INVESTMENT IN HOTEL, NET (Tables)

3 Months Ended

Sep. 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
September 30, 2018	Cost		Depreciation			Value
Land	$	2,738,000	$	-		$	2,738,000
Furniture and equipment		29,632,000		(26,147,000	)		3,485,000
Building and improvements		64,336,000		(29,959,000	)		34,377,000
	$	96,706,000	$	(56,106,000	)	$	40,600,000
			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