in addition , on january 8 , 2016 , ibc hotels and the trust , purchased substantially all of the assets of international vacation hotels , a technology company located in dallas , texas which provides reservation services to over 600 independent international hotels . for more information about the acquisition of international vacation hotels , see note 27 of our consolidated financial statements - “ acquisition of international vacation hotels ” . 7 we are planning significant expansion of ibc hotels during the next couple of fiscal years as we concentrate our sales and marketing efforts towards consumers . we anticipate the ibc hotels sales and marketing efforts to increase our revenues and decrease our consolidated net loss over the next couple of fiscal years . for each reservation , ibc hotels receives a 10 % transactional fee plus reimbursement of our credit card processing fees associated with the reservation . we can not provide any assurance that our plans will be successful or in line with our expectations . throughout item 7 , we refer to continuing and discontinued operations . as discussed , our strategic plan is to no longer be in the business of owning and operating hotels . accordingly , all hotel properties that are currently held for sale have been included in the discontinued operations throughout the form 10-k. we have a single hotel property , yuma that is included in continuing operations until such time as it is in a condition for sale . we expect to have the property for sale by january 31 , 2017. general the following discussion should be read in conjunction with our consolidated financial statements and notes thereto appearing elsewhere in this form 10-k. at january 31 , 2016 , we owned through our sole general partner 's interest in the partnership a direct 50.91 % interest in the albuquerque , new mexico hotel , and a 50.93 % direct interest in the yuma , arizona hotel . additionally , at january 31 , 2016 , we , together with the partnership , owned a 51.01 % interest in a hotel located in tucson , arizona and a 51.65 % interest in a hotel located in ontario , california . at january 31 , 2015 , we owned through our sole general partner 's interest in the partnership a 72.11 % interest in the tucson , arizona hotel , direct 50.82 % interest in the albuquerque , new mexico hotel , and a 73.61 % direct interest in the yuma , arizona hotel . additionally , at january 31 , 2015 , we , together with the partnership , owned a 51.01 % interest in another hotel located in tucson , arizona and a 51.71 % interest in a hotel located in ontario , california . we purchased 0 and 9,903 partnership class a units of our sole general partner interest during the years ended january 31 , 2016 and 2015 , respectively . on october 14 , 2015 , the trust sold its tucson st mary 's hotel to an unrelated third party for approximately $ 9.7 million . for more information about the disposition of the tucson st mary 's hotel , see note 24 of our consolidated financial statements - “ sale of tucson saint mary 's suite hospitality property ” . our expenses consist primarily of property taxes , insurance , corporate overhead , interest on mortgage debt , professional fees , depreciation of the hotels and hotel operating expenses . hotel operating expenses consist primarily of payroll , guest and maintenance supplies , marketing and utilities expenses . under the terms of its partnership agreement , the partnership is required to reimburse us for all such expenses . accordingly , management believes that a review of the historical performance of the operations of the hotels , particularly with respect to occupancy , which is calculated as rooms sold divided by total rooms available , average daily rate ( “ adr ” ) , calculated as total room revenue divided by number of rooms sold , and revenue per available room ( “ revpar ” ) , calculated as total room revenue divided by number of rooms available , is appropriate for understanding revenue from the hotels . in fiscal year 2016 , occupancy increased 10.2 % to 73.36 % from 63.16 % in the prior fiscal year . adr increased by $ 2.74 or 4.04 % to $ 70.59 in fiscal year 2016 from $ 67.85 in fiscal year 2015. the increased occupancy and adr resulted in a increase in revpar of $ 8.93 or 20.84 % to $ 51.79 in fiscal year 2016 from $ 42.86 in fiscal year 2015. the increased occupancy and increased rates reflect a continued stronger economy which has allowed us to increase our rates while increasing our occupancy . we anticipate in the next few fiscal years that steady demand will exist with a significant increase in hotel room supply resulting in additional pressure on the hotel industry to lower rates to maintain current occupancy levels . the following table shows certain historical financial and other information for the periods indicated : replace_table_token_4_th no assurance can be given that occupancy , adr and revpar will not increase or decrease as a result of changes in national or local economic or hospitality industry conditions . 