ultimate disposition of these matters will not have a material adverse effect on the Trust’s unaudited condensed consolidated financial position, results of operations or liquidity. The nature of the operations of the Hotels exposes them to risks of claims and litigation in the normal course of their business. Although the outcome of these matters cannot be determined and is covered by insurance, management does not expect that the ultimate resolution of these matters will have a material adverse effect on the unaudited condensed consolidated financial position, results of operations or liquidity of the Trust. Indemnification: The Trust has entered into indemnification agreements with all our executive officers and Trustees. The agreements provide for indemnification against all liabilities and expenses reasonably incurred by an officer or Trustee in connection with the defense or disposition of any suit or other proceeding, in which he or she may be involved or with which he or she may be threatened, while in office or thereafter, because of his or her position at the Trust. There is no indemnification for any matter as to which an officer or Trustee is adjudicated to have acted in bad faith, with willful misconduct or reckless disregard of his or her duties, with gross negligence, or not in good faith in the reasonable belief that his or her action was in the Trust’s best interests. These agreements require the Trust, among other things, to indemnify the Trustee or officer against specified expenses and liabilities, such as attorneys’ fees, judgments, fines and settlements, paid by the individual in connection with any action, suit or proceeding arising out of the individual’s status or service as our Trustee or officer, other than liabilities arising from willful misconduct or conduct that is knowingly fraudulent or deliberately dishonest, and to advance expenses incurred by the individual in connection with any proceeding against the individual with respect to which the individual may be entitled to indemnification by us. The Trust may advance payments in connection with indemnification under the agreements. The level of indemnification is to the full extent of the net equity based on appraised and/or market value of the Trust. Historically, the Trust has not incurred any payments for these obligations and, therefore, no liabilities have been recorded for these indemnities in the accompanying consolidated balance sheets.

SHARE-BASED PAYMENTS

SHARE-BASED PAYMENTS	12 Months Ended
	Jan. 31, 2024
Equity [Abstract]
SHARE-BASED PAYMENTS	23. SHARE-BASED PAYMENTS The Trust compensates its three non-employee Trustees for their services through grants of restricted Shares. The aggregate grant date fair value of these Shares was $ 10,800 27,000 9,000 On May 15, 2023, the Trust’s Board of Trustees approved a grant to issue Officers, Trustees, and Key Employees totaling 46,000 55,200 In addition, 1,000 2,000 3,000 See Note 2 – “Summary of Significant Accounting Policies” for information related to grants of restricted shares under “Stock-Based Compensation.”

COVID-19 DISCLOSURE

COVID-19 DISCLOSURE	12 Months Ended
	Jan. 31, 2024
Unusual or Infrequent Items, or Both [Abstract]
COVID-19 DISCLOSURE	24. COVID-19 DISCLOSURE COVID-19 had a material detrimental impact on our business, financial results and liquidity, in Fiscal Year 2021, ended January 31, 2021. Its consequences had dramatically reduced travel and demand for hotel rooms, in Fiscal Year 2021. We believe that lodging demand and revenue level have now significantly recovered. Fiscal Year 2024, starting February 1, 2023 and ending January 31, 2024, confirmed a significant strong rebound and encouraging progress. The start of Fiscal Year 2025, starting February 1, 2024 and ending January 31, 2025, has shown no ill effects from the pandemic whatsoever. COVID-19 and its consequences previously reduced travel and demand for hotel rooms, which previously had an impact our business, operations, and financial results. We believe that lodging demand and revenue level is now at full recovery. The extent to which COVID-19 currently impacts our business, operations, and financial results, including the duration and magnitude of such effects, is diminished. The negative impact COVID-19 had on global and regional economies and economic activity, including the duration and magnitude of its impact on consumer discretionary spending has been reduced significantly, and its short and longer-term impact on the demand for travel, transient and group business, and levels of consumer confidence is no longer considered a major factor for Fiscal Year 2025, (February 1, 2024 to January 31, 2025).

EMPLOYEE RETENTION TAX CREDIT

EMPLOYEE RETENTION TAX CREDIT	12 Months Ended
	Jan. 31, 2024
Employee Retention Tax Credit
EMPLOYEE RETENTION TAX CREDIT	25. EMPLOYEE RETENTION TAX CREDIT The Trust is participating in Economic Relief through a Credit allowed for Entities that suffered financial hardship during the Covid-19 Pandemic, under the CARES (The Coronavirus Aid, Relief, and Economic Security) Act (2020), and The Consolidated Appropriations Act (2021). Both provided fast and direct economic assistance for American workers, families, small businesses, and industries, by the U.S. Department of the Treasury along with Congress. This Credit was available for all Entities impacted by the Virus and who paid Employment Taxes, while trying to remain solvent and viable. It is a fully refundable tax credit for Eligible Employers that paid employees to carry on a trade or business that was partially or fully suspended during any calendar year 2020; or that experienced significant decline in gross receipts during any calendar quarter in 2020, due to COVID-19. As a result of both legislative acts, the Trust has and is expected to be receiving a net of approximately $ 2.8 the Trust placed an amount equal to approximately 12% per Fiscal Quarter of this total as a Tax Credit Receivable and Tax Refund on the Balance Sheet and Income statement, respectively, for the Fiscal Years ended January 31, 2024 and 2023, respectively. 2.25 475,000

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Jan. 31, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	26. SUBSEQUENT EVENTS The Trust intends to maintain its current conservative dividend policy. The Trust currently is, and has, been paying two semi-annual dividends each Fiscal Year totaling $ 0.02 0.01 0.01 The Trust’s Management received communication from the NYSE-American on August 29, 2022, indicating IHT is fully compliant with all of the Continued Listing Standards Equity Requirements set forth in Part 10 of the NYSE American Company Guide, of the NYSE-American. Subsequent to the Fiscal Year ended January 31, 2024 the Trust repurchased 12,190 18,216 Hotel Operation results of the Albuquerque Hotel and the Tucson Hotel both achieved record results for the Fiscal Year ended January 31, 2024. Increased record results are expected for the two hotels, during the Fiscal Year 2025, ending January 31, 2025. IHT reported a strong annual improvement of results in Fiscal Year 2024, (February 1, 2023, to January 31, 2024), with Net Income Attributable to Controlling Interests of $ 203,880 0.02 7.5 5 7.1 956,333 1.5

