INVESTMENT IN HOTEL, NET (Hotel [Member])

3 Months Ended

Sep. 30, 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
September 30, 2014	Cost		Depreciation		Value
Land	$	2,738,000	$	-	$	2,738,000
Furniture and equipment		24,760,000		(20,397,000)		4,363,000
Building and improvements		59,613,000		(24,222,000)		35,391,000
	$	87,111,000	$	(44,619,000)	$	42,492,000

				Accumulated		Net Book
June 30, 2014		Cost		Depreciation		Value
Land	$	2,738,000	$	-	$	2,738,000
Furniture and equipment		23,306,000		(20,072,000)		3,234,000
Building and improvements		59,828,000		(23,903,000)		35,925,000
	$	85,872,000	$	(43,975,000)	$	41,897,000