8 we enter into transactions with certain related parties from time to time . for information relating to such related party transactions see the following : ● for a discussion of management and licensing agreements with certain related parties , see “ item 1 – business – management and licensing contracts . ” ● for a discussion of guarantees of our mortgage notes payable by certain related parties , see note 11 to our consolidated financial statements – “ mortgage notes payable . story_separator_special_tag 12 hospitality expense increased by approximately $ 29,000 , or 4 % , from $ 731,000 for the fiscal year ended january 31 , 2015 to approximately $ 760,000 for the fiscal year ended january 31 , 2016. the increase was primarily due to additional product mix provided during the hotels ' complimentary happy hour , increased occupancy and continued compliance with food and beverage requirements provided by best western . utility expenses decreased approximately $ 100,000 from approximately $ 1,129,000 reported for the fiscal year ended january 31 , 2015 compared with approximately $ 1,029,000 for the fiscal year ended january 31 , 2016. we incurred decreased utility costs as a result of the sale of our tucson st. mary 's property . depreciation expense decreased approximately $ 612,000 from approximately $ 1,285,000 reported for the fiscal year ended january 31 , 2015 compared with approximately $ 673,000 for the fiscal year ended january 31 , 2016. we incurred decreased deprecation expenses as a result of the sale of our tucson st. mary 's property and due to the accounting treatment of ceasing depreciation on our remaining discontinued operations hotel properties , which directly attributed to a year over year decrease of approximately $ 612,000. real estate and personal property taxes , insurance and ground rent expense decreased approximately $ 161,000 from approximately $ 831,000 reported for the fiscal year ended january 31 , 2015 compared with approximately $ 670,000 for the fiscal year ended january 31 , 2016. these expenses decreased as a result of our sale of our tucson st. mary 's property . interest expenses were approximately $ 598,000 for the fiscal year ended january 31 , 2016 , an increase of approximately $ 62,000 from the prior fiscal year total of approximately $ 536,000. we continue to work with our lenders to refinance the property loans . during fiscal year 2017 , we anticipate interest expenses will decrease with the anticipated sale of additional hotel properties . story_separator_special_tag properties and our purchase of intangibles assets associated with our purchase of international vacation hotels in january 2016. net lending on advances to affiliates – related parties coupled with collections on advances to affiliates – related parties was approximately $ 971,000 during fiscal year 2016 as compared to approximately $ 1,000 during fiscal year 2015 , which decreased our net cash used in investing activities by approximately $ 1,956,000 during fiscal year 2016. net cash provided by financing activities totaled approximately $ 1,400,000 and $ 814,000 for the years ended january 31 , 2016 and 2015 , respectively . the increase of approximately $ 1,450,000 was primarily due to the sale of stock , net decrease of payments and borrowings on mortgage notes payable , notes payable to banks and line of credit – related party , note receivable – related party was offset by the decreased proceeds from the sale of non-controlling ownership interest in subsidiary . principal payments on mortgage notes payables was approximately $ 625,000 and approximately $ 2,153,000 during the fiscal year ended january 31 , 2016 and 2015 , respectively . during the fiscal year ended january 31 , 2015 , we paid off our $ 1.0 million mortgage on our albuquerque property which increased the amount of principal payments on mortgage notes payables paid . during fiscal year 2017 , we anticipate a reduction of principal payments on mortgage notes payables as our mortgages will be paid off with hotel sale proceeds . payments on notes payable to banks netted against borrowings on notes payable to banks were approximately $ 358,000 during the fiscal year ended january 31 , 2016 as compared to approximately ( $ 152,000 ) during the fiscal year ended january 31 , 2015. we do not anticipate refinancing any of our hotel properties in fiscal year 2017. for the fiscal year ended january 31 , 2016 , payments on line of credit – related party netted against borrowings on line of credit – related party was approximately ( $ 248,000 ) of net cash used in financing activities as compared to approximately $ 210,000 of net cash provided by financing activities for the fiscal year ended january 31 , 2015. for the fiscal year ended january 31 , 2016 , lendings on note receivable – related party netted