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Jan. 31, 2024
Accounting Policies [Abstract]
USE OF ESTIMATES	USE OF ESTIMATES The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the audited condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Trust’s operations are affected by numerous factors, including the economy, inflation, virus/pandemic, competition in the hotel industry and the effect of the economy on the travel and hospitality industries. The Trust cannot predict if any of the above items will have a significant impact in the future, nor can it predict what impact, if any, the occurrence of these or other events might have on the Trust’s operations and cash flows. Significant estimates and assumptions made by management include, but are not limited to, the estimated useful lives of long-lived assets and recoverability of long-lived assets and the fair values of the long-lived assets.
PROPERTY AND EQUIPMENT	PROPERTY AND EQUIPMENT Furniture, fixtures, building and improvements and hotel properties are stated at cost, except for land, and depreciated using the straight-line method over estimated lives ranging up to 40 3 10 Land is an indefinite-lived asset. The Trust tests its land for impairment annually, or whenever events or changes in circumstances indicate an impairment may have occurred, by comparing its carrying value to its implied fair value. For tax purposes the Trust takes advantage of accelerated depreciation methods (MACRS) for new capital additions and improvements to its Hotels. Management applies guidance ASC 360-10-35, to determine when it is required to test an asset for recoverability of its carrying value and whether, or not, an impairment exists. Under ASC 360-10-35, the Trust is required to test a long-lived asset for impairment when there is an indicator of impairment. Impairment indicators may include, but are not limited to, a drop in the performance of a long-lived asset, a decline in the hospitality industry or a decline in the economy. If an indicator of potential impairment is present, then an assessment is performed of whether the carrying amount of an asset exceeds its estimated undiscounted future cash flows over its estimated remaining life. If the estimated undiscounted future cash flows over the asset’s estimated remaining life are greater than the asset’s carrying value, no impairment is recognized; however, if the carrying value of the asset exceeds the estimated undiscounted future cash flows, then the Trust would recognize an impairment expense to the extent the asset’s carrying value exceeds its fair value, if any. The estimated future cash flows are based upon, among other things, assumptions about expected future operating performance, and may differ from actual cash flows. Long-lived assets evaluated for impairment are analyzed on a property-specific basis independent of the cash flows of other groups of assets. Evaluation of future cash flows is based on historical experience and other factors, including certain economic conditions, and committed future bookings. Management has determined no impairment for the Fiscal Years ended January 31, 2024, and January 31, 2023, respectively.
CASH	CASH The Trust believes it places its cash only with high credit quality financial institutions, although these balances periodically exceed federally insured limits.
COST METHOD INVESTMENT IN PRIVATE COMPANY STOCK	COST METHOD INVESTMENT IN PRIVATE COMPANY STOCK Investment in private company stock consists of equity securities recorded at fair value. Fair value is defined as the price that would be received to sell an asset in an orderly transaction between market participants at the measurement date. We analyze our marketable securities in accordance with Accounting Standard Codification 321 (“ASC 321”). Valuations for private company stock are based on quoted prices for identical assets in active markets. Where marketable securities were found not be part of an actively traded market, we made a measurement alternative election and estimate the fair value at cost of the investment minus impairment. During the Fiscal Year ended January 31, 2024, 45,000 45,000 45,000 540,000 633,750
REVENUE RECOGNITION	REVENUE RECOGNITION Hotel and Operations Revenues are primarily derived from the sources below and are recognized as services are rendered and when collectability is reasonably assured. Amounts received in advance of revenue recognition are considered deferred liabilities and are generally not significant. Revenues primarily currently consist of room rentals, food and beverage sales, management and trademark fees and other miscellaneous revenues from our properties. Revenues are recorded when rooms are occupied and when food and beverage sales are delivered. Management and trademark fees include a monthly accounting fee and a percentage of hotel room revenues for managing the daily operations of the Hotels. Each room night consumed by a guest with a cancelable reservation represents a contract whereby the Trust has a performance obligation to provide the room night at an agreed upon price. For cancellable reservations, the Trust recognizes revenue as each performance obligation (i.e., each room night) is met. Such contract is renewed if the guest continues their stay. For room nights consumed by a guest with a non-cancellable reservation, the entire reservation period represents the contract term whereby the Trust has a performance obligation to provide the room night or nights at an agreed upon price. For non-cancellable reservations, the Trust recognizes revenue over the term of the performance period (i.e., the reservation period) as room nights are consumed. For these reservations, the room rate is typically fixed over the reservation period. The Trust uses an output method based on performance completed to date (i.e., room nights consumed) to determine the amount of revenue it recognizes on a daily basis if the length of a non-cancellable reservation exceeds one night since consumption of room nights indicates when services are transferred to the guest. In certain instances, variable consideration may exist with respect to the transaction price, such as discounts, coupons and price concessions made upon guest checkout. In evaluating its performance obligation, the Trust bundles the obligation to provide the guest the room itself with other obligations (such as free Wi-Fi, complimentary breakfast, and high speed internet), as the other obligations are not distinct and separable because the guest cannot benefit from the additional amenities without the consumed room night. The Trust’s obligation to provide the additional items or services is not separately identifiable from the fundamental contractual obligation (i.e., providing the room and its contents). The Trust has no performance obligations once a guest’s stay is complete. We are required to collect certain taxes and fees from customers on behalf of government agencies and remit these back to the applicable governmental agencies on a periodic basis. We have a legal obligation to act as a collection agent. We do not retain these taxes and fees and, therefore, they are not included in revenues. We record a liability when the amounts are collected and relieve the liability when payments are made to the applicable taxing authority or other appropriate governmental agency.
ACCOUNTS RECEIVABLES AND ALLOWANCE FOR DOUBTFUL ACCOUNTS	ACCOUNTS RECEIVABLES AND ALLOWANCE FOR DOUBTFUL ACCOUNTS Accounts receivable are derived from guest stays and other reservations at the Hotels. Accounts receivable are carried at original amounts billed less an estimate made for doubtful accounts based on a review of outstanding amounts on a quarterly basis. Management generally records an allowance for doubtful accounts for 50 100 0
LEASE ACCOUNTING	LEASE ACCOUNTING The Trust determines, at the inception of a contract, if the arrangement is a lease and whether it meets the classification criteria for a finance or operating lease. Right of Use (ROU), assets represent the Trust’s right to use an underlying asset during the lease term and lease liabilities represent the Trust’s obligation to make lease payments arising from the lease. ROU assets and lease liabilities are recognized at commencement date based on the present value of fixed lease payments over the lease term. ROU assets also include any advance lease payments and exclude lease incentives. As most of the Trust’s operating leases do not provide an implicit rate, the Trust uses its incremental borrowing rate based on information available at commencement date in determining the present value of lease payments. Finance lease agreements generally include an interest rate that is used to determine the present value of future lease payments. Operating fixed lease expense and finance lease depreciation expense are recognized on a straight-line basis over the lease term (see Note 16).
TRUSTEE STOCK-BASED COMPENSATION	TRUSTEE STOCK-BASED COMPENSATION The Trust has an employee equity incentive plan, which is described more fully in Note 15 - “Share-Based Payments.” The three independent members of the Board of Trustees each earn 6,000 In addition, 3,000 2,000 The following table summarizes restricted share activity during Fiscal Years 2023 and 2024. SUMMARIZES OF RESTRICTED SHARE ACTIVITY Restricted Shares Shares Price on Date of Grant Balance at January 31, 2022 - - Granted 38,000 $ 2.08 Vested (25,333 ) $ 2.08 Forfeited - Balance of unvested awards at January 31, 2023 12,667 Granted 46,000 $ 1.20 Vested (58,667 ) $ 1.20 Balance of unvested awards at January 31, 2024 -
TREASURY STOCK	TREASURY STOCK Treasury stock is carried at cost, including any brokerage commissions paid to repurchase the shares. Any shares issued from treasury stock are removed at cost, with the difference between cost and fair value at the time of issuance recorded against Shares of Beneficial Interest. InnSuites Hospitality Trust continues its Company Stock Buyback Plan allowed within the NYSE American limitations.
INCOME TAXES	INCOME TAXES The Trust is subject to federal and state corporate income taxes, and accounts for deferred taxes utilizing an asset and liability method whereby deferred tax assets are recognized for deductible temporary differences and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when it is determined to be more likely than not that some portion, or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment (see Note 18).
DIVIDENDS AND DISTRIBUTIONS	DIVIDENDS AND DISTRIBUTIONS In Fiscal Years 2024 and 2023, the Trust paid a semi-annual dividend of $ 0.01 0.02 180,120 182,785
NET INCOME PER SHARE	NET INCOME PER SHARE Basic and diluted net income per Share of Beneficial Interest is computed based on the weighted-average number of Shares of Beneficial Interest and potentially dilutive securities outstanding during the period. Dilutive securities are limited to the Class A and Class B units of the Partnership, which are convertible into 3,174,041 For the Fiscal Years ended January 31, 2024 and 2023, there were Class A and Class B Partnership units outstanding, which are convertible into Shares of Beneficial Interest of the Trust. Assuming conversion at the beginning of each period, the aggregate weighted-average of these Shares of Beneficial Interest would have been 3,185,793
SEGMENT REPORTING	SEGMENT REPORTING It has been determined that the Trust hotel ownership, Operations, and Management Services are comprised of one reportable segment, Hotel Operations & Hotel Management Services (continuing operations) segment that has ownership interest in two hotel properties with an aggregate of 270 suites in Arizona and New Mexico. The Trust has chosen to focus its hotel investments on the southwest region of the United States. The CODM does not review assets by geographical region; therefore, no income statement or balance sheet information by geographical region is provided.
ADVERTISING COSTS	ADVERTISING COSTS Amounts incurred for advertising costs are expensed as incurred. Advertising expense totaled approximately $ 316,000 338,000
CONCENTRATION OF CREDIT RISK	CONCENTRATION OF CREDIT RISK Credit risk is the risk of an unexpected loss if a third party to a financial instrument fails to meet its contractual obligations. Financial instruments that potentially subject the Trust to a concentration of credit risk consist primarily of cash and cash equivalents. Management’s assessment of the Trust’s credit risk for cash and cash equivalents is low as cash and cash equivalents are held in financial institutions believed to be credit worthy. The Trust limits its exposure to credit loss by placing its cash with various major financial institutions and invests only in short-term obligations. While the Trust is exposed to credit losses due to the non-performance of its counterparties, the Trust considers the risk of this remote. The Trust estimates its maximum credit risk for accounts receivable at the amount recorded on the balance sheet.
FAIR VALUE OF FINANCIAL INSTRUMENTS	FAIR VALUE OF FINANCIAL INSTRUMENTS For disclosure purposes, fair value is determined by using available market information and appropriate valuation methodologies. Fair value is defined as the price that would be received from the sale of an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants in the principal or most advantageous market for the asset or liability. The fair value framework specifies a hierarchy of valuation techniques, which is based on whether the inputs into the valuation technique are observable or unobservable. The fair value hierarchy levels are as follows: ● Level 1 – Valuation techniques in which all significant inputs are unadjusted quoted prices from active markets for assets or liabilities that are identical to the assets or liabilities being measured. ● Level 2 – Valuation techniques in which significant inputs include quoted prices from active markets for assets or liabilities that are similar to the assets or liabilities being measured and / or quoted prices for assets or liabilities that are identical or similar to the assets or liabilities being measured from markets that are not active. Also, model-derived valuations in which all significant inputs and significant value drivers are observable in active markets are level 2 valuation techniques. ● Level 3 – Valuation techniques in which one or more significant inputs or significant value drivers are unobservable. Unobservable inputs are valuation technique inputs that reflect a company’s own judgments about the assumptions that market participants would use in pricing an asset or liability. The Trust has assets that are carried at fair value on a recurring basis, including stock and warrants in a 3 rd Due to their short maturities, the carrying value of cash and cash equivalents, accounts receivable, accounts payable and accrued expenses approximate fair value. The fair value of mortgage notes payable, notes payable to banks and notes and advances payable to related parties is estimated by using the current rates which would be available for similar loans having the same remaining maturities and are based on level 3 inputs.

