INVESTMENT IN HOTEL, NET

12 Months Ended

Jun. 30, 2019

INVESTMENT IN HOTEL, NET

INVESTMENT IN HOTEL, NET

NOTE 4 – INVESTMENT IN HOTEL, NET

Investment in Hotel consisted of the following as of:

			Accumulated		Net Book
June 30, 2019	Cost		Depreciation		Value
Land	$	2,738,000	$	—	$	2,738,000
Furniture and equipment		31,106,000		(26,877,000)		4,229,000
Building and improvements		63,879,000		(31,010,000)		32,869,000
	$	97,723,000	$	(57,887,000)	$	39,836,000

			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