INVESTMENT IN HOTEL, NET (Tables)

3 Months Ended

Sep. 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
September 30, 2015	Cost		Depreciation		Value
Land	$	2,738,000	$	-	$	2,738,000
Furniture and equipment		26,197,000		(21,963,000)		4,234,000
Building and improvements		62,893,000		(25,573,000)		37,320,000
	$	91,828,000	$	(47,536,000)	$	44,292,000

			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