NATURE OF OPERATIONS AND BASI_2

NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Tables)	12 Months Ended
	Jan. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
SCHEDULE OF ENTITY OWNERSHIP PERCENTAGE	SCHEDULE OF ENTITY OWNERSHIP PERCENTAGE IHT OWNERSHIP % ENTITY DIRECT INDIRECT (i) Albuquerque Suite Hospitality, LLC 21.90 % - Tucson Hospitality Properties, LLLP - 51.62 % RRF Limited Partnership 75.89 % - (i) Indirect ownership is through the Partnership

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Jan. 31, 2024
Accounting Policies [Abstract]
SUMMARIZES OF RESTRICTED SHARE ACTIVITY	The following table summarizes restricted share activity during Fiscal Years 2023 and 2024. SUMMARIZES OF RESTRICTED SHARE ACTIVITY Restricted Shares Shares Price on Date of Grant Balance at January 31, 2022 - - Granted 38,000 $ 2.08 Vested (25,333 ) $ 2.08 Forfeited - Balance of unvested awards at January 31, 2023 12,667 Granted 46,000 $ 1.20 Vested (58,667 ) $ 1.20 Balance of unvested awards at January 31, 2024 -

VARIABLE INTEREST ENTITIES (Tab

VARIABLE INTEREST ENTITIES (Tables)	12 Months Ended
	Jan. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
SCHEDULE OF VARIABLE INTEREST ENTITIES	SCHEDULE OF VARIABLE INTEREST ENTITIES 2024 2023 January 31, 2024 2023 Assets Cash $ 136,405 $ 60,506 Accounts Receivable 12,650 11,514 Prepaid Expenses and Deposits 9,689 - Employee Retention Credit - - Hotel Properties, Net 995,235 1,017,392 Operating Lease -Right of Use 2,088,693 2,108,418 Total Assets $ 3,242,672 $ 3,197,830 Liabilities Accounts Payable and Accrued Expenses $ 899,921 $ 496,109 Operating Lease Liability (ASC 842) 2,255,341 2,279,655 Mortgage Notes Payable 1,204,481 1,251,356 Total Liabilities $ 4,359,743 $ 4,027,120 Equity (1,117,071 ) (829,290 ) Liabilities & Equity $ 3,242,672 $ 3,197,830

NOTES RECEIVABLE (Tables)

NOTES RECEIVABLE (Tables)	12 Months Ended
	Jan. 31, 2024
Notes Receivable
SCHEDULE OF FUTURE PAYMENTS OF DEBT	SCHEDULE OF FUTURE PAYMENTS OF DEBT FISCAL YEAR 2025 1,925,000 Total $ 1,925,000

CONVERTIBLE NOTE RECEIVABLE, _2

CONVERTIBLE NOTE RECEIVABLE, COMMON STOCK AND WARRANTS IN UNIGEN POWER, INC (Tables)	12 Months Ended
	Jan. 31, 2024
Convertible Note Receivable Common Stock And Warrants In Unigen Power Inc
SCHEDULE OF WARRANTS VALUATION ASSUMPTIONS	The value of the warrants issued with the note receivable was based on Black-Scholes pricing model based on the following inputs: SCHEDULE OF WARRANTS VALUATION ASSUMPTIONS Debenture Warrants Type of option Call option Stock price $ 2.25 Exercise (Strike) price $ 1.00 Time to maturity (years) 2.0 Annualized risk-free rate 1.630 % Annualized volatility 27.43 % Additional Warrants Type of option Call option Stock price $ 2.25 Exercise (Strike) price $ 2.25 Time to maturity (years) 3.0 Annualized risk-free rate 1.630 % Annualized volatility 27.43 %

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	12 Months Ended
	Jan. 31, 2024
Property, Plant and Equipment [Abstract]
SCHEDULE OF PROPERTY AND EQUIPMENT	As of January 31, 2024 and January 31, 2023, hotel properties consisted of the following: HOTEL SEGMENT SCHEDULE OF PROPERTY AND EQUIPMENT January 31, 2024 January 31, 2023 Land $ 2,500,000 $ 2,500,000 Building and improvements 11,094,373 10,762,859 Furniture, fixtures and equipment 4,450,747 4,261,400 Total hotel properties 18,045,120 17,524,259 Less accumulated depreciation (11,028,366 ) (10,358,060 ) Hotel properties, net 7,016,754 7,166,199 As of January 31, 2024 and January 31, 2023, property and equipment consisted of the following: CORPORATE PP&E January 31, 2024 January 31, 2023 Land $ 7,005 $ 7,005 Building and improvements 75,662 75,662 Furniture, fixtures and equipment 392,878 392,878 Total property, plant and equipment 475,545 475,545 Less accumulated depreciation (441,107 ) (432,256 ) Property, Plant and Equipment, net $ 34,438 $ 43,289

PREPAID EXPENSES AND OTHER CU_2

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Tables)	12 Months Ended
	Jan. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
SCHEDULE OF PREPAID EXPENSES AND OTHER CURRENT ASSETS	Prepaid expenses and other current assets are carried at historical cost and are expected to be consumed within one year. As of January 31, 2024, and 2023, prepaid expenses and other current assets consisted of the following: SCHEDULE OF PREPAID EXPENSES AND OTHER CURRENT ASSETS January 31, 2024 January 31, 2023 Tax and Insurance Escrow $ 162,290 $ 96,774 Deposits - 7,000 Prepaid Insurance 64,963 32,159 Prepaid Workman’s Compensation 1,799 562 Miscellaneous Prepaid Expenses 81,839 63,934 Total Prepaid Expenses and Current Assets $ 310,891 $ 200,429

ACCOUNTS PAYABLE AND ACCRUED _2

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)	12 Months Ended
	Jan. 31, 2024
Payables and Accruals [Abstract]
SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED EXPENSES	As of January 31, 2024 and 2023, accounts payable and accrued expenses consisted of the following: SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED EXPENSES January 31, 2024 January 31, 2023 Accounts Payable $ 225,384 $ 85,198 Accrued Salaries and Wages 234,099 236,845 Accrued Vacation 10,000 10,000 Income Tax Payable - Accrued Interest Payable - Advanced Deposits 1,500 1,963 Accrued Property Taxes 219,689 192,543 Sales Tax Payable 140,318 234,366 Accrued Other 218,540 229,376 Total Accounts Payable and Accrued Expenses $ 1,049,530 $ 990,291

MORTGAGE NOTES PAYABLE (Tables)

MORTGAGE NOTES PAYABLE (Tables)	12 Months Ended
	Jan. 31, 2024
Debt Disclosure [Abstract]
SCHEDULE OF MORTGAGE NOTES PAYABLE	The following table summarizes the Trust’s mortgage notes payable, net of debt discounts, as of January 31, 2024: SCHEDULE OF MORTGAGE NOTES PAYABLE 2024 2023 Mortgage note payable, due in monthly installments of $ 28,493 4.69 8.0 $ 8,046,104 $ 8,223,648 Mortgage note payable, due in monthly installments of $ 9,218 4.90 1.2 1,204,481 1,251,356 Totals: $ 9,250,585 $ 9,475,004

MINIMUM DEBT PAYMENTS (Tables)

