SEGMENT INFORMATION (Details) - USD ($)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Segment Reporting Information [Line Items]
Revenues	$ 72,898,000	$ 72,737,000
Segment operating expenses	(56,758,000)	(58,112,000)
Segment income (loss) from operations	5,598,000	9,682,000
Legal settlement costs	(5,396,000)	0
Interest expense - mortgage	(9,898,000)	(10,153,000)
Loss on disposal of assets	(30,000)	(47,000)
Other real estate income	0	458,000
Gain on sale of real estate	0	11,100,000
Depreciation and amortization expense	(5,146,000)	(4,943,000)
Loss from investments	(8,877,000)	(6,236,000)
Income tax benefit (expense)	3,940,000	(2,747,000)
Net income (loss)	(9,267,000)	2,057,000
Total assets	136,110,000	143,419,000
Hotel Operations [Member]
Segment Reporting Information [Line Items]
Revenues	58,566,000	56,811,000
Segment operating expenses	(47,246,000)	(47,016,000)
Segment income (loss) from operations	11,320,000	9,795,000
Legal settlement costs	(5,396,000)
Interest expense - mortgage	(7,271,000)	(7,234,000)
Loss on disposal of assets	(30,000)	(47,000)
Other real estate income		0
Gain on sale of real estate		0
Depreciation and amortization expense	(3,053,000)	(2,902,000)
Loss from investments	0	0
Income tax benefit (expense)	0	0
Net income (loss)	(4,430,000)	(388,000)
Total assets	50,969,000	54,537,000
Real Estate Operations [Member]
Segment Reporting Information [Line Items]
Revenues	14,332,000	15,926,000
Segment operating expenses	(6,790,000)	(8,237,000)
Segment income (loss) from operations	7,542,000	7,689,000
Legal settlement costs	0
Interest expense - mortgage	(2,627,000)	(2,919,000)
Loss on disposal of assets	0	0
Other real estate income		458,000
Gain on sale of real estate		11,100,000
Depreciation and amortization expense	(2,093,000)	(2,041,000)
Loss from investments	0	0
Income tax benefit (expense)	0	0
Net income (loss)	2,822,000	14,287,000
Total assets	56,356,000	55,768,000
Investment Transactions [Member]
Segment Reporting Information [Line Items]
Revenues	0	0
Segment operating expenses	0	0
Segment income (loss) from operations	0	0
Legal settlement costs	0
Interest expense - mortgage	0	0
Loss on disposal of assets	0	0
Other real estate income		0
Gain on sale of real estate		0
Depreciation and amortization expense	0	0
Loss from investments	(8,877,000)	(6,236,000)
Income tax benefit (expense)	0	0
Net income (loss)	(8,877,000)	(6,236,000)
Total assets	15,311,000	20,909,000
Other [Member]
Segment Reporting Information [Line Items]
Revenues	0	0
Segment operating expenses	(2,722,000)	(2,859,000)
Segment income (loss) from operations	(2,722,000)	(2,859,000)
Legal settlement costs	0
Interest expense - mortgage	0	0
Loss on disposal of assets	0	0
Other real estate income		0
Gain on sale of real estate		0
Depreciation and amortization expense	0	0
Loss from investments	0	0
Income tax benefit (expense)	3,940,000	(2,747,000)
Net income (loss)	1,218,000	(5,606,000)
Total assets	$ 13,474,000	$ 12,205,000