SEGMENT INFORMATION (Details) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Jun. 30, 2015
Segment Reporting Information [Line Items]
Revenues	$ 17,259,000	$ 18,074,000	$ 35,979,000	$ 37,101,000
Segment operating expenses	(14,269,000)	(15,185,000)	(28,007,000)	(29,944,000)
Segment income (loss) from operations	1,705,000	1,657,000	5,451,000	4,699,000
Interest expense - mortgage	(2,461,000)	(2,517,000)	(4,925,000)	(5,175,000)
Loss on disposal of assets	0	(51,000)	(30,000)	(51,000)
Gain on sale of real estate	0	1,742,000	0	1,742,000
Depreciation and amortization expense	(1,285,000)	(1,232,000)	(2,521,000)	(2,458,000)
Other real estate income			0	458,000
Loss from investments	(6,912,000)	(1,456,000)	(6,833,000)	(3,443,000)
Income tax benefit	2,538,000	17,000	1,920,000	258,000
Net income (loss)	(5,130,000)	(608,000)	(4,417,000)	(1,512,000)
Total assets	136,179,000	146,650,000	136,179,000	146,650,000	$ 143,419,000
Hotel Operations [Member]
Segment Reporting Information [Line Items]
Revenues	13,713,000	14,044,000	28,851,000	28,874,000
Segment operating expenses	(11,969,000)	(12,033,000)	(23,162,000)	(23,871,000)
Segment income (loss) from operations	1,744,000	2,011,000	5,689,000	5,003,000
Interest expense - mortgage	(1,813,000)	(1,769,000)	(3,627,000)	(3,665,000)
Loss on disposal of assets		(51,000)	(30,000)	(51,000)
Gain on sale of real estate		0		0
Depreciation and amortization expense	(759,000)	(714,000)	(1,521,000)	(1,405,000)
Other real estate income				0
Loss from investments	0	0	0	0
Income tax benefit	0	0	0	0
Net income (loss)	(828,000)	(523,000)	511,000	(118,000)
Total assets	50,664,000	51,234,000	50,664,000	51,234,000
Real Estate Operations [Member]
Segment Reporting Information [Line Items]
Revenues	3,546,000	4,030,000	7,128,000	8,227,000
Segment operating expenses	(1,715,000)	(2,192,000)	(3,451,000)	(4,332,000)
Segment income (loss) from operations	1,831,000	1,838,000	3,677,000	3,895,000
Interest expense - mortgage	(648,000)	(748,000)	(1,298,000)	(1,510,000)
Loss on disposal of assets		0	0	0
Gain on sale of real estate		1,742,000		1,742,000
Depreciation and amortization expense	(526,000)	(518,000)	(1,000,000)	(1,053,000)
Other real estate income				458,000
Loss from investments	0	0	0	0
Income tax benefit	0	0	0	0
Net income (loss)	657,000	2,314,000	1,379,000	3,532,000
Total assets	57,193,000	61,429,000	57,193,000	61,429,000
Investment Transactions [Member]
Segment Reporting Information [Line Items]
Revenues	0	0	0	0
Segment operating expenses	0	0	0	0
Segment income (loss) from operations	0	0	0	0
Interest expense - mortgage	0	0	0	0
Loss on disposal of assets		0	0	0
Gain on sale of real estate		0		0
Depreciation and amortization expense	0	0	0	0
Other real estate income				0
Loss from investments	(6,912,000)	(1,456,000)	(6,833,000)	(3,443,000)
Income tax benefit	0	0	0	0
Net income (loss)	(6,912,000)	(1,456,000)	(6,833,000)	(3,443,000)
Total assets	17,420,000	27,737,000	17,420,000	27,737,000
Other [Member]
Segment Reporting Information [Line Items]
Revenues	0	0	0	0
Segment operating expenses	(585,000)	(960,000)	(1,394,000)	(1,741,000)
Segment income (loss) from operations	(585,000)	(960,000)	(1,394,000)	(1,741,000)
Interest expense - mortgage	0	0	0	0
Loss on disposal of assets		0	0	0
Gain on sale of real estate		0		0
Depreciation and amortization expense	0	0	0	0
Other real estate income				0
Loss from investments	0	0	0	0
Income tax benefit	2,538,000	17,000	1,920,000	258,000
Net income (loss)	1,953,000	(943,000)	526,000	(1,483,000)
Total assets	$ 10,902,000	$ 6,250,000	$ 10,902,000	$ 6,250,000