Investment in Hotel, Net

3 Months Ended

Sep. 30, 2019

Investments, All Other Investments [Abstract]

Investment in Hotel, Net

NOTE 3 – INVESTMENT IN HOTEL, NET

Investment in hotel consisted of the following as of:

			Accumulated			Net Book
September 30, 2019	Cost		Depreciation			Value
Land	$	2,738,000	$	-		$	2,738,000
Finance lease ROU assets		521,000		(61,000	)		460,000
Furniture and equipment		31,209,000		(27,041,000	)		4,168,000
Building and improvements		63,879,000		(31,379,000	)		32,500,000
Investment in Hotel, net	$	98,347,000	$	(58,481,000	)	$	39,866,000

			Accumulated			Net Book
June 30, 2019	Cost		Depreciation			Value
Land	$	2,738,000	$	-		$	2,738,000
Finance lease ROU assets		521,000		(35,000	)		486,000
Furniture and equipment		30,585,000		(26,842,000	)		3,743,000
Building and improvements		63,879,000		(31,010,000	)		32,869,000
Investment in Hotel, net	$	97,723,000	$	(57,887,000	)	$	39,836,000