SEGMENT INFORMATION (Tables)

12 Months Ended

Jun. 30, 2018

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

Loss from investments consists of net investment loss, dividend and interest income and investment related expenses.

As of and for the year	Hotel			Real Estate			Investment
ended June 30, 2018	Operations			Operations			Transactions			Other			Total
Revenues	$	57,099,000		$	14,480,000		$	-		$	-		$	71,579,000
Segment operating expenses		(40,103,000	)		(7,579,000	)		-			(3,053,000	)		(50,735,000	)
Segment income (loss) from operations		16,996,000			6,901,000			-			(3,053,000	)		20,844,000
Interest expense - mortgage		(7,237,000	)		(2,530,000	)		-			-			(9,767,000	)
Recovery of legal settlement costs		5,775,000												5,775,000
Depreciation and amortization expense		(2,707,000	)		(2,347,000	)		-			-			(5,054,000	)
Loss from investments		-			-			(2,929,000	)		-			(2,929,000	)
Income tax expense		-			-			-			(3,056,000	)		(3,056,000	)
Net income (loss)	$	12,827,000		$	2,024,000		$	(2,929,000	)	$	(6,109,000	)	$	5,813,000
Total assets	$	58,019,000		$	53,369,000		$	14,654,000		$	5,638,000		$	131,680,000

As of and for the year	Hotel			Real Estate			Investment
ended June 30, 2017	Operations			Operations			Transactions			Other			Total
Revenues	$	54,334,000		$	14,671,000		$	-		$	-		$	69,005,000
Segment operating expenses		(40,717,000	)		(7,166,000	)		-			(2,821,000	)		(50,704,000	)
Segment income (loss) from operations		13,617,000			7,505,000			-			(2,821,000	)		18,301,000
Interest expense - mortgage		(7,066,000	)		(2,538,000	)		-			-			(9,604,000	)
Depreciation and amortization expense		(3,057,000	)		(2,248,000	)		-			-			(5,305,000	)
Loss from investments		-			-			(4,547,000	)		-			(4,547,000	)
Income tax expense		-			-			-			(521,000	)		(521,000	)
Net income (loss)	$	3,494,000		$	2,719,000		$	(4,547,000	)	$	(3,342,000	)	$	(1,676,000	)
Total assets	$	48,739,000		$	54,984,000		$	18,388,000		$	11,098,000		$	133,209,000