SEGMENT INFORMATION (Tables)

6 Months Ended

Dec. 31, 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									Discontinued
ended December 31, 2012	Operations			Operations			Transactions			Other			Subtotal			Operations		Total
Revenues	$	10,970,000		$	4,078,000		$	-		$	-		$	15,048,000		$	-	$	15,048,000
Segment operating expenses		(9,398,000	)		(2,197,000	)		-			(472,000	)		(12,067,000	)		-		(12,067,000	)
Segment income (loss) from operations		1,572,000			1,881,000			-			(472,000	)		2,981,000			-		2,981,000
Interest expense		(660,000	)		(984,000	)		-			-			(1,644,000	)		-		(1,644,000	)
Depreciation and amortization expense		(617,000	)		(528,000	)								(1,145,000	)				(1,145,000	)
Loss from investments		-			-			(2,047,000	)		-			(2,047,000	)		-		(2,047,000	)
Income tax benefit		-			-			-			568,000			568,000			-		568,000
Net income (loss)	$	295,000		$	369,000		$	(2,047,000	)	$	96,000		$	(1,287,000	)	$	-	$	(1,287,000	)
Total assets	$	40,852,000		$	65,768,000		$	27,429,000		$	10,180,000		$	144,229,000		$	-	$	144,229,000

As of and for the three months	Hotel			Real Estate			Investment									Discontinued
ended December 31, 2011	Operations			Operations			Transactions			Other			Subtotal			Operations			Total
Revenues	$	10,412,000		$	3,610,000		$	-		$	-		$	14,022,000		$	92,000		$	14,114,000
Segment operating expenses		(7,796,000	)		(2,051,000	)		-			(410,000	)		(10,257,000	)		(53,000	)		(10,310,000	)
Segment income (loss) from operations		2,616,000			1,559,000			-			(410,000	)		3,765,000			39,000			3,804,000
Interest expense		(695,000	)		(897,000	)		-			-			(1,592,000	)		(10,000	)		(1,602,000	)
Depreciation and amortization expense		(579,000	)		(520,000	)		-			-			(1,099,000	)		-			(1,099,000	)
Loss from investments		-			-			(373,000	)		-			(373,000	)		-			(373,000	)
Income tax benefit		-			-			-			9,000			9,000			(12,000	)		(3,000	)
Net income (loss)	$	1,342,000		$	142,000		$	(373,000	)	$	(401,000	)	$	710,000		$	17,000		$	727,000
Total assets	$	40,772,000		$	68,394,000		$	25,738,000		$	10,474,000		$	145,378,000		$	-		$	145,378,000

As of and for the six months	Hotel			Real Estate			Investment									Discontinued
ended December 31, 2012	Operations			Operations			Transactions			Other			Subtotal			Operations		Total
Revenues	$	23,106,000		$	7,753,000		$	-		$	-		$	30,859,000		$	-	$	30,859,000
Segment operating expenses		(18,562,000	)		(4,359,000	)		-			(1,035,000	)		(23,956,000	)		-		(23,956,000	)
Segment income (loss) from operations		4,544,000			3,394,000			-			(1,035,000	)		6,903,000			-		6,903,000
Interest expense		(1,324,000	)		(2,019,000	)		-			-			(3,343,000	)		-		(3,343,000	)
Depreciation and amortization expense		(1,225,000	)		(1,052,000	)								(2,277,000	)				(2,277,000	)
Loss from investments		-			-			(1,077,000	)		-			(1,077,000	)		-		(1,077,000	)
Income tax benefit		-			-			-			194,000			194,000			-		194,000
Net income (loss)	$	1,995,000		$	323,000		$	(1,077,000	)	$	(841,000	)	$	400,000		$	-	$	400,000
Total assets	$	40,852,000		$	65,768,000		$	27,429,000		$	10,180,000		$	144,229,000		$	-	$	144,229,000

As of and for the six months	Hotel			Real Estate			Investment									Discontinued
ended December 31, 2011	Operations			Operations			Transactions			Other			Subtotal			Operations			Total
Revenues	$	21,521,000		$	7,140,000		$	-		$	-		$	28,661,000		$	180,000		$	28,841,000
Segment operating expenses		(15,941,000	)		(3,912,000	)		-			(898,000	)		(20,751,000	)		(114,000	)		(20,865,000	)
Segment income (loss) from operations		5,580,000			3,228,000			-			(898,000	)		7,910,000			66,000			7,976,000
Interest expense		(1,383,000	)		(1,774,000	)		-			-			(3,157,000	)		(19,000	)		(3,176,000	)
Depreciation and amortization expense		(1,144,000	)		(1,045,000	)								(2,189,000	)		-			(2,189,000	)
Loss from investments		-			-			(6,097,000	)		-			(6,097,000	)		-			(6,097,000	)
Income tax benefit		-			-			-			1,577,000			1,577,000			(19,000	)		1,558,000
Net income (loss)	$	3,053,000		$	409,000		$	(6,097,000	)	$	679,000		$	(1,956,000	)	$	28,000		$	(1,928,000	)
Total assets	$	40,772,000		$	65,993,000		$	25,738,000		$	10,474,000		$	142,977,000		$	2,401,000		$	145,378,000