INVESTMENT IN HOTEL, NET (Tables)

6 Months Ended

Dec. 31, 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
December 31, 2016	Cost		Depreciation		Value
Land	$	2,738,000	$	-	$	2,738,000
Furniture and equipment		27,674,000		(23,839,000)		3,835,000
Building and improvements		64,308,000		(27,322,000)		36,986,000
	$	94,720,000	$	(51,161,000)	$	43,559,000

			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