SEGMENT INFORMATION (Details) (USD $)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Segment Reporting Information [Line Items]
Revenues	$ 67,295,000	$ 62,039,000
Segment operating expenses	(59,914,000)	(49,113,000)
Segment income (loss) from operations	7,381,000	12,926,000
Interest expense - mortgage	(7,986,000)	(6,168,000)
Interest expense - occupancy tax	(328,000)	0
Loss on extinguishment of debt	(3,910,000)	0
Loss on disposal of assets	(1,092,000)	0
Depreciation and amortization expense	(4,723,000)	(4,577,000)
Gain (Loss) from investments	343,000	(1,803,000)
Income tax benefit	3,567,000	247,000
Net income (loss)	(6,748,000)	625,000
Total assets	165,460,000	144,686,000
Real Estate [Member]
Segment Reporting Information [Line Items]
Revenues	16,332,000	15,474,000
Segment operating expenses	(8,982,000)	(8,529,000)
Segment income (loss) from operations	7,350,000	6,945,000
Interest expense - mortgage	(3,026,000)	(3,556,000)
Interest expense - occupancy tax	0
Loss on extinguishment of debt	0
Loss on disposal of assets	0
Depreciation and amortization expense	(2,150,000)	(2,123,000)
Gain (Loss) from investments	0	0
Income tax benefit	0	0
Net income (loss)	2,174,000	1,266,000
Total assets	63,697,000	65,262,000
Hotel [Member]
Segment Reporting Information [Line Items]
Revenues	50,963,000	46,565,000
Segment operating expenses	(48,764,000)	(38,635,000)
Segment income (loss) from operations	2,199,000	7,930,000
Interest expense - mortgage	(4,960,000)	(2,612,000)
Interest expense - occupancy tax	(328,000)
Loss on extinguishment of debt	(3,910,000)
Loss on disposal of assets	(1,092,000)
Depreciation and amortization expense	(2,573,000)	(2,454,000)
Gain (Loss) from investments	0	0
Income tax benefit	0	0
Net income (loss)	(10,664,000)	2,864,000
Total assets	41,897,000	41,728,000
Investment Transactions [Member]
Segment Reporting Information [Line Items]
Revenues	0	0
Segment operating expenses	0	0
Segment income (loss) from operations	0	0
Interest expense - mortgage	0	0
Interest expense - occupancy tax	0
Loss on extinguishment of debt	0
Loss on disposal of assets	0
Depreciation and amortization expense	0	0
Gain (Loss) from investments	343,000	(1,803,000)
Income tax benefit	0	0
Net income (loss)	343,000	(1,803,000)
Total assets	27,257,000	27,904,000
Other Property [Member]
Segment Reporting Information [Line Items]
Revenues	0	0
Segment operating expenses	(2,168,000)	(1,949,000)
Segment income (loss) from operations	(2,168,000)	(1,949,000)
Interest expense - mortgage	0	0
Interest expense - occupancy tax	0
Loss on extinguishment of debt	0
Loss on disposal of assets	0
Depreciation and amortization expense	0	0
Gain (Loss) from investments	0	0
Income tax benefit	3,567,000	247,000
Net income (loss)	1,399,000	(1,702,000)
Total assets	$ 32,609,000	$ 9,792,000