INVESTMENT IN HOTEL, NET (Tables)

3 Months Ended

Sep. 30, 2016

Hotel [Member]

Real Estate Properties [Line Items]

Schedule of Real Estate Properties [Table Text Block]

Investment in hotel consisted of the following as of:

			Accumulated		Net Book
September 30, 2016	Cost		Depreciation		Value
Land	$	2,738,000	$	-	$	2,738,000
Furniture and equipment		29,070,000		(23,444,000)		5,626,000
Building and improvements		62,926,000		(26,952,000)		35,974,000
	$	94,734,000	$	(50,396,000)	$	44,338,000

			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