INVESTMENT IN HOTEL, NET

9 Months Ended

Mar. 31, 2016

Hotel [Member]

Real Estate Properties [Line Items]

Investment In Real Estate [Text Block]

NOTE 2 – INVESTMENT IN HOTEL, NET

Investment in hotel consisted of the following as of:

			Accumulated		Net Book
March 31, 2016	Cost		Depreciation		Value
Land	$	2,738,000	$	-	$	2,738,000
Furniture and equipment		26,778,000		(22,728,000)		4,050,000
Building and improvements		64,358,000		(26,268,000)		38,090,000
	$	93,874,000	$	(48,996,000)	$	44,878,000

			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