INVESTMENT IN HOTEL, NET

12 Months Ended

Jun. 30, 2017

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, 2017	Cost		Depreciation		Value
Land	$	2,738,000	$	-	$	2,738,000
Furniture and equipment		27,681,000		(24,569,000)		3,112,000
Building and improvements		64,308,000		(28,066,000)		36,242,000
	$	94,727,000	$	(52,635,000)	$	42,092,000

			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