INVESTMENT IN HOTEL, NET (Hotel [Member])

9 Months Ended

Mar. 31, 2014

Hotel [Member]

Real Estate Properties [Line Items]

Real Estate Disclosure [Text Block]

NOTE 2 – INVESTMENT IN HOTEL, NET

Investment in hotel consisted of the following as of:

			Accumulated		Net Book
March 31, 2014	Cost		Depreciation		Value
Land	$	2,738,000	$	-	$	2,738,000
Furniture and equipment		22,863,000		(19,854,000)		3,009,000
Building and improvements		58,799,000		(23,590,000)		35,209,000
	$	84,400,000	$	(43,444,000)	$	40,956,000

			Accumulated		Net Book
June 30, 2013	Cost		Depreciation		Value
Land	$	2,738,000	$	-	$	2,738,000
Furniture and equipment		22,271,000		(19,310,000)		2,961,000
Building and improvements		58,875,000		(22,846,000)		36,029,000
	$	83,884,000	$	(42,156,000)	$	41,728,000