against collections on note receivable – related party was approximately $ 299,000 of net cash used in financing activities . for the fiscal year ended january 31 , 2016 , payments and borrowings on other notes payable was approximately ( $ 471,000 ) of net cash used in financing activities and approximately $ 338,000 of net cash provided by financing activities during the fiscal year ended january 31 , 2015. during the fiscal year ended january 31 , 2016 , we continued to pay off american express merchant processing loans . proceeds from sales of non-controlling ownership interests in subsidiaries decreased by approximately $ 1,540,000 as sales of non-controlling ownership interest was approximately $ 3,339,000 for the year ended january 31 , 2015 and approximately $ 1,826,000 for the year ended january 31 , 2016. during the fiscal year ended january 31 , 2016 , we primarily sold additional non-controlling interests in our yuma hospitality and tucson saint mary 's suite hospitality subsidiaries . with an increase in the sales of non-controlling ownership interest in subsidiaries , an increase in distributions to non-controlling interest holders is expected . distributions to non-controlling interest holders for the fiscal year ending january 31 , 2016 were approximately $ 1,244,000 as compared to approximately $ 769,000 for the fiscal year ended january 31 , 2015. these distributions are an offset to the net cash provided by financing activities . 14 the trust repurchased additional treasury stock of approximately $ 92,000 during the fiscal year ended january 31 , 2016 compared with $ 220,000 for the prior fiscal year ended january 31 , 2015. additional purchases of treasury stock is an offset to the

liquidity and capital resources overview – hotel operations & corporate overhead and ibc development segments our principal source of cash to meet our cash requirements , including distributions to our shareholders , is our share of the partnership 's cash flow , quarterly distributions from the albuquerque , new mexico and yuma , arizona properties and more recently , sales of non-controlling interests in certain of our hotels . the partnership 's principal source of revenue is hotel operations for the one hotel property it owns ( until its planned sale – as discussed previously ) and quarterly distributions from the tucson , arizona and ontario , california properties . our liquidity , including our ability to make distributions to our shareholders , will depend upon our ability , and the partnership 's ability , to generate sufficient cash flow from hotel operations and to service our debt . hotel operations are significantly affected by occupancy and room rates at the hotels . we anticipate occupancy and adr will be steady during this coming year ; capital improvements are expected to be similar from the prior year . as of january 31 , 2016 , the trust did not have an open bank line of credit . with approximately $ 2.0 million of cash which includes approximately $ 200,000 from discontinued operations as of january 31 , 2016 and the availability of a $ 1,000,000 related party demand/revolving line of credit/promissory note , we believe that we will have enough cash on hand to meet all of our financial obligations as they become due for at least the next year .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```liquidity and capital resources overview – hotel operations & corporate overhead and ibc development segments our principal source of cash to meet our cash requirements , including distributions to our shareholders , is our share of the partnership 's cash flow , quarterly distributions from the albuquerque , new mexico and yuma , arizona properties and more recently , sales of non-controlling interests in certain of our hotels . the partnership 's principal source of revenue is hotel operations for the one hotel property it owns ( until its planned sale – as discussed previously ) and quarterly distributions from the tucson , arizona and ontario , california properties . our liquidity , including our ability to make distributions to our shareholders , will depend upon our ability , and the partnership 's ability , to generate sufficient cash flow from hotel operations and to service our debt . hotel operations are significantly affected by occupancy and room rates at the hotels . we anticipate occupancy and adr will be steady during this coming year ; capital improvements are expected to be similar from the prior year . as of january 31 , 2016 , the trust did not have an open bank line of credit . with approximately $ 2.0 million of cash which includes approximately $ 200,000 from discontinued operations as of january 31 , 2016 and the availability of a $ 1,000,000 related party demand/revolving line of credit/promissory note , we believe that we will have enough cash on hand to meet all of our financial obligations as they become due for at least the next year .
