NOTES PAYABLE TO BANKS |
12 Months Ended |
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Jan. 31, 2026 | |
| 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. The loan has a variable rate as the published rate in the Wall Street Journal and matures in December 2025. The balance as of January 31, 2026 and 2025 was $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. The loan has a variable rate as the published rate in the Wall Street Journal and matures in January 2027. The balance as of January 31, 2026 and 2025 was $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. The loan has a variable rate as the published rate in the Wall Street Journal and matures in January 2027. The balance as of January 31, 2026 and 2025 was $0.
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