INVESTMENT IN HOTEL, NET

9 Months Ended

Mar. 31, 2017

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, 2017	Cost		Depreciation		Value
Land	$	2,738,000	$	-	$	2,738,000
Furniture and equipment		27,674,000		(24,211,000)		3,463,000
Building and improvements		64,308,000		(27,694,000)		36,614,000
	$	94,720,000	$	(51,905,000)	$	42,815,000

			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