INVESTMENT IN HOTEL, NET (Tables)

12 Months Ended

Jun. 30, 2015

Hotel [Member]

Real Estate Properties [Line Items]

Schedule of Real Estate Properties [Table Text Block]

Investment in Hotel consisted of the following as of:

			Accumulated		Net Book
June 30, 2015	Cost		Depreciation		Value
Land	$	2,738,000	$	-	$	2,738,000
Furniture and equipment		25,958,000		(21,603,000)		4,355,000
Building and improvements		62,031,000		(25,284,000)		36,747,000
	$	90,727,000	$	(46,887,000)	$	43,840,000

			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