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 Suspicious Activity Report : in addition , on january 8 , 2016 , ibc hotels and the trust , purchased substantially all of the assets of international vacation hotels , a technology company located in dallas , texas which provides reservation services to over 600 independent international hotels . for more information about the acquisition of international vacation hotels , see note 27 of our consolidated financial statements - “ acquisition of international vacation hotels ” . 7 we are planning significant expansion of ibc hotels during the next couple of fiscal years as we concentrate our sales and marketing efforts towards consumers . we anticipate the ibc hotels sales and marketing efforts to increase our revenues and decrease our consolidated net loss over the next couple of fiscal years . for each reservation , ibc hotels receives a 10 % transactional fee plus reimbursement of our credit card processing fees associated with the reservation . we can not provide any assurance that our plans will be successful or in line with our expectations . throughout item 7 , we refer to continuing and discontinued operations . as discussed , our strategic plan is to no longer be in the business of owning and operating hotels . accordingly , all hotel properties that are currently held for sale have been included in the discontinued operations throughout the form 10-k. we have a single hotel property , yuma that is included in continuing operations until such time as it is in a condition for sale . we expect to have the property for sale by january 31 , 2017. general the following discussion should be read in conjunction with our consolidated financial statements and notes thereto appearing elsewhere in this form 10-k. at january 31 , 2016 , we owned through our sole general partner 's interest in the partnership a direct 50.91 % interest in the albuquerque , new mexico hotel , and a 50.93 % direct interest in the yuma , arizona hotel . additionally , at january 31 , 2016 , we , together with the partnership , owned a 51.01 % interest in a hotel located in tucson , arizona and a 51.65 % interest in a hotel located in ontario , california . at january 31 , 2015 , we owned through our sole general partner 's interest in the partnership a 72.11 % interest in the tucson , arizona hotel , direct 50.82 % interest in the albuquerque , new mexico hotel , and a 73.61 % direct interest in the yuma , arizona hotel . additionally , at january 31 , 2015 , we , together with the partnership , owned a 51.01 % interest in another hotel located in tucson , arizona and a 51.71 % interest in a hotel located in ontario , california . we purchased 0 and 9,903 partnership class a units of our sole general partner interest during the years ended january 31 , 2016 and 2015 , respectively . on october 14 , 2015 , the trust sold its tucson st mary 's hotel to an unrelated third party for approximately $ 9.7 million . for more information about the disposition of the tucson st mary 's hotel , see note 24 of our consolidated financial statements - “ sale of tucson saint mary 's suite hospitality property ” . our expenses consist primarily of property taxes , insurance , corporate overhead , interest on mortgage debt , professional fees , depreciation of the hotels and hotel operating expenses . hotel operating expenses consist primarily of payroll , guest and maintenance supplies , marketing and utilities expenses . under the terms of its partnership agreement , the partnership is required to reimburse us for all such expenses . accordingly , management believes that a review of the historical performance of the operations of the hotels , particularly with respect to occupancy , which is calculated as rooms sold divided by total rooms available , average daily rate ( “ adr ” ) , calculated as total room revenue divided by number of rooms sold , and revenue per available room ( “ revpar ” ) , calculated as total room revenue divided by number of rooms available , is appropriate for understanding revenue from the hotels . in fiscal year 2016 , occupancy increased 10.2 % to 73.36 % from 63.16 % in the prior fiscal year . adr increased by $ 2.74 or 4.04 % to $ 70.59 in fiscal year 2016 from $ 67.85 in fiscal year 2015. the increased occupancy and adr resulted in a increase in revpar of $ 8.93 or 20.84 % to $ 51.79 in fiscal year 2016 from $ 42.86 in fiscal year 2015. the increased occupancy and increased rates reflect a continued stronger economy which has allowed us to increase our rates while increasing our occupancy . we anticipate in the next few fiscal years that steady demand will exist with a significant increase in hotel room supply resulting in additional pressure on the hotel industry to lower rates to maintain current occupancy levels . the following table shows certain historical financial and other information for the periods indicated : replace_table_token_4_th no assurance can be given that occupancy , adr and revpar will not increase or decrease as a result of changes in national or local economic or hospitality industry conditions . 