MINIMUM DEBT PAYMENTS (Tables)	12 Months Ended
	Jan. 31, 2024
Debt Disclosure [Abstract]
SCHEDULE OF MINIMUM PAYMENTS OF DEBT	Scheduled minimum payments of debt, net of debt discounts, as of January 31, 2024 are approximately as follows in the respective Fiscal Years indicated: SCHEDULE OF MINIMUM PAYMENTS OF DEBT FISCAL YEAR MORTGAGES OTHER NOTES PAYABLE NOTES PAYABLE - RELATED PARTY TOTAL 2025 234,169 470,000 - 704,169 2026 247,906 - - 247,906 2027 260,999 - - 260,999 2028 263,125 - - 263,125 2029 274,685 - - 274,685 Thereafter 7,969,701 - 7,969,701 $ 9,250,585 $ 470,000 $ - $ 9,720,585

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Jan. 31, 2024
Lessee, Lease, Description [Line Items]
SCHEDULE OF LEASE COSTS	The Trust’s Operating Lease costs recognized in the consolidated statement of operations for the year ended January 31, 2024 consist of the following: SCHEDULE OF LEASE COSTS For the Year Ended January 31, 2024 Operating Lease Costs: Operating lease cost* 128,845
SCHEDULE OF CASH FLOW INFORMATION	Supplemental cash flow information is as follows: SCHEDULE OF CASH FLOW INFORMATION For the Year Ended January 31, 2024 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ (4,590 ) Lease obligations: Operating leases, net $ 2,255,340 Long-term obligations $ 2,249,072
SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERMS AND DISCOUNT RATES	Weighted average remaining lease terms and discount rates were as follows: SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERMS AND DISCOUNT RATES Weighted average remaining lease term (years) January 31, 2024 Finance leases - Weighted average discount rate 4.85 % Finance leases
SCHEDULE OF ANNUAL LEASE OBLIGATIONS	The aggregate annual lease obligations at January 31, 2024 are as follows: SCHEDULE OF ANNUAL LEASE OBLIGATIONS Fiscal Year Operating Leases Finance Leases 2025 $ 134,355 $ - 2026 134,367 - 2027 134,379 - 2028 134,391 - 2029 134,403 - Thereafter 3,992,854 - Total minimum lease payments $ 4,664,749 $ - Less: amount representing interest 2,409,409 - Total present value of minimum payments 2,255,340 -
Finance Leases [Member]
Lessee, Lease, Description [Line Items]
SCHEDULE OF LEASE COSTS	The Trust’s Finance Lease costs recognized in the Consolidated Statement of Income for the Fiscal Year ended January 31, 2024 consist of the following: SCHEDULE OF LEASE COSTS For the Year Ended January 31, 2024 Finance Lease Costs: Amortization of right-of-use assets $ 13,874 Interest on lease obligations 402
SCHEDULE OF CASH FLOW INFORMATION	Supplemental cash flow information is as follows: SCHEDULE OF CASH FLOW INFORMATION For the Year Ended January 31, 2024 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ (2,065 ) Lease obligations: Finance leases, net $ - Long-term obligations $ -
SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERMS AND DISCOUNT RATES	Weighted average remaining lease terms and discount rates were as follows: SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERMS AND DISCOUNT RATES Weighted average remaining lease term (years) January 31, 2024 Operating leases 33 Weighted average discount rate 4.85 % Operating leases
SCHEDULE OF FUTURE MINIMUM RENTAL PAYMENTS FOR FINANCE LEASE	The aggregate future lease payments for Finance Lease Liability as of January 31, 2024 are as follows: SCHEDULE OF FUTURE MINIMUM RENTAL PAYMENTS FOR FINANCE LEASE For the Years Ending January 31, 2025 - Total minimum lease payments $ - Less: amount representing interest - Total present value of minimum payments - Less: current portion $ - Long term portion of finance lease liability -

FEDERAL INCOME TAXES (Tables)

FEDERAL INCOME TAXES (Tables)	12 Months Ended
	Jan. 31, 2024
Income Tax Disclosure [Abstract]
SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES	Total and net deferred income tax assets at January 31, SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES 2024 2023 Net operating loss carryforwards $ 2,113,926 $ 1,432,100 Bad debt allowance - - Accrued expenses (2,622 ) (1,000 ) Syndications 2,923,000 2,923,000 Prepaid insurance 64,963 32,159 Alternative minimum tax credit 51,000 51,000 Total deferred tax asset 5,150,267 4,437,259 Deferred income tax liability associated with book/tax (1,848,478 ) (1,877,544 ) Net deferred income tax asset 3,301,790 2,559,715 Valuation Allowance (3,301,790 ) (2,559,715 ) Net deferred income tax - -
SCHEDULE OF INCOME TAX PROVISION	Income taxes for the year ended January 31, SCHEDULE OF INCOME TAX PROVISION 2024 2023 Current income tax provision (benefit) (100 ) (93,497 ) Deferred income tax provision (benefit) (213,744 ) 165,631 Change in valuation allowance 213,744 (165,631 ) Net income tax expense (benefit) (100 ) (93,497 )
SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION	The differences between the statutory and effective tax rates are as follows for the year ended January 31, SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION Amount Percent 2024 Amount Percent Federal statutory rates $ (236,478 ) 21 % State income taxes (58,727 ) 5 % Change in valuation allowance (213,700 ) 19 % True-up in prior year returns - 0 % Effective Rate - 45 % The differences between the statutory and effective tax rates are as follows for the year ended January 31, Amount Percent 2023 Amount Percent Federal statutory rates $ 159,518 21 % State income taxes (39,615 ) 5 % Change in valuation allowance 165,600 - 22 % True-up in prior year returns - 0 % Effective Rate - 4 %

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Jan. 31, 2024
Fair Value Disclosures [Abstract]
SCHEDULE OF FAIR VALUE LIABILITIES MEASURED ON RECURRING BASIS	The following table presents the estimated fair values of the Trust’s debt instruments, based on rates currently available to the Trust for bank loans with similar terms and average maturities, and the associated carrying value recognized in the consolidated balance sheets at January 31, 2024 and 2023: SCHEDULE OF FAIR VALUE LIABILITIES MEASURED ON RECURRING BASIS 2024 2023 Carrying Amount Fair Value Carrying Amount Fair Value Mortgage Notes Payable $ 9,250,585 $ 2,833,263 $ 9,584,449 $ 3,408,024 Other Notes Payable $ 470,000 $ 470,000 $ 570,000 $ 570,000 Notes Payable - Related Party $ - $ - $ - $ -

SUPPLEMENTAL CASH FLOW DISCLO_2

SUPPLEMENTAL CASH FLOW DISCLOSURES (Tables)	12 Months Ended
	Jan. 31, 2024
Supplemental Cash Flow Elements [Abstract]
SCHEDULE OF SUPPLEMENTAL CASH FLOWS DISCLOSURES	SCHEDULE OF SUPPLEMENTAL CASH FLOWS DISCLOSURES 2024 2023 Cash Paid for Interest $ 479,000 $ 465,000 Notes Payable $ 21,000 $ 46,000

SCHEDULE OF ENTITY OWNERSHIP PE

SCHEDULE OF ENTITY OWNERSHIP PERCENTAGE (Details)		Jan. 31, 2024	Mar. 29, 2022
Albuquerque Suite Hospitality, LLC [Member] | Direct Ownership [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
IHT ownership percentage		21.90%
Albuquerque Suite Hospitality, LLC [Member] | Indirect Ownership [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
IHT ownership percentage	[1]
Tucson Hospitality Properties, LLLP [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
IHT ownership percentage		48.13%	51%
Tucson Hospitality Properties, LLLP [Member] | Direct Ownership [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
IHT ownership percentage
Tucson Hospitality Properties, LLLP [Member] | Indirect Ownership [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
IHT ownership percentage	[1]	51.62%
RRF Limited Partnership [Member] | Direct Ownership [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
IHT ownership percentage		75.89%
RRF Limited Partnership [Member] | Indirect Ownership [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
IHT ownership percentage	[1]
[1]Indirect ownership is through the Partnership

