INVESTMENT IN HOTEL, NET (Tables)

6 Months Ended

Dec. 31, 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
December 31, 2015	Cost		Depreciation			Value
Land	$	2,738,000	$	-		$	2,738,000
Furniture and equipment		26,704,000		(22,344,000	)		4,360,000
Building and improvements		63,917,000		(25,919,000	)		37,998,000
	$	93,359,000	$	(48,263,000	)	$	45,096,000

			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