INVESTMENT IN HOTEL, NET (Tables)

12 Months Ended

Jun. 30, 2018

Real Estate [Abstract]

Schedule of Real Estate Properties [Table Text Block]

Investment in Hotel consisted of the following as of:

			Accumulated			Net Book
June 30, 2018	Cost		Depreciation			Value
Land	$	2,738,000	$	-		$	2,738,000
Furniture and equipment		29,350,000		(25,876,000	)		3,474,000
Building and improvements		64,336,000		(29,587,000	)		34,749,000
	$	96,424,000	$	(55,463,000	)	$	40,961,000

			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