8 we enter into transactions with certain related parties from time to time . for information relating to such related party transactions see the following : ● for a discussion of management and licensing agreements with certain related parties , see “ item 1 – business – management and licensing contracts . ” ● for a discussion of guarantees of our mortgage notes payable by certain related parties , see note 11 to our consolidated financial statements – “ mortgage notes payable . story_separator_special_tag 12 hospitality expense increased by approximately $ 29,000 , or 4 % , from $ 731,000 for the fiscal year ended january 31 , 2015 to approximately $ 760,000 for the fiscal year ended january 31 , 2016. the increase was primarily due to additional product mix provided during the hotels ' complimentary happy hour , increased occupancy and continued compliance with food and beverage requirements provided by best western . utility expenses decreased approximately $ 100,000 from approximately $ 1,129,000 reported for the fiscal year ended january 31 , 2015 compared with approximately $ 1,029,000 for the fiscal year ended january 31 , 2016. we incurred decreased utility costs as a result of the sale of our tucson st. mary 's property . depreciation expense decreased approximately $ 612,000 from approximately $ 1,285,000 reported for the fiscal year ended january 31 , 2015 compared with approximately $ 673,000 for the fiscal year ended january 31 , 2016. we incurred decreased deprecation expenses as a result of the sale of our tucson st. mary 's property and due to the accounting treatment of ceasing depreciation on our remaining discontinued operations hotel properties , which directly attributed to a year over year decrease of approximately $ 612,000. real estate and personal property taxes , insurance and ground rent expense decreased approximately $ 161,000 from approximately $ 831,000 reported for the fiscal year ended january 31 , 2015 compared with approximately $ 670,000 for the fiscal year ended january 31 , 2016. these expenses decreased as a result of our sale of our tucson st. mary 's property . interest expenses were approximately $ 598,000 for the fiscal year ended january 31 , 2016 , an increase of approximately $ 62,000 from the prior fiscal year total of approximately $ 536,000. we continue to work with our lenders to refinance the property loans . during fiscal year 2017 , we anticipate interest expenses will decrease with the anticipated sale of additional hotel properties . story_separator_special_tag properties and our purchase of intangibles assets associated with our purchase of international vacation hotels in january 2016. net lending on advances to affiliates – related parties coupled with collections on advances to affiliates – related parties was approximately $ 971,000 during fiscal year 2016 as compared to approximately $ 1,000 during fiscal year 2015 , which decreased our net cash used in investing activities by approximately $ 1,956,000 during fiscal year 2016. net cash provided by financing activities totaled approximately $ 1,400,000 and $ 814,000 for the years ended january 31 , 2016 and 2015 , respectively . the increase of approximately $ 1,450,000 was primarily due to the sale of stock , net decrease of payments and borrowings on mortgage notes payable , notes payable to banks and line of credit – related party , note receivable – related party was offset by the decreased proceeds from the sale of non-controlling ownership interest in subsidiary . principal payments on mortgage notes payables was approximately $ 625,000 and approximately $ 2,153,000 during the fiscal year ended january 31 , 2016 and 2015 , respectively . during the fiscal year ended january 31 , 2015 , we paid off our $ 1.0 million mortgage on our albuquerque property which increased the amount of principal payments on mortgage notes payables paid . during fiscal year 2017 , we anticipate a reduction of principal payments on mortgage notes payables as our mortgages will be paid off with hotel sale proceeds . payments on notes payable to banks netted against borrowings on notes payable to banks were approximately $ 358,000 during the fiscal year ended january 31 , 2016 as compared to approximately ( $ 152,000 ) during the fiscal year ended january 31 , 2015. we do not anticipate refinancing any of our hotel properties in fiscal year 2017. for the fiscal year ended january 31 , 2016 , payments on line of credit – related party netted against borrowings on line of credit – related party was approximately ( $ 248,000 ) of net cash used in financing activities as compared to approximately $ 210,000 of net cash provided by financing activities for the fiscal year ended january 31 , 2015. for the fiscal year ended january 31 , 2016 , lendings on note receivable – related party netted against collections on note receivable – related party was approximately $ 299,000 of net cash used in financing activities . for the fiscal year ended january 31 , 2016 , payments and borrowings on other notes payable was approximately ( $ 471,000 ) of net cash used in financing activities and approximately $ 338,000 of net cash provided by financing activities during the fiscal year ended january 31 , 2015. during the fiscal year ended january 31 , 2016 , we continued to pay off american express merchant processing loans . proceeds from sales of non-controlling ownership interests in subsidiaries decreased by approximately $ 1,540,000 as sales of non-controlling ownership interest was approximately $ 3,339,000 for the year ended january 31 , 2015 and approximately $ 1,826,000 for the year ended january 31 , 2016. during the fiscal year ended january 31 , 2016 , we primarily sold additional non-controlling interests in our yuma hospitality and tucson saint mary 's suite hospitality subsidiaries . with an increase in the sales of non-controlling ownership interest in subsidiaries , an increase in distributions to non-controlling interest holders is expected . distributions to non-controlling interest holders for the fiscal year ending january 31 , 2016 were approximately $ 1,244,000 as compared to approximately $ 769,000 for the fiscal year ended january 31 , 2015. these distributions are an offset to the net cash provided by financing activities . 14 the trust repurchased additional treasury stock of approximately $ 92,000 during the fiscal year ended january 31 , 2016 compared with $ 220,000 for the prior fiscal year ended january 31 , 2015. additional purchases of treasury stock is an offset to the