NATURE OF OPERATIONS AND BASI_3

NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Details Narrative) - USD ($)	12 Months Ended
	Jan. 31, 2024	Jan. 31, 2023
Noncontrolling interest description	As of January 31, 2024, non-controlling interest represented 48.38% interest in the InnSuites® hotel located in Tucson, Arizona, 78.10% interest in the InnSuites® hotel located in Albuquerque, New Mexico, and 24.11% in the Partnership.
Partnership interest shares	8,988,804
Total diluted shares	12,174,597
Cash	$ 1,325,000
Related Party Demand/Revolving Line of Credit/Promissory Note [Member]
Debt instrument interest rate	7%
Amount payable	$ 0
Line of credit limit	$ 2,000,000
RRF Limited Partnership [Member]
Partnership interest shares	3,185,793
Republic Bank of Arizona [Member]
Line of credit remaining borrowing capacity	$ 0
Line of credit amount	250,000
Trust [Member]
Line of credit amount	$ 250,000
Class A Partnership Units [Member]
Partnership units outstanding	211,755	211,755
Class B Partnership Units [Member] | James Wirth [Member]
Partnership units outstanding	2,974,038	2,974,038
General Partner Units [Member]
Partnership interest shares	10,025,724	10,025,724
Innsuites Hotel Located in Tucson [Member]
Partnership interest units percentage	51.62%
Innsuites Hotel Located in Albuquerque New Mexico [Member]
Partnership interest units percentage	21.90%
Class A Partnership Units [Member]
Partnership interest units percentage	1.60%	1.60%
Class B Partnership Units [Member]
Partnership interest units percentage	22.51%
General Partner Units [Member]
Partnership interest units percentage	75.89%	75.89%
Limited Partner [Member]
Partnership interest shares	3,185,793	3,174,041
UniGen Power Inc. [Member]
Convertible debenture	$ 1,000,000
Debt instrument interest rate	6%
Privately-held common stock	$ 633,750
Privately-held common stock, shares	540,000
RRF Limited Partnership [Member] | Weighted Average [Member]
Percentage of ownership interest held by the trust	75.89%	75.89%
RRF Limited Partnership [Member] | General Partner [Member]
Percentage of ownership interest held by the trust	75.89%	75.89%

SUMMARIZES OF RESTRICTED SHARE

SUMMARIZES OF RESTRICTED SHARE ACTIVITY (Details) - Restricted Stock [Member] - $ / shares	12 Months Ended
	Jan. 31, 2024	Jan. 31, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Restricted Shares, Balance of unvested awards beginning	12,667
Restricted Shares, Granted	46,000	38,000
Restricted Shares, Price on date of grant, Granted	$ 1.20	$ 2.08
Restricted Shares, Vested	(58,667)	(25,333)
Restricted Shares, Price on date of grant, Vested	$ 1.20	$ 2.08
Restricted Shares, Forfeited
Restricted Shares Balance of unvested awards ending		(12,667)

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended	12 Months Ended
	Jan. 31, 2024	Jan. 31, 2024	Jan. 31, 2023	Jul. 31, 2023	Apr. 30, 2023	Jul. 31, 2022	Apr. 30, 2022
Property, Plant and Equipment [Line Items]
Allowance for doubtful accounts	$ 0	$ 0	$ 0
Restricted shares			60,000
Semi annual dividend per share	$ 0.01	$ 0.01	$ 0.01
Semi annual dividend payable per share	$ 0.02	$ 0.02		$ 0.01	$ 0.01	$ 0.01	$ 0.01
Payments of dividends		$ 180,120	$ 182,785
Weighted average limited partnership units outstanding, diluted		3,174,041
Weighted average incremental shares resulting from unit conversion		3,185,793	3,185,793
Advertising expense		$ 316,000	$ 338,000
Board Of Trustees [Member]
Property, Plant and Equipment [Line Items]
Restricted shares		6,000
Trusts Three Accountants [Member]
Property, Plant and Equipment [Line Items]
Restricted shares		3,000
Three IHT Employees [Member]
Property, Plant and Equipment [Line Items]
Restricted shares		2,000
90 days [Member]
Property, Plant and Equipment [Line Items]
Percentage of allowance for doubtful accounts.		50%
120 days [Member]
Property, Plant and Equipment [Line Items]
Percentage of allowance for doubtful accounts.		100%
UniGen Power Inc. [Member]
Property, Plant and Equipment [Line Items]
Number of shares issued	15,000	45,000	161,250
Trust owned investment shares		540,000
Trust owned investment value		$ 633,750
Restricted shares	15,000		161,250
UniGen Power Inc. [Member] | Warrant [Member]
Property, Plant and Equipment [Line Items]
Number of warrants for exercise		45,000
Number of warrants exercised value		$ 45,000
Building and Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	40 years	40 years
Furniture, Fixtures and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	10 years	10 years
Furniture, Fixtures and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	3 years	3 years

SALE OF OWNERSHIP INTERESTS I_3

SALE OF OWNERSHIP INTERESTS IN ALBUQUERQUE SUBSIDIARY (Details Narrative) - USD ($)				12 Months Ended
	Feb. 15, 2017	Dec. 09, 2013	Jul. 22, 2010	Jan. 31, 2024	Jan. 31, 2023	Oct. 31, 2024	Feb. 14, 2017	Dec. 31, 2015
Class A [Member]
Number of units were available for sale	250
Class A, Class B and Class C [Member] | Albuquerque [Member]
Limited partners capital account units outstanding	600						550
Class B [Member]
Number of units were available for sale	200
Class B Limited Partnership Units [Member] | Albuquerque Suite Hospitality, LLC [Member]
Percentage of trust held ownership interest				0.17%
Class A Limited Partnership Units [Member] | Albuquerque Suite Hospitality, LLC [Member] | Other Parties [Member]
Percentage of trust held ownership interest				77.93%
Albuquerque Suite Hospitality, LLC [Member]
Sale price per unit			$ 10,000
Albuquerque Suite Hospitality, LLC [Member] | Class B Limited Partnership Units [Member]
Number of units sold during period				132.5
Albuquerque Suite Hospitality, LLC [Member] | Class A Limited Partnership Units [Member] | Other Parties [Member]
Number of units sold during period				471.5
Albuquerque Suite Hospitality, LLC [Member] | Restructuring Agreement [Member]
Number of units were available for sale				0	0
Sale price per unit	$ 10,000	$ 10,000
Maximum investors to purchase units		150
Maximum potentially to overallotment exercised		190
Percentage of hold least outstanding units		50.10%
Cumulative priority distributions per unit per year								$ 700
Number of units were purchased				2	2
Albuquerque Suite Hospitality, LLC and Tucson Hospitality Properties, LLLP [Member]
Sale price per unit				$ 10,000
Cumulative priority distributions per unit per year						$ 700
Albuquerque Suite Hospitality, LLC and Tucson Hospitality Properties, LLLP [Member] | Minimum [Member]
Percentage of hold least outstanding units				50.10%
Rare Earth [Member]
Restructuring fee	$ 200,000
Albuquerque Suite Hospitality, LLC [Member]
Percentage of membership interest in a subsidiary committed to purchase by an affiliate			49%
Number of units were available for sale			400
Direct Ownership [Member] | Albuquerque Suite Hospitality, LLC [Member]
Percentage of trust held ownership interest				21.90%

SALE OF OWNERSHIP INTERESTS I_4

SALE OF OWNERSHIP INTERESTS IN TUCSON HOSPITALITY PROPERTIES SUBSIDIARY (Details Narrative) - USD ($)				12 Months Ended
		Oct. 01, 2013	Feb. 17, 2011	Jan. 31, 2024	Mar. 29, 2022	Jun. 30, 2016
Tucson Hospitality Properties, LLLP [Member]
Percentage of trust held ownership interest				48.13%	51%
Tucson Hospitality Properties LP [Member]
Return percentage		7%
Tucson Hospitality Properties LP [Member] | Class B Limited Partnership Units [Member]
Number of units sold during period				413.5
Tucson Hospitality Properties LP [Member] | Class C Limited Partnership Units [Member]
Number of units sold during period				2
Tucson Hospitality Properties LP [Member] | Class A Limited Partnership Units [Member] | Other Parties Holders [Member]
Number of units sold during period				385.5
Tucson Hospitality Properties LP [Member] | Unit Class [Member]
Return percentage		50%
Restructuring fee		$ 128,000
Tucson Hospitality Properties LP [Member] | Rare Earth Financial, LLC [Member]
Sale price per unit		$ 10,000
Cumulative priority distributions per unit per year						$ 700
Tucson Hospitality Properties LP [Member]
Number of units were available for sale			250
Percentage of membership interest in a subsidiary committed to purchase by an affiliate			41%
Rare Earth Financial, LLC [Member] | Tucson Hospitality Properties LP [Member]
Percentage of membership interest in a subsidiary committed to purchase by an affiliate		50.10%
Maximum investors to purchase units		160
Maximum potentially to overallotment exercised		200
Return percentage		50%
Number of units sold during period		100
Indirect Ownership [Member] | Tucson Hospitality Properties, LLLP [Member]
Percentage of trust held ownership interest	[1]			51.62%
Indirect Ownership [Member] | Tucson Hospitality Properties, LLLP [Member] | Mr Wirth [Member]
Percentage of trust held ownership interest				0.25%
[1]Indirect ownership is through the Partnership

