INVESTMENT IN HOTEL, NET (Hotel [Member])

9 Months Ended

Mar. 31, 2015

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, 2015	Cost		Depreciation		Value
Land	$	2,738,000	$	-	$	2,738,000
Furniture and equipment		25,578,000		(21,219,000)		4,359,000
Building and improvements		62,291,000		(25,753,000)		36,538,000
	$	90,607,000	$	(46,972,000)	$	43,635,000

			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