INVESTMENT IN HOTEL, NET

9 Months Ended

Mar. 31, 2019

Real Estate [Abstract]

Real Estate Disclosure [Text Block]

NOTE 3 – INVESTMENT IN HOTEL, NET

Investment in hotel consisted of the following as of:

			Accumulated			Net Book
March 31, 2019	Cost		Depreciation			Value
Land	$	2,738,000	$	-		$	2,738,000
Furniture and equipment		30,379,000		(26,632,000	)		3,747,000
Building and improvements		63,879,000		(30,643,000	)		33,236,000
	$	96,996,000	$	(57,275,000	)	$	39,721,000

			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