SEGMENT INFORMATION (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015	Jun. 30, 2015
Segment Reporting Information [Line Items]
Revenues	$ 18,066,000	$ 18,132,000	$ 54,045,000	$ 55,233,000
Segment operating expenses	(19,295,000)	(14,560,000)	(47,302,000)	(44,504,000)
Segment income (loss) from operations	(1,229,000)	3,572,000	6,743,000	10,729,000
Interest expense - mortgage	(2,432,000)	(2,539,000)	(7,357,000)	(7,714,000)
Loss on disposal of assets			(30,000)	(51,000)
Gain on sale of real estate	0	9,358,000	0	11,100,000
Other real estate income			0	458,000
Depreciation and amortization expense	(1,328,000)	(1,258,000)	(3,849,000)	(3,716,000)
Loss from investments	(1,532,000)	(2,201,000)	(8,365,000)	(5,644,000)
Income tax expense	2,183,000	(2,930,000)	4,103,000	(2,672,000)
Net income (loss)	(4,338,000)	4,002,000	(8,755,000)	2,490,000
Total assets	136,972,000	144,904,000	136,972,000	144,904,000	$ 143,419,000
Hotel Operations [Member]
Segment Reporting Information [Line Items]
Revenues	14,481,000	13,983,000	43,332,000	42,857,000
Segment operating expenses	(17,067,000)	(11,997,000)	(40,229,000)	(35,868,000)
Segment income (loss) from operations	(2,586,000)	1,986,000	3,103,000	6,989,000
Interest expense - mortgage	(1,793,000)	(1,785,000)	(5,420,000)	(5,450,000)
Loss on disposal of assets			(30,000)	(51,000)
Gain on sale of real estate		0		0
Other real estate income				0
Depreciation and amortization expense	(780,000)	(744,000)	(2,301,000)	(2,149,000)
Loss from investments	0	0	0	0
Income tax expense	0	0	0	0
Net income (loss)	(5,159,000)	(543,000)	(4,648,000)	(661,000)
Total assets	50,600,000	49,819,000	50,600,000	49,819,000
Real Estate Operations [Member]
Segment Reporting Information [Line Items]
Revenues	3,585,000	4,149,000	10,713,000	12,376,000
Segment operating expenses	(1,597,000)	(1,947,000)	(5,048,000)	(6,279,000)
Segment income (loss) from operations	1,988,000	2,202,000	5,665,000	6,097,000
Interest expense - mortgage	(639,000)	(754,000)	(1,937,000)	(2,264,000)
Loss on disposal of assets			0	0
Gain on sale of real estate		9,358,000		11,100,000
Other real estate income				458,000
Depreciation and amortization expense	(548,000)	(514,000)	(1,548,000)	(1,567,000)
Loss from investments	0	0	0	0
Income tax expense	0	0	0	0
Net income (loss)	801,000	10,292,000	2,180,000	13,824,000
Total assets	56,783,000	56,123,000	56,783,000	56,123,000
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
Gain on sale of real estate		0		0
Other real estate income				0
Depreciation and amortization expense	0	0	0	0
Loss from investments	(1,532,000)	(2,201,000)	(8,365,000)	(5,644,000)
Income tax expense	0	0	0	0
Net income (loss)	(1,532,000)	(2,201,000)	(8,365,000)	(5,644,000)
Total assets	14,518,000	24,332,000	14,518,000	24,332,000
Other [Member]
Segment Reporting Information [Line Items]
Revenues	0	0	0	0
Segment operating expenses	(631,000)	(616,000)	(2,025,000)	(2,357,000)
Segment income (loss) from operations	(631,000)	(616,000)	(2,025,000)	(2,357,000)
Interest expense - mortgage	0	0	0	0
Loss on disposal of assets			0	0
Gain on sale of real estate		0		0
Other real estate income				0
Depreciation and amortization expense	0	0	0	0
Loss from investments	0	0	0	0
Income tax expense	2,183,000	(2,930,000)	4,103,000	(2,672,000)
Net income (loss)	1,552,000	(3,546,000)	2,078,000	(5,029,000)
Total assets	$ 15,071,000	$ 14,630,000	$ 15,071,000	$ 14,630,000