SCHEDULE OF VARIABLE INTEREST E

SCHEDULE OF VARIABLE INTEREST ENTITIES (Details) - USD ($)	Jan. 31, 2024	Jan. 31, 2023
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Cash	$ 1,325,368	$ 2,111,383
Accounts Receivable	111,946	101,737
Prepaid Expenses and Deposits	310,891	200,429
Operating Lease -Right of Use	2,088,693	2,108,418
Total Assets	15,680,367	17,019,972
Accounts Payable and Accrued Expenses	1,049,530	990,291
Operating Lease Liability (ASC 842)	2,255,340
Total Liabilities	13,025,455	13,337,827
Equity	6,166,817	6,575,048
Liabilities & Equity	15,680,367	17,019,972
Variable Interest Entities VIE [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Cash	136,405	60,506
Accounts Receivable	12,650	11,514
Prepaid Expenses and Deposits	9,689
Employee Retention Credit
Hotel Properties, Net	995,235	1,017,392
Operating Lease -Right of Use	2,088,693	2,108,418
Total Assets	3,242,672	3,197,830
Accounts Payable and Accrued Expenses	899,921	496,109
Operating Lease Liability (ASC 842)	2,255,341	2,279,655
Mortgage Notes Payable	1,204,481	1,251,356
Total Liabilities	4,359,743	4,027,120
Equity	(1,117,071)	(829,290)
Liabilities & Equity	$ 3,242,672	$ 3,197,830

SCHEDULE OF FUTURE PAYMENTS OF

SCHEDULE OF FUTURE PAYMENTS OF DEBT (Details)	Jan. 31, 2024 USD ($)
Notes Receivable
2025	$ 1,925,000
Total	$ 1,925,000

NOTES RECEIVABLE (Details Narra

NOTES RECEIVABLE (Details Narrative) - USD ($)	Aug. 15, 2018	Jan. 31, 2024	Jan. 31, 2023
Principal amount		$ 1,204,000	$ 1,251,000
IBC Hotels, LLC [Member]
Principal amount	$ 1,925,000
IBC Hotels, LLC [Member] | Promissory Notes [Member]
Percentage of accrued interest	375%
Debt instrument, description	If IBC closes an equity transaction with net proceeds to IBC in excess of $2,500,000, IBC/Buyer shall pay or pre-pay to IHT an amount equal to (a) 50% of the net proceeds received by IBC and (b) 50% of the sum of the unpaid balance of the note and accrued interest accrued but unpaid interest thereon, as the date of receipt of the net proceeds by IBC.

SCHEDULE OF WARRANTS VALUATION

SCHEDULE OF WARRANTS VALUATION ASSUMPTIONS (Details)	Jan. 31, 2024 $ / shares
Debenture Warrants [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Exercise (Strike) price	$ 1
Time to maturity (years)	2 years
Additional Warrants [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Exercise (Strike) price	$ 2.25
Time to maturity (years)	3 years
Measurement Input, Share Price [Member] | Debenture Warrants [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Annualized volatility	2.25
Measurement Input, Share Price [Member] | Additional Warrants [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Annualized volatility	2.25
Measurement Input, Risk Free Interest Rate [Member] | Debenture Warrants [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Annualized volatility	1.630
Measurement Input, Risk Free Interest Rate [Member] | Additional Warrants [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Annualized volatility	1.630
Measurement Input, Price Volatility [Member] | Debenture Warrants [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Annualized volatility	27.43
Measurement Input, Price Volatility [Member] | Additional Warrants [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Annualized volatility	27.43

CONVERTIBLE NOTE RECEIVABLE, _3

CONVERTIBLE NOTE RECEIVABLE, COMMON STOCK AND WARRANTS IN UNIGEN POWER, INC (Details Narrative) - USD ($)		3 Months Ended	12 Months Ended
	Dec. 16, 2019	Jan. 31, 2024	Jan. 31, 2024	Jan. 31, 2023
Investments, fair value	$ 700,000	$ 633,750	$ 633,750	$ 588,750
Interest income, reinvested		$ 15,000		$ 60,000
Warrants, exercise				60,000
Board of directors description			James Wirth (President) and Marc Berg (Executive Vice President) both lack significant control. They have two of the seven Board of Directors seats or 28% and were elected in December 2019 to serve on the board of UNIGEN to closely monitor and assist in the success of this potentially power industry disruptive relatively clean energy generation innovation.
IHT [Member]
Investment owned balance, shares		540,000	540,000
Investment cost		$ 633,750	$ 633,750
UniGen Power Inc. [Member]
Equity ownership, percentage		20%	20%
Common Class A [Member] | UniGen Power Inc. [Member]
Equity ownership, percentage	20%
Debenture Warrants [Member]
Debenture warrants, exercise price		$ 1	$ 1
Additional Warrants [Member]
Debenture warrants, exercise price		$ 2.25	$ 2.25
UniGen Power Inc. [Member]
Debt instrument, interest rate		6%	6%
Debt instrument, conversion rate	$ 1
Investments	3,000,000			60,000
Line of credit	$ 500,000
Investments, fair value	1,000,000
Warrants, exercise		15,000		161,250
Stock issued during warrant issued exercised, value				$ 255,000
Stock issued during warrant issued exercised, shares		15,000	45,000	161,250
UniGen Power Inc. [Member] | Fair Value of Warrants [Member]
Investments, fair value	$ 300,000
UniGen Power Inc. [Member] | Options Held [Member]
Debt convertible, shares issued	500,000
Debt instrument, conversion rate	$ 1
UniGen Power Inc. [Member] | Debenture Warrants [Member] | Common Class A [Member]
Debt instrument periodic payment of interest	$ 15,000
Debt convertible, shares issued	1,000,000
Investments	1,000,000
Debenture warrants, exercise price	$ 1
UniGen Power Inc. [Member] | Additional Warrants [Member] | Common Class A [Member]
Investments	500,000
Debenture warrants, exercise price	$ 2.25
Convertible Debenture Purchase Agreement [Member] | UniGen Power Inc. [Member]
Convertible debt, repayments	$ 1,000,000
Debt instrument, interest rate	6%

SCHEDULE OF PROPERTY AND EQUIPM

SCHEDULE OF PROPERTY AND EQUIPMENT (Details) - USD ($)	Jan. 31, 2024	Jan. 31, 2023
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, net	$ 7,051,192	$ 7,209,488
Hotel Properties [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	18,045,120	17,524,259
Less accumulated depreciation	(11,028,366)	(10,358,060)
Property, Plant and Equipment, net	7,016,754	7,166,199
Hotel Properties [Member] | Land [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	2,500,000	2,500,000
Hotel Properties [Member] | Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	11,094,373	10,762,859
Hotel Properties [Member] | Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	4,450,747	4,261,400
Property, Plant and Equipment [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	475,545	475,545
Less accumulated depreciation	(441,107)	(432,256)
Property, Plant and Equipment, net	34,438	43,289
Property, Plant and Equipment [Member] | Land [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	7,005	7,005
Property, Plant and Equipment [Member] | Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	75,662	75,662
Property, Plant and Equipment [Member] | Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	$ 392,878	$ 392,878

SCHEDULE OF PREPAID EXPENSES AN

SCHEDULE OF PREPAID EXPENSES AND OTHER CURRENT ASSETS (Details) - USD ($)	Jan. 31, 2024	Jan. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Tax and Insurance Escrow	$ 162,290	$ 96,774
Deposits		7,000
Prepaid Insurance	64,963	32,159
Prepaid Workman’s Compensation	1,799	562
Miscellaneous Prepaid Expenses	81,839	63,934
Total Prepaid Expenses and Current Assets	$ 310,891	$ 200,429

SCHEDULE OF ACCOUNTS PAYABLE AN

SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details) - USD ($)	Jan. 31, 2024	Jan. 31, 2023
Payables and Accruals [Abstract]
Accounts Payable	$ 225,384	$ 85,198
Accrued Salaries and Wages	234,099	236,845
Accrued Vacation	10,000	10,000
Income Tax Payable
Accrued Interest Payable
Advanced Deposits	1,500	1,963
Accrued Property Taxes	219,689	192,543
Sales Tax Payable	140,318	234,366
Accrued Other	218,540	229,376
Total Accounts Payable and Accrued Expenses	$ 1,049,530	$ 990,291

SCHEDULE OF MORTGAGE NOTES PAYA

SCHEDULE OF MORTGAGE NOTES PAYABLE (Details) - USD ($)	Jan. 31, 2024	Jan. 31, 2023
Totals:	$ 9,250,585	$ 9,475,004
Tucson Oracle Property [Member]
Totals:	8,046,104	8,223,648
Albuquerque Property [Member]
Totals:	$ 1,204,481	$ 1,251,356

