INVESTMENT IN HOTEL, NET

9 Months Ended

Mar. 31, 2018

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, 2018	Cost		Depreciation		Value
Land	$	2,738,000	$	-	$	2,738,000
Furniture and equipment		27,966,000		(25,592,000)		2,374,000
Building and improvements		64,336,000		(29,214,000)		35,122,000
	$	95,040,000	$	(54,806,000)	$	40,234,000

			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