SEGMENT INFORMATION (Tables)

3 Months Ended

Sep. 30, 2012

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

Operating income for investment transactions consist of net investment gain (loss) and dividend and interest income.

As of and for the three months	Hotel			Real Estate			Investment
ended September 30, 2012	Operations			Operations			Transactions		Other			Total
Revenues	$	12,136,000		$	3,675,000		$	-	$	-		$	15,811,000
Operating expenses		(9,772,000	)		(2,686,000	)		-		(563,000	)		(13,021,000	)
Income (loss) from operations		2,364,000			989,000			-		(563,000	)		2,790,000
Gain on sale of real estate		-			-			-		-			-
Interest expense		(664,000	)		(1,035,000	)		-		-			(1,699,000	)
Gain from investments		-			-			970,000		-			970,000
Income tax expense		-			-			-		(374,000	)		(374,000	)
Net income (loss)	$	1,700,000		$	(46,000	)	$	970,000	$	(937,000	)	$	1,687,000
Total assets	$	40,765,000		$	65,460,000		$	31,184,000	$	10,735,000		$	148,144,000

As of and for the three months		Hotel			Real Estate			Investment
ended September 30, 2011		Operations			Operations			Transactions			Other			Total
Revenues	$	11,109,000		$	3,618,000		$	-		$	-		$	14,727,000
Operating expenses		(8,710,000	)		(2,447,000	)		-			(488,000	)		(11,645,000	)
Income (loss) from operations		2,399,000			1,171,000			-			(488,000	)		3,082,000
Interest expense		(688,000	)		(886,000	)		-			-			(1,574,000	)
Loss from investments		-			-			(5,724,000	)		-			(5,724,000	)
Income tax benefit		-			-			-			1,561,000			1,561,000
Net income (loss)	$	1,711,000		$	285,000		$	(5,724,000	)	$	1,073,000		$	(2,655,000	)
Total assets	$	40,341,000		$	68,821,000		$	21,755,000		$	9,365,000		$	140,282,000