SCHEDULE OF MORTGAGE NOTES PA_2

SCHEDULE OF MORTGAGE NOTES PAYABLE (Details) (Parenthetical)	12 Months Ended
	Jan. 31, 2024 USD ($)
Tucson Oracle Property [Member]
Mortgage note payable, monthly payments	$ 28,493
Debt instrument interest rate	4.69%
Mortgage note payable, carrying value of secured property	$ 8,000,000
Albuquerque Property [Member]
Mortgage note payable, monthly payments	$ 9,218
Debt instrument interest rate	4.90%
Mortgage note payable, carrying value of secured property	$ 1,200,000

MORTGAGE NOTES PAYABLE (Details

MORTGAGE NOTES PAYABLE (Details Narrative) - USD ($)			12 Months Ended
	Dec. 02, 2019	Jun. 29, 2017	Jan. 31, 2024	Jan. 31, 2023	Mar. 29, 2022
Debt Instrument [Line Items]
Mortgage notes payable, interest rate				4.69%
Mortgage loan, face amount			$ 1,204,000	$ 1,251,000
Tucson Hospitality Properties, LLLP [Member]
Debt Instrument [Line Items]
Face amount of mortgages					$ 8,400,000
Debt instrument, interest rate					4.99%
IHT ownership percentage			48.13%		51%
Amortization period					25 years
Tucson Hospitality Properties, LLLP [Member] | First Position Debt [Member]
Debt Instrument [Line Items]
Face amount of mortgages					$ 4,500,000
Tucson Hospitality Properties, LLLP [Member] | Inter Company Advances [Member]
Debt Instrument [Line Items]
Face amount of mortgages					$ 3,800,000
Tucson Oracle Property [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate			4.69%
Business Loan Agreement [Member] | Tucson Hospitality Properties, LLLP [Member]
Debt Instrument [Line Items]
Face amount of mortgages		$ 5,000,000
Refinancing mortgage facility amount		$ 3,045,000
Business Loan Agreement [Member] | Tucson Oracle Property [Member]
Debt Instrument [Line Items]
Debt instrument, maturity date		Jun. 19, 2042
Mortgage loan, face amount			$ 8,046,000	8,224
Business Loan Agreement [Member] | Tucson Oracle Property [Member] | First Five Year and Thereafter [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate		4.99%
Business Loan Agreement [Member] | Tucson Oracle Property [Member] | Prime Rate [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate		2%
Business Loan Agreement [Member] | Tucson Oracle Property [Member] | Interest Rate Floor [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate		4.99%
Business Loan Agreement [Member] | Tucson Hospitality Properties [Member]
Debt Instrument [Line Items]
Mortgage loan, face amount			97,000	93,000
Periodic payment principal			50,000
Business Loan Agreement [Member] | Albuqureque Suites Hospitality, LLC [Member]
Debt Instrument [Line Items]
Face amount of mortgages	$ 1,400,000
Debt instrument, maturity date	Dec. 02, 2029
Periodic payment principal			9,000
Financing fees			$ 11,000	$ 12,000
Business Loan Agreement [Member] | Albuqureque Suites Hospitality, LLC [Member] | First Five Year and Thereafter [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate	4.90%
Business Loan Agreement [Member] | Albuqureque Suites Hospitality, LLC [Member] | Prime Rate [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate	3.50%
Business Loan Agreement [Member] | Albuqureque Suites Hospitality, LLC [Member] | Interest Rate Floor [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate	4.90%

NOTES PAYABLE TO BANKS (Details

NOTES PAYABLE TO BANKS (Details Narrative) - Business Loan Agreement [Member] - USD ($)	Oct. 17, 2017	Jan. 31, 2024	Jan. 31, 2023
Trust [Member]
Defined Benefit Plan Disclosure [Line Items]
Revolving line of credit	$ 150,000	$ 0	$ 0
Line of credit, maturity date	Dec. 31, 2024
Albuquerque Suite Hospitality, LLC [Member]
Defined Benefit Plan Disclosure [Line Items]
Revolving line of credit	$ 50,000	0	0
Line of credit, maturity date	Oct. 31, 2023
Tucson Hospitality Properties, LLLP [Member]
Defined Benefit Plan Disclosure [Line Items]
Revolving line of credit	$ 50,000	$ 0	$ 0
Line of credit, maturity date	Oct. 31, 2023

RELATED PARTY NOTES (Details Na

RELATED PARTY NOTES (Details Narrative) - USD ($)		12 Months Ended
	Dec. 02, 2014	Jan. 31, 2024	Jan. 31, 2023	Dec. 30, 2020
Related Party Transaction [Line Items]
Interest expense		$ 501,707	$ 530,347
Rare Earth Financial, LLC [Member]
Related Party Transaction [Line Items]
Line of credit facility interest rate during period	7%
Line of credit facility maximum borrowing capacity				$ 2,000,000
Interest expense		0	0
Related Party [Member] | Rare Earth Financial, LLC [Member]
Related Party Transaction [Line Items]
Notes payable related parties classified current		$ 0	$ 977,000

OTHER NOTES PAYABLE (Details Na

OTHER NOTES PAYABLE (Details Narrative) - USD ($)	Jul. 01, 2019	Jan. 31, 2024	Jan. 31, 2023
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Debt instrument face amount		$ 1,204,000	$ 1,251,000
Individual Lender [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Unsecured debt		$ 200,000
Debt instrument interest rate		4.50%
Debt instrument face amount		$ 200,000
Individual Investor [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Unsecured debt	$ 270,000
Debt instrument interest rate	4.50%
Debt instrument face amount		$ 270,000
Debt instrument, maturity date description	The loan has been subsequently extended to June 30, 2024

SCHEDULE OF MINIMUM PAYMENTS OF

SCHEDULE OF MINIMUM PAYMENTS OF DEBT (Details)	Jan. 31, 2024 USD ($)
Debt Instrument [Line Items]
2024	$ 704,169
2025	247,906
2026	260,999
2027	263,125
2028	274,685
Thereafter	7,969,701
Total	9,720,585
Mortgages [Member]
Debt Instrument [Line Items]
2024	234,169
2025	247,906
2026	260,999
2027	263,125
2028	274,685
Thereafter	7,969,701
Total	9,250,585
Other notes payables [Member]
Debt Instrument [Line Items]
2024	470,000
2025
2026
2027
2028
Thereafter
Total	470,000
Notes payable related party [Member]
Debt Instrument [Line Items]
2024
2025
2026
2027
2028
Total

SCHEDULE OF LEASE COSTS (Detail

SCHEDULE OF LEASE COSTS (Details)	12 Months Ended
	Jan. 31, 2024 USD ($)
Operating Lease Costs:
Operating lease cost*	$ 128,845
Amortization of right-of-use assets	13,874
Interest on lease obligations	$ 402

SCHEDULE OF CASH FLOW INFORMATI

SCHEDULE OF CASH FLOW INFORMATION (Details) - USD ($)	12 Months Ended
	Jan. 31, 2024	Jan. 31, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ (4,590)
Lease obligations:
Long-term obligations	2,249,072	$ 2,267,645
Operating leases, net	2,255,340
Operating cash flows from finance leases	(2,065)
Finance leases, net
Long-term obligations		$ 7,718

SCHEDULE OF WEIGHTED AVERAGE RE

SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERMS AND DISCOUNT RATES (Details)	Jan. 31, 2024
Operating Lease, Liability [Abstract]
Weighted average, Operating Leases	33 years
Weighted-average discount rate - Operating leases	4.85%
Finance Lease, Liability [Abstract]
Weighted average, Finance leases
Weighted-average discount rate - Finance leases	4.85%

SCHEDULE OF FUTURE MINIMUM RENT

SCHEDULE OF FUTURE MINIMUM RENTAL PAYMENTS FOR FINANCE LEASE (Details) - USD ($)	Jan. 31, 2024	Jan. 31, 2023
Leases
2025
Total minimum lease payments
Less: amount representing interest
Total present value of minimum payments
Less: current portion		$ 15,159
Long term portion of finance lease liability		$ 7,718

SCHEDULE OF ANNUAL LEASE OBLIGA

SCHEDULE OF ANNUAL LEASE OBLIGATIONS (Details)	Jan. 31, 2024 USD ($)
Operating Lease, Liability [Abstract]
Operating Leases, 2024	$ 134,355
Operating Leases, 2025	134,367
Operating Leases, 2026	134,379
Operating Leases, 2027	134,391
Operating Leases, 2028	134,403
Operating Leases, Thereafter	3,992,854
Total Undiscounted Lease Obligations, Operating Leases	4,664,749
Operating Leases, Less Imputed Interest	2,409,409
Operating Leases, Net Lease Obligations	2,255,340
Finance Lease, Liability [Abstract]
Finance Leases, 2025
Finance Leases, 2026
Finance Leases, 2027
Finance Leases, 2028
Finance Leases, 2029
Finance Leases, Thereafter
Total Undiscounted Lease Obligations, Finance Leases
Finance Leases, Less Imputed Interest
Finance Leases, Net Lease Obligations

