INVESTMENT IN HOTEL, NET

12 Months Ended

Jun. 30, 2016

Hotel [Member]

Real Estate Properties [Line Items]

Investment In Real Estate [Text Block]

NOTE 3 – INVESTMENT IN HOTEL, NET

Investment in Hotel consisted of the following as of:

			Accumulated		Net Book
June 30, 2016	Cost		Depreciation		Value
Land	$	2,738,000	$	-	$	2,738,000
Furniture and equipment		28,857,000		(23,096,000)		5,761,000
Building and improvements		62,908,000		(26,586,000)		36,322,000
	$	94,503,000	$	(49,682,000)	$	44,821,000

			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