LEASES (Details Narrative)

LEASES (Details Narrative)	12 Months Ended
	Jan. 31, 2024 USD ($)
Northpoint Properties [Member]
Payments for rent	$ 4,318
Albuquerque Hotel [Member]
Operating lease, option to extend	The Albuquerque Hotel non-cancelable ground lease was extended on January 14, 2014 and expires in 2058.
Tucson Oracle Hotel [Member]
Finance lease, description	The Company’s Tucson Oracle Hotel is subject to non-cancelable cable lease that expires in 2024

DESCRIPTION OF BENEFICIAL INT_2

DESCRIPTION OF BENEFICIAL INTERESTS (Details Narrative) - $ / shares							12 Months Ended
	Jun. 19, 2017	Jan. 31, 2010	Sep. 15, 2009	Jan. 05, 2009	Sep. 10, 2002	Jan. 02, 2001	Jan. 31, 2024	Jan. 31, 2023
Shares repurchase price per share							$ 1.72	$ 2.69
Number of shares authorized to repurchased							200,000
Shares of Beneficial Interest [Member]
Stock repurchased during period shares							265,087	106,604
Maximum [Member]
Number of units were available for sale	750,000	350,000	250,000	300,000	350,000	250,000

SCHEDULE OF DEFERRED TAX ASSETS

SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES (Details) - USD ($)	Jan. 31, 2024	Jan. 31, 2023
Income Tax Disclosure [Abstract]
Net operating loss carryforwards	$ 2,113,926	$ 1,432,100
Bad debt allowance
Accrued expenses	(2,622)	(1,000)
Syndications	2,923,000	2,923,000
Prepaid insurance	64,963	32,159
Alternative minimum tax credit	51,000	51,000
Total deferred tax asset	5,150,267	4,437,259
Deferred income tax liability associated with book/tax	(1,848,478)	(1,877,544)
Net deferred income tax asset	3,301,790	2,559,715
Valuation Allowance	(3,301,790)	(2,559,715)
Net deferred income tax

SCHEDULE OF INCOME TAX PROVISIO

SCHEDULE OF INCOME TAX PROVISION (Details) - USD ($)	12 Months Ended
	Jan. 31, 2024	Jan. 31, 2023
Income Tax Disclosure [Abstract]
Current income tax provision (benefit)	$ (100)	$ (93,497)
Deferred income tax provision (benefit)	(213,744)	165,631
Change in valuation allowance	213,744	(165,631)
Net income tax expense (benefit)	$ (100)	$ (93,497)

SCHEDULE OF EFFECTIVE INCOME TA

SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION (Details) - USD ($)	12 Months Ended
	Jan. 31, 2024	Jan. 31, 2023
Income Tax Disclosure [Abstract]
Federal statutory rates	$ (236,478)	$ 159,518
Federal statutory rates, Percent	21%	21%
State income taxes	$ (58,727)	$ (39,615)
State income taxes, Percent	5%	5%
Change in valuation allowance	$ (213,700)	$ 165,600
Change in valuation allowance, Percent	19%	22%
True-up in prior year returns
True-up in prior year returns, Percent	0%	0%
Effective Rate
Effective Rate, Percent	45%	4%

FEDERAL INCOME TAXES (Details N

FEDERAL INCOME TAXES (Details Narrative) - USD ($)	Jan. 31, 2024	Jan. 31, 2023
Income Tax Disclosure [Abstract]
Net operating loss carryforwards	$ 6,100,000
Deferred tax assets	5,150,267	$ 4,437,259
Cumulative net operating loss carryforwards	2,100,000
Syndications	2,900,000
Deferred Tax Liabilities, Net	1,800,000
Operating Loss Carryforwards, Valuation Allowance	$ 3,300,000

OTHER RELATED PARTY TRANSACTI_2

OTHER RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	12 Months Ended
	Jan. 31, 2024	Jan. 31, 2023
Berg Investment Advisors [Member]
Professional Fees	$ 6,000	$ 6,000
InnSuites Hotels Inc [Member]
Monthly accounting fee	$ 2,000
InnSuites Hotels Inc [Member] | Revenue Benchmark [Member] | Customer Concentration Risk [Member]
Revenue percentage	5%
Ownership [Member]
IHT ownership percentage	75.89%	75.89%
Ownership [Member] | Innsuites Hotel Located in Tucson [Member]
IHT ownership percentage	51.62%
Ownership [Member] | Innsuites Hotel Located in Albuquerque New Mexico [Member]
IHT ownership percentage	21.90%
Mr. Wirth and Affiliates [Member]
Number of shares held for beneficial interest of trust	6,250,296	6,228,296
Percentage of shares issued and outstanding of beneficial interest	71.09%	69.12%
Mr. Wirth and Affiliates [Member] | Class B Partnership Units [Member]
Limited Partners' Capital Account, Units Outstanding	2,974,038	2,974,038
Percentage of outstanding partnership units	22.51%	22.51%
Mr. Wirth, Brain James and Affiliates [Member]
Annual salary	$ 37,000

SCHEDULE OF FAIR VALUE LIABILIT

SCHEDULE OF FAIR VALUE LIABILITIES MEASURED ON RECURRING BASIS (Details) - Fair Values of Trust's Debt Instruments [Member] - USD ($)	Jan. 31, 2024	Jan. 31, 2023
Debt Instrument [Line Items]
Mortgage notes payable, Carrying Amount	$ 9,250,585	$ 9,584,449
Mortgage notes payable, Fair Value	2,833,263	3,408,024
Other notes payable, Carrying Amount	470,000	570,000
Other notes payable, Fair Value	470,000	570,000
Related Party [Member]
Debt Instrument [Line Items]
Notes payable - related party, Carrying Amount
Notes payable - related party, Fair Value

SCHEDULE OF SUPPLEMENTAL CASH F

SCHEDULE OF SUPPLEMENTAL CASH FLOWS DISCLOSURES (Details) - USD ($)	12 Months Ended
	Jan. 31, 2024	Jan. 31, 2023
Supplemental Cash Flow Elements [Abstract]
Cash Paid for Interest	$ 479,000	$ 465,000
Notes Payable	$ 21,000	$ 46,000

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	12 Months Ended
	Jan. 31, 2024	Jan. 31, 2023
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Restricted cash	$ 0	$ 0
Revenue	$ 201,000	$ 173,000
Tucson Oracle Property [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Percentage of deposit used for capital expenditures	4%

SHARE-BASED PAYMENTS (Details N

SHARE-BASED PAYMENTS (Details Narrative) - USD ($)		12 Months Ended
	May 15, 2023	Jan. 31, 2024
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Grant date fair value of restricted shares	$ 55,200	$ 10,800
Number of restricted shares issued	46,000	27,000
Three Independent Trustees [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted shares issued		9,000
Trusts Two Accountants [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted shares issued		1,000
Four IHT Employees [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted shares issued		2,000
Three Trust Officers [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted shares issued		3,000

EMPLOYEE RETENTION TAX CREDIT (

EMPLOYEE RETENTION TAX CREDIT (Details Narrative)	12 Months Ended
	Jan. 31, 2024 USD ($)
Employee Retention Tax Credit
Compensation and benefits trust	$ 2,800,000
Tax credit receivable and tax refund description	the Trust placed an amount equal to approximately 12% per Fiscal Quarter of this total as a Tax Credit Receivable and Tax Refund on the Balance Sheet and Income statement, respectively, for the Fiscal Years ended January 31, 2024 and 2023, respectively.
Employee retention tax credit amount	$ 2,250,000
Employee retention tax credit amount to be received	$ 475,000

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($)	2 Months Ended		12 Months Ended
	Apr. 01, 2024	Mar. 31, 2024	Jan. 31, 2024	Jan. 31, 2023	Feb. 05, 2024	Jul. 31, 2023	Apr. 30, 2023	Jul. 31, 2022	Apr. 30, 2022
Subsequent Event [Line Items]
Dividend paid per share			$ 0.02			$ 0.01	$ 0.01	$ 0.01	$ 0.01
Net income (loss) attributable to parent			$ 203,880	$ 523,171
Net income loss per share- basic and diluted			$ 0.02	$ 0.06
Revenues			$ 7,500,000	$ 7,100,000
Increase in revenue percentage			5%
Non cash depreciation expenses			$ 956,333
Subsequent Event [Member]
Subsequent Event [Line Items]
Dividend paid per share					$ 0.01
Trust repurchased, shares	12,190
cash repurchase, value	$ 18,216
Revenues		$ 1,500,000